Ethshort
ETH Sell into the daily 20 EMA.Ethereum - Intraday - We look to Sell at 2935 (stop at 2983)
2981 has been pivotal.
Our short term bias remains negative.
Preferred trade is to sell into rallies.
20 1day EMA is at 2935.
Our profit targets will be 2812 and 2772
Resistance: 2850 / 2900 / 2980
Support: 2800 / 2760 / 2720
Ethereum sell a break of $2800.Ethereum - Intraday - We look to Sell at 2788 (stop at 2831)
Daily signals are mildly bearish.
Short term momentum is bearish.
A break of bespoke support at 2800, and the move lower is already underway.
Our profit targets will be 2672 and 2632
Resistance: 2880 / 2950 / 3030
Support: 2800 / 2760 / 2700
#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this #ETH/USDT 1DAY chart update by CRYPTOSANDERS.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS: -
ETH/USDT currently trading inside the triangle pattern and on the support zone.
There is a high chance to bounce from this strong support zone all the way to 175%.
You can take entry here on the support zone with a SPOT and LOW leverage of 2x to 5x.
If it breaks down the support zone then close your position or use stop loss for safe trading.
long term hold and good profit 😉🙂😊✈️✈️
Q:-What do you think about this?
Do you think we will see a new ATH of ETH/USDT in the next quarter?
Share your views in the comment section.
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.
Happy trading.
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.
ETH Sell a break setup.Ethereum - Intraday - We look to Sell a break of 2976 (stop at 3024)
Short term bias is mildly bearish.
2977 has been pivotal.
A break of bespoke support at 2980, and the move lower is already underway.
Our profit targets will be 2851 and 2801
Resistance: 3080 / 3150 / 3200
Support: 2980 / 2950 / 2900
Economic Bubbles and EMA 100/200Here is an ETH analysis of the current price drop, and based on the Theory of Financial Bubbles can we spot three bubble ish formations in the past years.
The three points in time this analysis sees are the bubbles in 2018 when the price drop followed by a pump to the upside, not as high as the previous high but this was followed by a drastic drop
The market followed the economic bubble theory with a peak which followed by a price drop, by the time the price started to stabilize itself did investors take profit and the price crashed into a panic sell off.
The second point in time this happened was the start of the Covid pandemic which caused the price to follow this same movement to its low.
Now in 2022 can we see this similar movement where the price has started to drop which will continue downwards and after this initial downtrend will the price pump slightly upwards where investors take profit and after this pump will the price crash. Following the Financial Bubble Theory.
Something we trader also need to take into account which may confirm this analysis is the movement in in EMA 100 which during these three points in time crossed down below the EMA 200.
Entry Price: 3200 USD
Target Price 1: 2500 USD
Target Price 2: 2100 USD
Target Price 3: 1700 USD
When taking this position do we need to focus on the initial drop and when the price pumps upwards do need to take into account for the downwards sloping resistance line, if the price breaks the trend line to the upside is the trend likely to reverse and do a final longer push.
This assumption is less likely to happen, as the general price trend is a take profit zone before the price hits the panic zone and its final drop off.
This is not financial advice.
$ETH Short Scalp Set Up 15M Time Frame Update The head and shoulder formation played out just as I expected. Congrats to those who entered this short while many others longed.
$ETH has gone down around 4% confirming the head and shoulder pattern I managed to catch before the quick dump.
With the market still looking bullish, we could potentially see the price action move down a little more, even bouncing from the 0.5 - 0.618 Fib retracement levels.