ETHUSD Potential for Bullish Momentum | 20th October 2022The current overall bias for ETHUSD is bearish, according to the H4 chart. However, the price has closed above the Ichimoku cloud, indicating a likely bullish trend in the short term. It would be good to look for a buy stop entry at 1344.40 with a stop loss at 1190.00, the previous low and 100% Fibonacci line. The take profit level will be 1489.89, which is near where the 50% and 78.6% Fibonacci lines are located.
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ETH-USD
ETH UPDATEI want to see if price can reach the support zone. The 4 hour RSI is oversold. The 1 hour RSI is at the 50 level. The 4 hour Mac d is still on the top side and could continue to lose momentum. I want to see the 1 hour RSI reach oversold and I will look to see where price is at. With my sentiment of the DXY going back to retest the recent high, I can envision ETH having some more room to the downside. Let’s see what happens.
ETHUSD Potential for Bullish Momentum | 19th October 2022According to the H4 chart, the current overall bias for ETHUSD is bearish. However, the price bounced off 1267.20, the intersection of the 50% and 38.2% Fibonacci lines. Price also closed above the Ichimoku cloud, indicating a possible short-term bullish trend. A buy stop entry at 1344.40 with a stop loss at 1190.00, the previous low and 100% Fibonacci line, would be ideal. The take profit level will be 1489.89, which is around the 50% and 78.6% Fibonacci lines.
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ETHUSD Potential for Bullish Momentum | 18th October 2022The current overall bias for ETHUSD is bearish , according to the H4 chart. However, the price bounced off 1267.20, which is where the 50% and 38.2% Fibonacci lines intersect. Price also closed above the Ichimoku cloud indicates that there might be a short term bullish trend . Looking for a buy stop entry at 1344. 40 with a stop loss at 1190.00, the previous low and 100% Fibonacci line. The take profit point will be at 1489.89, which is slightly where the 50% and 78.6% Fibonacci lines are.
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ETHUSD Potential for Bullish Momentum | 18th October 2022The current overall bias for ETHUSD is bearish , according to the H4 chart. However, the price bounced off 1267.20, which is where the 50% and 38.2% Fibonacci lines intersect. Price also closed above the Ichimoku cloud indicates that there might be a short term bullish trend. Looking for a buy stop entry at 1344.40 with a stop loss at 1190.00, the previous low and 100% Fibonacci line. The take profit point will be at 1489.89, which is slightly where the 50% and 78.6% Fibonacci lines are.
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ETHUSD Potential for Bullish Momentum | 17th October 2022The current overall bias for ETHUSD is bearish, according to the H4 chart. However, the price bounced off 1267.20, which is where the 50% and 38.2% Fibonacci lines intersect. Looking for a buy entry at 1304.85 with a stop loss at 1190.00, the previous low and 100% Fibonacci line. The take profit point will be at 1405.86, which is the previous low and the 100% Fibonacci line.
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ETHUSD Potential for Bullish Momentum | 14th October 2022Looking at the H4 chart, the current overall bias for ETHUSD is bearish overall. Price has turned short-term bullish with price currently above the Ichimoku cloud. Looking for a retracement buy entry at 1264.31 where the 50% and 38.2% Fibonacci line are intersecting. Take profit will be at 1405.86, where the previous low and 100% Fibonacci line is located. Stop loss will be at 1190.00 where the previous low is located.
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ETHUSD Potential for Bearish Momentum | 13th October 2022On the H4 chart, the overall bias for ethusd is bearish. To add confluence to this, price is below the Ichimoku cloud, indicating a bearish market.
Looking for a possible retracement sell entry at 1340 where the 61.8% Fibonacci line is located. Stop loss will be set at 1384 where the previous short-term high and 100% Fibonacci line is located. Take profit will be at 1220 where the previous low is.
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ETHUSD Potential for Bearish Momentum | 12th October 2022The current overall bias for ETHUSD is bearish, according to the H4 chart. To add to this bias, the price is currently below the Ichimoku cloud, indicating a bearish market. Looking for a retracement sell entry at 1340.00, which corresponds to the 61.8% Fibonacci line. The stop loss will be set at 1384.41, just above the previous swing low and the 100% Fibonacci line. Because of the intermediate resistance highlighted by the dotted red line, I did not set my stop loss at 1384.41. Price may function as a magnet and gravitate towards that location. The take profit level will be 1220.00, which is the intersection of the 0% Fibonacci line and the previous low.
