ETH-USD
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 $538
Wicks to the down side tell me that buyers are in control keeping the price up.
If we fail to bounce off the 38 nicely I would expect us to consolidate down at the 61.8
ETH/USD
4hr
ETH/USD { FALLING WEDGE }Greetings!
Ethereum / U.S. Dollar
As you can see, a falling wedge is formed, which is not a good thing
The price can reach the support line after the wedge breaks
NOTE:Manage your leverage in futures trading .
chart is speaking it self!!
Resistance level : 492
Support level : around 430
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck.
ETH/USD Signal to open Short positionGreetings!
Ethereum / U.S. Dollar
Ethereum approached its weekly and monthly resistance lines, but could not break them. In my opinion, the price will fall to the support level, but first it must break the important support point of 430.
chart is speaking it self!!
Resistance level :468 to 489
Support level :415 to 389
NOTE:Manage your leverage in futures trading
Remember that Trend is our friend and we have to hold his hand and go with it.
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$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.