Ethereum (Cryptocurrency)
ETH cup and handle pattern - EthereumAfter descending wedge or descending channel the the breakout and restested the channel line and forming cup and handle formation where we can see of cup has complete and assuming to form a small flag pattern as its handle breakout of the neckline that is 1340 we can seek target upto 1420
Ethereum epic level parallel channelEthereum is an epic parallel channel. Each channel is a support as well as a resistance. The channels in this picture can be used in Ethereum to reach more than 40000 dollars. Whether it is thousands or tens of thousands, the channel lines in different colors in this picture can be used as a reference for trading points
ETHUSD BEARISH FORECASTNEW ETH BEARISH IDEA
ETH has been down for over the past 1year since 11Nov 2021 with highest price of 4868.
The ETH price has been trading down and below falling resistance line up to date, and it is now trading within the range boundaries of 2027 and 1004.
Due to the hawkish expectations from FED and Dollar's strength, we expect price to drop more for about 30-35% of current price, that's 1000, which was last lowest traded price since June 2022.
We expect the ETH to break below support area of 1350 in couple days, after retest we'll hop in market again, Head and shoulder was formed and we expect the closure of candle below neckline also.
Ethereum (ETH/USDT) Short Postition!Ethereum (ETH/USDT) seems to be forming a bearish Head & Shoulders pattern. An ABC correction in play with a lower high. At ~1700 we have our stop-loss above a strong resistance - MP/TPO POC + R1. VPVR POC marks the main pivot level and our target is at ~1450 (immediate support below).
MP -> Market Profile
TPO -> Time Price Opportunities
POC -> Point of Control
VPVR -> Volume Profile Visible Range
Market Profile is best understood as a way to see order in the markets. While not a typical indicator. MP takes the data from each day’s trading session and organizes it to help us understand who is in control of the market and what is perceived as fair value.
Point Of Control shows the bar where the most volume has been traded.
ETHEREUM weak price action 1300 coming on breakIng 1500 BEWARE!Although ETHEREUM has taken a support at 1500 level but the price action suggests there is more weakness to follow if it retests support again & breaks with decent volume 1300 is on the cards, BUT first wait for it to break 1500 decisively.
ETHEREUM massive breakdown ahead? Weekly cup & handle? 450TARGETIt maybe too early to say but does that look like inverted cup & handle on weekly? It would be interesting to see if it breaks that with huge volume, incase it does I would not even touch ETHEREUM for a long period of time. I hope that isn't the case though..






















