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ETH Massive Formation With Huge Breakout Potential!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. In the daily time frame ETH is making this symmetrical triangle pattern, it trending around $1885 currently i am expecting some drop upto the lower level of this pattern which is 255D strong support and then we can expect some bounce after it hit the lower level. INFO ABOUT SYMMETRICAL TRIANGLE The Symmetrical Triangle Chart Pattern indicates an ongoing period of price consolidation before the prices break. A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle’s formation must be bullish. On the other hand, A bearish symmetrical triangle is a bearish continuation chart pattern, the movement preceding the triangle’s formation must be bearish. The symmetrical triangle pattern is different from a descending or ascending triangle pattern as both triangles’ lower and upper trend lines slope towards the centre point. A horizontal upper trendline is formed in ascending triangles that predict a higher breakout. With a descending triangle, a horizontal lower trendline is formed that predicts a lower breakout The trend lines should be equal in their convergence slope when a symmetrical triangle is formed. But we still we need a breakout of this symmetrical triangle pattern we have $2120 and $1950 as resistance For more quality Charts analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
12
#ETH is in strong support! what we can expect?ETH Technical Analysis: From a long-term perspective, ETH has often been bullish when trading inside the blue rising broadening wedge. Currently ETH is trading at 1740$ which is a strong level of support, we are expecting a good bounce up to the upper level of this falling wedge and if it breakout this pattern then we can see some good bounce according to the pattern. we have 1940$ and upper resistance of this pattern. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
5
ETHUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower 2 possible scenarios on the chart, everything will depends on BTC, for growth we should to realize yellow marker, if we get decrease under ~1830, then we will catching ETH in zone 1700-1620 In any case main target zone: 2300-2500 Stop: (depending of ur risk). ALWAYS follow ur RM. cancellation of scenario - consolidation under 1500 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
#ETH DAILY TIMEFRAME UPDATE!!#ETH UPDATE ETHUSDT is in an upward trend that is constrained by resistance and support. The local resistance that has been holding back the cryptocurrency pair for a while was shattered yesterday. The pair departs the range when the price breaks the MA-50, and it then establishes a consolidation above the line following another testing of the barrier. The currency will start to strengthen if the bulls manage to keep the price in the new channel. The market has been more active recently, and we can presume that this is due to the fundamentals of the economy as they relate to the dollar index. Support is being provided by the moving averages. The support is validated by the MA-200 crossing the lower edge of this rising channel. Strong support: 1880, 1846, 1775. Strong resistance: 1920, 1941, 2021. I anticipate that ETH will continue to rise until 2021 under the influence of the bullish trend and attitude, followed by a breakout and strengthening to channel resistance. This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor. For more Quality Charts Analysis, follow us. I'm grateful.
Long
by CRYPTOMOJO_TA
4