ETH/USD - interesting to buy after breakdown 205$Apparently MM is leading us in the footsteps of shorts.
The shortsmen's stop orders are in the $210-215 zone.
Entrance after breakdown 205$ and fixation.
the target will be $207 and $210.
On 1D marked side movement.
The exit from which will give an excellent profit.
You can open trades from these levels, breakout or rebound.
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Ethusdidea
Ethereum a possible 15% drop coming !Ethereum is trading inside a bearish channel, now price is near the resistance of the channel | If price can't break through the Resistance and can't stay above the trend resistance then we can consider initiating a short a position. The trend is already bearish.
Risk Reward Ratio (RRR) = 1 : 4
ETHUSD. Possible growth to the target.Hi subscribers!
I did an analysis for you on cryptocurrency.
In this graph, we see that the key level restrained the price drop several times,
most likely that the price will not break this key level, if it breaks,
it will come back and reach the target.
Good luck to you!
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This idea does not provide the financial advice.
ETHUSDT - analytics with history! What awaits us ahead!Good day to all crypto fans!
Let's analyze the current situation of the price movement ETHUSDT. The price of ETH moves inside two downward channels, inside a locally upward channel, a symmetrical triangle and in a five wave growth pattern. Marked on the chart!👆
What are the expectations for further price movement?
Let's analyze the situation locally: a Double bottom pattern is formed on a 1-hour timeframe with the probability of a local price increase to the upper boundary of the triangle and further development of the Double bottom pattern and price growth to the level of 214.56.
On the daily timeframe, we have formed the “Double Peak” pattern. 3 and 5 wave with dropping peaks.
Where will the exit from the triangle be? Let's analyze the story to understand the future!
In 2016-2017, there was a similar situation. The price moved inside two descending channels, in the five wave structure of growth, in a triangle, above the average sliding. In the fifth wave of growth, the price reached the first level of the fifth wave, followed by a corrective movement to the lower boundary of the triangle. Locally formed a reversal pattern "Double bottom" 3 and 5 wave with lowering peaks. However, the price broke through the upper boundary of the triangle and continued the upward movement to the levels of the fifth wave and then broke through the upper boundary of the descending channels, forming an upward trend.
The MACD indicator in 2016-2017 and now also shows the similarity of movement.
A very similar structure of the price movement with the one we see now on the chart.
The cancellation of the scenario of the upward price movement ETHUSDT is a breakdown and consolidation below the lower boundary of the triangle.
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Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
ETHUSDt locally signal (LONG)Hello friends.
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Everything on the chart.
We are pretty bullish.
I put 2 buy limit orders: ~197 and ~191. (keep eye on the price)
You can also open a position on break through the local trend line which is now in the area of 207
stop: 184-180(~6%) (depending of ur risk)
for me risk is justified
Targets: 224(15%) - 243(25%) - 254(31%)
(after first target will reached move ur stop to breakeven)
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Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
ETH/USD - signal to buy the price is between $215 and $210 levels
Breakthrough of 215$ and fixation, gives a signal to buy with a target of 225$ and higher.
Stop Loss can be tied to the $210 level.
Nothing has changed since yesterday's analysis. We are moving in the same triangle:
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ETH/USD - will break through the level?The global trend is growing.
Locally, the trend is growing.
A $218 level breakthrough will open the way to $250.
Indicators are directed upwards.
Pressure on the level.
Close level retest.
Chances to break up are getting higher.
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ETHUSD. Triangle pattern. Hi traders!
The price of Ethereum is now in the triangle pattern.
The price has 2 development options,
because it is at a key level.
If it breaks through this level,
it falls down to the level of 192.00,
if it remains, then up to the resistance level.
Good luck to you.
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This idea does not provide the financial advice.
ETH/USD Long or Short? $168 OR $235? Don't miss these details!!Hey guys, welcome to this update.
Firstly I want to thank you all for your support so far.
I post only updates with high possibility.
Let's get to the chart and try to keep it informative for both bulls and bears yet simple to understand. As people tend to like simple updates with clarity.
