ETHUSDT
Ethereum: Bearish view for this monthThis 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!😄
ETHUSDT Bear Flag?
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
💡Don't miss the great buy opportunity in ETHUSD @ethereum 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 dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 4745.05
TP2= @ 4791.15
TP3= @ 4868.01
TP4= @ 4950.00
TP5= @ 5000.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETHEREUM important levels and in a parallel channel 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.
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading 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 dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 4637.49
TP2= @ 4800.00
TP3= @ 5000.00
TP4= @ 5200.00
TP5= @ 5400.00
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ETH Short Term AnalysisEthereum 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.
A clear breakout at the Level of Control for ETHUSDThere is a clear point of control with ETHUSD in my analysis and I know that this is a crucial level for all the coming days ahead. Mostly this level has been tested as support many times so breaking it would result in a downfall to the 1000's range for Ethereum. But, it's mostly. There is always a 30% risk factor in this analysis. So make sure that the SL is at 25% of the price action.
If as predicted the price moves higher we can expect to make a good return in this.
Thanks for the support TV.
ETH; Being the devil's advocate.This is not a prediction, I am not planning on shorting it (unless it starts to become dead obvious)
This is something that has non zero chance of happening so definitely something to be aware of/prepare for.
Dont get caught without a chair if the music suddenly stops :)
Good Luck!
Falling wedge on ETHI’m currently seeing a falling wedge on the 4h. It’s clearly visible that we got a rejection on the 3388 level. I think that if we break out of the wedge we will hit the technical target which will be at around 3500 approximately. It looks like we found support at the 3248 and 3199 level approximately.
Keep in mind that we’ve also got a bullish divergence as indicated by the yellow line. If we see a breakout I’d like to see a lot of volume coming in because of previous support and resistance at the 3388 level approximately.
This is my publication #17. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
ETH IN A CRITICAL ZONEETHEREUM is in a critical area from where it could likely breakdown. But the confirmation comes if it breaks the demand zone as well. Breaking the consolidation zone in the upper side with good volumes could give upward rally as well but that doesn't seem to be a likely case currently.