ETH/USD LONG Set Up after testing $1706Ethereum (ETH/USD) weakened early in today’s Asian session as the pair depreciated to the 1750.63 area after trading as high as the 1893.75 area during the European session, with the interday high representing a test of the 78.6% retracement of the depreciating range from 2041.42 to 1356. Stops were elected below a series of downside technical support levels, and technical support finally emerged just above the 61.8% retracement of the appreciating range from 1493.28 to 2041.42. Chartists note this area was also just below the 50-bar 4-hour simple moving average. Stops were also recently elected above the 1930.40, 1957.36, and 2017.05 levels during the appreciation, areas related to historical buying pressure around the 215.16, 370.50, and 176.43 areas. If ETH/USD extends its upward strength, additional upside price objectives include the 2080.48, 2134.98, 2150.66, and 2210.42 levels.
Some areas of potential technical support during pullbacks include 1403.13, 1205.96, and 1008.79, with stronger technical support likely in place around 1296.30 and 1066.14. If ETH/USD extends its recent depreciation, potential technical support includes 1285.87 and 1205.96. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Price activity is nearest the 200-bar MA (4-hourly) at 1719.53 and the 200-bar MA (Hourly) at 1809.35.
Technical Support is expected around 1285.87/ 1205.96/ 1128.29 with Stops expected below.
Technical Resistance is expected around 2080.48/ 2134.98/ 2150.66 with Stops expected above.
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
Title/(Date): ETH/USD Long Set Up
Asset:CRYPTO
Order Type:Market buy/ Buy limit
Time Frame:1D
Entry Price 1: $1,718.00 (Active)
Entry Price 2: $1,704.00 (Pending)
Stop Loss: $1,688.00 (300 Pips)
Take Profit 1: $1,748.00 (300 Pips)
Take Profit 2: $1,818.00 (1,000 Pips)
Take Profit 3: $1,868.00(1,500 Pips)
Take Profit 4: $1,918.00 (2,000 Pips)
Take Profit 5: $2,018.00(3,000 Pips)
Status: 🚨Pending🚨
Ethusdforecast
Ethereum ETHUSD - NEXT TARGET >>> $900ETHUSD - NEXT TARGET >>> $900 <<< ???
This is the 1st Scenario and totally based on Price Action.
We have 4 Major Confulence Points.
1. Supply Zone
2. Strong Resistance Level
3. Down Sloping Flag
4. Price at "C" Point Level.
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>>> 2nd Scenario Shared in NEXT Post.
ETHUSD - Buy Entry - D1 Daily ChartETHUSD - Buy Entry - D1 Daily Chart
Buy @ Current Market Price
Stop Loss @ 0.5% to 1% of your Account Balance
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🔺 DISCLAIMER
🔺 The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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Plain and simple ETH analysis TODAYAsian Market has been a little rough during the night. BINANCE:ETHUSDT
Things might not look good for ethereum regarding fundamentals, as CZ is trashing it and "fud"ing ETH on a daily basis.
Though, guys, ETH is not going anywhere, it might perform a little weaker than expected, but there is still a lot of room to grow.
Thing is , we are still in for boring sideway action between the 1300 / 1540 range
Support held well, it's just everybody is in doubt and fearfull.
Right now, you all need to chill, this is nothing but a little needle prick.
3 Bullish divergence are building up on the RSI also, (common to bitcoin chart) and this might indicate a much stronger bounce than expected
But as a day trader, this is the right occasion to remember to always take profits, and stay out of the market once it's done.
You want to remain a calm observer, with 0 emotions.
And remember, the market is a b..ch, trying to take the money right out of your pocket for a cheap and short moment of pleasure.
I would recommend to use 0 to 1/4 of your position on leverage, not more, right now.
See you all tomorrow, and don't forget to smash that like button !
ETH- More bearish than bitcoin, it can dive to 1k zoneYesterday, following bitcoin's lead, Ethereum took also a hit and dropped hard.
This drop cleared the rising wedge support, a trend line that kept the price elevated for a 100% gain.
At this point, this break is confirmed and 1800 is extremely strong resistance.
As in the Bitcoin case, rallies should be sold and, from a technical perspective, ETH could drop to 1k target of the pattern.
EthUsd back above 1.8 would negate this scenario
ETHUSD - completion of the upward movement!Greetings to all crypto maniacs! Taking analytics to the next level!
The price moves inside an upward channel. The range for the completion of the upward movement in the third wave is located between the levels of 1726 and 1983. The price reached the level of 1726, making a false break. The blocking order is located at the level of 2000. The levels of the downward movement are marked on the chart - in red. To enter a short position, you need to wait for the formation of a reversal structure in the specified range.
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ETHUSD BUYING ON DIPS As i can see ETH is ready to make new higher high as soon as this break the resistence are then i will start
to make a new higher high we are rading this pair with a low risk and looking for higher rewards
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Ethereum ready to take offIn my previous EthUsd analysis I said that I strongly bullish on this crypto and I expect 3k to be reached. My opinion is not changed, more, is reinforced.
If you'd looked at price action these past few days it is clear that dips under 1200 were bought aggressively and bulls are in total control.
At this point Ethereum is trading in the last recent high zone and slightly under its all-time high, and I expect a strong break above.
Although is far at this point, but only a drop under 1000 would change my strongly bullish opinion
EthUsd- Can it reach 3k? My opinion is YESAt this point, Ethereum is trading slightly under its all-time high (20% not being so much in the crypto world) and, simply looking at BTC after breaking above its ATH we can see that it doubled its value pretty quickly. Furthermore, we are in an extremely strong bull trend when it comes to crypto and I expect this to continue for the first part of 2021.
In my EthBtc analysis, I said that I expect a break above neckline resistance of the H&S and a challenge of 0.06 figure.
Putting all together, a bullish bitcoin that can go above 50K , a bullish ethbtc that can break above resistance I will reduce all to simple math:
50.000 x 0.06 equals 3k for EthUsd