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#ETH/USDT DAILY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. ETH/USDT Daily Chart Update !! The bears defended the overhead resistance at $1700 (in red) and stopped the recent vertical rally in a daily timeframe. This caused the price to sink below the horizontal support at $1,420, which overlapped with the 0.5 Fibonacci level at the time of writing. The following support ranges between $1280-$1320 (in green). It is crucial that the bulls can hold the price above this range. If ETH closes below it, the momentum will tilt in favor of the bears, and the cryptocurrency could miss a significant chance to advance before the Merge event. On the other hand, if it bounces from the support level, it could be the case that when the 100-day moving average line (in white) reaches the resistance zone, the bulls will try their chance to clear this hurdle. If it happens, this could open the doors for a rally to $2000. Relative Strength Index (RSI) 14d: this index is approaching the midpoint. It suggests the balance between supply and demand. Nevertheless, the RSI indicator has formed a descending resistance trendline, and the next bull run won’t be anticipated unless the mentioned threshold gets broken. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
by CryptoSanders9563
ETH rebounds after the last correction!Hello everyone, let's take a look at the 4H ETH to USDT chart as you can see the price is moving in the uptrend channel. Let's start by setting goals for the near future that we can consider: T1 - $ 1,679 T2 - $ 1,898 and T3 - $ 2,175 Now let's move on to the stop loss in case of further market declines: SL1 - $ 1,478 SL2 - $ 1,366 SL3 - $ 1272 SL4 - $ 1178 and SL5 - $ 1,049 Looking at the CHOP indicator, we can see that in the 4H range, the energy we recovered was used for growth, while the MACD indicator clearly confirmed the change in the local trend.
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by cryptodailyuk
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ETHUSDT: Full Medium-term Waves CountI updated plan of the wave levels for ETH. In general, as before, I expect the price decrease within the wave 5 of wave C(of ABC pattern in medium-term wave 4). Locally, the price is probably still in a correction, after which we can expect a renewal of the high, which can be broken by the market-maker on stop-losses for shorts. I also plan to open a short position at the end of the upward move. I had to close the previous short position at breakeven level, because the price did not confirm the downside dynamics. Best Regards, CEO Tornado Capital
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by HurricaneCapital
#ETH/USDT 1HOUR UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks Friends. ETH/USDT Update! As we can see ETH is bouncing off ETH 50MA on 1 hour chart, if position is holding then don't panic if ETH breaks 50MA below 50MA and $1550 Remember:- This is not a financial advice. All investments made by me are at my own risk and I am held responsible for my profits and losses. So, do your own research before investing in this trade. Thank you for your time, we hope that our work is good for you, and you are satisfied, we wish you a good day and big profits. Thanks.
by CryptoSanders9563
ETHUSDT: Elliott Waves Intraday TradingHello everyone! The price of Ethereum rose within my expectations in wave 5 of wave C; and the big wave 4 is coming to its conclusion. Already now you can get ready to look for good entry points into a short position; for example, on the price breakdown of the local trend support. It is possible that in the next month Ethereum price will update the historical minimum and once again disappoint the cryptocurrency community, which is already fully confident in the price reversal. P.S. Vitalik Buterin will probably not sleep well very soon) The continuation of growth can be considered only with the formation of a corrective trend continuation pattern in the price range of $1600-$1300. Best Regards, CEO Tornado Capital
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by HurricaneCapital
2
#ETH/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. ETH/USDT Update! As we can see from the above chart that ETH performed well as per my previous chart, it was able to gain 9% from the lower green support level. In the current scenario, ETH is highly likely to move higher toward the price level of $1780. Here the Black MA is also reacting as a strong support area. Rejection from this level will result in a decline towards the lower support level of $1300. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
1
#ETH/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. ETH/USDT UPDATE! As we can see from the above-mentioned chart that ETH performed well according to my previous chart it was able to gain 58% from the bottom green support level. In the current scenario, ETH retested the upper trend line which has become strong support after a breakout of 35 days long resistance and it’s highly likely to gain above side towards the price level of $1780. Here black MA also reacting as a strong support zone. Rejection from this level will result in a fall down towards the lower support level of $1300. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
