ETHEREUM: HITTING THE RESISTANCE.Hello traders, Ethereum has rallied 10% so far after getting close to the support level of $1700. It's good to see the market making some greens but we need to be vigilant especially when the market turns green all of a sudden and the RSI is making a similar move (overbought) in all the charts in lower TF. As we can clearly see that ETH is reaching the resistance of $1940 to $1950. With the RSI reaching the overbought zone, it is likely possible that ETH may get rejected soon.
On the other hand, if BTC breaks out and sustains the daily close above the resistance then things may take a positive move.
Trade safely.
Ethereumusd
ETH Sell a break of $1900.Ethereum - Intraday - We look to Sell a break of 1898 (stop at 1944)
1901 has been pivotal.
Bespoke support is located at 1900.
A break of bespoke support at 1900, and the move lower is already underway.
Daily signals are bearish.
Our profit targets will be 1782 and 1752
Resistance: 2000 / 2060 / 2100
Support: 1950 / 1900 / 1800
ETHEREUM UPDATE: ALERT!!Hello traders,
Here's an update on ETH in 3 hours timeframe.
ETH has been rallying under the $1900 to $2000 range for the last couple of weeks. Could it be a high time for ETH to rally higher or will it drop down further low? Usually, after a big drop, a sideways pattern, a falling wedge pattern, or a rising wedge pattern is considered bullish or bearish depending on the favor of the market.
What I personally observed is whenever the market has made this move, it has fallen further down. The current ETH chart is close to the support line. If ETH breaks and closes below the support level then I am expecting a drop up to $1700. For a higher rally, ETH must bounce back and break above the resistance level.
As I said in my previous, it is better to wait for confirmation.
Trade safely.
ETH Ultimate Update on S/R zonesHi guys,
Any price below 2000 is a buying opportunity, but, make sure you don't run out of cash to the bottom of these support areas.
attention:
Dark red: heavy resistance
light red: weak resistance
orange: possible temporary reversal
to see how you can use the analysis, check out the previous TA on ETH.
Comment your opinion about these ideas.
ETHUSDT (24/05/2022)Posible movements for ETH???
In a few months we are going to resume the technical analysis of ethereum as well as include a lot of new analysis of structures or classic graphic models and studied by different theories.
In the coming months and for the following year we will include the most outstanding and interesting altcoins in our studies page, as well as broaden the geopolitical and energy vision and consequence with raw materials, banks and large capitalization companies.
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 Sell a Break Setup.Ethereum - Intraday - We look to Sell a break of 1974 (stop at 2023)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Broken out of the channel formation to the downside.
1976 has been pivotal.
Our profit targets will be 1851 and 1801
Resistance: 2050 / 2100 / 2150
Support: 1980 / 1950 / 1850
Jamie Gun2Head Trade: Selling Ethereum Trade Idea: Selling Ethereum on a bearish flag pattern
Reasoning: bulls struggling to regain control, a break coming?
Entry Level: 2026
Take Profit Level: 1783
Stop Loss: 2166
Risk/Reward: 2.7R
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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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ETH - will go below $1,000This weekly chart shows that the Weekly 20 EMA is about to cross below the 50 EMA, probably in the next few days this week.
So far we've hit all the targets on the weekly chart for ETH.
One more target left which takes us below $1,000 and I am expecting this to hit in the coming weeks.
At the time of writing this ETH is currently being rejected by the 1 Hour 20 EMA as well as being rejected by the 4 Hour 20 EMA.
The 1 Hour RSI is showing over bought and MACD is running out of gas and I am expecting ETH to continue the decline.
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
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.
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 2481 (stop at 2414)
Short term momentum is bullish.
Short term MACD has turned positive.
A break of the recent high at 2480 should result in a further move higher.
We are trading at oversold extremes.
Our profit targets will be 2648 and 2698
Resistance: 2480 / 2580 / 2700
Support: 2400 / 2300 / 2200
Ethereum buy the dip.Ethereum - Intraday - We look to Buy at 2321 (stop at 2244)
With signals for sentiment at oversold extremes, the dip could not be extended.
2300 has been pivotal.
We look to buy dips.
Our profit targets will be 2518 and 2578
Resistance: 2500 / 2580 / 2700
Support: 2400 / 2300 / 2160