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ETH-USD

ETHEREUM - LONG - TARGET 4645 USD Hello traders, Here is a new update for Ethereum which has broken out of the medium-term upward trend channel. Ethereum has broken out to the upside with more than above average volume so I think the rise is sustainable. The targets for ETH are now: -> Target 1 3692 USD -> Target 2 4276 USD -> Target 3 4645 USD Support is now found in the ascending trend channel in case of a correction. Stops below the previous swing lows of course depending on your timeframe and Risk Reward and money management. A very important level which I use in my trading is always the 50% fib retracement level. Currently at 2816 USD but changes as we go up even more with ETH. Watch this level in case of a correction. Discalaimer: this is not a trading advice but purely my personal view on this fund.
Long
by PegasusTechCharts
2
Ethereum 4 month trendchannel - Is this the top for now?Hello Traders I would like to share this chart with you. It is the 6 hour chart of Ethereum ETH. You can see here an almost perfect trend channel over a period of more than 4 months. Interestingly, we have now reached the exact top of the channel with the latest rise in Ethereum. There is also a short but very steep trend channel in the larger upward trend channel. The Price has now converged with the short and long trend channel on the upside. It is now good to watch what happens next. My idea is that there should first be a correction to the current sharp rise. So I am not a buyer of Ethereum at these levels now. I prefer buying at the lower boundery of the trendchannel because of a much better risk reward and less risk. If Ethereum does break out further upwards I would certainly place tight stops to protect profits. A next target for a breakout from this long-term trend channel would then be 4000 USD. Please share your thoughts about Ethereum. Do you think it will have a correction or do you think it will break the upward trend channel and continues to rise. Please explain not only your view but more important the how and why! In the past Ethereum was not able to breakout this channel so it is very interesting how it further develops!
by PegasusTechCharts
13
Ethereum - Looks like topping out 3000 USDHello Traders, Here we see the 4 hour chart of Etherum. As often, a picture say more than a thoussand words. We are in the top of the trend channel and the target of 3000 USD is almost reached. I now expect a pullback because we are on the top of the trend channel, we have the formation of a rising wedge and we see declining volume during the rise. If the price breaks trough the top of the channel then this should happen with good volume. Again long if best on a retest of the upper trend channel line.
by PegasusTechCharts
14
THE ZONE OF ZONES NOT HIT INTO BTC POSSIBLE SHORT BELOW 57KHello trading friends, As you did read before our day trade target of 57600 hit, as we did add before. We have confirmed the trend for the next target for BTC, and it's possible that we can enter into a new short since the zone of zones not HIT . The whale effect shows a stable trend. we did not break out the zone of zones part. # Know that we go with the market flow, and this is a day trade update for BTC. This can change with the time as we track data of whales every time again and possible more increase and downtrend signals for next time, but for now data shows a possible short. At this moment taking a long could be risky. but these are time frame update , we updating depending on the time frame by Day expecting charts. markets change, and we change with the markets directly. What is possible expecting target Below 57K could be a possible target. exactly we will update later. What means this at all? That's its possible that we can see a short update next time into btcusdt. What shows whale data? a stable trend. can we increase further? Yes, its possible as its stable trend - but there are more chances for breakdown trend. @@Follow/like for more 24/7 Live updates on tradingview.@@ Discipline is the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading. #Always do your own research don't follow us or someone else blindly ---> Have a great day 😃
Short
by watchtrend
7
Crypto Weekly: Visa and PayPal deepen crypto commitmentsVisa carries out the first test to settle stablecoins directly on its network in return for a payment processed. PayPal is about to let users pay with cryptocurrencies at its merchants. The use of Bitcoin for remittance payments skyrocketed in emerging markets last year. Card issuer settles the first Visa transaction in USDC on Ethereum Visa and Mastercard are working to bring on crypto-related services onto their network, respectively. Visa is publicly working on two distinct services. First, Visa is set to launch a service for banks this year providing easy access to trading cryptocurrencies. Second, Visa has been working on enabling settlements in the second-biggest stablecoin called USDC directly on its network. Yesterday, Visa confirmed that it has launched the pilot program of this service. Additionally, the payment processor said it has successfully completed the first test as Crypto.com has send USDC on Ethereum to Visa’s wallet to settle a payment. Thereby, Crypto.com does not have to send fiat to Visa whenever users use a Visa card issued by Crypto.com. Instead, the new procedure enables the issuer to settle directly in USDC . In the future, Visa will also offer merchants settlement in USDC . This enables instant settlements of merchants instead of having them wait several weeks for their settlement to go through. PayPal to let users pay with cryptocurrencies PayPal launched buying and selling of cryptocurrencies in October 2020. At that time, it was expected that PayPal would let users pay merchants using their cryptocurrencies sometime in 2021. As expected, PayPal will shortly let users pay with their holdings in Bitcoin , Ethereum , Litecoin, and Bitcoin Cash , the company confirmed today. When users pay using cryptocurrencies, the selected cryptocurrency will instantly be converted to fiat to settle the merchant. The conversion will occur without any fees on the users’ end, and without any additional costs for the merchant compared to traditional PayPal payment types. However, as users are not able to deposit cryptocurrencies to PayPal, they need to buy them through the company, which is subject to heavy fees. PayPal will send out an official press release later today describing the service in detail. The press release will likely consist of the exact date for the roll-out, which is expected to take place within some months. Bitcoin sees growth in usage in developing countries According to Quartz, the usage of Bitcoin in developing countries skyrocketed last year, based on data from Chainalysis. Bitcoin is mainly used for remittance payments as it is significantly cheaper and faster compared to services like Western Union and MoneyGram traditionally used. It is especially Nigerians who are using Bitcoin to make payments into the country. This is happening to such an extent that the Nigerian central bank is now paying citizens to use official channels for payments. The surge in Bitcoin transactions also occurred in other emerging markets last year like Latin America, India, and Southeast Asia. However, the problem with Bitcoin for this purpose is the extreme volatility . As a result, it is likely just a matter of time until citizens in emerging markets adopt stablecoins, especially for remittance payments.
BITFINEX:ETHUSD
by thunderpips
4