Ethusdshort
ETH/USDT ( very important zone )ETH/USDT
Ethereum price now resting above 3 supports :
1- Trendline support since beginning of November
2- also we can see 200EMA just little below (Dynamic support)
3- Another support we are also on 0.618 fib level (540$)
If next candels closed below this mean high chance we can drop further more to 515-480$ area
Possibility of drop is higher
However if bulls enter here and next candels closed above the trendline again this mean bearish scenario is invalidated and we go up
And you should ready for anything
Do you agree ?
Never trade blindly and always have a plan
Good luck and happy trading for you all 🌹
ETHUSD ~ Breakdown, retesting resistance R/S flipLooks like ETHUSD is retesting the R/S flipped resistance zone (top purple box) right now.
If it does not break above, then its a short down to the 2 MA levels shown, and the next major horizontal support.
I'm not listing this as a long or short because yes you can short this, but you can also buy the dip.
This looks to me like a very normal correction and a healthy one. No impulsive dumping. ETH is strong!
Probably see an ETH ATH in 2021.
For anyone else that bought up as much ETH as they could below 200, HODL!
I just like to short major impulse moves, I dont think I will short this.
(I tend to HODL, instead of take profit and sell, and then I short on leverage using my current ETH to short so that I double profit on dumps - EG: when it hit 600 I shorted down to 500 but I didnt sell any ETH, I just converted that profit into more ETH)
BUY THE DIP!
Analysis ETHUSDT#93 ethusdt
Sales range: 617.36
Targets: 611.21- 605.06- 298.91
Stop loss The first goal: the profit to loss ratio is 1: 1 (623.51)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 617.36(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
Ethereum- Sell ralliesThe rise in Eth price was more weighted than in Btc, and after 400 break EthUsd has risen 20% to around 480 recent top.
Now the price has completed and broke under rising wedge support and we can have a leg down towards 400.
I m looking to sell rallies in search of a 1:5 R:R for this crypto
ETHUSD SELL from the resistance(my Key level)Hello traders! We are in 4 consecutive wins in ethusd and I hope we will make long win streak as we did in btcusd(10/11).
There is strong resistance at 470. Expect a drop to the support line which is lying at 435. Both points are my key levels and it will also be used in the next trades.
You should take the profits a little above the key level.
Good Luck traders
Preview of Last 2 trades
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ETHEREUMthis price action is boring...im beginning to see the bullish fade a bit...
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
ETHUSD 16% Drop was expected will it reach 400.00 level ?ETHUSD
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational
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Detailed analysis 💬
1️⃣ Price around 450.00 and in consolidation phase
2️⃣Trading within arising channel
3️⃣ Crypto's in uptrend and broke of 400.00 level
4️⃣ 430.00 Dynamic support and resistance
5️⃣ 500.00 will acted as strong resistance-Key psychological level
6️⃣ 490.00 will Acted as strong support-Possible entry point
7️⃣ Technical support - bullish
8️⃣ 420.00 will acted as key reversal-Bullish
9️⃣ October high-Immediate resistance-Alternative bullish entry
🔟 Possible swing target-420.00 lower counter trendline
#️⃣ Overall bullish trend-Within a rising channel
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📉 Technical bias-H4-Bearish
Price is above 50,100,200 Exponential moving average
50 Exponential moving average will act as resistance Bear
Relative strength index - well above 50 - bullish trend
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 50(Neutral area) The decision was neutral here
Ichimoku cloud -cloud is still green-Middle line supports bullish trend
Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band
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Key reversal area's
400.00 psychological level
384.00 Point of control area Volume analysis
422.00 Oct month high
332.00 Oct month low
488.00 Sep month high
311.00 Sep month low
400 50% Fibonacci retracement level
500.00 Major psychological level
488.00 Possible entry- Bear
420.00 Trendline resistance/Alternative bullish entry
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Bearish entry #Etherium #ETHUSD
Entry price - 488.00
Take profit 01 - 440.00
Take profit 02 - 410.00
🚫 Stop lose 510.00
⬇️16% Drop expected
⤴️ Account growth 4.5: 16
✅ Risk reward ratio 1 : 3.5
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Ethereum it's leading toward the $365 USD next target!!!In H4, we see that Ethereum is confirm this validation of this zone of consolidation between the $393 USD and $384 USD. That was the consolidation zone that Ethereum it's created and right now, the price is found out in the bearish trend toward the $365 USD
iN Daily we see that the price is under bearish pressure. But based in my studying, Ethereum could to find down the lower zone, in that case my target will be $365 USD.
So, in H1 we see that the trend is becoming right now bearish!!!
So, I will need to know because Bitcoin is still bullish and maybe, we could see another chart and data that altcoin dominance it's going to drop and Bitcoin dominance going to up.
At the moment, I put in my sell market around of $383.50 USD with a SL at $389 USD and my own take profit will be $365 USD.
Ethereum is bearish!!! We're in profit!!!Ethereum is go down and the price is around of $398 USD, I entry in the market at $410 USD, we're in profit. First, I reccomend to put your break even to protect your earns right now.
So, we see that Ethereum is continue down and Ether was formed this descendent triangle, becuase remember that in Daily we see the same situation on Bitcoin that Ether need to make a correction before to continue up!!!
Look this chart in H4 timeframe.
Guys, if you following my trade and you put your short in Ethereum, you're ok and you can to put your break even at $409 USD, that is my reccomendation to put your break even in this price to protect your entry price without any losses.
So, the only updated is that I proyect that Ethereum is into this bullish channel and we found down sell, so my forecast it's around of $380 USD, that is my target profit on Ether and I large my Target a little more, beuase my previously target it's was $394 USD, but we can see a possible next movement so volatile for the crytpocurrency!!!