ETH - To catch a falling knife.Ethereum - Intraday - We look to Buy at 1731 (stop at 1679)
We are trading at oversold extremes.
We look to buy dips.
1700 has been pivotal.
1711 has been pivotal.
1731 has been pivotal.
Support is located at 1700 and should stem dips to this area.
Our profit targets will be 1858 and 1898
Resistance: 1900 / 2000 / 2100
Support: 1800 / 1700 / 1500
ETH-USD
ETHUSD potential for a drop! | 23rd May 2022On the H4, with price moving below the descending channel and approaching a resistance level , we have a bearish bias that price will drop from our 1st resistance at 2053 area where the horizontal overlap support, 61.8% Fibonacci retracement and 100% Fibonacci projection is to our 1st support at 1920 in line with the horizontal swing low support and 61.8% Fibonacci projection . Alternatively, price may break 1st resistance structure and head for 2nd resistance at 2096 where the horizontal swing high resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD potential for a drop! | 23rd May 2022On the H4, with price moving below the descending channel and approaching a resistance level, we have a bearish bias that price will drop from our 1st resistance at 2053 area where the horizontal overlap support, 61.8% Fibonacci retracement and 100% Fibonacci projection is to our 1st support at 1920 in line with the horizontal swing low support and 61.8% Fibonacci projection. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 2096 where the horizontal swing high resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Ethereum double bottom / accumulation? As ETH came down to my previous charted 1600-1800 range, spurred on by the drop in performance of the S+P And the luna crash, I believe we may now be entering the last phase of accumulation to form the double bottom. Expecting an upswing end of May early June with a rally to 3500+, should find new support around there. Bullish on 5k+ eth by the EOY. Let me know your thoughts.
short in eth/usdThe price of etherum against the US dollar is in a corrective phase and is moving away from the 3,000 usd zone and it seems that it is looking for the lows of this year in the 2,158 usd zone, but it still has a long way to go and it does not you have to rule out bounces in this asset, the price is forming lower and lower highs that form a downtrend line that serves as resistance and the price can go looking for that area to continue looking for market participants in short positions, the key area is The 2728.15 usd, is an area that in the past acted very well as resistance and support, in addition to being aligned with the resistance of the trend line
ETHUSD potential for a drop! | 4th May 2022On the H4, with price moving below the ichimoku cloud and the descending channel, we have a bearish bias that price will drop from our 1st resistance at 2860 where the 50% Fibonacci retracement and horizontal swing high resistance is to our 1st support at 2758 in line with the horizontal swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 2945 where the 78.6% Fibonacci retracement and horizontal swing high resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2754.06).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 51.
Take Profits:
TP1= @ 2840.10
TP2= @ 2904.65
TP3= @ 2979.96
TP4= @ 3048.83
TP5= @ 3167.06
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ETHUSD @ethereum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2754.06).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 2840.10
TP2= @ 2904.65
TP3= @ 2979.96
TP4= @ 3048.83
TP5= @ 3167.06
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETHUSD Potential bearish drop | 29th Apr 2022On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our entry where the swing high resistance and 78.6% Fibonacci retracement is to our take profit in line with the horizontal pullback support and 61.8% Fibonacci retracement. Alternatively, price may break entry structure and head for stop loss where the horizontal swing high resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential bearish drop | 28th Apr 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our entry at 2929 where the horizontal pullback resistance and 61.8% Fibonacci retracement is to our take profit at 2804 in line with the horizontal swing low support, and 78.6% Fibonacci retracement . Alternatively, price may break entry structure and head for stop loss at 3016 where the horizontal swing high resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential bearish drop | 28th Apr 2022On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our entry at 2929 where the horizontal pullback resistance and 61.8% Fibonacci retracement is to our take profit at 2804 in line with the horizontal swing low support, and 78.6% Fibonacci retracement. Alternatively, price may break entry structure and head for stop loss at 3016 where the horizontal swing high resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential bullish rise | 26th Apr 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 3173 where the horizontal swing high resistance and 50% Fibonacci retracement is from our 1st support at 2887 in line with the horizontal swing low pullback support. Alternatively, price may break 1st support structure and head for 2nd support where the horizontal overlap support and 61.8% Fibonacci retracement at 2753.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential bullish rise | 26th Apr 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 3173 where the horizontal swing high resistance and 50% Fibonacci retracement is from our 1st support at 2887 in line with the horizontal swing low pullback support. Alternatively, price may break 1st support structure and head for 2nd support where the horizontal overlap support and 61.8% Fibonacci retracement at 2753.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential bearish drop | 25th Apr 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our 1st resistance at 2887 where the pullback resistance is to our 1st support at 2753 in line with the horizontal overlap support and 61.8% Fibonacci retracement . Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal pullback support at 2966.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential bearish drop | 25th Apr 2022On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 2887 where the pullback resistance is to our 1st support at 2753 in line with the horizontal overlap support and 61.8% Fibonacci retracement. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal pullback support at 2966.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential bearish drop | 21st Apr 2022On the H4, with price expected to reverse off the ichimoku resistance and the resistance of the stochastics indicator, we have a bearish bias that price will drop from our entry in line with the horizontal overlap resistance and 38.2% Fibonacci retracement at 3147 to our take profit area at 2885 in line with the horizontal swing low support and 61.8% Fibonacci projection. Alternatively, price may head to our stop loss at 3307 in line with the horizontal swing high resistance and 61.8% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential Bearish Reversal |19th April 2022Price is abiding by the descending channel. Price can potentially reverse from sell entry level of 3089.50 in line with the 61.8% Fibonacci projection towards the take profit level of 2892.71 in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement. Alternatively, price might break through the key resistance structure and head for our stop loss level of 3152.04 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential Bearish Pressure | 18th April 2022Price is abiding by the bearish channel . Price can potentially dip from sell entry level of 2951.56 in line with the 23.6% Fibonacci retracement towards the take profit level of 2775 in line with 78.6% Fibonacci retracement and 100% Fibonacci projection . Our bearish bias is further supported by price trading below ichimoku cloud . Alternatively, price may break through key pivot structure and head for our stop loss level of 3083.99 in line with 61.8% Fibonacci projection .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD IN A BIG THREE-WAVE MOVE - ELLIOTT WAVE ANALYSISHi Elliotticians, ETHUSD is moving nicely.
A completed impulse in A or 1 down from 3581 mark, followed by a completed correction in B or 2, and latest sharp and impulsive decline can be a wave C or wave 3 in progress, if price declines even lower.
Wave C can still be unfolding its minor corrective wave iv, which means one more leg lower as wave v of C can be seen, before market turns to the upside for a minimum three-wave move. Wave C can in current, primary view look for support at the lower parallel ccorrective channel line. That being said, if price continues to trade higher from current levels and in impulsive manner, then wave C can already be completed at current low, and a minimum three-wave recovery already underway.
Trade well.
ETHUSD potential for bounce! | 12th April 2022Prices are at a Pivot . We see the potential for a bounce from our buy entry at 2969.5 in line with 50% Fibonacci retracement towards our Take Profit at 3173.6 in line with 38.2% Fibonacci retracement . RSI are at levels where bounces previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.