ETHUSDT
Huge opportunity on Ethereum.Reasons why I'm bullish:
- All of the daily Moving Averages are pointing up, meaning that the prince is tending to go up.
- ETH went up for 13 consecutive days, we need a pullback to keep going up.
- The daily RSI showed that ETH was overbought for the first time after 13 days (Good sign for a pullback).
- We have a nice and clean Double Bottom on the daily chart .
- The (0.382) Fibonacci Retracement is extremely close to our zone of action in our double bottom and the (0.5) Fibonacci is right on a previous support area .
MY BUY ZONE is between:
$2198 - $2400
MY TARGETS are:
1- $2900 (~29%)
2- $3160 (~40%)
3- $3440 (~53%)
MY Stop Loss is:
$1800 (-20%)
Always do your own research before getting in a trade, you always need to know the WHY and WHEN to entry and exit all your trades.
Disclaimer:
This is not financial advise, this post is for educational purposes only.
HUGE OPPORTUNITY on ETH/USDTReasons why I'm bullish:
- All of the daily Moving Averages are pointing up, meaning that the prince is tending to go up.
- ETH went up for 13 consecutive days, we need a retracement to keep going up.
- The daily RSI showed that ETH was overbought for the first time after 13 days (Good sign for a retracement).
- We have a nice and clean Double Bottom on the daily chart.
- The (0.382) Fibonacci Retracement is extremely close to our zone of action in our double bottom and the (0.5) Fibonacci is right on a previous support area.
MY BUY ZONE is between:
$2198 - $2400
MY TARGETS are:
1- $2900 (~29%)
2- $3160 (~40%)
3- $3440 (~53%)
MY Stop Loss is:
$1800 (-20%)
Always do your own research before getting in a trade, you always need to know the WHY and WHEN to entry and exit all your trades.
Disclaimer:
This is not financial advise, this post is for educational purposes only.
ETH weekly chart looking too bullish, could be it started Wave3!#ETH (weekly update)
Trading suggestion:
". There is a possibility of ABC correction retracement done ready for Major Wave3 on the board."
". if it will break 21 WMA then ETH could start its new really from here."
Technical analysis:
. ETHUSDT is try to break 21 WMA, and the beginning of an uptrend is expected.
. The price is touched the 21-Weekly MA, which acts as a dynamic resistance.
. The RSI is at 53 and bounce from it support line which shows bull is upper hand right now.
Take Profits:
TP1= @ 2666
TP2= @ 3290
TP3= @ 4350
TP4= @ 5665
TP5= @ 8711
SL= below 1700 usdt on daily closed bases
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#bitcoin #crypto #nextmove #bullmarket #sideways #ethusdt #weeklyclosed
BTC at supply zone bear will take control The Bitcoin price is above 0.38 Fib and Resistance 2. Now we can see on the chart that the strong supply zone is next to the current price. There are also two strong levels of resistance: 0.5 Fib ($35000) and 0.61 Fib ($36500). While the price is below it I'm still bearish on Bitcoin. Now it is nice opportunity to execute a short trade with the stop-loss above the supply zone.
💡Don't miss the great buy opportunity in ETHUSD @ethereumMidterm forecast:
While the price is above the support 1705.700, resumption of uptrend is expected.
We make sure when the resistance at 2910.700 breaks.
If the support at 1705.700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 1719.100 on 07/20/2021, so more gains to resistance(s) 2035.000, 2178.000, 2346.350 and maximum to Major Resistance (2910.700) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 48.
Take Profits:
TP1= @2178.000
TP2= @2346.350
TP3= @2544.450
TP4= @2910.700
TP5= @3500.000
TP6= @4000.000
TP7= @4367.500
TP8= FREE
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💡Don't miss the great buy opportunity in ETHUSD @ethereum
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1900).
. 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 below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 58.
Take Profits:
TP1= @ 2136
TP2= @ 2283
TP3= @ 2460
TP4= @ 2637
TP5= @ 2894
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSD @ethereum Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1916.5).
. 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 below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 1981.5
TP2= @ 2043.0
TP3= @ 2136.0
TP4= @ 2276.2
TP5= @ 2450.5
SL= Break below S2
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ForecastCity English Support Team ❤️
EthereumTriangle pattern had been observed on 4 hour ethereum charts.
Entery point - anywhere below $2,800
Target - $3,700
Ethereum had been consolidating inside a fixed range for a while now, this is a potential breakout. If the target hits, there is more potential since it will be above many important moving averages, and EIP1559 will start burning token from 15july, these all signs indicate that Ethereum is currently undervalued mainly because of media FUD, but charts and data shows that long term investors and big players had been accumulating more and more ethereum during this dip.