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ETH/BTCHello! MacD indicator shows a good buy signal on ETH / BTC! Usually, a Buy signal is considered when the MACD line (blue line in the figure) crosses the signal line (red line) upwards. A Sell signal is considered when the MACD line crosses the signal line from top to bottom. The larger the timeframe (the time period of one chart element), the less false signals will be. Thanks for attention🧡 I will be glad to be helpful to You💋 Stay connected🤗 Your Rocket Bomb🚀💣
Long
by RocketBomb
8
ETH-BTC Wedge Breakdown Eventuality Using more indicators We can see similar MACD formations between these two price points (purple ovals) Also similar price formations, with a common bounce of a MA line between the two Evidence suggests that this wedge that has formed bullishly will break down, bearishly A head and shoulders can also be identified on the RSI weekly chart ^ above idea suggests continuation, scrap that, bearish action is favored This is the wedge above that price is currently within
Long
by Bixley
6
Ethereum completing big Cypher for upto 58.5% rallyHi friends hope you are well, and welcome to the new update on Ethereum coin. On long-term weekly chart chart, After formation of BAT and Gartley patterns, the priceline of ETH with BTC pair is completing the formation of bullish Cypher pattern and soon it will be entered the potential reversal zone There are also 50 and 100 simple moving averages supports in this buying zone. This trade has a profit possibility of 58.5%, and the loss possibility is 14%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
3
ETHEREUM FALLING SOON hello traders , Welcome to my price forecast Ethereum/usd. Ethereum is moving inside upward channel. there are basically three types of channel directions, one is upward slopping channel which 80 - 90 % of the time break downside second is downward slopping channel which 80 - 90 % of the times break upside . third one is side ways which means market unable to decide the direction and we can trade inside channel with the help of price action. now what is price action ? price action is vast topic but it include candlesticks, support resistance, moving average etc so here we see in Ethereum price is in upward channel and hopefully it will break downside . our target is at support level for now . and we also see bearish divergence which confirms its upcoming fall. safe entry is after blue line break. Thanks for watching my idea , have a green day ..
COINBASE:ETHUSDShort
by laddi
ETH breakdown lingers despite the network overtaking Bitcoin in Ethereum retraces from the new record high aiming to secure support above $1,700. The formation of a rising wedge pattern hints that the correction could be extensive. Ethereum network is moving more value in Ether compared to Bitcoin blockchain with BTC. Ethereum is struggling to sustain the uptrend after rising to a new all-time high. The largest smart contract token was recently elevated above $1,800 but could not continue on the trajectory eyeing $2,000. Meanwhile, a retreat has come into the picture, whereby Ether is seeking higher support. The bulls in the market are prioritizing support above $1,700 to keep their focus on $2,000. However, short term analysis shows that bears are gaining control and fast, thus the likelihood of Ethereum diving to lower levels. The 4-hour chart brings to light the formation of a rising wedge pattern. Usually, this pattern is regarded bearish and leads to a trend reversal. Therefore, if validated, ETH may drop toward $1,600. Notably, the 50 Simple Moving Average (SMA) on the 4-hour chart is in line to provide the much-needed support and help avert the potential losses. Nonetheless, if the bearish outlook remains persistent, Ether will be forced to look for support near the 100 SMA and the 200 SMA. Similarly, the Moving Average Convergence Divergence emphasizes the growing pessimistic outlook. In other words, the least resistance path is downward until robust support is secured. It is essential to note that Ethereum has recently grown to become the most significant protocol for trustless money settlement, overtaking Bitcoin. An on-chain metric by Glassnode shows that the Ethereum network is moving more value with Ether than Bitcoin blockchain, which uses BTC. Simultaneously, Ethereum 2.0 will review the high gas fees on the network; hence the value transferred might continue to hit higher highs. Ethereum intraday levels Spot rate: $1,735 Relative change: -7 Percentage change: -0.4% Trend: Bearish Volatility: Low
COINBASE:ETHUSDShort
by CoinGape
1