Mohsen_Abbassi

Mohsen_Abbassi Updated 

Salaam ETH has some reason to bounce from the 1550 area: In H4 ETH made higher low and highs, 1550 is 61 FIBO retrace. 1550 is also the intersection of two trend lines. H4 descending trendline that it pullback and also H1 ascending trend line. 1550 also acts as a key level that ETH bounces several times. 1550 is also H4 EMA 20 which acts as a dynamic support. I...

Mohsen_Abbassi

Salaam The pullback to the broken H4 triangle is almost done. It also could make some spikes to the upside. So check the SL after each hour after the candles close.

Mohsen_Abbassi

Salaam As you see, the h4 triangle is broken, waiting for a pullback. It may send ETH down to the 1165 area. Remember for high volatility in the area, it could go far at our target, it's OK and we should check the h4 candle after its closes. Good luck

Mohsen_Abbassi Updated 

Salaam Good day As the pattern, ETH could go to 1200 area. It seems some bearish power still remained. For the bullish, the market should show some clear symptoms.

Mohsen_Abbassi

Salaam Will the daily candle back to the channel and make this breakout false or not?! If it will close below, there are many targets far away! For bullish predictions, it needs back to the channel. From 22 January, ETH hasn't any impressive corrections. 1430 is line up with 61 Fibo. Also, it seems there is not remain much daily momentum and if there will be...

Mohsen_Abbassi

Salaam The h1 chart shows a good opportunity for sell. TP1 1530 TP2 1450 SL 1690

Mohsen_Abbassi Updated 

Break the triangle and pulled back. SL 1630

Mohsen_Abbassi

Salaam It seems still more bearish and retraces more. As in the chart

Mohsen_Abbassi

Salaam It seems ETH wants more retrace to calm down. The crypto market total wants some more retrace to calm down. Here is the road map step by step: 1- m30 EMA10 and 20 cross to bearish, the last 2 30m candles pullback to the 1680 key level that broke. 2- break 1570 support to the downside. 3- retrace to the last dips at 1370-50 4- Go some lower (If any...

Mohsen_Abbassi Updated 

Salaam After some bearish market, ETH kept in the rising wedge. It also is near a key level. ETH needs rest after the 340$ rise.

Mohsen_Abbassi

Salaam If ETH break the triangle to the downside, it will go to 1200-1100 by measured projected target.

Mohsen_Abbassi Updated 

Salaam The first step before retrace in 1h is: 1670-1720 to break the 10 and 20 EMA. (Moving averages- red and blue line in the chart.)

Mohsen_Abbassi

Salaam It seems the bearish market is over. It confirmed in 5m by making a higher high, waiting for m30 to confirm or not. By the way, I think lower supports are: 1320- 1240 - 1100 If I right and the bear market is over, return back to 2,000 will not take long. Good luck!

Mohsen_Abbassi

Salaam If ETH break the channel,(blue trend line) TP1 1475 TP2 1370 TP3 1330

Mohsen_Abbassi Updated 

Salaam Despite now seems a good buy opportunity, there is also a probability to break the trend line to the downside. In this case, ETH could go as low as 1650 and even 1430! (I've considered 1780 as a sign for the beginning of the bear market. Last day in 1800, there are many buyers!) It depends on what the whales want to do. Keep or lose it, the downside break...

Mohsen_Abbassi

Salaam ETH broke the ascending channel in H4 TF. Until it's above 1970, it will be still bullish otherwise it could retrace some more. If the daily candle closes above the channel, the channel will be considered broken. the first support is about 1860 and the first resistance above 2200. Note that nowadays the crypto market is very volatile so if you trade place...

Mohsen_Abbassi Updated 

Salaam ETH in m30 behave such it wants to break the triangle to the upside, in this way, the first step will be 1970 same as the upper edge of the H4 ascending channel. At there, should watch ETH price action. It could be retrace or break to the upside. Good luck!

Mohsen_Abbassi

Salaam Good day! ETH broke the trend line, there is 2 scenario: ETH is in an ascending channel for a long time. 1- ETH remains above 1860, so 1970 is the upper edge of the channel. IF it could break the channel, the next target could be 2070. 2- ETH retraces 1870 and goes lower about 1820, 1740. Totally ETH will be about 2600 in late February. Do some...