Ethereumlong
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.
Ethereum: Can we start going higher?!!Ethereum
Intraday - We look to Buy at 1933 (stop at 1717)
The downtrend seems to be slowing down. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 2449 and 2600
Resistance: 2200 / 2400 / 2600
Support: 1900/ 1700 / 1500
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Ethereum : Ready to for a breakout or breakdown weekAfter consolidating below $2000 , ethereum is getting close to another breaking point. In coming week we might see a breakout or break down . long term position entries are already taken in ethereum with last entry at 1800. The initial target I am targeting is $3000 for long term. In coming week my idea is that if the price goes down it may test the support of 1800 once again.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 2141 (stop at 2059)
We are trading at oversold extremes.
Short term momentum is bullish.
A break of the recent high at 2140 should result in a further move higher.
20 4hour EMA is at 2141.
Our profit targets will be 2347 and 2397
Resistance: 2140 / 2250 / 2400
Support: 2050 / 1950 / 1900
ETH going to $30?
My analysis On ETH/USDT
- Elliott wave in 1H/15M
- Rising Wedge
- An Ascending Triangle
First going toward $26k after achive this Pullback $23k
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ETHUSD - Head and Shoulder Formations An idea exploring a repeating or comparable Head and Shoulders formation
The white rectangle is the comparable place in price
I don't think a moon shot as big as the 2016 will follow, simply because of the age of ETH compared to 2016
Growth will resume although.