Ethusdidea
ETHUSDt signal (LONG)Hello friends.
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Everything on the chart.
open pos: 3300-3400
target zone: 3600-3700
stop: ~3220 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.5
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Ethereum- New leg down on medium term?The rise for EthUsd has stoled above 3k exactly in 61% Fib retracement of the big May drop.
At this moment EthUsd is trading in a range and if bulls can't manage to keep 3k intact I expect a new aggressive wave of sells.
In such an instance 2250 is my first target
Ethereum above 3.3k would change my bearish opinion
Another dump for ETHUSD or straight up from here? Crypto has been mega bullish lately and the king of altcoins holds its price as other L1 and L2 competitors find astronomical gains in this bull market. From a technical perspective ETHUSD may need another push down to wipe out overzealous longs before it is able to push up to test the all time highs.
BULL CASE
If the bulls find conviction, we think the 4500 levels will be tested and blown through before downward correction to retest it.
BEAR CASE
It might not be economically optimal for market makers to push price up from here. After all their job is not to make everyone rich. We think a correction down to 2920 may be in the plays to liquidate traders before price can find conviction to the upside.
Eth consolidation Eth breakout from flag pattern
Consolidation at resistance
Expecting breakout or further move
From start of next week
Resistance lvl of 3290 is tested thrice already
Bears seems to be fading
Incase of uncertainty down side support 1 cannbe 3200 thereafter 3160-3120 zone
Trend rider only, not opening fresh position
As risk to reward won't be favorable
Happy weekend, happy trading
Ethereum- Pin Bars before correctionAlso Ethereum looks tired and a correction could be just around the corner
A Doji candle 2 days ago is followed by a Pin Bar yesterday and this give me reasons to expect a drop soon.
Above 3200 sellers seem strong and short term sellers could have at least 2800 as a target
A daily close above 3250 would negate this scenario
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.
ETH Daily Analysis 7th Ausgust 2021As the chart tell us that ETH already break out 1767-2300 range zone
Eth also break out strong resistance 2860 which formed on May -June 2021
Clearly, Eth is heading to strong resistance around 3200-3300 which would confirm strong uptrend to 4100 zone.
Senario 1: Eth fail resistance 3200-3300 retest 2860 support
Senario 2: Break 3200-3300 , confirm strong uptrend, heading to 4100 zone
ETH/USDT Analysis 3000$Has completed the double bottom pattern price.The price after the pullback to the neckline of the pattern can rise up to $ 3,000. It has also broken the downtrend line. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.