Here is an analysis of ETHUSDT pair on 4hr time frame. There is rising wedge in long term pattern and falling wedge in shorter term pattern.
look for price action and its not a financial advice
This is not an investment advise!!! Head and shoulders pattern formation on ethereum on a Daily timeframe Target should be around 3400 levels. * I'm not an expert analyst. This is something is just learnt, so I'm sharing this with public. If you guys find anything wrong with this post, you can tell me about that in comments. Have a nice day!😄
entry stoploss and target are mentioned eth can retest his support 4200
On daily time frame, RSI is making lower highs but the price is making higher highs. That in my experience is a bear divergence with clear rising wedge pattern. Keep an eye on all the price levels when ETH breaks down the triangle. The only thing that can keep this from happening is announcement of L2 or ETH2 merge on ETH mainnet
This week Eth might cross its ATH then 4800$ will act as a support and resistance will b3 5000$. If EtH crosses 5000$ then it can go 6000$.
ETHUSDT has been testing the parallel channel for the last few hours. If it breakouts a rally will be expected else it might form a new dip. DYOR
ETH If break this neckline it will go again LONG. #bitcoinnewsglobal #bitcoinnews #cryptocurrency #binance #coinbase #crypto #cryptocurrency #btc #bitcoin #cryptonewsIndia #bitcoinnewsindia #bitcoinnewsindia #cryptoIndia
ETHUSDT Analysis IMO Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (4582.85). . 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...
ETD/USD has been following a parallel channel for a couple of months. Ethereum has been following a rise and fall pattern while being in a parallel channel and following the channel. Keeping in mind the current crypto rush we can expect Ethereum to follow the same channel unless there is a breakout from the resistance zone or a sell-off from the support zone.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (4436.18). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETHUSD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Ethereum is looking weak and trying cover short opportunities
Ethereum Has broken out of short term consolidation and it seems to bullish for the shorter time frame. So it may Rally Further or Retest the trendline to rally. If it breaks the current support trendline, it will find support near the trendline below it. If Traders have higher risk appetite, they can extend stoploss to take supports from trendlines below.
Ethereum formed a Cup and Handle Pattern previously, and hit the target. Now it has been taking support on a trendline. Currently, it is consolidating in the golden zone of Fibonacci. Now, it might retrace back to the -0.382 level and break its all time high.
ETH has broken out in daily charts, as BTC and general cryptocurrency market is bullish. We can enter ETH longs with SL below the previous trendline and target at all time high (Minimum Risk:Reward Ratio - 1:2). *DYOR
Bullish ascending triangle Cup and handle formation Break out above violet rectangle