ETH has been trading under a RISING WEDGE PATTERN (which is bearish in nature and certainly ends up breaking to the downside) since the last 58 days or so.
It broke down 4 days back on MAY 10. IT JUST RETESTED THE lower trendline of the channel.
BULLISH SCENARIO: (S2 - SCENARIO 2)
In my opinion ETH seems more bullish at the moment because of the following reasons:
ETH is holding the 50D MA at $197
ETH is holding the 200D MA at $191
Most importantly it is also trading above the 85D EMA which is my best strategy since I found it 2 months back. (Hope you've read my 85D EMA strategy that I posted on April 15 for ETH and April 25 for BTC, if not I'll leave the link below)
MACD : Seems bullish crossover could happen anytime soon.
RSI : Bullish, Trying to break above the 50 level, not too oversold or overbought. Trying to reach the optimum level of oversold zone which can certainly take ETH to some positive rally.
Many traders didn't notice this purple trendline support, If you consider this as a valid support line we can say that we're still trading under this extended channel. Every detail is important, you'RE TRYING TO OUTSMART the 98% traders here. If this trendline works we may be bullish and see the upper targets soon.
Conclusion: If BTC breaks above $215 which is around 7%+ from the current market price, a rally to the upside is highly likely with targets:
1. $235
2. $252
SO WHAT CAN WE DO?
IF YOU'RE A BEAR AND SHORTED, You can put an SL at $216 or you can add short positions at that price. If it breaks to the down side you can have a low risk with High Reward Trade (This is exactly what matters, You need to get into the trades with low risk but high reward ratio)
IF you prefer long you can wait for it to dump to the downside support levels, given n the chart or LONG with a daily close above $216.
BEARISH SCENARIO: (S1 SCENARIO 1)
The only thing that is bearish in the chart is the breakdown below the trendline. The target for such breakdown could be the important support levels as shown in the chart.
CONCLUSION:
Although the chart looks bullish I am bearish until the break and close above $215.I'll categorise this update in LONGS as I will try to get into ETH LONG AS LOW AS POSSIBLE.
If ETH goes to the lower levels,
$123
$148
$168
I'll add spot longs on ETH for the mid term.
Hope this idea have been helpful for both the bulls and the bears. iF YES THEN PLEASE FOLLOW ME and
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ETH/USD - maybe a long position?Yesterday's idea still stands:
I think there's no point in going down without going up.
$190 level keys for decision making.
Punching and securing for me will be confirmation of entry.
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Write your comments and questions.
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ETHUSD. Will the price break through the key level?Hi subscribers!
The price of Ethereum was in the triangle pattern.
Today, it has come out of the boundaries of its triangle and price growth has resumed.
The price will reach a key level.
Good luck to you.
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This idea does not provide the financial advice.
ETHUSDt Analysis (i tend more for short)Hello friends.
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Everything on the chart.
I expect the price will continue to fall.
we are in a downtrend on pullback i would open a short if we fix above 205 the scenario wouldnt be relevant
zone for opening short-position: 196-202
main target zone 160-150,
i would recommend fix ur profit in parts(first target ~170$). After first target will reached move ur stop to breakeven
if we don't get to our the short zone, also you can open a short-position on break through local support(bottom red line)
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Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
ETH/USD LONG SET UP ON PULLBACKEthereum (ETH/USD) traded sideways during today’s North American session as the pair continued to trade around the 208.00 level after trading as low as the 205.28 area early in the North American session. Some Stops were elected below the 206.29 area during the move lower, an area that represents a downside price objective related to selling pressure that emerged around the 253.01 area in early March. During today’s Asian session, the pair traded as high as the 219.48 level after Stops were elected above the 217.87 area, a level that represents the 61.8% retracement of the depreciation from 227.50 to 202.30. The 208.25 level represents the 23.6% retracement of this range, and chartist are curious to see if this level becomes technical resistance for ETH/USD. These trading patterns underscore the current technical nature of the price activity of ETH/USD following the recent relative high around the 227.50 level.
