ETHUSD bounced from support, potential for a further rise!
ETHUSD bounced off 179.40 where it could potentially rise further to 189.74
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Ethusdcrypto
#ETHUSD#Ethereum, safe optimismStuck for a while between the support line at $ 167 and the resistance line at $ 233.
Stochastic a little above the 20 zone (area with buying potential).
Our recommendation is to buy because of the proximity of the Ethereum to the support line
The risk remains high because of the clear bearish trend.
Target: $ 200
ETHUSD bounced from support, potential for a further rise!
ETHUSD bounced off 148.31 where it could potentially rise further to 205.27.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
ETHUSD approaching support, potential for a bounce!
ETHUSD is expected to drop to 1st support at 148.16 where it could potentially react off and up to 1st resistance at 180.17.
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Ethereum Price Analysis - ETH Most Likely to Stay Above $200
Relative Strength Index: The RSI is currently at a healthy 41 points. This signals some sideways trading up ahead.
Bollinger Bands: The price is also within the bands' range, however it's touching the lower band. This means the price will try to rebound slightly, at least until the MA line.
Volume: There is very little volume for Ethereum at the time of writing, most likely attributed to the fact that it's the weekend. This means the market most likely won't make any major moves anytime soon.
Ethereum Price Prediction
The RSI, BBs and Volume are all signalling a sideways market up ahead. Combine that with the news that Ethereum is gearing up for ETH 2.0, and we should anticipate some bullish momentum in the coming weeks.
My prediction is that ETH will trade at the $200-$210 level for the next few days, before testing new support at higher levels.
Read Full Ethereum Price Analysis and Prediction: Cryptomode
ETHUSD will hit at 669 Dollars."In the name of Allah, the Most Gracious, the Most Merciful"
ETHUSD Target is 669 Dollars.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan
#ETHUSD#Ethereum, Will the positive momentum hold up?the crossing of the stochastic plus its high enough level indicates that the correction has not finished.
the second reason for our bearish signal is the proximity of resistance to $ 230
All cryptocurrencies are under pressure for some time.
Target: $ 184
ETH Daily chart analysis
After a long decline, finally broke the falling wedge, followed by a retest. Ahead of us is the first serious resistance, namely the level of $ 203. Which is a horizontal stop for buyers, and when approaching it, you should partially fix your positions.
Bottom line: In general, if you adhere to the scenario with a global market turn in the bullish direction, then the long from this price looks just fine, the zone in which I recommend starting to fix it already I see 0.618 at $ 240 fibbo.
ETHUSD formed Crab and entered in potential reversal zonePriceline of Ethereum / US Dollar cryptocurrency has formed a bullish Crab pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
MACD is strong bullish
Stochastic is oversold and has given bull cross
RSI is coming out form oversold zone
Volume profile of complete pattern is showing less interest of traders at this area
The potential reversal zone can be used as stop loss in case the complete candle stick closes below the PRZ area.
I have used Fibonacci sequence to set the targets:
Buy between: 188.92 to 141.16
Sell between: 226.21 to 317.04
Regards,
Atif Akbar (moon333)
ETHUSD formed bullish butterfly | Upto 24% possiblePriceline of Ethereum / US Dollar cryptocurrency has formed a bullish butterfly and entering in potential reversal zone.
I have defined targets using Fibonacci as below:
Buy between: 166.18 to 155.82
Sell between: 174.15 to 193.91
Regards,
Atif Akbar (moon333)
#ETHUSD#Ethereum, Already going back to business?The trend in the daily graph is still bearish.
The support that broke in last week became resistance, basically the line we added in the above graph at $ 197 is used today as important resistance and currently, Ethereum is in the breaking stages of this resistance line.
The Stochastic lines are positioned at 20 which is a level that could signal a potential increase
Target: $ 233