ETHUSD Potential for Bullish Rise| 12th January 2023Looking at the H4 chart, my overall bias for ETHUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a retracement buy entry at 1347.62, where the previous high is. Stop loss will be placed at 1238.76, where the 78.6% Fibonacci line is. Take profit will be at 1546.28, where the 78.6% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETH-USD
ETHUSD Potential for Bullish Rise| 11th January 2023Looking at the H4 chart, my overall bias for ETHUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy stop entry at 1351.87, where the previous high is. Stop loss will be placed at 1234.20, slightly above where the 61.8% Fibonacci line is. Take profit will be at 1479.94, slightly above where the 61.8% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Rise| 10th January 2023Looking at the H4 chart, my overall bias for ETHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
. Looking for a buy limit entry at 1272.01, slightly below where the 50% Fibonacci line is. Stop loss will be placed at 1234.20, slightly below where the 61.8% Fibonacci line is. Take profit will be at 1351.87, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 9th January 2023Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the chart being overall bearish on the larger timeframe , indicating a bearish market. Looking for a sell limit entry at 1304.82, where the 78.6% Fibonacci line is. Stop loss will be placed at 1374.85, slightly above where the recent swing high is and liquidity is. Take profit will be at 1182.99, where the 78.6% Fibonacci line and liquidity hotspots are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 6th January 2023Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the chart being overall bearish on the larger timeframe , indicating a bearish market. Looking for a sell stop entry at 1238.76, where the 38.2% Fibonacci line is. Stop loss will be placed at 1351.87, where the recent swing high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 5th January 2023Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the chart being overall bearish on the larger timeframe , indicating a bearish market. Price has tapped into my sell entry at 1238.76, where the 38.2% Fibonacci line and previous high is to clear the liquidity. Stop loss will be placed at 1351.87, where the recent swing high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETH is DEAD 2023!!!Ethereum price analysis shows a downward trend.
ETH has retreated from its two-day high of $1,219.
ETH is consolidating above $1,200, with a bearish tilt.
According to a recent Ethereum price analysis, the price of ETH has been bouncing in a very narrow range over the last few weeks. Ethereum has had a minor reversal today after a two-day run that saw the cryptocurrency briefly rally near $1,250 resistance.
Over the last two weeks, the price of Ethereum has been fluctuating in a band between $1,200 and $1,250. The bulls have failed to clear the critical barrier at $1,250 convincingly, and ETH/USD may potentially fall toward the $1,150 support level.
The overall market mood continues to be pessimistic, with ETH slipping below the 20-day moving average.
Ethereum is currently at $1,209.94, a 0.75 percent decrease from its two-day high of $1,219. The bulls must defend the $1,170-$1,180 support zone to commence a new rally toward $1,250.
A strong close below $1,170 may pave the way for a further slide toward the 50-day and 100-day moving averages, which are both at $1,100. The bulls must break above $1,250 to initiate a new rise in ETH/USD.
Ethereum price analysis on a daily chart reveals that ETH has been consolidating in a range above the $1,200 support. However, it has dropped out of the content in the last few hours. If the bears can sustain the price below $1,170, a more significant drop toward $1,100 is likely.
To begin a new upward trend, Ethereum must break over the $1,220 barrier. The overall market attitude is adverse, and bulls must generate momentum above $1,200 and $1,220 to sustain the price above essential supports.
On the 4-hour chart, the Relative Strength Index is below 50, indicating a bearish trend in ETH/USD. The MACD is also in the negative area, implying that ETH will suffer further losses in the short term.
Conclusion of Ethereum price analysis
Finally, Ethereum price analysis indicates that ETH/USD may continue erratic and range-bound until it finds a definite direction. On the downside, if the bears can break through the $1,170 support level, a larger drop toward $1,100 is likely. On the plus side, the bulls require to break above $1,220 and $1,250 levels to start a fresh increase.
ETHUSD Potential for Bearish Drop| 4th January 2023Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1238.76, where the 38.2% Fibonacci line and previous high is to clear the liquidity. Stop loss will be placed at 1351.87, where the recent swing high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 3rd January 2023Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1238.76, where the 38.2% Fibonacci line and previous high is to clear the liquidity. Stop loss will be placed at 1351.87, where the recent swing high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 30th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1213.77, where the 50% Fibonacci line is. Stop loss will be placed at 1351.05, where the recent high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 29th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1213.77, where the 50% Fibonacci line is. Stop loss will be placed at 1351.05, where the recent high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
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ETHUSD Potential for Bearish Drop| 28th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1213.77, where the 50% Fibonacci line is. Stop loss will be placed at 1351.05, where the recent high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 27th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1213.77, where the 50% Fibonacci line is. Stop loss will be placed at 1351.05, where the recent high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 23rd December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1213.77, where the 50% Fibonacci line is. Stop loss will be placed at 1351.05, where the recent high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 22nd December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1213.77, where the 50% Fibonacci line is. Stop loss will be placed at 1351.05, where the recent high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 21st December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1213.77, where the 50% Fibonacci line is. Stop loss will be placed at 1351.05, where the recent high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 20th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1213.77, where the 50% Fibonacci line is. Stop loss will be placed at 1351.05, where the recent high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 19th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1213.77, where the 50% Fibonacci line is. Stop loss will be placed at 1351.05, where the recent high is. Take profit will be at 1073.42, where the recent swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bearish Drop| 16th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1305.02, where the 38.2% Fibonacci line is. Stop loss will be placed at 1374.09, where the 50% Fibonacci line and recent high is. Take profit will be at 1213.77, where the 50% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Continuation | 15th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. Looking for a possible buy stop entry at 1308.21, where the 38.2% Fibonacci line is. Stop loss will be at 1240.78, where the recent swing low is. Take profit will be at 1490.14, slightly above where the 61.8% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Continuation | 14th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. Looking for a possible pullback buy limit entry at 1308.21, where the 38.2% Fibonacci line is. Stop loss will be at 1240.78, where the recent swing low is. Take profit will be at 1490.14, slightly above where the 61.8% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ETHUSD Potential for Bullish Rise | 13th December 2022Looking at the H4 chart, my overall bias for ETHUSD is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. Looking for a possible buy stop entry at 1308.21, where the 38.2% Fibonacci line is. Stop loss will be at 1150.09, where the previous swing low is. Take profit will be at 1490.14, slightly above where the 61.8% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.