$ETH Short Scalp Set Up 15M Time Frame Update The head and shoulder formation played out just as I expected. Congrats to those who entered this short while many others longed.
$ETH has gone down around 4% confirming the head and shoulder pattern I managed to catch before the quick dump.
With the market still looking bullish, we could potentially see the price action move down a little more, even bouncing from the 0.5 - 0.618 Fib retracement levels.
Ethshort
Bearish Continuation of ETHUSDSymmetrical Triangle is a trend continuation pattern. Trend is bearish. I would expect a wipeout of longs from summer 2021 bottom of 1.7k area before continuing a new bull trend. I always look for double bottom, triple bottom or Inverse H&S with decreasing slope for any reversal signs. I don't see any reversal signs on ETHUSD.
Ethereum Sell a Break Setup.Ethereum - Intraday - We look to Sell a break of 3298 (stop at 3371)
We are trading at overbought extremes.
A higher correction is expected.
A break of bespoke support at 3300, and the move lower is already underway.
20 4hour EMA is at 3300.
20 1day EMA is at 3000.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 3103 and 3033
Resistance: 3400 / 3500 / 3600
Support: 3300 / 3200 / 3100
ETH has overcome resistance and remains just above it.Hello everyone, let's take a look at the 1H ETH to USDT chart.
Let's start by marking the local uptrend line, the price of ETH keeps climbing our line.
Now let's move to the support line as you can see the first support is around $ 3,010, however if the current support is broken the next support is $ 2,851, $ 2,718 and $ 2,591.
Looking the other way, it's also worth highlighting the resistance points that price has to overcome and we can see that the first resistance is $ 3,396, the next is $ 3,732, and the next is $ 4,157.
It's worth paying attention to the CHOP indicator, which shows that despite the last move we still have some energy.
Ethereum Buy the previous resistance.Ethereum - Intraday - We look to Buy at 3051 (stop at 2978)
Daily signals are mildly bullish.
Previous resistance at 3050 now becomes support.
We look to buy dips.
50 4hour EMA is at 3060.
Our profit targets will be 3248 and 3298
Resistance: 3200 / 3280 / 3400
Support: 3100 / 3050 / 2980
Ethereum Sell a break setup.Ethereum - Intraday - We look to Sell a break of 2738 (stop at 2801)
Daily signals are bearish.
Buying at the start of the week has stalled and prices are reversing.
The trend of lower highs is located at 2820.
A break of the recent low at 2740 should result in a further move lower.
Our profit targets will be 2584 and 2524
Resistance: 2840 / 2880 / 3000
Support: 2780 / 2740 / 2700
ETH Sell into a rally.Ethereum - Intraday - We look to Sell at 2748 (stop at 2811)
Daily signals are bearish.
Preferred trade is to sell into rallies.
2755 has been pivotal.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 2581 and 2511
Resistance: 2620 / 2680 / 2750
Support: 2550 / 2500 / 2450
Ethereum Sell a Break Setup.Ethereum - Intraday - We look to Sell a break of 2568 (stop at 2641)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
2570 has been pivotal.
A break of the recent low at 2574 should result in a further move lower.
Bearish divergence is expected to cap gains.
Our profit targets will be 2381 and 2321
Resistance: 2750 / 2815 / 2900
Support: 2570 / 2500 / 2400
Ethereum Sell a Break Setup.Ethereum - Intraday - We look to Sell a break of 2829 (stop at 2902)
Daily signals are bearish.
A break of the recent low at 2853 should result in a further move lower.
2830 has been pivotal.
Our profit targets will be 2633 and 2563
Resistance: 3000 / 3100 / 3200
Support: 2900 / 2800 / 2700
Ethereum Sell a Break of recent low.Ethereum - Intraday - We look to Sell a break of 2689 (stop at 2758)
Daily signals are bearish.
A break of yesterdays low would confirm bearish momentum.
A break of bespoke support at 2700, and the move lower is already underway.
We look for losses to be extended today.
Short term momentum is bearish.
Our profit targets will be 2505 and 2455
Resistance: 2750 / 2840 / 2980
Support: 2700 / 2600 / 2500
ETH Sell the trend of lower highs.Ethereum - Intraday - We look to Sell at 2928 (stop at 3001)
Daily signals are bearish.
Trend line resistance is located at 2928.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 2751 and 2671
Resistance: 2820 / 2950 / 3050
Support: 2700 / 2600 / 2500
Will ETH break the approaching resistance?Hello everyone
Let's look at the 4H ETH to USDT review.
Please note that the price is moving under the blue downtrend line.
We can designate 3 support locations for the near future at $ 2,584, $ 2,459 and $ 2,296
Looking the other way, let's move on to the determination of the resistance line which the price has to break in the event of an increase, at this moment the price is approaching the first resistance at $ 2674, if we manage to break it, we have another resistance at $ 2792 and another at $ 2905.
Note that the CHOP indicator shows that the energy in this interval has already been used
ETHEREUM 4H Analysis. Up or Down ? (Update)🟢 ETH rejected from the resistance of $3000 area. ETH is now taking support at $2580-$2600 area and needs to hold this level. The first resistance is $2750-$2760 level and $2850 area. The major resistance is $3000-$3150 area. If ETH breaks the $2580 support then the next good support is the $2350 area. USE proper stop loss in your trade.
⚠ This Analysis will be Updated.
✍ Analyzed By Amirhossein
⚠ DYOR