ETHGBP trade ideas
Ethereum Price Prediction 2021 RealityA real and thoughtful price prediction that I can 95% assure you will play out. Please check out my Bitcoin one as well.
ETHGBP H4 - Long UpdateETHGBP H4
Nice little bounce from our confluence zone, £1600 price, H4 demand and S/R.
Little threat on the lower timeframe but seemed to hold on the H4 close nicely, Almost at £1700 price, which would offer the initial 2R, possible first TP target if profits not already been taken.
ETHGBP H4 - Long SetupETHGBP H4
This is the move we were looking for last week on ETHEREUM. We saw a similar move happen with BTC last week, but ETH couldn't follow similar suit at the time. However, over the weekend, we have seen an upside break of that £1630 price, and currently seeing a subsequent retest.
Hopefully this S/R zone holds and we can trade up towards the top side of this trading range, taking us up towards £2040, 7R reward potential too.
ETH GBPA target of £2000 GBP this week. There was some bit of sideways over the weekend but the overall up trend remains intact as from the previous price prediction.
ETH prediction (Short term)I think we are most likely going to see something similar to the inverse of the previous price action for the short term. I've marked the area I copied the price from and you can see it's quite similar.
As we know history likes to repeat itself + we have the descending nature and the double bottom for some extra confluence.
Also, we are getting a decrease in trading volume showing me we have less liquidity in the market.
When huge blocks of crypto get bought or sold in an illiquid market we see significant and aggressive changes in the price of those crypto tokens, I think ETH is more likely to get bought than sold at these prices for now.
ETHGBP H4 - Long SetupETHGBP H4
Again, very much the same as what we have here for ETHEREUM, a break above 2100-2200 and relevant H4/D1 close before a subsequent pullback would be perfect confirmation that we are back bullish bias again.
Breaking out of our bearish consolidated trading zones and climbing higher, good signals for long trading and investment additions. 5R up to previous high.
ETH/GBP update *ALL NEW HIGH* £2500in the last post we new price was bullish and was setting new highs that ETH previously had not seen. however price was struggling to break green line of resistance.
UPDATE: price has now set all new highs and is still showing signs of a continued upward trend.
new yellow zone has been created. price is respecting the trendline and so far is respecting the new liquidity zone. No reason for price not to continue moving upwards.
NOTE: each yellow zone of liquidity is where orders are stacked and each yellow zone is a position and price for you to buy in again.
ETH/GBP update on bull runmarket has been bullish for a while now and has also broken the all time high of £2500. market is still respecting and playing off newest purple trendline. however is struggling to break past the green dotted line. my predictions are the market will start to stabilize at this level until it can take liquidity from the yellow zone and show confirmations for next bull run.
