ETH-USD
ETH/USD Signal to open Short positionGreetings!
Ethereum / U.S. Dollar
Ethereum approached its weekly and monthly resistance lines, but could not break them. In my opinion, the price will fall to the support level, but first it must break the important support point of 430.
chart is speaking it self!!
Resistance level :468 to 489
Support level :415 to 389
NOTE:Manage your leverage in futures trading
Remember that Trend is our friend and we have to hold his hand and go with it.
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$ETH/USD Ready to soar, expect to rise!Regarding ETH, we have shown an analysis that it will rise for some time, but expectations for a further rise are rising here.
First, about the convergence of each moving average line. Trends occur from the convergence of the moving average to the diffusion, and this is exactly the point.
In addition, since it is firmly supported by 20MA recently, it is easy to assume a scenario in which the moving average line spreads as it rises and an upward trend occurs.
Regarding the strategy, I would like to divide the entry from the current price ($405).
The loss cut point is set near $375 where the convergence of each moving average line and the consciousness line overlap, and if it is returned to this point, an additional entry will be made.
The profit target is $ 480, which is the latest high. There is a possibility of a backlash here, so I would like to carefully consider the profitability.
If it rebounds at $ 480, it will form an ascending triangle with the uptrend line that will continue from March 2020 and the $ 480 line, and further rise is expected.
Since Bitcoin is raising ahead, I would like to build a strategy centered on long rather than short.
💡ETHUSDT Second Chance: Profit=40% SL=7.5% Reward/Risk > 5.3:1Second Chance Trade Setup summary:
Profit targets=40% = {TP3= 4% + TP4= 12% + TP5= 24%}
Stop Loss =7.5%
Reward/Risk > 5.3:1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (394.10) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP4= @ 444.50
TP5= @ 489.00
SL= Break below 383.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 50%
Closed trade(s): 22% Profit
Open trade(s): 28% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 367.00 based on 'previous Forecast' at 10.20.2020 :
Closed Profit:
TP1 @ 383.50 touched at 10.21.2020 with 4% Profit.
TP2 @ 394.10 touched at 10.21.2020 with 7% Profit.
TP3 @ 408.80 touched at 10.22.2020 with 11% Profit.
4% + 7% + 11% = 22%
Open Profit:
Open trade is 418.00(current price) - 367.00(open price) = 14%
2 trade(s) still open, therefore total profit for open trade(s) is 14% x 2 = 28%
Technical analysis:
. ETHUSDT is in an 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 76.
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💡ETHUSDT Second Chance: Profit=40% SL=7.5% Reward/Risk > 5.3:1Second Chance Trade Setup summary:
Profit targets=40% = {TP3= 4% + TP4= 12% + TP5= 24%}
Stop Loss =7.5%
Reward/Risk > 5.3:1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (394.10) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP4= @ 444.50
TP5= @ 489.00
SL= Break below 383.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 50%
Closed trade(s): 22% Profit
Open trade(s): 28% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 367.00 based on 'previous Forecast' at 10.20.2020 :
Closed Profit:
TP1 @ 383.50 touched at 10.21.2020 with 4% Profit.
TP2 @ 394.10 touched at 10.21.2020 with 7% Profit.
TP3 @ 408.80 touched at 10.22.2020 with 11% Profit.
4% + 7% + 11% = 22%
Open Profit:
Open trade is 418.00(current price) - 367.00(open price) = 14%
2 trade(s) still open, therefore total profit for open trade(s) is 14% x 2 = 28%
Technical analysis:
. ETHUSDT is in an 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 76.
❤️ 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 ❤️
ETHUSD on a rising trend, more bounce !
ETHUSD on a rising trend, more bounce ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
ETHUSD on a rising trend, more bounce ! ETHUSD on a rising trend, more bounce ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
ETH/USD In the ascending triangle . Ascending Triangle AnalysisHi every one
chart is speaking it self .
As you can see, this is an ascending triangle , this pattern can be a good thing and increase the price.
Remember that Trend is our friend and we have to hold his hand and go with it.
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea . please support us
Good luck.
ETH/USD Weekly Forecast (19th October - 23th October)ETH/USD 4h chart. The price is at the bottom of the wedge pattern, its a great Risk-Reward trade for the week. Take profit around $400, at a strong resistance. Also, $400 is a psychological level as well, so I wouldn’t put the target price above this week.