Stops were elected last week around multiple important technical levels, including the 213.05, 206.29, 199.16, and 198.09 levels. Above current price activity, traders will pay very close attention to the 232.88 and 242.09 areas, additional upside price objectives related to the 90.00 level, with Stops likely to be decent above the 232.88 area. When ETH/USD comes off, traders will pay close attention to levels including the 197.16, 187.79, 178.42, and 166.82 levels. Chartists are observing that the 50-bar MA (4-hourly) bullishly continues to indicate above the 100-bar MA (4-hourly) and 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) bearishly crossed below the 100-bar MA (hourly), and continues to indicate above the 200-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 202.37 and the 50-bar MA (Hourly) at 211.57.
Technical Support is expected around 199.27/ 196.54/ 193.00 with Stops expected below.
Technical Resistance is expected around 227.50/ 232.88/ 242.09 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
ETHUSD Technical and Fundamental AnalysisBefore I start, I would like to welcome y'all to support by liking and following my page if you like what you see here : )
So far I have really enjoyed the experience here with the wonderful trading community, it is great to see the unbounded sharing of ideas by our fellow traders, so I thought of giving back as well.
Here are my two cents on ETHUSD:
H1 Timeframe shows a pretty obvious descending wedge, a (1) bullish flag with (2) Twice the formation of a bearish double top within the wedge, multiple times where it has touched the descending resistance line
Both times the formation of the double top has lead to a sell off to touch a major support level @ 198, thereby VALIDATING 198 AS A STRONG SUPPORT.
Technical indicators (1) MACD shows a greenish potential crossover to the positive side (2) Stoachastics show a 62 point, near the 80 buy zone
Short Term Opportunities to watch for:
- BREAKING OUT OF 209 would mean a retest of the nearest resistance level @ 212 and beyond that, targets for a BUY opportunity at TP1 @ 219 AND TP2 @ 226
- A SHARP REJECTION from the 208 descending resistance line would mean a SHORT opportunity to strong support line @ 198, breaking below this would bring us to the next 2 support lines @ 193 and @ 189
Long Term Fundamental Analysis:
Honestly I doubt ETHUSD could drop below 193 support which has been consistently validated from 25-29 April 2020. The long term outlook is currently BULLISH, with ETH 2.0 due for release in JULY 2020, which transits the current Proof of Work ethereum to a Proof-of-Stake Mechanism. This is very important to note, as instead of competing against each other to solve puzzles, users who accrue the most wealth, or stake, will be in charge of validating transactions in 2.0.
This definitely leads to a supply shock as users accrue ETH, possibly leading to a lock up of 30% of circulating ETH --> BUYING PRESSURE
Next, given a recent uptick in the number of addresses holding 32 ETH — the precise amount required for validators to stake in ETH 2.0 — demand, it seems, is already mounting. According to market intelligence firm Glassnode, there are currently over 116,351 Ethereum addresses containing 32 ETH or more — a figure up over 14% from last year.
My prediction: Price spike of ETHUSD is already partially priced in, with quite a number accumulating ETH for the staking in 2.0 release. The current ETH price flunctuations are likely short term position holders looking for quick buy and sell opportunities, with the majority holding for long. Once reaching the BTC sell-off post halving, some of the BTC holders may partially close LONG positions on BTC, taking profits, then putting more weight into ETH as the attention shifts to Ethereum 2.0 update. (Personally, I would only account maybe 30% ETH 70% BTC of my positions as I don't see ETH outperforming BTC in the long term, at least not by end 2020.)
Thank you for reading my two cents, feel free to comment your thoughts and feedback below!
Regards,
GolDRoger, a humble beginner trader
ETHUSDt Locally Signal (LONG)Hello friends.
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Everything on the chart.
in the previous idea, my stop loss was shaved
since I’m still waiting in the coming days for the BTC to move upward, the ether must also fulfill the targets above, so I’m for long-position. If you trade with leverage do not take very large,it's dangerous
open pos: 198-203
stop: 192-194 (depending of ur risk)
target zone: first target 225 - 242 - 252 (after first target will reached move ur stop-loss to breakeven)
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.