last 2-3 weeks we seen huge buying in ETH coin, in upcoming months its going pump very hard.
entry and targets are given on the chart. Please Like and comment if there are any queries.
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Demand Zone 3929/ 3979
Buyers momentum are strong in past
strong bullish candlestick inverted hammer at support 4040
strong major support zone 3923
eth usd is minor bullish but major bearish
trend changed totally in last few days. upcoming days are bearish
Eth is forming a Head and Shoulder pattern and it breakout already.
Testing the Horizontal green line was the confirmation, the technical target is $2059.65 but there is falling support line according to that I thing target is around $2155.46.
I show a Bearish Divergence ( Between Blue Vertical line).
Comment down your opinion about this pattern.
ETHEREUM as we shared, has given a good reversal from the support zone. Fibonacci 38.2% level and 200 MA has acted as a strong support.
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I will short ETHUSD because :
It is facing a strong resistance at the trend line .
Its not been able to break that trend line .
The price is again at the resistance trend line and may fall.
If it breaks the resistance trend line then we will be looking to buy.
Entry : 369.22
First Target : 365
Second Target : 361
Stop loss : 370
ETHUSD had a nice pullback to the LOB V of the last crash. Although, It is struggling at the SnR zone. Secondly,The uptrend channel has been broken and sellers have arrived. A nice short to $84?
Not too much to say here. A non-leveraged trade on ETH/USD pair after looking at these bearish signs. We believe that it's going downtown harder this time.
A short between 170-175$ with stop above 195$.
Targets will be 150-130-110-90$.
The next volume break should be a Bearish one let's see.
In the long run we should remain Bullish for our top crypto investments.
