ETHUSD - Bull Faith Update 2 Using this channel indicator a clear comparison can be made between the two periods, forming a kind of a H&S pattern with the channel itself
The ending of the pattern includes a steep fall which we have just experienced on ETH
The reversal will be sharp if this is the bottom as it was in the first scenario
Above is the bull faith 1 analysis
Ethereumlong
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 1271 (stop at 1219)
Short term momentum is bullish.
We are trading at oversold extremes.
A higher correction is expected.
We look for a temporary move higher.
Our profit targets will be 1396 and 1436
Resistance: 1280 / 1400 / 1500
Support: 1170 / 1100 / 1050
ETH: A break and we are off?!Ethereum
Intraday - We look to Buy a break of 1181 (stop at 1139)
A break of the recent high at 1174 should result in a further move higher. 50 4hour EMA is at 1175. Short term momentum is bullish.
Our profit targets will be 1288 and 1318
Resistance: 1170 / 1200 / 1250
Support: 1100 / 1050 / 1000
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ETHUSD Trend AnalysisAccumulate around 600-800 levels for a potential target of around 7500-8300 in long term.
You can either exit or keep averaging if it falls below the mentioned levels.
Even though the probability is high but nothing is guaranteed in cryptoverse, so do proper risk management.
Peace!!
ETHUSD - Bull Faith UpdateEthereum has undergone some extreme downsides in the past weeks
I'm comparing in this analysis these downsides to a previous price structure on ETH, they are similar just on a little bit different scale
Both are broadening wedges, and have shown to form as the 200MA is curling down
Will we see another up wave like was seen in 2017? Will it be comparable in future?
Ethereum- Relief rally probable nextNot even a month ago (in fact 3 weeks) I said that 2k should provide strong resistance for EthUsd and traders should sell rallies in that zone. Since then Eth has dropped hard, losing almost 50% of its value, which is a lot even for the crypto market.
On Tuesday EthUsd dropped towards 1k and reversed and, again, yesterday it had a new attempt to drop under 1k and failed, leaving a long-tailed bullish Pin Bar on our chart.
This sequence of reversals from around 1k gives me the idea that bulls are strong here and a reversal could follow soon.
My strategy is to buy dips against 1k and as for target, around 1.5 can be a good idea.
ETHUSD - RSI AnalysisAn idea for ETHUSD
I expect the next bottom to form along the 200MA, which correlates well with the 200MA (green)
Areas in yellow are strong bullish entry points
The bottom point falls along these diagonal downtrend lines as does the top point
There seems also with the current top formation to be a large divergence on the RSI
ETHUSD Daily Updated Thoughts 5/23/22Price has almost reached the 2.618 level of a major Fibonacci circle area
As price reaches this level within the apparent downtrend, a breakdown may ensue vertically along the blue circle
After this event a prompt recover will follow, and this is when I believe the bulls will return in force.
Trend line drawn horizontally against 2.618 shows a double bottom formation which further emphasizes a bull rejection
Other patterns on the chart include a Rising Wedge which shows a clear top point
Price (bars pattern) placed around the 2.618 area are just estimations, the main takeaway is a recovery at 2.618.
Daily chart
I am long Ethereum
ETHEREUM TRADE SETUPHey guys, ETH in a lower timeframe is breaking out of the triangle pattern. If this is a real deal then we will see ETH reaching up to $2.4k to $2.5k.
The accumulation level will be $1950 to $2050.
Target $2400 to $2500 (20%).
Stop Loss: $1850.
I am buying ETH in spot also in leverage but with a minimal investment.