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Ethlong

This. Is Actually Bullish. But First. One More Liquidation? Traders, I'm seeing this on the Bitcoin chart as well (future post). But here on Ethereum we are in a bullish descending wedge. It should break to the upside soon. However, careful going all in just yet. My spiny senses are telling me we could have one more liquidation of longs incoming before all lights are green. Our .618 fib level seems to be holding well so, this might look like a quick wick down during the course of the day touching that bottom part of the descending triangle or even possibly the 200 day sma. Get ready to pull the trigger on those buy orders if that happens or even if it doesn't. Stew
COINBASE:ETHUSDLong
by stewdamus
2
#ETH/USDT#ETH The price is moving in a bearish channel on the 12-hour frame and is sticking to it well There has been a good bounce from the lower channel limit. Some minor correction is expected before completing the rise We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise Entry price is 3100 The first target is 3400 Second target 3670 Third goal 3990
Long
by CryptoAnalystSignal
1
ETHUSD Investment Plan - 05/May/2024Hello Traders, Hope you all are doing good!! I expect ETHUSD to go Up after completing this correction. Look for your BUY setups around the marked zone. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
COINBASE:ETHUSDLong
by For3xScalper
#ETH/USDT Bullish above this MA...#ETHUSDT appears to be forming a bull flag pattern. A bullish signal will confirm if we see a close above the blue 75 EMA and a breakout from the flag. Until then, consider this a retest of the dotted trendline. Let's wait for the weekly candle to close for more clarity, as the 75 EMA has proven quite reliable on the daily chart! NFA, DYOR! Please hit the like button as it helps me and my team to stay motivated and keep posting such important updates for free. Thank you PEACE
by Cryptorphic
ETHUSD at a Crossroads: Long or Hold on Ethereum?`The Ethereum (ETH) price action against the US Dollar (USD) presents an interesting conundrum for traders. Recent price movements suggest a potential turning point, and the decision of whether to long (buy) or hold ETHUSD hinges on several key factors. Prior High as Support: A Bullish Signal? The current price of ETHUSD sits above a crucial support level – the prior high of around $2,915. This level acted as a resistance barrier in the past, but if breached and held as support, it can indicate a bullish reversal. In technical analysis, support levels are areas where buyers are likely to step in and prevent further price declines. A successful retest of this level strengthens the support and can signal a potential price upswing. The 200-Day SMA: A Long-Term Trend Indicator Another significant factor to consider is the 200-day Simple Moving Average (SMA). The 200-day SMA acts as a line of demarcation between a long-term uptrend and a downtrend. Currently, the 200-day SMA for ETHUSD sits around $3,100. If the price can break above this level and sustain it, it can be interpreted as a bullish sign, indicating a potential shift in the long-term trend. Deciding to Long or Hold: Weighing the Evidence While the prior high and the 200-day SMA suggest potential bullishness, there are reasons to be cautious before going long on ETHUSD. Here's a breakdown of the factors to consider: • Market Volatility: The cryptocurrency market is notoriously volatile. Recent price swings highlight this, making it challenging to predict future movements with certainty. • Macroeconomic Factors: Broader economic factors, such as interest rate hikes and inflation, can significantly impact the cryptocurrency market. Keeping an eye on these developments is crucial before making any trading decisions. • Technical Analysis: While the prior high and 200-day SMA offer insights, they shouldn't be the sole indicators. Utilize other technical indicators like Relative Strength Index (RSI) and Stochastic Oscillator to gauge price momentum and potential overbought or oversold conditions. Holding vs. Longing: A Strategic Approach Given the current market uncertainty, holding ETHUSD might be a more conservative approach. This allows you to observe how the price reacts around the support level and the 200-day SMA. Here are some additional considerations: • Dollar-Cost Averaging (DCA): DCA involves buying ETHUSD at regular intervals, regardless of the price. This strategy can help average out the cost per unit over time and potentially mitigate the risk associated with buying at a peak. • Stop-Loss Orders: Implementing stop-loss orders can help manage risk. A stop-loss order automatically sells your ETHUSD holdings if the price falls below a predefined level, limiting potential losses. Conclusion: Stay Informed and Adapt The decision to long or hold ETHUSD depends on your individual risk tolerance and trading strategy. By closely monitoring the price action around the prior high and the 200-day SMA, alongside broader market factors and technical indicators, you can make an informed decision. Remember, the cryptocurrency market is dynamic, so staying updated on news and adapting your strategy accordingly is crucial for success.
COINBASE:ETHUSDLong
by bryandowningqln
ETH target 4700 (perp)4h time frame - TP: $4616~$4890 SL: $2575 - ETH is creating a potential wedge structure, that hasn't been confirmed yet. A standard structure is made of 6 six touching points at least, it's not completed due to lack of one more point on the wedge top. Also, there are two paths if we consider it as a continuation patter, first is the green one, that leave $2817 as the last low and keep going up, second is the red path, which make another low to build a robust bottom before pumping. No matter what scenarios, they can reclaim $4800 in future if sustain continuation of the bull trend since $2171.
Long
by EthanTW