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Ethereumdollar

Daily Eth analysis: Strong move into resistance, is it enough???***Welcome crypto community, I do daily Bitcoin / Ethereum review here, please follow, like, provide your feedback. Also if you have other chart requests please let me know*** As we concluded in the last couple of posts, it's important for Eth to cross above ~2200 resistance area. Chart and levels are pretty clear, Etherum showed a lot of strength going into resistance yesterday, but momentum has slowed down a bit since today morning, we shall see how daily closes today. Of course, it is not advisable to long into the resistance area, if we get any drop towards the 2040 area, then that's an area we can long with some stop of 1950 area or a bit lower. Happy Trading! PS: This is not financial advice, DYOR. please position your trading size
BINANCE:ETHUSD.P
by Trading_Cipher
ETH: Still bearishETHUSDT right now is still in a downtrend, and with a strong resistance above it. ETHUSDT is at the 2K resistance and to further reinforce the bearish bias: Below the Ichimoku cloud Below the 180 EMA Still in a downtrend I believe we are in a new range for ETHUSDT with the upper resistance at 2K and the lower support at 1.4K, other s/r can exist within the range. Considering the last time we were in this range it took 67 days to breakout, we need further consolidation before anything can happen on the upside. Most probably we will be hitting the 1.4K support a few times in the next coming days.
Short
by CryptoEstratega
ETH: Ready for a breakdown?ETHUSDT looks ready for a breakdown: We are above the 180 EMA, resistance-turned-support, and the Ichimoku cloud. But, we have formed a triangle, that looks ready for a break, considering the current trend is still a downtrend. The triangle will probably break down pushing us below the Ichimoku cloud, turning it into resistance. Volume has been following quite closely the moves in price, so no divergence here. I believe this last few hits against this area of support have eroded the buyer's capacity for keeping prices this high, confidence is not great and bearish sentiment might soon go into overdrive at any sign of FUD. Based on this, I'm really looking for lower ETHUSDT prices and going back into the 2K to 1.5K range for a while. ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS THE MOST IMPORTANT SKILL IN TRADING.
Short
by CryptoEstratega
5
ETH: Careful with a triangle breakdown and DUMP.ETHUSDT has significantly dropped since the ATH of may the 15th. with a 60% drop and $2650 down in only 8 days before hitting a local bottom and recovering until the current triangle was formed. This powerful downtrend seems to be stopped right now, as we form this triangle, volume keeps steady. This triangle may soon breakdown, I'm basing this bearish scenario on the following: The current trend is bearish Bearish Kumo twist has already formed ahead The rather bearish Price action of the few last days Based on this I believe this breakdown will be followed by a small bounce from the area of support that consists of previous resistance of 2K to 1.5K range, the 180 EMA, and the Ichimoku cloud. If this bounce is rather weak we will probably continue the downward pull.
Short
by CryptoEstratega
Ethereum, ETH - I expect on local correction👇🏻Preconditions: - broken local trendline - head and shoulders - pressure of key level Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade

Short
by Yuriy_Bishko
12