Ethereum-dollar
ETH/USD Update 25/06/2021What's Ether looking like today? Let's look at the chart!
I am sure most of you guys out there can already tell it is not looking good. We have quite a bit of resistance above.
Let's start with the MA first. I have displayed the 50 (purple ) and 200MA (yellow), the 50 MA is well above price action, which suggests it will likely be a resistance if we decide to go back up. Right now we are testing the 200MA, needless to say that if today's candle closes below the 200MA and tomorrow's candle does the same (confirmation candle) then the 200MA will turn into resistance. This will be a strong resistance if you ask me.
Ichimoku cloud. Nothing good coming from the cloud indicator too, i's barely visible but i can tell you both the conversion line (blue) and the base line (red) are above us as well as the actual cloud. This is not a great sign and it's just more stacked resistance above us.
The next strong support i can see is at the ~$1500 mark, we will see if and how we will get there. COINBASE:ETHUSD
Ethereum, are we still bullish?Ethereum looks short term bullish but it isn't going to last for long. We had a stop hunt above the previous high now price is trending downwards. We can see price get up to the 2444.40 level before dipping. If price gets to the 2444.40 level this will give us a head and shoulders chart pattern, a break below 2082.92( neckline) will show that price wants to continue trending downwards. price will be looking to seek liquidity below the old lows. We can see price get to 1790.92 before it picks up to continue the bullish movement.
💡Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1477).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a 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 74.
Take Profits:
TP1= @ 1590
TP2= @ 1700
TP3= @ 1800
TP4= @ 1930
TP5= @ 2141
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSDTTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1286.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 1380.60
TP2= @ 1441.00
TP3= @ 1478.00
TP4= @ 1600.00
SL= Break below S2
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ETH READY FOR LITTLE CORRECTION Hi traders, am back again with my idea,
Just the way BTC double it new time high in less than 21 days, but which ETH was unable, and the reason was because of the upgrade to ETH 2.0 which is still under testing lunch dec 1, 2020.
IDEA,
the ETH will likely fall to $700 or even below it then will hit Straight up to $1500 (NEW ATH).
if u like my idea, pls follow up for more update and give thumps up. Thanks 😊 .
💡 Don't miss the great buy opportunity in Ethereum/TetherUSTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (740.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/TetherUS ETHUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 788.0
TP2= @ 811.0
TP3= @ 842.0
TP4= @ 887.0
TP5= @ 962.0
SL= Break below S2
❤️ 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!
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ETHUSD - Repeating Pattern (Trend Based)The price of Ethereum (ETHUSD) is moving towards the previous high at 253.43 with a strong impulse.
This move is supported by increasing buy volume and a Bullish Crossover of the EMA 20 and the MA 50,
which lead to a price increase of 23.58%.
According to this idea, we can use the green zone to enter a long position with our previous high (253.43) as the first target.
____
Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Ethereum Goes for $180 Price MarkThe Ethereum (ETH) price has been rising steadily over the past five days. It dropped from a low $154.48 to a high of $174.4 on Tuesday. Also, ETH is currently trading at $172 as the bulls are halting for a while before trying the break the high of $179.32.
In addition to that, the bulls are trading over EMAs on the daily chart. However, the RSI (Relative Strength Index) is getting closer to the overextended zone.
The short-term is bullish for Ethereum as both the daily and 4-hour charts are in uptrends. But ETH’s price has been a little stagnant on the hourly chart.
The 4-hour chart has put a definite bull flag at this point. And the difficulty of proof is on the bears to display some strength. Also, the bears might need to break under $157 to change the 4-hour trend.
The bulls are eyeing at $174.45 as the nearest resistance on the 4-hour chart, then the high of 179.32 daily. After that, the hourly chart is looking choppy and indecisive with pretty long wicks. Likewise, the 2-hour chart showed some long upper wicks, but that is nothing too alarming for the bulls.
For Ethereum, the long-term seems to be in bad shape. The weekly chart is looking positive for ETH. At the same time, the bulls could break over the 5-month parallel descending channel. But until now, they haven’t changed the downtrend yet.
Aside from that, there is a struggle to remain above the 26-period EMA as they received a rejection in the past two weeks. Recently, the price is over the 26-EMA, but it will only count if the bulls can finish the week above it.
The monthly chart is recently in a downtrend, but the bulls could set an Equilibrium pattern. This pattern arises when an asset sets lower highs and higher lows.
Now, the bulls need to confirm a higher low at $116.25 by changing the weekly trend. After they confirm this higher low, they must next confirm a monthly equilibrium pattern. Though the equilibrium does not help either party, it is still better than a downtrend.
Meanwhile, a cryptocurrency mine in Butte Montana fired up its servers, continuing its business without its former owner – an alleged fraudster. Following a legal appearance on the matter, part-owner Kevin Washington and operator Rick Tabish launched up the crypto mining business CryptoWatt once again. And this pulled operation out of retirement, based on a January 27 press release.
In a report in December 2019, authorities have shut down CryptoWatt after jailing its owner, Matthew Goettsche, on a separate fraud account totaling $722 million.
Tabish stated about the re-opening of the Montana crypto mine, “If the facility shuts down, we all lose… I want to protect the integrity of the facility, and the interests of our employees, the vendors, everybody who works there.”
Furthermore, he also indicated his willingness to deliver the matter to court if needed. And Tabish also noted that the operation would die if left closed for too long.