ETH/USD - Weekly Overview Ethereum facing strong resistance at 0.236 FIB Level. Will the positive hype around the merge help it to break above?
Ethereum (Cryptocurrency)
Ethereum (ETH/USDT) 4h Timeframe Important Levels!Pivot: ~1524
- 1st Resistence: ~1624
- 2nd Resistence: ~1822
- 3rd Resistence: ~1923
*Probable Pullback: ~1496
Ethereum forming Head & shoulder pattern.Ethereum is forming a head and shoulder pattern on a daily time frame after retracing the fibonnaci level of 38.2% and 20 DMA.
The coin has given a nice movement and is retracing before another up move.
The coin is trading below the moving averages.
Two confirmation patterns are being formed in the coin on the daily time frame
1. Head and shoulder pattern
2. Bearish III continous pattern
A down side moment can give nice targets as there a 3 confirmation.
1. Trading below 20 ema(daily time frame).
2. Break of Head and shoulder neck line.
3. Volumes are high.
Support :- 1390, 1245.
Resistance :- 1715, 2000
US markets fell about 1000 points (3%).
The crypto markets can also fell the pain.
Wait for the coin to break the support and form some price action near it.
Ethereum, rising wedge breakdown, 1450 on cardsAfter a sharp downmove Ethereum is sliding and can slide further to 1450 where there's a good support.
This is how BTC might perform in futureThe idea is that we can go for long in btc accoding to this analysis, liq is being created and now btc might go for the stoplosses and then to fill fvg. This is my personal opinion not a financial advise or any type of call!
ETHERIUM more weakness ahead. 1350 coming on break of 1480Although there's a mini support of 1480 but the way its showing signs of weakness it can test 1350 in quick span of time. So brace yourself before you place any longs!!
SELL Ethereum heading for 1600A close below this channel would bring ethereum to 1600 evidently as it's the only good support from these levels, I'd be cautious if I'm in the long.
ETHEREUM a head and shoulder in making can test 1600After 1800 its struggling to keep up, and now is forming a nice head n shoulders, which if broken with nice volume would bring 1600. The break of H&S would also bring in the break of upward channel formation. SHORT!
JUST WAITING FOR IT TO BREAK ( ETH is all ready to bleed)from a long time I was waiting for a good entry in Ethereum
now I think we are close to good some really good short positions
the moment it breaks the trend line we will get more assurance regarding the same
I think it has a long way to go down so can get some really good profits
WAITING FOR IT TO CREATE A NEW LOW
THANK YOU
BINANCE:ETHUSDT
Sell Ethereum channel breakdown target 16000After my 1800 target has been completed, I'm waiting for ethereum to retest 1600 to go long. Currently it faces a major resistance near 1800 so I won't be surprised if it comes back down from this upward channel
ETHEREUM REDY TO TAKE A NOSE DIVE!!As the first target is completed, I'd look for a solid pullback around 1600 to consider any re entry, for now ETHEREUM is a good sell. The long term investors can hold. But I'd wait for 1600 levels to look for going long.!
Bitcoin consolidating in a wedge pattern.Bitcoin on the daily time frame has been consolidating in a range and is taking support around its 20 DMA.
On the weekly analysis, the moving averages are getting close enough but the price is below both 20 and 200 ema.
The coin price is around its hourly 20 ema and its taking a support from it.
The coin is forming a rising wedge pattern on daily time frame.
Once the pattern gives a break out, bitcoin can give nice targets on both side.
Watch for the price action before trading the setup.
Support and resistance levels are mentioned in the chart itself.
ETHUSD: CME way | Remaning Gaps with S/R levelThis chart is for those who believe in CME gaps fulfillment strategy while trading i.e. "CME Gaps are likely to fill sooner or later".
In this CME gap chart of ETH i have drawn key S/R levels as well to consider while trading.
For newbies here are the tips to trade S/R levels:
Bullish:
- Breakout, retest and hold above
Bearish:
- Breakdown, retest and rejection
Deviation:
Fakeouts or Deviation occurs when Price tends to go down or up at a key level and makes reversal to trap retails for liquidity.
ETHERIUM GEARING UP FOR 1800!!!! A very beautiful consolidation in a parallel channel, even a little push from here will take it to 1800 easy. I'd go long with a very little SL!!!
ETHEREUM STRONG UPSIDEWith technical analysis, Ethereum will break its current level and reach 2200 USD. Bullish in long term, with increasing in volume.
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1659.02).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1785.24
TP2= @ 1835.00
TP3= @ 1915.00
TP4= @ 2000.00
TP5= @ 2085.00
SL= Break below S2
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Weekly Analyze of Crypto Investing in July, 2022This week, the popularity of the crypto market has increased, and the market has broken through with the trend, and the trend is expected to remain.
BTC’s daily breakout and step back verification trend extended to the weekly line, and finally it successfully stopped falling and completed another breakthrough. The daily line returns to the upward trend, and there is a certain resistance on the upper edge of the upward channel constructed. The support range is 22000-22500, and the pressure range is 26000-26500.
ETH has a positive weekly line and is currently in the process of repairing the second big Yin column in the previous downtrend. If the potential resistance of MA120 is superimposed, the pressure range is 1900-2000. The daily line showed a pull-up, and the consolidation broke through the higher pattern again, and the trend was still strong. Trend defensive range 1500-1600.
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