ETHUSD CORRECTION PENDINGAfter our before analysys, we can see that eth got strenght to get new highs, but right now i see ethusd overbought inndaily timeframe and 4 hour timeframe, so for this reason i believe we can see a correction until our buy zone, possible confluence will be visible on this levels, im still bullish.
ETH-USD
ETH Smashing through key levelsETH has cleared previous resistance at the 790 level, pierced through the supply zone with ease of movement and hit a new level of resistance from 2018.
I am expecting ETH to continue to push up to higher levels.
this is a weekly chart so we can see previous levels and set targets.
ETHUSD
1 week
ETHUSD UPDATE!!!!Hi Traders,
Hope everyone is well. We're back with an update on ETH.
The flag pattern seems to be the recurring pattern. If the breakout fails we'll see a retest down to the squaring off area $709-716.
However we also need to be aware that normally we see profit taking in markets at the end of the year.
Thanks
The Market Sniper Team
💡Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (707).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 744
TP2= @ 765
TP3= @ 788
TP4= @ 830
TP5= @ 887
SL= Break below S2
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Now, It's your turn !
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💡Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (707).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 744
TP2= @ 765
TP3= @ 788
TP4= @ 830
TP5= @ 887
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 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 ❤️
ETH/USD - ASCENDING WEDGE | POTENTIAL SHORT-TERM CORRECTION?
The crypto market has undergone a vast surge in prices with no clear indication of its limit
However, Ethereum has clearly been respecting an ascending wedge on the higher timeframe
As a result, price with respect to the wedge will be observed and, upon break, a downside target has been identified, namely the 61.8 fibonacci
Calling the tops and bottoms are very difficult tasks however the respect of the ascending wedge is too strong to ignore so will therefore be used as a strong indication of future price action here
RIDING FILTHY WAVESThis is maybe my 2nd post on tradingview, but this is my take on ETH. I believe we are currently at a repeat of December 6th 2017, located in the green boxes. Once we peaked up to around $828, the same day it slammed down to a 50% retracement, and then took off. It held above 50 on RSI back in 2017 and its holding in 2020, immediately after it went up to $1400, I assume ETH will be more then double these upcoming months. Buy and hold, crypto is the new FIAT! My TA is not the best (that is why this is not financial advice just an opinion.)
ETH looking bullish! ETH had a double bottom which played out perfectly driving price to a key level of resistance.
Price was rejected but still maintaining the solid uptrend.
A bounce off the 38. on fibs should give another nice impulse back up to that key level.
a close above will take us to previous structure at around $538
Wicks to the down side tell me that buyers are in control keeping the price up.
If we fail to bounce off the 38 nicely I would expect us to consolidate down at the 61.8
ETH/USD
4hr
ETH/USD { FALLING WEDGE }Greetings!
Ethereum / U.S. Dollar
As you can see, a falling wedge is formed, which is not a good thing
The price can reach the support line after the wedge breaks
NOTE:Manage your leverage in futures trading .
chart is speaking it self!!
Resistance level : 492
Support level : around 430
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.