ETH Market Commentary 23.09.2021After an impressive breakout, the next leg now follows (there was also the simpler ETHBTC play where buyers have succeeded and are ready to play the next deflection).
On the ETHUSD side, buyers have created a chance for Q4 to attack the highs. Sellers did not want to hold past the C leg which is screaming in advance that sellers are really only masked buyers and the direction decisively favours the topside.
So now with this deflection from the C lows, the previous highs have been taken unlocking tempo for buyers. The next leg is impulsive on account of the trap and unwinding. The position should reach $3,600 in the coming sessions comfortably with $4,000 the next target in scope.
ETH-USD
The EscapeThe position arising here is another freeing move.
After sellers surrender the $3,500 pivot, it constitutes for a typical cascading of stops - the squeeze manoeuvre we have been tracking for a while finally is beginning to play out. Let's start with a traditional recap of the swing we have been tracking the past few sessions;
The analysis of the starting position was showing us the ABC sequence had been fulfilled and buyers were ready to conduct a flanking attack. This quick-witted move was administered with precision. In this case, the china noise is the same as someone being threatened by a mugger with a weapon, and the person deciding to grab on, continuing to hold, in an attempt that they cannot be hit.
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3603.67).
. 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 67.
Take Profits:
TP1= @ 3848.59
TP2= @ 4031.03
TP3= @ 4169.79
TP4= @ 4353.22
TP5= @ 4546.84
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 (3603.67).
. 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 66.
Take Profits:
TP1= @ 3848.59
TP2= @ 4031.03
TP3= @ 4169.79
TP4= @ 4353.22
TP5= @ 4546.84
SL= Break below S2
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. . . . . . . . Hit the 👍 LIKE button,
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ShibullShib is in a fantastic place for some real leaps and bounds here. Just waiting on the next major impulse wave for more confirmation that we are still looking majorly bullish.
Granted, you're betting on air owned by an anonymous party. . . but, I mean, comeon. Elon shared a picture of a doggie. Bless.
--> That green line we happen to be bouncing on is a beautiful thing. That median follows a few basic rules and currently, on the hourly we have 4 bounces which is a general sign of bullishness.
--> X's represent possible moves, obviously color represents: White Realistic, Gray Possible, Green Optimistic, Red Pessimistic.
--> The hand-drawn line is just a suggestion of possible price action.
--> The highlighted area is just where our price action needs/should kick off.
Never advice.
BTCUSD long ideaHello traders, today I'm going to post an interesting wave is unfolding in BTC/USD.
At the price we are now, it looks like the bears are not done with the bulls yet.
We should be bottoming arround 38k-37k where I set my buys with a huge potential to the upside and a very low risk opportunity.
SL for this entry should be up to 36600 and the target is set at 59k.
Let the market go to you.
If you like my content and would like to support me here is my BUSD BEP20 Address:
0x66a39a58d46f21fd61ced8ce11c7420f5b977182
XRPUSD long IdeaHello friends, a few days ago I published an analysis of XRP, and I have modified my analysis to the new narrative, in my previous analysis I believed that XRP was bottoming out at 0.86
This buy setup gave us a BE entry after activating my buy order at 0.85ish
x/2VcjBq63/
Days later I see that it is forming a bearish triangle whose trajectory is defined as follows:
The triangle is not finished yet, expect to be in Wave D in which it should look for a short whose SL is 0.955
You should try to enter as close to 0.955 and whose TP as a minimum should be 0.835 and the most extreme TP 0.76 where I will look to buy with an SL at 0.72
If you want to support me here it is my BUSD BEP20 address: 0x66a39a58d46f21fd61ced8ce11c7420f5b977182
This style of analysis is called Elliott Wave, good luck to everyone!
BITCOIN looks ready for Breakout to 48200+Hello trading friends,
Bitcoin looks ready for a new breakout trend since
✅Trend shows since last 30 min transformation from panic trend to stable and slowly trend
🐳 Long Whale data active right now at BTC 46400 46500
✅Like and subscribe to not miss a new idea!✅ Thank you
Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
🎬To stay updated check always our last update.
Eth Long in spot/futures resistances/fibs/supportsEth has been amazing to say the leas. futs and spot holders can use these levels for TSL/take profits
$eth looking awesome, following channel
in wave count its at major wave 5, subwave 1 is done. subwave 2 was a abc correction now doing a i-ii alternates in the subw. 3. even tho negative rsi diveregence on 4h, but shud retrace/sort and continue advance
ETHUSD Possible LONG Double BottomEthereum price action is beautiful, after a correction and some consolidation, we broke out our descending trendline, and we did a perfect double bottom, with fundamentals from Amazon being part of crypto soon, should support the price too with the rest as we made the last months. Play safe, but i believe we are totally bullish.
💡Don't miss the great buy opportunity in ETHUSD @ethereumMidterm forecast:
While the price is above the support 1705.700, resumption of uptrend is expected.
We make sure when the resistance at 2910.700 breaks.
If the support at 1705.700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 1719.100 on 07/20/2021, so more gains to resistance(s) 2035.000, 2178.000, 2346.350 and maximum to Major Resistance (2910.700) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 48.
Take Profits:
TP1= @2178.000
TP2= @2346.350
TP3= @2544.450
TP4= @2910.700
TP5= @3500.000
TP6= @4000.000
TP7= @4367.500
TP8= FREE
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. . . . . 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 ❤️