Ethusdtlong
ETH/USD (Test Swing Top 4k?)💎Technical Analysis Summary💎
ETH/USD
-Ethereum finally broke its mid resistance area after 37 days
-One of the early signs of strength before the breakout is EMA19 is respected
-With the help of Bitcoin's recovery from 53k up to 57k dollars today
-Now, if BTC will remain stable or sideways in the coming days
-I think ETH will likely test its recent swing top at 4k dollar
-Everything is looking good for this coin and expecting a good move up
-As long as it can hold above its previous resistance at 3.6k dollar
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💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3603.67).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 3848.59
TP2= @ 4031.03
TP3= @ 4169.79
TP4= @ 4353.22
TP5= @ 4546.84
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3603.67).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 3848.59
TP2= @ 4031.03
TP3= @ 4169.79
TP4= @ 4353.22
TP5= @ 4546.84
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 3681 (stop at 3609)
Daily signals are mildly bullish.
Pivot resistance is at 3677.
A break of bespoke resistance at 3680, and the move higher is already underway.
We are trading within a Bullish Ascending Triangle formation.
Our profit targets will be 3881 and 3941
Resistance: 3680 / 3800 / 4000
Support: 3500 / 3400 / 3300
My ETH/USD Plan - Short Now, Long LaterWe are currently rolling over after hitting the neckline of this inverse head and shoulders. We will create the right shoulder and reverse to the upside when price hits the macro 0.618 which is perfectly confluent with the 0.5 level of the inverse head & shoulders. Any proper inverse head and shoulders should never pass the 0.5 line with the shoulders and the macro 0.618 reinforces the heavy support in that area along with the lower trendline. I'm currently short from the 0.786 line (marked in red) and I will take profits and enter a long at the yellow line. I'm expecting a mirror image from the other side, so the right shoulder should look something like a W/double bottom.
ETH Still Up - Avoid Short PositionsHello Friends!
Please have a look at my video recording which is in Urdu - Hindi. I'm still of the view that we should only consider buy entries for Ethereum and avoid taking short positions.
Previously I had mentioned in my analysis idea that ETH may respect the RSI divergence and this is the only reason that it is unable to extend the highs at the the moment. But eventually it will break the silence and things will be in buy favor pretty soon.
Good Luck!
Happy trading
#ETHUSDT Looks ready for another rally after the retest!!Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
ETHUSDT Looks promosing here,
Broke out of the channel .
I personally accumulated ETH around $2900 and holding on low leverage.
I expect some retracement here $3045 to $3185 and then continuation.
Upper resistance levels are:-
$3333
$3325
$3615
$3900
IF ETH IS ABLE TO BREAK THE 4K AREA AGAIN, IT'S HIGHLY LIKELY WE WILL SEE A NEW ATH!!
What's your thought on this?
Do you think this correction is over?
Do you think ETH could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
ETHUSDT is Consolidating with stable uptrend/Trading StrategyBYBIT:ETHUSDT
-
1) Strong support from uptrend line
2) Downtrend line was broke out
3) Vegas_12ema was broke out
-
Profit Targets:
1) 3163-----Around resistance zone
2) 3285.35-----Next Downtrend line and Reverse Fib(0.382) level
Stop losses:
1) 2780-----Green horizontal ray
ETH / Whole Market BreakoutETH is about to take off to the upside along with the rest of the market in order to complete this smaller inverse head & shoulders and an ugly cup and handle on the more macro scale. The overall target would put us somewhere around $7k. We will blast through current all-time highs and make our blow-off top for the cycle. I've been predicting this move & pattern for a long time now but now it's actually coming to life! Check out the monster bullish divergence on the 6 hour and 8 hour - on such high time frames it becomes extremely obvious that a large move is imminent
ETH Bullish 📈Ethereum is currently trading within the range seen in the bottom and top white lines, which are the support and resistance.
We also have an uptrend as seen per the blue line indicating a sort of ascending triangle.
In most cases ascending triangles are bullish, however for us we still need to come down to the support to confirm it as a proper support.
Once we do we should bounce and go back to the resistance.
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 3181 (stop at 3088)
Daily signals are bullish.
Pivot resistance is at 3175.
A break of 3180 is needed to confirm follow through bullish momentum.
The bias is to break to the upside.
Prices have reacted from 2650.
Our profit targets will be 3448 and 3498
Resistance: 3100 / 3180 / 3300
Support: 3050 / 3000 / 2950
ETH/USD Falling Wedge BreakoutWe had a nice break from this falling wedge and we are forming a pretty large W / potential inverse head and shoulders. Indicators are looking pumpy and we already got a pump from the macro golden pocket down around $2750 (exactly as I had predicted, by the way). Short term target is $3,680ish
#ETHUSDT Looks ready!Welcome to this quick setup!
Already accumulated around $2900-$3000, ETH looks ready here.
Broke the resistance into the support.
Likely we will see $3400 soonish.
Entry :- $2950 to $3120
Target:- $3300 to $3500
Stop Loss:- $2844
It will also push all the altcoins with it. What's your thought on this?
Do you think ETH will pump from here?
Or some correctio is still due?
Do hit the like button if you liked these short updates.
I'll be posting more if you want.
It takes less time and effort.
#PEACE
ETHUSDT TECHNICAL ANALYSIS 26092021Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand.
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Support and resistance areas can be identified on charts using trendlines and moving averages.
from investopedia
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