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Ethusdidea

ETHUSD will make another 20% drop as crypto cycleETHUSD Crypto and currency pairs are having the tendency to repeats its previous cycle. As its formed a nice wedge pattern and dropped almost 20% of its value from the key psychological level and dropped towards 313.00 level And now we can see the same kind of rising wedge pattern is forming relatively smaller than previously formed. and its broke the lower side of the trend line and leaving a strong bearish candle. We can expect another 20% drop from the 370.00 rejection level the parabolic move was expected. If have any views and opinion about this crypto (ETHUSD) comment below If you like our work give a thumbs up - Cheers
COINBASE:ETHUSDShort
by forexorbit
ETHUSD double bottom and break of trend line + Bullish engulfingETHUSD Around 309.00 area price got rejected twice and formed a Double bottom and bounced back from this level Currently the price is above .236 Fibonacci retracement level. In 4 hour timeframe we are expecting a bullish engulfing candle. And its also reached a price action level and previous lows may turn support for the bear Series of Higher high Higher low and Higher high was forming which is a bullish sign. In Elliot wave principal the 2nd wave is completed and the 3rd way is underway. We are expecting this 3rd wave will end at .50 Fibonacci retracement level and resistance zone and a key psychological 400.00 level .50 Fibonacci is coordinated with the Lower high of Previous lower side impulse wave. And this level will act as resistance for the bull. If this level broken then the next target would be 450.00 which is a .786 Fibonacci level and swing area The 50,100,200 Exponential moving average is acting as resistance for ethereum. RSI managed to move above 50 mark If the USD will remain weaken we can expect this crypto will visit the 2020 high level which is around 490.00. On downside 310.00 will remain act as a major resistance level Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
COINBASE:ETHUSDLong
by forexorbit