Ethusdshort
ETH, Ethereum - new entry point!As I said before, ETH made a new ATH! But in my opinion, it happened so fast. Right now I wait to retest a key level and false breakout. That's where I'll be buying.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
ETHUSD - SHORT TO $910 OR LONG TO $2021Don't get confused by my chart, we have two possible scenarios in this chart🙄. Look closely, we have a double top (M pattern) confirming a sell to $910 and a double bottom (W pattern) confirming a buy to $2021.
I guess you can see it now😲
As we all know, the two can't occur at the same time. Therefore we need a confirmation to tell us which one the market is eventually going for.
HOW DO WE KNOW THIS?🤔
We can see price approaching the lower trendline at $1621. If price break the trendline downward, we go for a sell to $910.
But if price is unable to break that price and it begins to go up, then we aim for $2021.
The yellow horizontal lines are the major support and resistance levels price may encounter when moving within the trend.
What do you think?
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Trading Involves High Risk⚠️
Not Financial Advice💸
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Ethereum sell a break.ETHUSDT - Intraday - We look to Sell a break of 1578 (stop at 1621)
Short term bias is bearish.
We are trading close to the end of an ascending Ending Wedge Formation.
The bias is to break to the downside.
20 4hour EMA is at 1645.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Pivot support is at 1441.
Our profit targets will be 1451 and 1363
Resistance: 1650 / 1730 / 1800
Support: 1600 / 1570 / 1500
ETHUSD LIKELY MOVE - LONG TO $2021 OR SHORT TO $650As seen on the chart. Here is a double top (M) pattern in play. If price does not break the resistance at $1835 upward to $2021 to alter this analysis, then I expect Etherum to fall to $650.
The yellow lines are the major support and resistance lines price may encounter if it dips to $650.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
Ethereum Forecast - $1440 or $1000? Bearish momentum has tartedHello Guys,
Scenario 1
I see two possibly scenario as bearish momentum is starting. The most possible and probable scenario is that ETH will retest the $1440-$1400 zone. This is a very strong support here, previously the price dumped back from this zone. It was the 2017-2018 ATH of the ethereum at the time. This year the price has struggles 4-5 times to brouk up this zone. After that when the price returnt down to this level this became a highly respected support zone. Additionally this zone overlap the the 1D 100 moving avarega which is not on the picture, but if you set it up, you will see. Conseqvently this is a very very powerful support. That's why my personal opinion is the price will go up from that area. I see arounf 70% possibility for it. This might be a good Buy Entry for everyone who missed it till now.
Scenario 2
I think this scenario is less likely, but also possible. I think there is a 30% possibility for it, which is more than enough. In this case the prace my hesitate at the $1440-$1400 area, but will break it down towards $1100-$1000. This is also a very very powerful support. I can't see lower price this year for ether. The $1100 - $1000 area overlaps the 1D 200 moving avarega area which is also a very very strong support. Additionaly this zone was support twice in January for Ethereum. Furthermore there is forming a strong bullish XABCD pattern if we reach this level. This could mean a very good buying opportunity.
This is my personal opionion, not a trading advice. Anyway if anyone missed the Ethereum, this bearish momentum could be perfect timing.
Leave your tought in the comment section to see what is your opinion and the likely scenario
Regards,
CryptoMex
ETHUSD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
Ethereum Short Term Bearish ScenarioUsing the channel tool we can plot a channel for the recent bull move
Similarities can be seen in the beginning of the channel to now (fat arrow)
Suggesting a bear move
Black dotted line is a possible support line and the best area to enter
I have faith that Ethereum's bull run will continue long term however
I am long Ethereum, hence my stance on this idea.
Etherum (ETH/USD) - My 2nd ScenarioHere you can find My 2nd Scenario about #Etherum (#ETHUSD)
1 - - Price might be hit 1st Strong Level and Drop Sharply.
2 - - But IF Price Break STRONGEST resistance Zone. Then It might be cross &2000.
But these scenarios are very weak from my point of view.
You must have to see my 1st Scenario on my Timeline.
Ethereum ETHUSD - NEXT TARGET >>> $900ETHUSD - NEXT TARGET >>> $900 <<< ???
This is the 1st Scenario and totally based on Price Action.
We have 4 Major Confulence Points.
1. Supply Zone
2. Strong Resistance Level
3. Down Sloping Flag
4. Price at "C" Point Level.
What Ur Thinking!
Share Your Idea and Comment Below.
>>> 2nd Scenario Shared in NEXT Post.