ETH Sell a break setup.Ethereum - Intraday - We look to Sell a break of 2976 (stop at 3024)
Short term bias is mildly bearish.
2977 has been pivotal.
A break of bespoke support at 2980, and the move lower is already underway.
Our profit targets will be 2851 and 2801
Resistance: 3080 / 3150 / 3200
Support: 2980 / 2950 / 2900
Ethusdshort
ETH Trend AnalysisETH is forming bear flag pattern with a downside target of $3000 in short term.
It is going to retest the symmetrical triangle from which it broke out.
I am expecting a 10% bounce at 3000 level (FIB 50%) upto 3300 then further decline till 2750 level.
More downside possibility ahead but those will be updated as chart pattern unfolds.
Peace!!
Ethereum to Break Lower? Ethereum - Intraday - We look to Sell a break of 3298 (stop at 3371)
We are trading at overbought extremes. A higher correction is expected. A break of bespoke support at 3300, and the move lower is already underway.
Our profit targets will be 3103 and 3033
Resistance: 3400 / 3500 / 3600
Support: 3300 / 3200 / 3100
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Ethusd TradingFor More Detailed Daily Analysis, Go ahead and Click the Follow button.
This video will show you how to trade ETHUSD accurately based on risk appetite. For investors, a fall is ideal to get a better long price. If you are Trading more actively, you can short at the current early resistance.
It is key to remember the upside of ETH comes about from Stronger LONG term sentiment. The recent market sentiment has brought it to a fall SHORT term.
Always with HVA's trade lightly as we can see hugely affected markets upon strong sentiment. Surprises like that are... Best handled carefully.
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 3053 (stop at 2978)
Daily signals are mildly bullish.
A break of yesterdays high would confirm bullish momentum.
045 has been pivotal.
The previous swing high is located at 3045.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 3259 and 3339
Resistance: 3050 / 3200 / 3280
Support: 2980 / 2920 / 2880
ETHEREUM SHORT ANALYSIS 19TH March 2022Yesterday we saw the price of ethereum come into our last point of supply and I was a bit unsure whether to hold the trade after taking it, coming into mid day today I saw a clear bearish Lower timeframe confirmation on the 5 mins and 1 min giving the indication that market will likely sell of from that zone and as you can see the trade is still valid and the zone has not been violated. if this trade plays outs we are most likely to see price fall from 2900 to around 2000 there by aim for the weekly key level at 1700 area. Cheers happy weekend!
ETH SHORT ZONEFor More Daily Detailed Analysis, go ahead and click the follow button.
Here we have our ETH chart.
We looked long previously on tighter Market sentiment and exited on the upside move.
Crypto markets have come up inline with equities as they often do, bringing us to early resistance and light short zones for HVA's.
We can look to get short as price rises. If you are more risk averse and INTRADAY you can start this now.
Use symbols for price guidance.
ETHEREUM IS CLOSE TO THE RESISTANCE.Welcome members to this update on ETH.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
ETH rallied as expected and the current price is close to the resistance level. This is the same trendline that ETH failed to breakthrough thrice. Will it be different this time? Well, before jumping to a conclusion let us analyze this chart.
In this 6 hours chart, ETH is in the symmetrical triangle pattern, and usually, in this type of pattern, the breakout direction is not fixed. It could break in either direction. If you pay close attention to this chart then you will observe that both the trendline are getting closer which means we are reaching the edge of this triangle pattern.
According to my analysis, I believe that ETH should show a retest from this level, pull back towards the $2.4k range, and then bounce back. The reason why I am considering this move is that ETH is already at the upper trendline, and RSI is in the overbought zone.
Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible.
I will cover more on this in the coming days until then stay safe and trade well.
Thank you.
ETHUSD is up for a bigger correctionSometimes I like to look at the real Big Picture. For the BINANCE:ETHUSD pair, this involves using the logarithmic plot to analyse the entire timeframe. If it manages to close below the 3650 zone during a fall, I expect a correction to the 2400 zone. Of course not in a day, this process can take weeks. If the price bounces back out of this zone, I expect a few more weeks of sideways movement, as no macro data is pointing in the direction of a soaring cryptos.