ETHUSDT: 04/04/2024 The recent surge in the cryptocurrency market has resulted in a record high for Crypto, leaving a liquidity gap in its wake. Current price behavior indicates a strong possibility of a significant correction in the near future. Therefore, we have identified two potential entry points for a short position on ETHUSDT. Please monitor the price closely and consider executing a sell trade once it reaches our specified levels. Good luck and trade safely.
Ethusdttrade
ETHUSDT likely to head towards weekly resistance around 2072ETHUSDT is trading currently above weekly support and likely to move higher towards first daily resistance and then to weekly resistance 1 zone. I believe the daily resistance should not create much trouble for the price this time. A bit of push back might be there but I do not expect something significant there this time. But lets watch. All the support and resistance levels are marked on the chart.
ETHUSDT breaking up from daily resistance, likely to move upETHUSDT is breaking out from the daily resistance. Currently it is trading above the resistance. This is a good sign. It seems likely that the daily candle close will be above this resistance. However, let us monitor that. The next target for the bullish move would be 1950 area.
ETHUSDT heading to support in order to bounce backThe price currently struggling to break through the 4h resistance 1 zone. It seems likely that the price will come down to the 4h support 1 level and gain the required momentum to break through the 4h resistance 1 zone.
If it breaks through that, it will face the next resistance at 4h resistance 2 zone. Lets watch this price action to develop and we will assess it again after the price follows this path.
ETHUSDT probably heading to next weekly resistance at 2500ETHUSDT closed above weekly resistance turned support (1570-1590) last week. This is bullish for the price action.
The next resistance is around 1950 but this wont be able to hold back the price if there is some momentum in the price as this level will not act as a strong resistance this time.
A major resistance at weekly level is at 2500. This will act as a major resistance probably. There is a fair chance that the price in this run will test this resistance at around 2500.
ETH Nightmare ScenarioThis is the worst case scenario for ETH - this turns into a giant macro head and shoulders and completely collapses. Bitcoin has one also. The neckline would be the macro 0.618 from the very bottom to the ATH. Once the SPX starts to collapse (as per the 2008 crash fractal which fits perfectly over the current price action) crypto will go the rest of the way with it. I've seen this dump coming for a while now and was wondering what the news event would be to "cause" it (because everyone knows you can predict when the news events will happen by looking at the charts) - we got our answer with FTX. The "black swan" event that broke the market. Put your hands up and yell "Weeee!" all the way down the rollercoaster. Short everything for financial freedom and then get your money off the exchanges before they freeze withdrawals lol
ETHEREUM FORECAST - What's next?Ethereum has been on a wide range downtrend and has also been susceptible to the indicated dynamic resistances. The provided chart shows the s/r levels and the plausible price direction in the event of a breakout or retracement. Considering the fact that btc is showing bull signs & Ethereum is staying afloat the second long wick area compared to the break below the first long wick in the inception of the retracement implies a plausible uptrend(breakout). A daily close above $2.61k would infer an assurance of a continuous uptrend to the major resistance. Be patient enough to wait for confirmation before taking a long position.
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Analysis update #ETH and the best shopping areaThe Pulback that we specified in the four-hour time frame was hit and is still falling. New shopping point $1452 which is the best point, friends who do not want to buy there can also do shopping according to the chart in Pulback
In the four-hour time frame, more precise points were identified, which has a good base for price return
ETH is down to 840 to build a better foundation to hit 1.4kIt seems that the Bullish move was too weak for ETH to hit above 1440$ and it rejected from 1.2k level.
so I believe that it's going to go back once more time to absorb more Bullish power with greater volume to break the 1440$ level
840 is one of the strongest Supports for ETH
what is your opinion???
ETHUSDT (ETHEREUM) DAILY TRADE SETUPS 2020/12/23SHORT TRADE SETUP: False breakout followed by price dump
In this scenario, we are waiting for price to break above the high of $670 and then breakdown for us to take a short position.
Entry criteria for opening a short position:
1. Price Action: Price breaks above the high of $670 and then rapidly falls below $670, forming a bull trap
2. Candlestick Pattern: A breakout candlestick (candle close above resistance @$670) followed by a breakdown candlestick (candle close below $670), ideally breakout and breakdown candlesticks are consecutive candles, but can also have a few candles in between the two.
3. Volume: Above average volume (volume above the average volume line) on both breakout candle and breakdown candle, ideally the breakdown candle's volume is a local high
4. MACD: MACD histogram topping out, as indicated by the histogram becoming less positive (color changing from dark green to light green)
Ideally we get all four confirmations for an entry, but sometimes we might take a trade when we have fewer confirmations. The more confirmations, the higher the win probability, though it also means you miss out on some profitable trades if you're only taking trades when we have all confirmations. It's up to your own risk appetite to decide when you feel comfortable entering. Make sure you practice proper risk management and money management.
If price breaks out above $670 with significant force, as indicated by volume and large size of green candle, we might look to go long on a retest of the $670 level turning from resistance to new support (S&R flip trade). We adapt to the market as market conditions change so that we've always moving with the markets and not against it.
I will be updating this trade as price enters the trade zone, and when we see confirmations for entering a trade, and will then provide stop loss and take profit targets.
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DISCLAIMER: I'M NOT A FINANCIAL ADVISOR AND THIS IS NOT FINANCIAL ADVICE, AND I WILL NOT BE RESPONSIBLE FOR YOUR WINS OR LOSSES, DYOR.
ETH Levels Moving Into the New Year ETH/USDT | Q1 & Q2 2021
ETH/USDT Technical Analysis Moving Into The New Year...
I'd like to see a breakout of this current level of resistance followed by a test as support (which would confirm a buy signal). Watching these levels, I think it's important we don't overtrade during a time like this, instead, we let time work for us. As long as we can hold above $515, I will remain bullish as I still believe there is much more to come once BTC gets truly exhausted and alt-season actually kicks into gear.
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