ETH Ethereum: Doesn't Look GoodHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum price looks like it is headed back down from the Support and Resistance Line. There is a rising broaden wedge forming as well.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Ethereumforecast
Ethereum (ETH) Sell ZoneEthereum (ETH) Sell Zone
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BIAS
Short-Term : Neutral
Long-Term : Bullish
Risk : High
Ethereum has been form brearish over the past few hours, showing short-term signs of weakness that could potentially take it further down towards our next short-term support zone support at around $2,970
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$ETH/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 3100 - 3180
TP 1 : 3050
TP 2 : 3010
TP 3 : 2960
TP 4 : 2880
TP 5 : 2820
TP 6 : 2750
TP 7 : 2660
TP 8 : 2600
Stop Loss : 3250
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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ETHEREUM: MOVING AS EXPECTED.Welcome members to this update on ETH.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
ETH is rallying as expected. It broke out of the resistance level which is good but let's be careful here cause the RSI is at overbought range. This could either be a fake-out or an actual breakout towards $3.5k.
Looking at the market sentiment and the RSI, things need to settle down a bit.
Let me know what you think about this idea and if you like it then do like and share.
I will cover more on this in the coming days until then stay safe and trade well.
Thank you.
Ethereum: Snake Charmer 🐍Like a snake captivated by a snake charmer, Ethereum is sprawling upwards to the resistance at $3412. There is a 38% chance that Ethereum could be enthralled enough to cross this line immediately. However, we rather expect it to coil up in the orange zone between $2402 and $1861 to finish wave ii in magenta a bit deeper, before darting upwards above $3412 and higher still.
Ethereum Analysis March 2022 ETHUSDWhite trendline through the middle of both bull and bear cycle is dominant
using moving averages we can estimate where we are in the bull run
The red squares are similar formations, different places in time
Within the smaller square you can see the price brush against the 50MA
Within the larger square you can see the price brush against the 200MA
Using Fibonacci retracement we can see we are at 0.786 level which leaves one pump remaining until we top out for this cycle
ETHEREUM AT RESISTANCE.Welcome to the ETh update.
I'll keep it short and simple. ETH is currently at the resistance of $3040 which is an important level for ETH to break in order to rally higher. A rejection will drop the price back to $2.9k to $2.8k.
We have booked good profit on ETH so far and I am gonna hold 20% of my position just to see if ETH can break through this resistance.
Let me know what you think about ETH.
I'll see you guys on my next update.
Ethereum Classic (ETC) Sell ZoneEthereum Classic (ETC) Buy Zone
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BIAS
Mid-Term : Neutral
Long-Term : Bullish
Risk : High
On 4 hours timeframe, we’re still expecting form out bearish pattern, currently its facing out the mid-term resistance zone.
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$ETC/USDT SHORT SETUP
Leverage : x3 - x5
Entry Price : 39 - 41
TP 1 : 37.35
TP 2 : 35.9
TP 3 : 34.4
TP 4 : 32.9
TP 5 : 31.45
TP 6 : 29.45
TP 7 : 28.15
TP 8 : 26.75
Stop Loss : 42.25
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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ETHEREUM: A PERFECT RETEST OR A DUMP???Welcome members to this update on ETH.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
Let's get back to the chart.
Ethereum made a bold move by breaking out above the trendline but it wasn't enough to trigger the $3k resistance level. If we consider the horizontal resistance level then it is rejection but if we consider the trendlines then it is a retest before the big jump. To get a clear picture of this, we will have to monitor some key areas.
1. ETH is holding strong support at 21 MA which is exactly above the upper trendline. If you followed my previous update (link in the description) then you will know that so far ETH is exactly following the path I analyzed.
2. The only confirmation of whether ETH is bearish or not lies on the current support level. If ETH breaks down below $2.8k then we can expect ETH to reach the bottom trendline.
3. Looking into the positive side, even if ETH bounces back from the current support level, it still needs to break through the $3k resistance level which will be a real challenge for ETH. And once we are through it then $3.2k, $3.4k, and $3.6k will be the levels for ETH.
So, $2.8k is an important level to keep an eye on along with the $3k resistance level.
Note: This is not financial advice. This update is for educational purposes only.
Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible.
I will cover more on this until then stay safe and trade well.
Thank you.
ETHEREUM BREAKING OUT.Welcome members to this important update on ETH.
If you are viewing my post for the first time then do not forget to like and follow. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
ETH broke out of the trendline and currently showing some sign of retest. The chart looks good but somehow I am not convinced with this pattern. Things don’t fit into the picture. The chart looks bullish but the RSI is already in the overbought range. Also, we have resistance at $3.04k which will be important for ETH to break.
For a moment, if we skip the RSI and focus on the chart then I am expecting a retest here and then an attempt to break above the $3.04k resistance.
If this is just a fake-out to trap the noobs then the dump is going to be worse. So, let's keep an eye on the $2.8k to $3k level for now and if you have any leverage trades open then book your profits. If you are facing losses then keep your SL close.
Let me know what you think about this idea and if you like it then do share the link wherever you can. Let this idea reach as many traders as possible.
I will cover more on this until then stay safe and trade well.
Thank you.
ETHEREUM: $3K SOON!!!Welcome folks to my new update on ETH.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
We are already 10% up from our entry and with 10x leverage, it is 100%. Honestly speaking, ETH has the potential to reach $3000 and above by the end of this weekend. I am expecting ETH to reach the upper resistance trendline soon. This will mean a 25% gain and with 10x leverage 250% which is huge for a short-term gain. I am holding it and I will partially close my positions as it will rally higher. Also, I am gonna accumulate more if ETH shows some sign of retest. The invalidation is still on and now even if ETH drops and hits our SL, still we will be out making profits because of this recent rally. This is how we do strategic trading.
I will update you more on this so keep in touch.
Do like, comment, and follow. I highly appreciate it.
Thank you.
ETHUSDT - Short Term BullishFor the next few days, I am bullish on Ethereum . Here's why:
- It's likely that the bottom is around $2400 zone.
- As Bitcoin increases, Ethereum reacts near immediately being the first altcoin with the second largest market cap.
- Phoenix seems very bullish in the 1D Timeframe:
There are reasons thought, why I specifically say "short term".
- No clear reversal pattern
- Vitalik appearing on TIME stating he needs to fix his broken empire (yikes)
Although we can all take a page from his book and commend him for his honesty, this is not what you want to hear from the founder of a project that you are knee-deep in. I suspect that he will implement chances in the medium term that might initially effect the price adversely. This is my expectation for the medium term.
Thanks for taking the time, let me know your thoughts.
ETH/USDT - Potential 55% SetupHello Traders!
ETH has been in a correction phase since December. The sellers' momentum is decreasing, the buyers' activity is still enough to hold the market.
The buying impulse, which will create a breakdown of the existing downtrend, can be the driving force for the market reversal. The next trigger will be a price breakout beyond the $3100 resistance level near which the MA100 on the daily timeframe is located.
In order to begin purchases, it is necessary to wait for the exit of the price behind the level of $3100 with fixing.
A more risky variant is to work from the current price marks. In this case, it is possible to get a good risk/profit ratio.
The targets for correction of the downward movement will be the price levels of $3700, $3970, and $4372.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETHEREUM LONGS 📉📉📉📉 Expecting bullish price action on this asset as price made a bullish BOS (break of strucutre) meaning the trend was shifted from bearish into bullish near the institutional figure 2500 that acts as a valuable area of SUPPORT for the price.
I think we will see in the next days or week the liquidity area above 3300 hit.
What do you think ? Comment below..