Ethereum (ETHUSD) short.All description on chart.
Please, don't forget to like and follow.
Thank you.
ETH-USD
#ETHBTCThe price of the last three valleys has hit itself;
Support and resistance are specified,
Time limit is specified;
The price is within the pattern;
Possible Bullish Scenarios on ETHEREUM (ETH/USD)4H CHART EXPLANATION:
At this moment price is facing a support zone (previous resistance zone) that holded the price many times before breaking upwards. So, it is a nice reversal point for Ethereum, and to place a long trade it would be safe to wait for a price action confirmation such a candlestich pattern.
In case this level can not hold the price correctly, we expect another downside movement towards the lower Support Zone at 230-240 and a bounce from there.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
#ETHUSDResistance and support are specified;
The price is in the important area
The time range is specified
The price is within the pattern;
A second Chance to Buy in Ethereum...Midterm forecast:
250.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 71.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (250.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (250.00).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 12 BUY trade(s) @ 211.39 based on 'Valley' entry method at 2018.09.13.
Total Profit: 112222 pip
Closed trade(s): 15112 pip Profit
Open trade(s): 97110 pip Profit
Closed Profit:
TP1 @ 264.80 touched at 2019.05.16 with 5341 pip Profit.
TP2 @ 309.10 touched at 2019.06.22 with 9771 pip Profit.
5341 + 9771 = 15112
Open Profit:
Profit for one trade is 308.50 (current price) - 211.39 (open price) = 9711 pip
10 trade(s) still open, therefore total profit for open trade(s) is 9711 x 10 = 97110 pip
All SLs moved to Break-even point.
Take Profits:
TP3= @ 348.800
TP4= @ 393.550
TP5= @ 475.300
TP6= @ 534.700
TP7= @ 630.500
TP8= @ 822.550
TP9= @ 970.450
TP10= @ 1229.700
TP11= @ 1415.950
TP12= Free
A second Chance to Buy in Ethereum...Midterm forecast:
250.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 71.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (250.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (250.00).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 12 BUY trade(s) @ 211.39 based on 'Valley' entry method at 2018.09.13.
Total Profit: 112222 pip
Closed trade(s): 15112 pip Profit
Open trade(s): 97110 pip Profit
Closed Profit:
TP1 @ 264.80 touched at 2019.05.16 with 5341 pip Profit.
TP2 @ 309.10 touched at 2019.06.22 with 9771 pip Profit.
5341 + 9771 = 15112
Open Profit:
Profit for one trade is 308.50 (current price) - 211.39 (open price) = 9711 pip
10 trade(s) still open, therefore total profit for open trade(s) is 9711 x 10 = 97110 pip
All SLs moved to Break-even point.
Take Profits:
TP3= @ 348.800
TP4= @ 393.550
TP5= @ 475.300
TP6= @ 534.700
TP7= @ 630.500
TP8= @ 822.550
TP9= @ 970.450
TP10= @ 1229.700
TP11= @ 1415.950
TP12= Free
ETH go to 360
Ether goes to the short area, completing 2 wave
target 360
Enter after correction or buy pattern
Short movement on ETHEREUM (ETH/USD) by ThinkingAntsOk1H CHART EXPLANATION:
As we can observe, price is facing the Resistance Zone. It is inside an Ascending Channel, so, the first condition to take any short trade is that this channel is broken downwards. Once that happen, we will wait for price action confirmations like a corrective pattern or candlestick pattern to place our entry/stop loss. This is a short-term view , and it is only valid in case the channel is broken and price consolidates below. The macro vision for ETH/USD remains bullish, but first the resistance zone needs to be broken.
4H CHART:
ETH at a rising wedge and previous resitence,if we break it up like the two past one we will go to 300 or more,
but twith this wedge and resitence we could be in a good correction
ETH/USD Ethereum aiming @40% or USD $360-400 targetsETH/USD has been consolidating the past few weeks
More buyers than sellers at this point as shown by daily reversal Dojis
First target potentially at 18% gain or USD $300 per coin reaching for the upper channel
Next two targets at 40% gain from current prices or USD $360
Maximum short term target @ 23% Fibonacci level or USD $400
Buying zone at the green area if drops
Stop loss just below the green area and reaching the lower channel (unlikely)
Thanks for the likes and comments and good luck
Short trade idea on Ethereum (ETH/USD) by ThinkingAntsOk4H CHART EXPLANATION:
We observe that price is making a corrective movement, and there is a clear Head and Shoulders pattern. This is a potential short setup, but we must wait for a breakout of the neckline to confirm the trade, since the macro vision is long and this is just a short term trade.
Daily vision:
ETH mirrors BTC.. long!Similar to my BTC analysis. both good reactions from support zone
Entry 243-244
Targets 246 | 249 | 254 | 260 | 267 | 283.50
Stop loss - 231
ETHUSD - (Bearish) Rising Wedge - Bearish DivergencePrice is rising while indicators are falling! (Bearish Divergence)
Flat until breakBullish continuation. Enter 272 breakup.
Fail of continuation. Enter $260 breakdown.
Stay flat until trigger gets hit. Chop and Funding will steal your funds.
ETHUSD approaching support where a rally might occurPrice is approaching our first support (breakout level, horizontal overlap support) where we might see a further rise in price to our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
"Top and Bottom Analysis" ETHEREUM (ETH/USD) by ThinkingAntsOkLast week we posted the triangle pattern before the upside movement! Link on related ideas.
4H CHART EXPLANATION:
Price broke the triangle pattern upside, so we can expect a bullish movement towards the Resistance Zone at 360. Anyway, there may be some corrective movements on the way, so if you trade it, you should place your stop loss in a safe place to avoid the market volatility.
Updates coming soon!
MULTITIMEFRAME VISION:
-Daily:
-Weekly:
ETHUSD approaching support where a rally might occurPrice is approaching our first support (breakout level, horizontal overlap support) where we might see a further rise in price to our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
