ETH-USD
ETHUSD Possible LONG Double BottomEthereum price action is beautiful, after a correction and some consolidation, we broke out our descending trendline, and we did a perfect double bottom, with fundamentals from Amazon being part of crypto soon, should support the price too with the rest as we made the last months. Play safe, but i believe we are totally bullish.
💡Don't miss the great buy opportunity in ETHUSD @ethereumMidterm forecast:
While the price is above the support 1705.700, resumption of uptrend is expected.
We make sure when the resistance at 2910.700 breaks.
If the support at 1705.700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 1719.100 on 07/20/2021, so more gains to resistance(s) 2035.000, 2178.000, 2346.350 and maximum to Major Resistance (2910.700) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 48.
Take Profits:
TP1= @2178.000
TP2= @2346.350
TP3= @2544.450
TP4= @2910.700
TP5= @3500.000
TP6= @4000.000
TP7= @4367.500
TP8= FREE
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ETHUSD @ethereumMidterm forecast:
While the price is above the support 1705.700, resumption of uptrend is expected.
We make sure when the resistance at 2910.700 breaks.
If the support at 1705.700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 1719.100 on 07/20/2021, so more gains to resistance(s) 2035.000, 2178.000, 2346.350 and maximum to Major Resistance (2910.700) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 48.
Take Profits:
TP1= @2178.000
TP2= @2346.350
TP3= @2544.450
TP4= @2910.700
TP5= @3500.000
TP6= @4000.000
TP7= @4367.500
TP8= FREE
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETHUSDT UPDATE!!!Hi Traders,
ETH prices have seen a nice increase in buy volume in the last week but have started the week with a sell off. You can clearly see that prices found resistance in the top order blocks before pushing lower. So expect price to push towards the lower FIB levels for support before hopefully pushing back up to the top order block zones. For now we will monitor price action as prices push lower to find support.
As always if you enjoy the content don't forget to click the like button and make a comment on your opinion.
Thanks
MS
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
💡Don't miss the great buy opportunity in ETHUSD @ethereum Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1916.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 1981.5
TP2= @ 2043.0
TP3= @ 2136.0
TP4= @ 2276.2
TP5= @ 2450.5
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Eth/USD - key decision dates ? ETH USD is prepping to make a major move. what possibilities we could face this coming week?
Important dates that keep coming up in my analysis are June 12th, June 13th and June 17th. Something is likely to happen on these date that will determine clear direction of the market.
On the Daily Chat. you can see Eth is preparing to test 2228$ area and subsequently the 1930$ area. On the 3 Hrs, it shows you it is preparing for a major bullish move but if you look closely in the 2H time, you see that bullish pulse is not very strong to support an uptrend.
on the 1H, it looks like it is ready to retest 2600$ area. if it makes this move, then it is more likely to be bullish and test 2228$ area due to the W inverse HS that is forming in 1H time frame.
Keep an eye out on these date and happy trading!
Disclaimer: This is for educational entertainment purpose ONLY. I am not a financial advisor. M’kay !?
TrendTracers Weekly Market Analysis #5TrendTracers sunday analysis
BTC
Not much has changed since last week. We are still bearish but there is room for a correction up to 46k. However in the bigger picture, price is likely to go below the lows of January. Around 28k might be another support level. For now we’ll sit on our hands.
BTC.D
btc.d reacted heavily off lows. Btc.d looks like it’s forming a low. This suggests , with our bearish take overall, that altcoins will drop more compared to bitcoin.
Ethusdt,
Looking kind of similar to bitcoin. Price might retest the order block around 3k. More rejection might lead to new lows.
Ethbtc
Price is below resistance and downtrending. This might be a “dead cat” bounce indicating a bearish move in the future. In general the trend is bearish, expect lower prices on ethereum.
DXY
The downtrend seems to be slowing down. Price is starting to close above the baseline. Dxy broke out of the wedge and the market is starting to look bearish for stocks. There is a lot of greed in the market so we might be able see some form of a recession soon as a consequence of Corona. Our invalidation level would be when the DXY hits below 89.4
USDT.d
The USDT.d broke out of resistance and we saw a big move up. We are currently slowed down at the high and we might see some retests. Close above 5.00 would be a bearish indication for crypto. The usdt.d retest of the resistance will probably happen along with the predicted btc lows.
Conclusion:
The market still looks bearish. We might see some upside since btc got rejected at support so we expect a bounce to the 44 k area. This would be a great time to get out of some alts because we expect further downside from here.
BTC - Relief rallyAs the sentiment in the crypto space is becoming more bearish, a relief rally will liquidate many holders. Compared to the 17 cycle we could expect a instant bounce back to the upside and continuation in the bull market till the top. In 13 however, it took 6 months before we saw any breaking of previous highs. I expect something in the middle will happen in this cycle. I don't think the price will bounce as it did in the 2017 cycle but I also don't think we will trade sideway for 6 months. Rather i suspect June/July will be accumulation phases before we start running up again. I expect to break new highs before summer ends and a continuation from there to our market top somewhere in November.
Let me know what your thoughts are in the comments below.
ETHUSD 4H ( breaking of 2920 will get 3560) Ethusd, in the previous idea we said the price will get the target (2920).
So now the price stoped in the 2920 i think will make a small retest so again will continue to the up growing, be ready.
Buy
Entry: between 2500$ and 2920$
SL. Stabilize under 1780$
Ethereum Rebound to 3700 in trend channel - See it!Dear traders,
A picture says more than a thousand words. You see here the hourly chart of Ethereum and we have just made a double bottom, reached the bottom of the trend channel and are heavily oversold. It's time for a short recovery in my opinion. Prices never go down in a straight line but they do go down in a saw tooth pattern.
Let me be clear, I am not bullish anymore for this moment on Ethereum but for the short term I see a possible rebound to around 3700 / 3800.
As a trader and investor, I believe more in the value of Bitcoin. Simply because the circulation is limited to maximum 21 million coins while with Etereum it is unlimited. Yes there can be mined coins as much as they want. One can just change the algorithm there. Not with Bitcoin because the maximum is already known. What they do is halving Bitcoin every 4 years. You can read about it on the internet. It means that the degree of difficulty is doubled. This means that mining can continue for a very long time with very powerful and expensive equipment that quickly becomes obsolete... That mining is necessary to validate the payment transactions on the blockchain.
Because it takes more power each time to mine, Bitcoin does need to get more expensive to get out of the cost as a miner. I know this because I was a miner myself but changed because trading is better and less risky.
If Bitcoin starts to rise faster than the ALTS we are also going to see a correction in those ALTS but that all remains to be seen. That is the Bitcoin dominance.
It is important to trade what you see and not what you think! Patterns change all the time and you need to adopt you to the new situation. You need to be able toswitch from long to short and vice versa without hesitation. This market is volatile and goes fast up/ down. Don't run behind prices because often you are too late. Better plan your trades at the lower boundery of trenchannels for longs and simular techniques. Than you can make better profits with less risk. Risk management is everything!
Traders, this is purely my personal idea about Ethereum /ETH and not an investment or trading advice! As a trader you should always do your own research and protect your capital with money management. The famous 1% rule or you risk to get to a zero account. With the 1% max loss per trade rule you can trade for a very long time. Do also not overtrade!
If you guys appreciate my work it will be a motivation for me if julle give a thumbs up and follow me for updates.
Wish you all great and safe trading with lot of profits! Take care!