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Ethusdidea

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
BITSTAMP:ETHUSDLong
by Mihai_Iacob
4
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
COINBASE:ETHUSDLong
by Mihai_Iacob
3
ETH 1D pattern "Cup and handle" is worth readingIt is very likely that the model "Cup and handle" is formed on the ETHUSDT chart. The cup has been forming for 3 long years, or 1095 days. The ETHUSD price could not overcome the previous high of $1440 at the beginning of 2018. As of now, a high is $1350. Given that BTCUSDT has updated a high of more than twice, logically, the ETH price should be around $3000, but it did not happen. According to the formation rules of the pattern "Cup and handle" , the formation of the handle cannot last longer than 1/3 of a cup, ie a maximum of 365 days or a year until the next powerful impulse. We already feel how we will be hated for such thoughts), because everyone thinks: growth, growth, only growth! Ideally, the smaller the handle, the stronger the shot up. Therefore it is necessary to watch carefully formation of the handle, and to do it on the given chart it is necessary to like and to write the comment! We assume two levels for the formation of the bottom of the "handle" - they are $470 and $350. The process of the price lowering there will be long and tedious, especially when most do not believe it yet. We take this global idea as a basis and we will generate short-term ideas based on it, with targets closer. For example, now the most logical fall to $800 or even to $600, from which we can expect a solid price rebound. Another important condition in the formation of the "handle" is the volume: in the first half of the "handle" they must be low, such as reluctant fall, no one believes in it and does not sell. As soon as you see that the average daily volumes begin to grow, it is worth thinking about buying. Or even easier, follow us and we will tell you :) Follow the market in cold blood, without rose-colored glasses and then your deposit will increase. You are not the creators of projects to fanatically believe in them. You are traders - bought-sold, put the profit under the mattress :) PS: We wrote about a possible BTCUSD cost fall two days ago in the weekly digest, read it in full) _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
12