Ethusdtrade
ETH/USD trade updateWhen we look at the chart we can see that the price is going back up a little. We can also see that the price broke a possible descending wedge and that is also a good sing of the trade going up. What we could see now is a little drawdown back to the descending wedge to do a retest of the level. Once we get that I would increase my position if the volume and liquidity are good. For now it is just waiting but it does look good.
ETH/USDT 12 HOURS UPDATE Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart.
ETH bounce from this blu line support we are expecting a bounce from this level but we have to wait for 12 hours candle close if it will close upside the 21MA then I am bullish on it.
let see how the daily candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
ETHUSDT | Best Entry & Target PointIf you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of ETHUSDT , I think we are going to see an upward movement. If you are going to go long now, make sure to place the stop below the previous support area .
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ETH/USDT 1D UPDATE 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.
I have tried my best to bring the best possible outcome in this chart.
ETH bounce from this blu line support we are expecting a bounce up to ATH and if it breaks the blue line by daily closing then we can also expect a drop up to $3200.
let see how the daily candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
ETHUSDETH/USD has seen a steady and rather incremental price recovery this week after last weekend’s decline, but trading this morning is showing signs of value erosion
After almost hitting a price of 4500.00 in early trading this morning, ETH/USD has come off this high water mark not seen since the 3rd of December and slipped slightly. As of this writing, ETH/USD is near the 4360.00 ratio and trading conditions appear rather fast. Important short-term lows are within sight technically. If ETH/USD begins to challenge the 4350.00 to 4340.00 marks this could send a shiver of nervousness within speculators.
Yes, ETH/USD has done well since the bedlam demonstrated late last week took the cryptocurrency to lows that were not anticipated. After recovering from the spike which saw a low value of nearly 34700.00 exhibited, ETH/USD has methodically proven many buyers remain active. However the price action in Ethereum does remain rather volatile and trading just a few days ago demonstrated nervousness remains abundant.
On the 6th of December an early high was reached around 4200.00 only to see ETH/USD plunge to a low of nearly 3925.00. And then only a little while later, ETH/USD was making a high of 4350.00 approximately in the same day. This is where the value of ETH/USD is largely trading now three days later.
Choppy trading conditions are certainly part of the everyday landscape of ETH/USD, but recent tests of the 4000.00 psychological juncture is likely causing an increased amount of speculative nervousness. If current price levels are sustained and support near the 4330.00 mark proves vulnerable, ETH/USD may see further bearish movement short term. The broad cryptocurrency market has demonstrated some price declines in the short term, as they have given back some of their winnings made the past few days of trading.
Cautious speculators who are skeptical of ETH/USD upwards move made recently and believe another retest of lower support levels is going to be exhibited near term cannot be faulted. These conservative traders may want to wait for the 4330.00 to 4300.00 to be tested before igniting their selling positions. Traders who are looking for quick hitting trades, and want to sell after short term reversals higher have challenged resistance can also make a selling wager.
If resistance actually doesn’t prove durable and the 4400.00 to 4420.00 marks are toppled, another test of 4450.00 to 4500.00 could develop in the blink of an eye. Traders need to use their risk management wisely as ETH/USD fights to create a better trend.
Ethereum Short-Term Outlook
Current Resistance: 4400.00
Current Support: 4330.00
High Target: 4500.00
Low Target: 4153.00
#ETHUSDT Bullish above this level...
ETHUSDT: Almost rebounded from the 3388 low and is currently 24% up since then.
It did hold the purple line support around 3800.
IMO, ETH needs a 4 hour close above 4300 to gain bullish momentum.
3800 is 4000 is the major support for now.
Stay tuned
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#PEACE
ETH/USD Forecast: Ethereum Testing Previous ResistanceThe Ethereum market initially tried to rally during the trading session on Thursday only to turn around and fall just below the $4500 level. The $4500 level was resistance of the last couple of trading sessions, so it does make a certain amount of sense that we would see a bit of “market memory” coming into the picture right now. The $4500 level is yet another area that a lot of people will be paying attention to due to the fact that the market does tend to move in $500 increments, and therefore it is not a huge surprise to see a little bit of action here. That being said, I still believe that the uptrend is very much in track, and therefore I think we have an opportunity to buy if we break down.
If we do break down from here, I believe that the 50 day EMA which sits just above the $4000 level and offers plenty of support. The 50 day EMA is starting to slope higher, and therefore it does suggest that the intermediate trends are going to continue to hold, and the $4000 level will probably end up being a major “floor the market” as it was a significant resistance barrier previously, and an area where we have seen a lot of attempts to break down through it. The fact that we could not do it so many different times tells me just how much buying pressure there is there. I hope this market breaks down from here towards the $4000 level, which would allow me to pick up quite a bit of value. I have no interest in selling Ethereum anytime soon, but I do recognize that if we were to break down below the $4000 level it would be a very significant break down, and then I would simply let the market fall further so I can add to my longer-term position.