$ETH/USD Fall Alert?? Most recent alert point.ETH is weak. Today I will explain the latest market price using 4 hour chart.
ETH, which seemed likely to rise as it broke through the parallel channel of the decline on September 27 and formed a double bottom, Contrary to market expectations, weak development continues.
Currently, it is in a state of resistance to short-term, medium-term, and long-term MA, and the development is even heavier.
The highlight of ETH is the pink uptrend line. This line has not been broken since the corona shock, and attention is focused on whether it can be protected.
Given the latest weakness, it broke below and plunged to the $ 240 line. Is it a situation that must be considered?
Keep an eye on this week's price movements, including Bitcoin. I want to manage risk firmly.
$ETH/USD Expects an uptrend from here!Today, I will explain on a daily basis of ETH.
Since the beginning of August, ETH has been repeatedly supporting and resisting on the $ 376 line, and it has been on a downtrend while forming a parallel channel of decline in the short term without giving a sense of medium-term direction. However, the price movement from last week has surpassed this parallel channel, and I feel the strength of the latest momentum.
In the market that gradually raises the low price while raising it, it is difficult for shorts to get out, the consciousness line such as the resistance line does not work, and the trend often continues, but if it continues as it is, today, tomorrow will challenge the $ 376 break.
From there, the game of ETH.
Even if it breaks through $ 376, the strong consciousness line will continue at $ 407 and $ 440, but it is thought that the bottom price has solidified due to the double bottom and the downtrend line, and the future rise may be stronger than before.
How far can we rise toward the end of 2020?
With Ethereum 2.0 ahead, future price increases are expected.
Ethereum Price Predictions 2023 – 2025Ethereum is trading within a long-term bullish pitchfork channel, where each peak and trough lines up with each segment of the pitchfork tool. This can be used for long-term price projections in assets that don’t have much price history, however, there is certainly some guesswork involved. Theoretically, based on past cycles and the pitchfork channel, a new all-time high could reach as high as $50,000 in 2025 and even more beyond.
Based on Fibonacci extensions alone, additional short-, medium-, and long-term price targets can be found. Using math alone, Fib ratios point to prices of $5700, $5100, $3700, $2200, and $1700 for possible new price records.
Year Potential High Potential Low
2020 $1,155 $50
2021 $4,000 $425
2022 $9,000 $1,440
2023 – 2025 $50,000 $3,500
ETH/USD Divergence Spread Trade With BTC/USD!Hello Fellow Trader!
These types of trades have two scenarios.
1. Is BTC/USD over price and going to find the median with ETH
2. Is ETH/USD undervalued and going to appreciate with BTC
With the way the current structure is forming, the view is ETH is undervalued in this case and upside is higher probable.
Key Points:
- Caution - Price holding below the 200 EMA
- Caution - Price holding below the 50 EMA
- Would be great to see price reclaim 200 EMA, but the reward to risk ratio will be compromised.
- 50% Fibonacci support level at 359 support
- Divergence in the RSI at lower lows on price
Key Levels:
Support – 359, 350
Resistance – 50 EMA, 200 EMA, 390, 415
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 359
Supporting Entry – 365
Candle Reversals for entry
- Bullish Hammer
- Bullish Engulfing
- Bullish Piercing
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks below 350 level– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry 359 – Target 1 390= 3x Reward to Risk
Optimal Entry 359 – Target 2 415= 5x Reward to Risk
Supporting Entry 365– Target 1 390= 1.3x Reward to Risk
Supporting Entry 365– Target 2 415= 2.7x Reward to Risk
ETHUSD - Looking for a Corrective RetracementTF: 8 Hr
Possible H and S formation on the 8 hr TF. This has formed after a strong rally, and price may due for a corrective pullback. I think a retracement to the .318 looks like it may be a good area to look for longs.
This retraement area offers a few bullish confluences:
1. Area aligns with with a former broke resistance zone;
2. The 0.382 corrective retracement area is also located here
3.Aligns with a new bullish trend line
Dollar weakness looks like it may continue for the longer-term which will drive cryptos upwards. The DXY (dollar index) looks very oversold and may need to correct a bit more up which would allow ETHUSD to retrace.