ETH to 550 soon, then 20k next bull runReason - ECB start hike -> bullish for EUR FED start hike for another year -> bullish for USD Inflation highest in history- when this happened a recession follows Chinese are banned from crypto transactions since December 2021 (exchanges not allowed to host Chinese users), drop in volume Mt. Gox Bitcoin release since August 150k Large Bitcoin wallet sending 10000+ Bitcoin to decentralized exchanges Retail traders are completely destroyed and severely in debt; who will pump the market Institutions who are responsible for the this bubble are liquidated ETHBTC rejection Altcoins fell while Bitcoin kept going RSI is almost as high as BTC 48k! Bearish ascending wedge Strong resistance at 25-28k, no reason for institions to purchase straight into resistance with poor macroeconomic environment Some important figures in crypto speak bullish but their wallets show sell off
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by Heartskull
5
ETHUSDT: Elliott Waves Intraday TradingETH price continues to rise within the ascending momentum of wave C. Locally, a correction may form in wave 4, after which the price may continue to rise to complete the big ABC correction pattern in ascending wave 4. As before, I plan to sell after the completion of local wave 5, after the formation of a false breakdown of the trend line. I consider opening a long position only in case a bullish pattern of the current trend continuation is formed. Best Regards, CEO Tornado Capital
by HurricaneCapital
4
ETH Hit Our Long Target! Will it Dump?So our TA has been playing out perfectly over the past month. In my last idea, I posted about ETH having a pullback to the 1270 area before retesting 1430 for a possible double top. We only pulled back to the 1316 level but still hit my target of 1430 shortly afterwards. Now we're at a crossroads where there's two scenarios: 1. We either double top here at 1430 and retest the micro support of 1365 (pink line) or the major support near 1270 before finally breaking out past 1430 and testing the 200 EMA near 1525. 2. We continue upwards and test the 1525 level immediately and reject to the 1430 level before breaking upwards and through the 200 EMA into bullish territory. Right now I'm leaning towards the first option for a few reasons. We have bearish divergence forming on the Stoch RSI (which is also overbought), while the RSI is overbought as well. Now this doesn't mean we can't go higher, it just means these may need to reset a little before having the strength to push through this major resistance in order to effectively test the 200 EMA. With that said, I'm still in half of my long position from 1165 but I took a hedge at 1435 and plan to take half profit at 1365 and another half at 1270 if we get there. If you enjoyed my TA or had any questions about the indicators used, please leave a comment or send me a DM :)
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by CryptoScripts
ETHEREUM/USDT 4HOUR UPDATE!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. ETH/USDT UPDATE! In the current scenario, ETH is currently holding well as a green support area, the longer it holds this level, the more likely it is to bounce back. The MACD also printed a bullish cross-over with slightly lighter red bars, which is indicating a trend reversal from bears to a bullish pattern. The candle will trigger a bullish pattern towards the $1270 price level if it closes above the $1110 price level. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
3
#ETH/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. #ETH/USDT UPDATE ! As we can see from the above-mentioned chart that ETH broke above the triangle patterns and moved upside till the strongest resistance zone for now. As ETH was unable to break above the resistance level and got rejected again, it fell down again at the lower support zone. Here ETH holding the present support level very well. A bounce and re-gain are highly likely in upcoming hours towards the upper trend line resistance. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits. THANK YOU.
by CryptoSanders9563
ETH IN A LOCAL DOWNTREND Hello everyone, let's take a look at the ETH to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 1211, if the support breaks down, the next support is $ 1170 and $ 1137. Now let's move from the resistance line as you can see the first resistance is $ 1225, if you can break it the next resistance will be $ 1235, $ 1245, $ 1259 and $ 1277. Looking at the CHOP indicator, we can see that in the 4-hour interval we are recovering energy, while the MACD indicator shows a local downward trend.
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by cryptodailyuk