ETH looking at minor pullback before shooting back upFinally Crypto good days are back.
ETH is also looking good on a 2H chart. It is moving in an upward channel and on the short term it is currently going through minor pull back.
I have highlighted the area of value which could be a good option to go LONG.
It will need to break current Resistance at 3189 before continuing its journey up.
Ethusdanalysis
ethusd shortReasons :
1)touched the support level and started to bounce back(check today's candle)
2)price action analysis(check the chart)
3)yellow ema line has started to indicate down
2nd support level will be our take profit
as you can see i decreased the number of pips in profit because we want to hit our take profit perfectly without the market bouncing back
ETHUSD Waiting for Breakout
Welcome back Traders, Investors, and Community!
Hi Traders, ETHUSD on D chart is getting close to the end of Triangle, if we get a breakout on the lower TF we can look for entries. It might go down to 1705.70 before it goes higher.
⬆️Buy at Resistance Breakout or Buy at 1705.70
⭕️SL @ 1552.87
✅TP1 @ 2410.00
✅TP2 @ 2641.49
✅TP3 @ 2910.70
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Ethereum- Is 1720-1750 zone strong support? Dream on!EthUsd has dropped again to support zone, and a lot are asking if this support is strong and if Ethereum will turn from here?
In my opinion, as in other crypto coins cases, for support to hold it would be too damn simple, and, to be honest, I expect a steep drop under.
Rallies above 1800 should be considered good opportunities for sellers and the next 1400 support could be the target
💡Don't miss the great buy opportunity in ETHUSD @ethereum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1900).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 2136
TP2= @ 2283
TP3= @ 2460
TP4= @ 2637
TP5= @ 2894
SL= Break below S2
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ETHUSD Expecting BullishOn the ETHUSD daily time frame, we can see it's now trying to break out the support level, but before that, ETHUSD must make some correction upside. We can see it already creates an ABC pattern where the C is still unfinished. So, we are going to open a Buy call here and expecting to fill the C level.
Analysis update #ETH and the best shopping areaThe Pulback that we specified in the four-hour time frame was hit and is still falling. New shopping point $1452 which is the best point, friends who do not want to buy there can also do shopping according to the chart in Pulback
In the four-hour time frame, more precise points were identified, which has a good base for price return
EthUsd could visit the recent 1750 lowIn my previous analysis, I said that 3k should provide a strong ceiling for Ethereum, and rallies towards that zone should be should.
And, indeed, we had a rebound for EthUsd. However, the rebound was weak and without conviction.
At this moment Ethereum is trading just above local support and a break here should accelerate losses and expose 2k and 1.8k furthermore.
I will remain bearish EthUsd as long as the price is under 3k
ETHUSD maybe ready to shortETHUSD, like BTCUSD, is giving me the momentum candle I was looking for, confirming bearish price action....if the candle closes in this fashion! It could confirm the sellers are still in charge, and price will likely continue bearish. The fact that it is breaking back into the triangle structure is pretty telling.
Confirmation needed! No confirmation, no trade!
Check out my BTCUSD trade analysis video.
ETHUSD Longing OpportunityETH is testing strong Daily support area.
A daily close above 1900 would open the door to the 2500 and 3000 area, and if it closes below the 1900 area our next targets would be 1600 and 1400.
Comment below your opinion.
Good luck to you!
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Stay tuned.
This is just an idea, not financial advice.