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Ethereumusd

The ETH might break this channel, so pay close attention 😲😲There is some uncertainty on the Ethereum chart, locally you can see that the ETH is trading in a channel along the lower boundary, as the price rises we can also see the volume decrease, which is not a good signal, if the price breaks this channel and tests it as a resistance, it might be a good opportunity to go short with the targets noted below. Write in the comments all your questions and instrument 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
by Yuriy_Bishko
16
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
Ethereum - Is going to reach value area??? 😯🧨Hello friends. Ethereum rebounded from $1,730 support level, the volume increased, it means that stop losses were collected and the price got liquidity to buy. There is a value area on the chart above, as well as a key resistance level of $2250, below is the support level of $1730, now price is moving near the local trend line to the resistance level. I expect that price may go up to the value area and already there I will look for entry points into the position. Be careful and set stop losses! Write in the comments all your questions and instrument 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
by Yuriy_Bishko
8
ETH - I'm waiting for correction and building new trendline 🤨Right now I don't see a clear situation for traders. At the moment ATR is over 100%, the correction has already started and we are going to go to the first and second area, after that, I will wait for the trend line creation, the break-up, and the retest of this line, and this moment can be a good point to enter the position. Write in the comments all your questions and instrument 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
by Yuriy_Bishko
15
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
Ethereum pullback to 2K??!Ethereum looks like we are going to see a pullback to 2K before we start moving back up again. We saw a break of the 0.5 FIB level and our next major support is just over 2K. We see the MACD has been very jagged recently with multiple bullish and bearish crosses and now we are just seeing the start of another bearish cross. It seems like ETH wants to start moving up but is being held down by BTC just like most of the market. very rare to see a 2 green bar cycle on the macd histogram that's why i think we are being held down. Also something very crucial to watch is that bottom bollinger band we are creeping closer and closer to that bottom band and if we do start riding it we could be in for a significant pullback maybe even lower than 2K. But i personally will see this as a great buying opportunity and will look to grab some more. And we all know the strength of ETH we have already witnessed it earlier in this cycle! Now the RSI does seem to be getting stuck below that 50. point midline and we keep seeing bounces off of it and i wouldn't be surprised if we see another. Remember only when we see a full break above this level and a confirmed hold will ETH be considered in a uptrend. So as we continue like this just like 99.9% of the market we are in a confirmed downtrend and or a mini bear market. I dont think this bullrun is over at all i believe we are just seeing a cooldown with big institutional money flowing into these projects but thats just my opinion! Not financial advice!
BITSTAMP:ETHUSDShort
by JacobR905
1