Ethusdtlong
ETH USDTUsing Fib retracement, trend analysis and chart pattern on 1hr, 4hrs , showing that the same waves with the same pattern might be repeated, we have a support line holding up a double bottom then we need a bullish engulfing candle 4hrs, breakthrough the 0.618 fib to make the same pattern, within 36hrs ETH should be back above 2500
ETH reaching $3000I was previously long on ETh and i still believe it. ETH is in ascending channel but before moving further may need correction. If bulls manage to break the resistance line of ascending channel then there is chance of meeting the $3000 price for ETH.
If direction reverses and break EMA then it may drop to support line of ascending channel.
ETHUSDT Short Term Target $3000!ETHUSDT (1H CHART) Technical Analysis Update
Waiting for the Resistance breakout
ETH/USDT currently trading at $2730
Buy-level: Above 2750$ (only buy if 1h candle closes above the resistance )
Stop loss: Below $2530
Target 1: $2850
Target 2: $3000
Target 3: $3200
Target 4: $3500
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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ETHUSDT - Still on a rise, testing the USDT 2800 level ?As we can see, we recovered from the dip that happened a few days ago. At around 11 am UTC+2, we went back on a rise after the correction of yesterday's new high price.
On a H1 scale, the Stoch is indicating that we could see a small correction in the next one or two hours, unless the bulls decide to hit it hard and push it even higher.
We've broken the R1 (from pivots) that stood a little bit under USDT 2650. If the correction we faced a few hours ago was there to correct the explosion that happened around midnight on the 26th, we may only see a very small correction.
If not, we may retest the R1 before bouncing off of it, making a small W pattern. We currently stand in the first zone of the Fibo, a little bit under the 0.236 mark. Our bounce may take up to the 0.382 mark, before correction.
As we have seen recently, ETH is being spotted by more and more people, expecting it to run upwards during the alt season. Whales are charging up, the wind blows towards our destination. Keep holding !