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Ethereum market analysis It’s been awhile since we’ve updated ya’ll with the current market situation. The crypto market has been moving sideways since the last drop from 30k to 17k, hence we have been quiet on the sidelines. This usually indicates an accumulation of orders before its next explosive move. We currently have been motoring #Ethereum and to give a brief update as follows: #Eth on the daily is currently sideways, neither forming higher highs or lows. A break of $1260 could indicate a movement of price towards $1611-1800. This zone is key supply area and will act as strong resistance. We would be looking at selling our reminder of our holdings at these levels. As the chances of it dropping towards 740 - 200 is significantly high in the coming days/weeks. Which is where should this occur , we will be looking at accumulating aggressively at these levels in play for long term holdings. NOTE: This is not financial advice, please do your own research before investing.
by CryptoBlanco
ETHUSDT🔥Let's break down the ETH chart Now the asset is near the global support zone at $1000-1050. What I think is that it is not worth waiting for some kind of global growth within 1-2 months, but inside the day you can take profitable transactions. In the short term, I think we can rebound from the $1000 level towards $1.200-1.350 before the end of the week. ✅Don't forget to visit the channel there is a lot of useful information about trading. ✅Write your comments what you think about this coin.
Long
by DanilBlinkov
#Ethereum Trading Plan 25-26 Jan 2022In this chart of Ethereum I have marked 4 price levels which have been determined based on a proprietary calculation that I have developed. The zone between the top-most and bottom-most price levels is a strict "No Trade Zone". If Ethereum's price crosses the top-most price level, we will be looking for long opportunities and if Ethereum's price crosses the bottom-most price level, we will be looking for short opportunities. Entry criteria: Bullish case: Enter as soon as a 5-minute candle CLOSES above the top-most price level. Bearish case: Enter as soon as a 5-minute candle CLOSES below the bottom-most price level. Stop Loss criteria: Risk: 2% of capital of per trade. Bullish case: Just below the second price level from the top. Bearish case: Just above the second price level from the bottom. Take profit criteria: I personally follow a system wherein I do nothing until 1:1 RR is achieved. But post 1:1 RR is achieved, I adjust stop loss to cost. I then exit 1/3rd of entered quantity based on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . I exit 1/3rd of entered quantity at fixed take-profit level of 1:3 RR. And I exit the final 1/3rd of entered quantity based on a system of setting stop losses that are dynamically adjusted to the nearest retracement after a Day High Breakout (in bullish case) or Day Low Breakout (in bearish case). I have also experimented with systems wherein you can set take-profit at a fixed level of 1:3 RR or alternatively after 1:1 is achieved book full quantity vased on 5 minute candle close below ( bullish case) or above ( bearish case) 15 EMA . Both of these alternative systems have also been profitable. Please note the given zones are valid only until the end of the day. Any open positions must be closed by 05:25 AM IST which is around when the day is about to end in the cryptocurrency markets. Also please note: according to the rules of my system, I don't take more than 3 trades per day on any asset. P.S. I reckon ETH will trade within the zone throughout the day. I reckon it won't even give us a trade today.
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by abhineetramjiwal
Bitcoin to 63KFirstly congratulations to those who took both side profits, ETH Short and BTC long. Seconly- Be brave as I said, we may see 70k by 18th Sep. Thirdly - Cut the noise , keep the long on Now here we go, Bitcoin is pushing the channel (trying to break with volume) very bullish sign, if that happen we definately going to see next leg up till 63k (approximately near ath), take some break there and then , sky is the limit. Do Note - Money can be made by doing perpetual things/ trend should be friend, if you are still continuing like me in btc long position from 39k onwards, you might have made handsome amount. If not, self analysis is needed, why you missed this run. Probably Answer may be FEAR. Anyways Good luck, Keep spreading the channel, if you like the content!
by CryptoTraderBB