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Ethbuy

ETH → Mad Dash to $2,500? Or Rejected to $1,800? Let's Answer.Ethereum is at a crucial moment in its journey to break the $2,100 resistance area. We're currently in an ascending triangle, a bullish pattern, knocking on the resistance zone door. Will it break through? How do we trade this? If you are not in a trade right now, do not enter one. We should not be longing resistance nor should we be shorting without a sell signal and confirmation. Wait for a break of resistance followed by a test of resistance as support to long. To short, we need a clear sell signal bar and confirmation candle closing on or near its low. Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit. Trade Idea Long Entry : $2,250 Stop Loss: $2,127.50 Take Profit: $2,495 Risk/Reward Ratio: 1:2 Key Takeaways 1. Ascending Triangle, Bullish Signal! 2. Strong Support on Daily 30EMA. 3. At Resistance Zone, Do Not Long Here! 4. RSI above Moving Average and around 60.00. Bias to Long. 5. Use caution, watch for a reversal signal! You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
INDEX:ETHUSDLong
by TraderEngineering
2
ETH - BullishAccording to the market behaviour, ETH has been rising sharply on the one hour, five hours, daily, weekly, and monthly charts. Technical analysis indicates that the next target will $2280, and if it crosses that level and closes above successfully, the next target for the market will be $2500. Italian Translation: Secondo il comportamento del mercato, ETH è in forte aumento sui grafici di un’ora, cinque ore, giornalieri, settimanali e mensili. L’analisi tecnica indica che il prossimo obiettivo sarà 2.280 dollari e, se supera tale livello e chiude con successo al di sopra, il prossimo obiettivo per il mercato sarà 2.500 dollari. Germany Translation: Dem Marktverhalten zufolge ist ETH auf den Ein-Stunden-, Fünf-Stunden-, Tages-, Wochen- und Monats-Charts stark gestiegen. Die technische Analyse deutet darauf hin, dass das nächste Ziel bei 2.280 US-Dollar liegt, und wenn es dieses Niveau überschreitet und erfolgreich darüber schließt, wird das nächste Ziel für den Markt bei 2.500 US-Dollar liegen.
Long
by rehankhanani
2
ETHBTC Prices May Float to 0.076 BTCPast Performance of #ETHBTC There was an ETH price expansion early this week, but bulls were muted on May 3 and 4. However, BTC is trailing the BTC following encouraging surges on May 1 and 2. ETH bulls would likely build on the bullish engulfing bar of early this leg, setting the foundation for an expansion above April highs of around 0.076 BTC. ETHBTC Technical Analysis As per the ETHBTC technical analysis in the daily chart, ETH buyers are in the driving seat. Prices recovered from the 38.2 percent Fibonacci retracement level of the April 2022 trade range. The recovery, backed by rising trading volumes on May 1, triggered demand. There is a possibility of ETH bulls finding support in the immediate term. However, this is subject to ETH bulls rejecting any attempt for losses below 0.072 BTC. As it is, traders can load on every dip, targeting 0.076 BTC. A break below this week's low, on the other hand, may see ETHBTC crater to 0.070 BTC, the 61.8 percent Fibonacci retracement level of the same trade range. What to Expect from ETHBTC? ETH buyers have the upper hand at spot rates. Still, if there is a crypto correction, Bitcoin bulls may flow back, driving prices below the primary support at 0.072 BTC. Resistance level to watch out for: 0.076 BTC Support level to watch out for: 0.072 BTC Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
ETH USDT : Buy Trade setup @ 2597Hey Guys, hope you are doing well. Welcome to today's potential trade setup as a part of the "Aglogains - Daily Trade series". This is a short-term scalping trade. In the 15 minute time frame. We have seen a pullback to the previous short term resistance level of 2590 - 2600 levels from the recent highs of 2630 -2640 I have an entry after a double bottom was formed, followed by a bullish candle, fulfilling our entry criteria. Entry - 2597 SL - 2560 (37 points) TP - 2649 (52 points) Risk to Reward - 1 : 1.4 Will keep you posted on the progress.
Long
by Nihanth_Aglogains