Ethereum sell the breakdown.Ethereum - Intraday - We look to Sell a break of 2047.8 (stop at 2111.1)
Daily signals are mildly bearish.
Pivot support is at 2050.
A break of bespoke support at 2050, and the move lower is already underway.
Short term bias has turned negative.
Our profit targets will be 1861.1 and 1806.1
Resistance: 2170.0 / 2250.0 / 2400.0
Support: 2050.0 / 1960.0 / 1860.0
Ethusdshort
ETHUSD is up for a dive COINBASE:ETHUSD shows little to no strengths nowadays, despite the positive news recently. In my opinion, we are up for a dive under 2000 and we will see if any rebound is due or we see sub-2000 for a period of time. I marked my targets for my short positions and I will add some longs in this area. Use small positions with crypto always, because they can be tricky.
ETH - PAY ATTENTION, this could be the best opportunity to sell❗Yesterday bitcoin broke its local trend line and then corrected it by 5%, followed by Ethereum and other altcoins. There is a lot of uncertainty in the market right now, you have to be very careful and understand that the market is in consolidation and this is not the best time to trade. If Ethereum comes back and tests the trend line as resistance, it could be a good point to sell, the target for this move could be the area marked below!Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
EthUsd can drop to 1800 againMy previous 1800 target was reached and from this support, Ethereun has started to rise again.
This rise is not impulsive though and looks near to an end
A break under trend line support would accelerate losses and 2600 zone should provide strong resistance.
I'm looking to sell rallies
Ethereum ETH Rising Wedge Ehtereum looks to be coming up to the end of the road for this pump. This a crystal clear Rising Wedge ETH has developed which is a Bearish Pattern. BTC is pulling a balancing act at the moment after breaking down out of its own Rising Wedge and is awaiting downfall.
Over the past few weeks, we have seen more and more of a delayed reaction between BTC's movements and ETH's movements. This is due to Bitcoins Dominance dropping and Altcoins getting a little extra juice. It seems BTC is taking the lead in this situation and ETH should follow suit.
~Targeting around 1700
~Invalidated if strong break above 2500
ETHUSD from the Daily Cloud PerspectiveFrom the Daily cloud view, we can see that the associated price action is at an indecision area. The Kijun Sen is starting to point down, Cloud Span A is pointing down along with Cloud Span B and the Kumo is red as a result. Seeing divergence between the Cloud price action and the oscillator.
Going up to the weekly you can see that the market is bearish below both the Tenken Sen and Kijun Sen lines and we have a bullish flat horizontal Kumo.
FxAST applied to ETHUSDJust to expand on the previous chart. I have applied the FxAST trading system to this and we can see that we are approaching an area with strong resistance (black line inside of supply zone). This is a confluence area that associated price action must breakthrough. The below oscillator isn't as strong as I would like to see but we still have some time before the market gets to this area if it at all.
ETH weekend scenariosLooking at a couple of things that I believe could happen with ETHUSD. The above supply zone area (stacked) shows there is still some liquidity there for the market to push up (FO) and then break back down. The possibility also that there is enough bullish momentum to break through (creating swap zone) and then push potentially to a new higher high.
ETH still has a long way to go before it bottoms at $700-800Don't want to be the bearer of bad news, but even though ETH will bounce higher over the next couple of months, it'll eventually find it's way down to the gray rectangle in the $700-800 range towards the second half of the year.
Great news for those who are prepared to buy at lower levels. Bad for those that are holding from the top.