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ETHUSD Potential for Bearish Momentum | 11th October 2022Looking at the H4 chart, the current overall bias for ETHUSD is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Looking for a retracement sell entry at 1339.92, where the 61.8% Fibonacci line is located. Stop loss will be placed at 1384.41, slightly above where the 23.6% Fibonacci line and 100% Fibonacci line is located. Take Profit will be placed at 1220.00, where the 0% Fibonacci line and previous low is located
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how low can you goexpecting a drop to $1100 or so.... some money trapped up at $1600
but holding until the retrace... currently expecting a heavy drop possibly down to the yellow circle and a wicked retrace for inverse H&S
if not sideways movement for quite some time.
keep in mind if it drops fast there will be some good scalping opportunities for the move back up to keep a legit market
TA not FA
ETHUSD Potential for Bullish Momentum | 10th October 2022The general trend for ETHUSD on the H4 chart is bearish. However, for the previous four weeks, the price has been consolidating between 1413 and 1217. With price currently moving in a tiny bullish channel with higher highs and lower lows, I'm looking for an instant buy entry for ETHUSD at 1325.70 with a stop loss at 1220.00, which is the previous low and 0% Fibonacci line. The take profit point will be at 1500, where the 78.6% Fibonacci line and the 50% Fibonacci line intersect.
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ETHUSD Potential for Bearish Momentum | 7th October 2022On the H4 chart, the overall bias for ETHUSD is bearish. Looking for a retracement sell entry at 1500.57, where the 78.6% and 50% Fibonacci lines intersect. Stop loss will be set at 1584.44, just above two of the 61.8% Fibonacci lines. Expecting to profit from the bearish momentum at 1220.00, where the previous low and 0% Fibonacci line are situated.
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ETHUSD Potential for Bearish Momentum | 6th October 2022The overall bias for ETHUSD on the H4 chart is bearish. Looking for a potential sell entry at 1438.12, where the -61.8% Fibonacci expansion line intersects with the 38.2% Fibonacci retracement line. The stop loss will be set at 1519.08, just above the 50% Fibonacci line. The take profit point will be at 1193.06, which is the 161.8% Fibonacci extension line.
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ETHUSD Potential for Bullish Momentum | 5th October 2022On the H4 chart, there is a significant bearish trend for ETHUSD. However, the price closed above the ichimoku cloud overnight, indicating a potential shift to a short-term bullish direction. In search of a buy entry at 1329.16, which is the 38.2% Fibonacci line. Stop loss will be at the previous low and support level at 1261.90. The previous swing low, 100% fibonacci, and 38.2% fibonacci lines, as well as 1420.74, will serve as the take-profit point.
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ETHUSD Potential for Bullish Momentum | 4th Oct 2022The price of ETHUSD on the H4 chart is only in a bearish trend. However, price has closed above the Ichimoku cloud, indicating a short-term shift in market direction to bullish. Looking for a buy entry at 1309.27 with a stop loss at the previous low of 1220.00. The take profit level will be 1420.74, which is the intersection of the 100% Fibonacci line and the previous swing low.
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ETHUSD Potential for Bearish Momentum | 3rd Oct 2022Price is in a strong bearish trend on the H4 chart. In addition, the price is below the ichimoku cloud, indicating a bearish market. Looking for a quick sell entry at 1297.15 for a quick scalp. The stop loss will be placed slightly above the 23.6% Fibonacci retracement line at 1373.46. The take profit level is 1192.54, which corresponds to the Fibonacci extension line of 161.8%.
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ETHUSD Potential for Bearish Momentum | 30th Sept 2022On the H4 chart, price is in a strong bearish trend. Look for a retracement sell entry at 1438.59, where the Fibonacci 38.2% and 100% lines intersect. The stop loss will be set at the 50% Fibonacci retracement line, which is 1506.43. The take profit level will be 1192.54, which corresponds to the 161.8% Fibonacci extension line.
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ETHUSD Potential for Bearish Momentum | 29th Sept 2022Price is in a strong bearish trend on the H4 chart. In addition, the price is below the Ichimoku cloud, indicating a bear market. Looking for a retracement sell entry at 1438.69, where the 38.2% and 100% Fibonacci lines intersect. The stop loss will be set at 1504.93, which is the 50% Fibonacci retracement line. The take profit point will be at 1192.54, which is the 161.8% Fibonacci extension line.
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ETHUSD Potential for Bearish Momentum | 26th September 2022On the H4, ETHUSD is on a strong bearish trend. We are looking for a pullback sell entry at 1561.33 where the 61.8% Fibonacci line and 61.8% Fibonacci projection line are. Take profit will be at 1190.90 where the 161.8% Fibonacci extension line is. Stop loss will be at 1789.98 where the previous swing high is.
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