Ethereum-Already in momentum move to $3kBest accumulation zone for ETH/USDT is 2300-2600 assuming it hits 3000 in this upmove itself, and even a retracement from that level will land it in this zone only. Downside capped at hard base of $2,000.
Capital(10,000) Allocation strategy-
1000- Buy now
3000- around level of $2500 in the retracement move.
6000- wait for sharp correction and buy around $21-22,00.
Ethereum (Cryptocurrency)
Ethereum (ETH) Moves Ahead, Back Above EMA10 +Altcoins UpdateEthereum (ETH) Moves Ahead, Back Above EMA10 +Altcoins Update
Ethereum (ETHUSD) peaked 16-April reaching a new All-Time High, what followed was a sudden but fast correction that took prices all the way down to EMA50 on a wick... Let's see what happens next.
Ethereum Bullish Chart Signals @alanmasters
Yesterday we saw ETHUSD bounce off the EMA21 line to close daily above EMA10 ($2294), this is a bullish signal.
The short-term potential of any altcoin trading pair can be determined depending on where the current active candle is trading compared to the EMA10 indicator.
Above EMA10 we are bullish.
Below EMA10 we are bearish, but this is only short-term.
We also have a very strong RSI above 62 and the MACD on the bullish side as well.
We have an ascending channel/higher highs and higher lows.
The altcoins market, in general, continues to do great, we've seen some short corrections, small retraces, just like Bitcoin did in 2020.
After these small corrections and retraces, we continue growing more and more.
This is expected to continue for the entire year of 2021 and beyond.
What's your take?
Both Bitcoin & The Altcoins Market will continue blessing us with tons of opportunities.
It is a great time to be trading altcoins now.
Remember that patience is key.
Thanks a lot for your continued support.
Namaste.
💡Don't miss the great buy opportunity in ETHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (2000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 2080
TP2= @ 2145
TP3= @ 2199
TP4= @ 2270
TP5= @ 2340
SL= Break below S2
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Ethereum on one day chart.ETH/USDT has been trading above 200 ma and formed a bullish pennant pattern.
Bullish pennant price pattern is uptrend continuation pattern & Ethereum broken the resistance level with good increase in volume. Those who are already in position or planning to enter can enter which half quantity and later see if ETH is retested this pattern. If it does, we can add some more quantity. Trade safe.
💡Don't miss the great buy opportunity in ETHBTCTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.02990).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.20.
Take Profits:
TP1= @ 0.03240
TP2= @ 0.03490
TP3= @ 0.03700
TP4= @ 0.03900
TP5= @ 0.04230
TP6= @ 0.04610
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1731.90).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1863.30
TP2= @ 1946.45
TP3= @ 2040. 40
TP4= @ 2217.00
TP5= @ 2375.50
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
ETH/USDT on 45 min Chart pattern ETH/USDT has been trading below 200 ma and formed a bearish continuation pattern called being rising wedge. Rising wedge can be formed in uptrend & downtrend too.
As ETH is sustaining below 200 ma line , it indicates that bears are in control & we can see some more fall. Levels are drawn for trades. Look for shorting opportunity once support of the rising wedge is broken. Look for long only when channel is broken and ETH sustains above 200ma.
ETH/USDT ON 2 hours chartETH/USDT has broken its major support trendline but couldn’t sustain to stay above 200 MA for a long time. While posting this ETH is trading in a range market, making a bit dicy for confirmations. Looking at the chart patterns we could plot HEAD & SHOULDER pattern. Once the neckline is broken we can look for short position and target can be the length of the start of left shoulder. Trade safe






















