🔥 Ethereum Horizontal ChannelETH has been forming a horizontal channel on the H1 chart. It saw a false break-out on the 12th, which lead to the price coming back to trade within the channel.
After this morning's BTC fall, ETH touched the lower support of the channel, which held. It appears that ETH is going for the top resistance level again. Either of two things can happen, ETH breaks out of the channel and continues its way toward $1950-$2000, or we fall back towards the support of the channel around $1750.
Happy trading!
Eth-usdt
ETH/USDT - new targets after the correction cycleHello, Traders!
Having entered an uptrend, ETH has gone into a correction.
At the moment, trades are held in between $1,440 and $1,868, between the buyers' zone of interest at $1,302 to $1,440 and the sellers' zone of interest at $1,868 to $2020.
The situation on the world markets looks shaky, which provokes more and more traders to work from sales.
This situation was repeatedly played out by market makers during the bull rally. Thus, they pushed the price up and provoked the players to close the short positions at a loss, which in turn gave a new impetus for the price growth.
Based on this we can try to connect to the buy positions in the range of 1488-1578$.
The Stop Loss can be placed under the lower border of the buyers' area of interest - the level of 1302$.
The targets would be price levels of
$ 1670
$ 1868
$ 2018
Good luck and watch out for the market!
P.S. This analysis is created for educational purposes only - measure your risks, while trading crypto currencies
🔥 Ethereum Inverse Head & Shoulder PatternEthereum has produced a head & shoulders pattern on the H1 chart. Albeit not a perfect one, we can still trade this pattern. Since the price has already surpassed the local high of the current 'shoulder' I've set the entry price at $1600.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
ETHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
As you can see in the chart we feel that Ethereum has made the head-and-shoulder pattern. We predict that if it is able to break TP1, it will achieve higher prices.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
ETHUSDTHello to you all. Mars Signals team wishes you high profits at all times.
As you can see, the price is moving inside a bearish channel. It is now touching its first support.
If the price gets rejected from the support line and bounces up, it will go up to it’s resistances as shown by the arrow.
But if it does not have enough power, it will break below the channel and move toward its support two or even further down.
Of course all of these depend on Bitcoin’s price. These situations could happen if Bitcoin calms down.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 ETC/USDT Strong Price ActionETC has gaining strength when a lot of other coins have been losing value over the last couple of hours. Since ETC saw little gains compared to most other crypto's, I think it has a lot of upside potential compared to many other crypto's.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
🔥 Ethereum's New All time High: Part 2In my previous Ethereum post I mentioned that, after the wedge break out, $1700 would be the next important resistance. After hitting $1700 a couple of days ago, it seems that the price has been showing some signs of consolidation, ranging from $1650 to $1750.
The reason for this consolidation is the fact that a lot of investors are flocking to Bitcoin now. The price of BTC has been increasing rapidly, which in turn leads to a higher Bitcoin Dominance. An increasing Bitcoin Dominance is always bad for other crypto's.
However, I still believe that we're going to see a $2000 price for Ethereum soon. Compared to Bitcoin it has a lot more to gain. Therefore, my main target for Ethereum in the near future is $2000. Assuming Bitcoin won't crash anytime soon, we could see it happen in the next couple of weeks.
Happy trading!