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Etherium

ETH at necklineAfter a freefall eth halted at major level of 2160 and started consolidating now it has formed a inverted head and shoulder currently the neckline and the mid resistance at 2630 after the breakout and retest it can go upto 20% which will be 3200 usdt NOTE: * used shciff ptichfork the price bounced back from lower median * after the confirm breakout with bullish candle trade above the 0.5 of median line(black) * the price might bend or retrace from black median line and as per my projection there wont be parabolic move or else will have to redo the analysis * it is a postional trade but initiate it with your own risk and trading style let me know your feedback in comment about opinion on the short term view happy trading ....!
Long
by Jimmy_Rebello
Double Bottom: Bullish Move in EtheriumAs per my last analysis, etherium has broken the 2400 resistance. The price pumped almost to the 2700 mark before falling down for a sharp correction. Meanwhile, you can see a double bottom pattern forming on the daily chart as well as the one hour chart. This signifies a major upward movement with a potential of breaking out the 2900 level which has been the ATH for some time. The ema at 2400 level which can be seen on 4 hour time frame is confirming that price won't fall below 2400, hinting the upcoming trend. Now, it is difficult to time the market, but next few weeks seems to be promising, if no major manipulations occur.
Long
by Ash002
1
Etherium Breakout: A Matter Of Time 🚀Etherium has hovered from 1700-2400 range for a while, touching 1700 support thrice. However, it is the very first time that the price has crossed 55 EMA on the daily chart. With this EMA acting as a support line and positive news about Etherium's utility, it's only a matter of time that the 2400 resistance will break, setting a new target at 2900. The price range is currently getting narrowed with EMA giving support at 2200, and a resistance at 2400. A major breakout is inevitable. The trendline has also been broken, further hinting the upcoming bullish move. Disclaimer : Trade at your own risk. Happy Trading!
Long
by Ash002
1
ETHUSD Coinbase - Looking for EntryEtherum has had a great long term run since April of last year. The overall trend of the coin is still ok. I look to make sure the price is still above the 200 day EMA which it is right at that point. I am looking for entry here, though the Supertrend still has not given a good indicator to re-enter. As long as the price stays above the EMA once Supertrend goes green I will probably make the entry. But like most coins right now there is a chance the trend will continue and entry will have to wait. Their is no set pattern over the last year showing how ETH acts. The last time it dipped to a downtrend it was for a few months but before then it lasted almost a half a year before it recovered in April 2020. We are at another consolidation period as the trading has gone horizontal with low volume and in a slump like COINBASE:BTCUSD . Both coins are in a strange holding pattern waiting for the next breakout. If COINBASE:BTCUSD breaks out like I hope as I believe it will after a two month slump, I think COINBASE:ETHUSD will see some momentum and start to trend up, though we will know more within the next few days. I am holding off entering until we know where the trend is taking us.
COINBASE:ETHUSD
by UnknownUnicorn2091450