ETH'S falling Wedge and next movesETH is in a falling Wedge pattern and the next support level it will be at roughly $1596 or abouts.
Expect that ETH will come down to this level before bouncing out of the rising wedge with key area between $2100-$2200 and major resistance level at $2700.
It would be good to buy at price rejections level $1596 and take profits at $2100-$2200.
Disclaimer* This is not financial advise, please inform decisions off of your own analysis.
Thank s
Marlene
Next
NEXT - Whats Next? $6 or $10? 🤷-Morgan Stanley upgraded its rating on NextDecade from "equal weight" to "overweight," and boosted its price target from $2 per share to $6 per share. That new target is still more than 80% above the current price even after Monday's rally. Underpinning that upgrade is the view that a global recovery in the natural gas market is "well underway."
-Morgan Stanley believes NextDecade stands out in its field because its carbon-capture venture will enable it to produce low-carbon LNG, which should boost its prospects of reaching a final investment decision on its proposed Rio Grande LNG facility. Further, the company should benefit from higher natural gas prices and an expected capacity shortfall in the coming years.
-Those improving market conditions also led Morgan Stanley to upgrade shares of rival Tellurium (NASDAQ:TELL) from "underweight" to "equal weight" while boosting that stock's price target from $2 per share to $8, nearly 90% above its current level. Tellurium's Driftwood LNG project is also on the path to achieving a final investment decision after securing large LNG purchase agreements.
-Energy demand is recovering from the drop-off it experienced earlier in the pandemic. That's making it increasingly likely that NextDecade will be able to move forward with its long-awaited Rio Grande LNG project. That has the potential of generating a significant amount of cash flow for investors. If the company can move forward with that needle-moving project, its stock should have lots of upside.
ETH next move consolidating next Up? Eth has since come down as predicted in my last analysis meeting the $2200 support zone.
Now Eth is pumping on the 1hr chart, while the 12 hourly seems bearish and the 4 hour seems to be reversing the bearish trend.
looking at the RSI and MACD here there is a convergence on the MACD while Eth had come down to $2200 indicating that Eth could re-trend upwards now.
So you can be looking for a breakout of the Trend line anywhere up to $2500 as indicated on the chart. Pay attention to the triangle formation, as it could come down to the right the bottom edge of the triangle point, meeting the major support zone approx $2244 again before begining the Bullish up.
Long entry $4200 SL $2390
Short entry $2425 SL $4230 or until buy signal .
*Disclaimer: Not a financial advise. Please inform your decision based on your own analysis.
Thanks
Marlene
ETHUSDT What's next? Please see the call and put options!Hi All So there seems to be a LOT of bullish sentiment about a market recovery RN
So lets look at the charts...
Focusing on the DAILY chart here.
*Ok main thing here is, we broke the daily EMA for the first time since March 2020 market crash, we are still technically in a bullish upside channel, but the thing is the MACD is still below the EMA ribbon and the RSI should ideally hit below 30, as with all crashes have gone below this level.
*Looking at the resistance an support level we have clear support and resistances at *1550* AND *2450* we came down to 1760 and didnt break below this.
* We have a VERTICAL TRIANGLE FORMED we use this to dictate our trades next...
.. if we close above the current green candlestick we are one, and close higher, we could potentially see it up to 2450 straight BUT most likely we will see it close down, heading down to 1630 as shown.
... From 1630 it will test this level, if it close above we know we can long call option to 2450.
This is my most likely scenario.
You can set longs and puts as ive indicated on the chart background.
Thanks
Marlene
Doge next buy in? My thoughts only New Trader Looking for next buy in opportunities - only investing short term in and outs but maybe it’s worth Hodl ing.