ETH-USD
ETHTF: 15 Min
Interesting area for ETH on shorter TFs. Price may want to drop some more here given the fact it fell out of the corrective channel; however, an inverse H and S may be developing, which would make the pair break to the upside a bit. If price can hold under $1660, then I think it sell off.
ETH BULLISH AFTER COMPLETED BREAKOUT 🙄👑🙄👑Hi dear treaders, Atrium is moving in the ascending channel. After correcting and bearish yesterday, If buyers are unable to keep the price above 1750$, the price will return to the support of 1543$ and then 1462$ support. And then continues to move inside the chanel. The first resistance is 1800$ and second resistance is 2000$.
Wait to breakout completed.
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Good luck.
ETHUSD: The price BOUNCED on its DYNAMIC TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
ETHEREUM/USD
⚪ Technical Analysis :
Since the beginning of February 2021, the price has been moving with a nice uptrend, following and bouncing on its dynamic trendline, closing also its last two h4 candle's sessions above the same level.
It is currently moving above the S/R zone at about 1740 and there is a possibility to see a new bullish impulse.
🔴 Conclusion :
Considering an overall bullish market, closing and starting its last candle above its EMA 100, I'd be confident to see the price growing more and I'll definitely entry long if I'll get a proper confirmation during the next sessions.
I'll plan to entry long if the price will close around the level 1830 and my last target would be the level 2100.
Be very carefully on the resistance zone at about 2000, because it's a strong resistance and the last high formed.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
ETH - Trend Following Setup!As per my last analysis (attached below), ETH rejected the 2k zone and traded lower. NOW WHAT?
ETH is overall bullish trading inside the orange channel and it is currently sitting around the lower orange trendlines so I will be looking for trend-following buy setups on lower timeframes. Knowing that it can still test the 1500 one more time before going up.
As per my trading style/plan:
I will be waiting for reversal buy setups (like a double bottom, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$STMX vs $ETH updateI adjusted the support trendline to give a better visual of the timing of the STMX breakout vs ETH. ETH currently is breaking out vs the USD and STMX is slightly correlated with ETH relative to the dollar. If/when STMX breakouts vs ETH while ETH is moving like this, STMX could 10x very soon
ETHUSD: An upcoming RESISTANCE'S BREAKOUT!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
ETHEREUM/USD
⚪ Technical Analysis :
Since the 10th of February 2021, the price has been consolidating, trying many times to break through the level at about 1850.
On every rejection, the price made a higher lower, creating an interesting ascending triangle pattern.
The price is currently re-testing the main resistance zone with a possibility to see an upcoming breakout and trend continuation.
🔴 Conclusion :
The price is getting high bullish volatility and I'm confident to see a breakout of the main resistance zone.
Overall we are still in uptrend over the ema 200 and I'll be waiting a breakout of the current level before planning my long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Will Eth breakout, or continue to consolidate?Eth has recently weakened in its bullish trend, and been consolidating in a symmetrical triangle pattern. After a big correction yesterday, it has followed bitcoin back to the top of its triangle pattern. Will it break out?
Emas say it’s definitely possible, however Btc rsi is shot on all time frames, and if it dumps it will take all alts with it. I believe Eth is headed back down, will a possible breakout of the pattern to follow. Hoping it breaks long, it’s proven to be weaker than bcash and other alts such as lite coin recently, which is disappointing to say the least. Let’s see some new ATH, pamp it!!!
ETH to break down?ETH is in a consolidation zone with a very strong level of resistance.
The 4hrly candles over the past 24 hours have been rejected at resistance multiple times
ETH is following the same price action as BTC however the rejection off resistance is slightly more volatile
a close below the consolidation zone could see price break trend and head for the demand zone however IMO price wont stay in the area for long.
We are in a bull market so i would expect to see a healthy buy back.
ETHUSD