Ethusdshort
ETH dip before long continuation..Don’t forget to click on the follow button for more detailed daily analysis. Also if you have any questions please do ask them!
Intraday we are looking short before a longer term move up.
After the recent rally to the top of the parallel channel drawn, we a looking for a dip before the further move. For accurate entry wait for this.
MA's/P channel/ Stoch is all noted. Price direction is noted by the arrows shown.
ETHUSD updated.For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them.
After our targets were Smashed yesterday we took profit.
Now we are going to look to get short on this current move up, based on our technical analysis.
Price target is shown by our directional arrow, back down to a suitable area for profit taking.
Can Eth drop to 3k?After the last drop, Ethereum rebounded and had a very short-lived rally above 4k.
However, Ethereum, like all crypto market, in fact, is very weak and the price of Ethereum fall back quickly under 4k.
This is a strong bearish sign for me and I expect a new aggressive leg down, this drop can easily extend to 3k zone.
Only if I see strong buying power and Eth above 4.2k I would rethink this scenario
ETH Sell a break setup.Ethereum - Intraday - We look to Sell a break of 3668 (stop at 3744)
Short term bias is bearish.
Short term momentum is bearish.
Posted a bearish Flag formation.
A break of 3670 is needed to confirm the outlook.
3670 has been pivotal.
Previous support, now becomes resistance at 3900.
Our profit targets will be 3451 and 3401
Resistance: 3900 / 4000 / 4050
Support: 3800 / 3670 / 3600
Ethereum sell into a rally.Ethereum - Intraday - We look to Sell at 4203 (stop at 4282)
Rallies continue to attract sellers.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Our profit targets will be 3977 and 3917
Resistance: 4100 / 4200 / 4250
Support: 4050 / 4000 / 3950
Ethereum- I remain bearish in spite of recent growthIn my Monday's comment, I said that I expect 4k to fall for the simple reason that is too obvious, and it did, Eth dropping afterward to 3675.
Now the coin is reversing and so far there are no reasons for optimism
I expect 4k zone to be well defended by sellers and I expect continuation to the downside in the coming days.
Only EthUsd back above 4.2k would change my bearish opinion and for the time being my target remains around 3.5k
Eth- I don't think 4k will holdIf you've read my analyzes, you know that I have "a problem" with an asset staying at support or resistance as an invitation to buy or sell and make money, as if it were so simple.
Is exactly Eth's case right now, with the price coming back to 4k for all of us to buy and make money, and if you remember, a week ago Btc stayed at 55k and...
I can be wrong this time, of course, but in 90% of the cases, these support/resistance fall eventually.
From a technical point of view, Ethereum is in a descending triangle pattern with this 4k base, and a daily close under could accelerate losses.
The first target for bears can be 3.5k low from the last week's sell of followed by 3k zone, strong horizontal support and the measured target for the triangle.
I will stay short as long as the price is trading under 4.3k
ETHUSD - an important decision aheadHello all,
The crypto market is being quite bearish recent days.
As for the ETHUSD pair the situation is as follows:
The Ethereum has come to the long term support line and forming a bearish pattern.
On a daily and weekly charts there is an obvious double top pattern
Bearish candles are way bigger than bullish ones.
We need to wait for a confirmed breakout and the retest of the 3955 USD level, which is a quite strong structural support.
3660 USD is a level to watch out and the TP is around 2800 USD.
Good luck! Please like & subscribe if you liked this idea :)
Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers!
ETHUSDT Prediction on 15 December 2021This is just an outlook on ETH/USDT.
Tapering issue will come ripe at 15-16 December.
Along with major trendline 2021 and tri-monthly downtrend line.
Market will go down along with RED line until Major SnR III line.
Meanwhile if no tapering issue on effect, it will goes into Major SnR II line, see GREEN line.