Ethtether
ETH: Approaching ResistanceTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price spiked up 25%, broke above $3,700 resistance and is approaching our near-term target of $4K. It's a bit overbought (RSI ~ 70). Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $4K to signal continuation of uptrend, with +17% upside potential to its ATH of $4,700, or 2) pull back near $3,750 key level for another swing trade entry in Uptrend with upside potential back to $4K . Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9.
Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Up.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is Overbought currently, based on RSI-14 levels (RSI > 70).
Support and Resistance : Nearest Support Zone is $3,200.00, then $2,930.00. Nearest Resistance Zone is $4,000.00, then $4,800.00.
ETH ETHEREUM >BIGGEST RUG PULL IN HISTORY< Ethereum was working just fine but the genius Vitalik Buterin thought it would be a good idea to move to POS. This has to be the dumbest move in history. For what? To save power? Are you kidding me? Do you realize how much energy is used in all those giant banking buildings around the world? Ethereum was maybe 1/1000th of the amount of energy that the banks use around the world. This had nothing to do with going green at all and now the rug is being pulled on investors. Ethereum POS (piece of sh*t) is going to crash and its going to crash fast. Today the SEC said they own all the Ethereum nodes. Also those people who have ETH staked will have a hard time getting their ETH unstaked so they can sell, so they will lose everything too while the big money is dumping on them. Ill give it maybe a month at max before all those projects on the new chain start to migrate back to the original chain that was working just fine for many years, which is now called ETHPOW. Get out while you can! This is not financial or trading advice this is just speculation and my opinion.
✳️Ethereum/USDT (7-10) #ETH $ETH #ETHUSDTAt this moment, it's not too clear for us to talk about the future of ETH because its support is very weak and this trade becomes risky.
If you are holding ETH, set a stoploss if drops below 325$. Target will be 400$ in mid October
But if ETH drops below 325$, we will wait at those levels : 290-300$ and 200-210$.
Of course, when ETH hit those levels, we will not be sure that we will buy in because the winter might come and the deepest dip might happen again!