Ethusdsell
The Last Drop of ETHHello traders,
A one more drop is coming before creating a new high, ETH is setting up for a drop its showing me a lot of weakness on the weekly timeframe.
i am waiting for ethereum to drop and buy from the low price as much as possible, the price area that i am looking for is around 500 it will take time not a few days or few weeks analysis so patience is the key to succeed.
In the weekly timeframe price is formed head and shoulder pattern now price is going to retest that and drop from there, the area that i mentioned in the chart is around 500 to buy the ethereum for the long run, now ethereum is just going up and every one is wanted to enter in the market and try to make some profits but i am pretty much sure that this is going to be drop before creating a new high of all time and i am just basically waiting for that.
This is my analysis and view about ethereum.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
Learn Trading Setup in Ethereum chart!Hey all traders,
One of the good positions and setup for trading (in futures) is to enter after the channel lines (support and resistance lines ) have broken.
Here is an example of an Ethereum mini-channel on a 4-H timeframe.
A small uptrend channel in a very large downtrend channel, which we call a mini channel ( or Just I'm Call it ! ) anyway :-D
As long as the main channel (big downtrend channel) doesn't change its direction or the price chart does not cross the support and resistance lines of this channel (breaking the trend lines),
this trade and this setup are valid and active.
Below is a brief explanation of the entry and exit prices...
From up to Down
The Stop Loss is higher than the last week's highest price | $1728.00
Entry price is slightly below the minimum price of the chart, after breaking the trend line in the uptrend mini-channel | $1335.00
The last Target is $1150, which is equal to the Fibonacci 2 ratio in the daily time frame.
Good Luck
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ETHUSD-SELLNo change in view.
On the 25th May and before I had suggested carefully we should be selling ETHUSD and we have broken the support line of a triangle @ 1,905. The objective is about $ 1,500 and we are well on the way.
For now remain short, or sell new @ 1,825-1,850 when seen. Profit order $ 1,500. for now.
ETHUSD-SELL strategyWe got a negative stoch RSI and we are near a support $ 1,905 of a half triangle.
I can't help thinking that we will break through the support and the objective would go somewhere $ 1,500.00 in the short-term. Strategy is SELL current @ 1,970-2,000 and take profit @ 1,575 for now.
ETHUSD-SELL strategyNo change in view.
We remain SELLER @ 1,980-2,050 for a move to $ 1,450 for now. Place a stop-loss above $ 2,350 for now.
The pattern seems to start breaking downward and stochastic is negative currently and quite high. This feels heavy and for that reason the suggested strategy.
ETHUSD-SELL strategyUsing GOLD for showing correlation for the ETH movement. We are right now very correlated @ 0.90 and this suggest we should see pressure further on ETHUSD. Likely we will move towards a test of $ 1,750 before we may see some pause.
The overall view is we will decline further to $ 1,250 in the medium-term.
ETHUSD-SELL strategyThe move up same as Bitcoin on unclear reasons, except volumes pushing it.
Now within the wide range, we are getting close to resistances, and the first one somewhere $ 3,300. I feel we may try to be short $ 3,150-3,200 area, if seen and take profit $ 2,750 for now. Stop-loss somewhere $ 3,450.