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Ethusdidea

ETHUSD 16% Drop was expected will it reach 400.00 level ?ETHUSD ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Price around 450.00 and in consolidation phase 2️⃣Trading within arising channel 3️⃣ Crypto's in uptrend and broke of 400.00 level 4️⃣ 430.00 Dynamic support and resistance 5️⃣ 500.00 will acted as strong resistance-Key psychological level 6️⃣ 490.00 will Acted as strong support-Possible entry point 7️⃣ Technical support - bullish 8️⃣ 420.00 will acted as key reversal-Bullish 9️⃣ October high-Immediate resistance-Alternative bullish entry 🔟 Possible swing target-420.00 lower counter trendline #️⃣ Overall bullish trend-Within a rising channel —————-❇️——————- 📉 Technical bias-H4-Bearish Price is above 50,100,200 Exponential moving average 50 Exponential moving average will act as resistance Bear Relative strength index - well above 50 - bullish trend MACD -Turned red and felled below the signal line, Oscillators pointing downward Stochastic - Reached around 50(Neutral area) The decision was neutral here Ichimoku cloud -cloud is still green-Middle line supports bullish trend Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band —————-✳️——————- Key reversal area's 400.00 psychological level 384.00 Point of control area Volume analysis 422.00 Oct month high 332.00 Oct month low 488.00 Sep month high 311.00 Sep month low 400 50% Fibonacci retracement level 500.00 Major psychological level 488.00 Possible entry- Bear 420.00 Trendline resistance/Alternative bullish entry —————-✳️——————- Bearish entry #Etherium #ETHUSD Entry price - 488.00 Take profit 01 - 440.00 Take profit 02 - 410.00 🚫 Stop lose 510.00 ⬇️16% Drop expected ⤴️ Account growth 4.5: 16 ✅ Risk reward ratio 1 : 3.5 —————-⚜️——————- Push the like button , And cheer up if you found useful
COINBASE:ETHUSDShort
by forexorbit
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