ETH Look Out Below!We just broke this large bear flag that we have been trading in for a couple weeks. On the daily we back tested the 21 day EMA and got perfectly rejected from it, on the 4 hourly we just re-tested the breakdown which also had perfect confluence with the 21EMA and vwap plus a local golden pocket and we were perfectly rejected again. If this plays out like a bear flag we're headed down into the 1600s
Ethusdshort
ETHUSD to Fall Mid termDon't Forget to Click on the Follow Button for More Daily Detailed Analysis. If you have any Questions Please do ask them in the comments section below!
The focus lately on ETHUSD derives from the Strong upmove over the last week. This has allowed us to change from our long to short bias in the near term as we move through our price channel.
We are going to look long AFTER a pending downmove, amongst the current approaching resistance and Key Moving averages. We can also short lightly to minor support mostly seen on TF’s like the one involved in this analysis.
Look to exit at the eclipse symbol area.
ETHUSD to drop..For More Daily Detailed Analysis, Don't forget to click on the Follow button. Also, if you have any Questions, Please do ask them!
After the latest ETHUSD Rally we can look to get short on the approach to Key MA's and A Relatively strong ceiling of price. ETHUSD has enjoyed a large rally on the latest market sentiment surrounding CRYPTO's.
Look to get short as we approach the 200MA and a Fair resistance area.
Trade SMALL and look for shorter term gains with an exit at the eclipse symbol area.
EthUsd approaching sell zoneAs it was normal, after reaching 2200, EthUsd has started to correct higher.
At the moment of writing, Ethereum is at 2700, exactly at last week's high, and is entering my sell zone
This resistance extends to 2950-3000 and a new dive is probable in the next days.
I still expect a visit to 1800 and only if I see sustained buying above 3k I will change my bearish opinion.
ETHUSD 15M Short EntryI made this chart when it respected the resistance, forgot to post it so sorry about that!
Chart is still good to play, treat TP1 like the new resistance line since it was broken through, and so far has been respected. Ride it to TP3, wait to cash the trade and see if TP3 is broken through, if its broken through you can stay in the trade until it hits major support. everytime a take profit line (support line) is broken through treat it as resistance to read the reversal. For example if a candle breaks through and completes UNDER TP3, but the next candle completes ABOVE TP3 that is a reversal and the support line is still good. I'll start posting more frequently so everyone can get in early like I did.
ETH USD IS STILL BEARISH - CHANNEL + LEVELSIt does not look good for now. Bulls are not here. The bearish channel seems perfectly clear, and we need to wait to step out to open a LONG position. I prefer to place SHORT positions at the upper side of the descending channel. You can swing a LONG position at the bottom of the channel, but it is risky.
ETHUSD 30 min ANALYSISBITSTAMP:ETHUSD Currently trading at 2430. If it goes up slowly slowly then it can take RESISTANCE in the upper trendline as you can see in the chart. If 3 to 4 candle formed near the upper TRENDLINE then from there it can again come down and fall up to the price of 2370. If the price goes up in a flow then there will be high chance of breakout of the upper TRENDLINE.
NOTE
1. Short between (2450-2420) Only after seeing at least three small candle rejection from the upper TRENDLINE.
2. STOPLOSS- 2465 (Respect your STOPLOSS)
3. TARGET- 2370
WILL KEPP UPDATING
FOLLOW UP
#ETH #Ethereum gives you buying and selling oppurtunity!As we can see in Ethereum's wick past 9th and 8th September, we can see it restest both low and high levels and similar is hapening here? shall we buy now or sell later and vice versa?
Now as of now i see ETH $2017 retesting 2158 and eventually $1890. Note below, ETH can volume pump and move upto 600$ in a day, why? I would say it later but near time i find it testing both ranges.
As of now one can put a long trade till 2560 and till there we can short, eventually if u wish to buy, the levels are still not near.
Ethereum- Will it drop to 1800 zone?Yesterday I said that my target for the correction is 2600 and pointed out very clearly that this is a correction, not a resumption to the up trend.
The cryptocurrency reached 2550 and reversed very strongly, trading now at 2300.
This is a very clear sign for me that EthUsd has more to fall and the most obvious support on our daily chart is 1800 zone
ETH /USDT (Interval 1D)ETH broke out from rounding top pattern on a daily chart, I have marked the target of rounding top pattern which is $1248. This pattern can possibly play out with a flash wick down to this level. Another interesting thing to notice is that soon we will see death cross, Last death cross on ETH happened on Sept 2019 which lasted for over 4 months. ETH is barley holding $2480 support and as we all know supports turn to resistances in bearish trend so less likely ETH will hold. If you want to buy eth, Place ladder down buy orders to accumulate.
Ethereum: Sell the RallyEthereum - Intraday - We look to Sell at 3239 (stop at 3302)
Daily signals are bearish. Short term bias is bearish. 50 4hour EMA is at 3245. Preferred trade is to sell into rallies.
Our profit targets will be 3055 and 3011
Resistance: 3200 / 3300 / 3400
Support: 3100 / 3000 / 2900
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