ETHUSD bullish breakout! | 16th Feb 2022Prices have recently broken out of our descending trendline support. We see the potential for a bounce from our buy entry at 3040.14 in line with 50% Fibonacci retracement towards our 100% Fibonacci extension. Prices are trading above our ichimoku cloud support, further supporting our bullish bias.
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.
ETH-USD
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2904.46).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 2981.42
TP2= @ 3040.38
TP3= @ 3137.99
TP4= @ 3274.88
TP5= @ 3395. 40
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2904.46).
. 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 above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 2981.42
TP2= @ 3040.38
TP3= @ 3137.99
TP4= @ 3274.88
TP5= @ 3395.40
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!
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💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
ETHUSD bullish bounce! | 14th Feb 2022Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry at 2856.05 which is an area of Fibonacci confluences towards our Take Profit at 3245.0 in line with 100% Fibonacci extension. Technical indicators are showing bullish momentum.
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.
ETHUSDBeen a while....been practicing and backtesting. Lower low and lower high located on daily. Dollar seems to be getting stronger due to monetary policy. I don't believe crypto is a hedge against the stronger dollar. Let's see if we can retrace the previous low up to 30 to 60%. Not advice. I entered a sell @ 3100. I know this is a little late but let''s see if we can at least catch 30% before any possible retracement to the previous high.
ETHUSD potential for reversal | 11th FEBPrice is near sell entry level of 3279.28 which is also the graphical swing high level. Price can potentially dip to the take profit level of 2711.42 which is also 50% Fibonacci retracement and 127.2% Fibonacci projection. Our bearish bias is supported by the RSI indicator as it is abiding by the descending trendline.
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.
What is ETH thinking ??Hello dear friends
What is ETH thinking ??
It knows what it is thinking
But I think the price is going through wave 4 and the beginning of wave 5 is a downward trend.
This is my view for now. If the previous ceiling fails, this analysis will be invalid.
******Appropriate entry points for supports and resistances according to the chart*******
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Be generous and rich.
ETHUSD bullish breakout | 10th FebPrice has recently broken out of the descending trendline and near buy entry level of 3043.53 which is also 23.6% Fibonacci retracement and 161.8% Fibonacci projection. Price can potentially go to the take profit level of 3641.97 which is also 50% Fibonacci retracement. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it.
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.
BTC Accumulation - Ranging for 6 to 8 weeksBTC is in a precarious and slow position. Affected majorly be the larger economy, rising interest rates in March, instability in Ukraine and general Corona recovery but weak economy - we're going to get thrown around.
I would expect BTC to stay range bound between the hard tops at 39-40k and the hard low at 30-25k. This will give a middle range and a no entry area for me in the 35-36k area. When in the middle, you are truly gambling with entries and exits.
I'm currently sat 95% in cash and being patient whilst I wait and be greedy for my entries on the low side, or shorting on the highside.
On smaller time timeframes like the hourly, BTC hit its 0.5 Fibonacci level from its recent push down and rejected hard. This doesn't give me confidence.
We're in accumulation territory. Use this time well.
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3160.51).
. 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 66.
Take Profits:
TP1= @ 3326.50
TP2= @ 3412.67
TP3= @ 3535.56
TP4= @ 3622.18
TP5= @ 3713.83
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 @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3160.51).
. 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 66.
Take Profits:
TP1= @ 3326.50
TP2= @ 3412.67
TP3= @ 3535.56
TP4= @ 3622.18
TP5= @ 3713.83
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 ❤️
Short-term selling opportunities on ETHETHUSD is currently in a downtrend on the H1 timeframe.
In the end of last year we saw a downside impulse which led to a consolidation.
Now, we're looking for the end of this pullback and another downside move.
The first target will be 3523$
Right now, price is inside of a sell zone and if we see a breakout above 4000$ then this setup won't be valid.
We will be following the development closely and in case of any changes we will have to adjust our targets!