Currently, the 200 day EMA sits at the $3000 level, which of course would be a major technical indicator that a lot of people would pay close attention to. It is not until we break down below there that you would have to consider it “crypto winter”, something that I think we are nowhere near reaching towards as Ethereum has become more mainstream this time, so therefore any selloff is going to be much less drastic that it was the last time the market sold off a few years ago
I still believe that the uptrend is very much in track, and therefore I think we have an opportunity to buy if we break down.
ETHUSDT Retest Before New ATH?In the past two months, we have seen some great gains being made on ETH/USDT and other Altcoins. ETHUSDT was able to make a high of 4800, after that the top altcoin started consolidating between the range of 4460-4780. After taking a look at the weekly chart I found the most recent trend to be over-extended. So I classified it as the 3rd wave of this bull cycle. I am expecting ETHUSDT to retest the 3989-4060 level in the next two weeks, where I will have my limit orders stacked and ready for the final wave of this bull market. If you noticed I have drawn Fibonacci levels based on a high that was never made before. I use this method to predict the highs and lows of cycles. I will explain it in an educational post very soon. A break of the 3886 level would invalid this analysis.
Eth- Still bearish in spite of yesterday's rallyYesterday Ethereum has had a strong day with the price rising around 7% from above 4.1k to 4.4k.
However, the structure remains bearish and now we can consider 4.4k strong ceiling for EthUsd.
A new visit to 4k zone is very probable at this moment and, as I said yesterday, a break under 4k would signal a deeper correction and open the door to 3.4 support.
A daily close above 4.4k would change my opinion
ETHUSDT , Its time to be ready for buyingHello everybody
According to the chart , you can see the price break the key point level and when the key point broke , the trend will change to the upward and now we should be ready to buy and take long position to the the target that we shown on chart .
At first guys check the chart in lower time frame like 15min and 5 min then take signal like hammer or break trend line or ... then take in position until the target reach and dont forget use stop loss guys
Good Luck
Abtin
#ETHUSDT looks imminent for $6k Here's Why!Welcome to this another Update on ETHUSDT.
In my last update when I posted the buy signal around $3800. It rallied to almost $4800+.
This dip was a blessing.
ETH Chart looks really simple!
Can you call it bearish? I don't know your bias! I just don't see any bearish signs yet.
It's a classic Cup and Handle Breakout with the most important support around $3.8k and a local resistance around $4.5k!
The lowest we can expect is $3870 where I have placed a ton of buy orders.
Almost 14% of my portfolio is in ETH and will stay that way.
The pattern gives us a $6k+ Target by the end of this year.
Do you think it's possible?
Or, do you think we will see more corrections?
Do hot the like button if you want me to keep this chart updated and share your views in the comment section.
Thank you
#PEACE
ETHUSDT Bullrun Not Over Yet!!ETHUSDT (1D Chart) Technical analysis
ETHUSDT (1D Chart) Currently trading at $4310
Buy level : $3900 - 4300
Stop loss: Below $3300
TP1: $4880
TP2: $5500
TP3: $6400
TP4: $7500
Max Leverage 2x / Spot Market
Always keep Stop loss
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ETH bullish Flag Breakout Pattern | Short Term Price Target ETH | USD
Enter At Breakout Above High ! Price Target will be New All Time High !!!!
It can be complex identifying a bull flag on a chart because the pattern entails several different components. Traders will need to correctly identify and understand these components to trade this pattern successfully. Key things to look out for when trading the bull flag pattern are:
Preceding uptrend (flag pole)
Identify downward sloping consolidation (bull flag)
If the retracement becomes deeper than 50%, it may not be a flag pattern. Ideally, the retracement ends at less than 38% of the original trend
Enter at bottom of the flag or on the breakout above the high of the upper channel boundary
Look for price to break higher with a length potentially equal to the size of the flag pole
ETHUSDT Next Target $10,000 ?ETHUSDT Technical Analysis Update
ETHUSDT currently trading at $4100
Major resistance trend line breakout in day chart. price can consolidate at 4000- 4400 level before making new ATH.
Long Entry level: $3900 - $4100
TP 1 : $5000
TP 2 : $6000
TP 3 : $7500
TP 4: $10,000
Stop loss: $3000
Max leverage : 2x or buy it on spot market
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.
Ethereum- Sell for a break of supportSince the recent 4k top, EthUsd is in a downtrend
In the last 10 days, the cryptocurrency has traded in a range between 3200 and 2750, and, in my opinion, the break will be to the downside.
3200 acts like strong resistance at this point and only price above this figure would mean that the trend has changed
My targets for short selling are 2750 followed by 2300 zone