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Ethereum Aims At $344 Or LowerEthereum (ETHUSD) follows Bitcoin (BTCUSD) which is now in a bearish continuation move (see related ideas).
On the 2nd August ETHUSD printed a long lower wick that tested EMA50 as support.
After this test, we ended up with a lower high...
So EMA100 is likely to be tested next.
The target for ETHUSD now sits at $347/$344, which is the 0.618 Fib. retracement level for the bullish move from 28-June to 2-Aug. and also EMA100.
On top of the EMAs analysis above, we can also notice the EMAs starting to curve while the MACD and RSI are trending down.
Conditions for change
The above analysis becomes invalid if ETHUSD moves and closes above $409.
Any trading below $409 and this analysis remains valid and we continue with the bearish view/bias.
Thanks a lot for reading.
Namaste.
P.S. This is not financial advice.
Remember to have a plan and do your own research before you trade.
Ethereum Next Target Mapped ($222, $215, Lower?)Ethereum (ETHUSD) goes together with Bitcoin (BTCUSD) and Bitcoin is starting to drop...
Here we have the next target for ETHUSD.
We will hit ~$226 with a high probability on this drop.
The red volume is high and the indicators curving strong.
But first, ETHUSD will hit MA200 at $234.10, depending on how this level is handled, we will visit $226.46 next.
Based on my EMAs analysis, the 0.786 Fib. support can be hit as well... But this drop is just getting started, let's not get ahead of ourselves.
This is a short-term analysis, not intended for you to trade.
You need to have your own plan and strategy, always remember this, here we are only reading the chart... But when trade, we share the full numbers (buy-in, targets, stop-loss & additional information).
Namaste.
ethereumit seems ethereum made its short term bottom. before some good bounces it may consolidate for some time.
it is just a view. crypto volatility can prove me wrong.
i do not invest or trade in any crypto.
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
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ETHEREUM / ETH / USD - Prediction May 7th 2024🔴 Resistance - 3118 🔴
🚀 Target - 3163- 3193 🚀
🟢 Support - 3090 🟢
🚀 Target - 3039 - 2986 🚀
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Etherem Latest Daily Chart Analysis - Crypto Bhaiethereum has recently hit the bottom around 84 usd. and bounced back frrom 84 to 160 usd. now
resistance of ETH/USD is at 160 USD Approax.
and 2nd resistance of ethereum is almost at 180$
ethereum can easily go upto 180 USD in 10-15 days as the news of ethereum is huge regarding hardfork
DYOR before taking any posiiions as always
Ethereum possible Elliot wave counts Here we have shared possible Elliot wave counts of ETHUSD (for educational purpose only) which are suggesting correction for very short term and this correction can be used as good opportunity to go long for further trend which is expected post this correction, the invalidation level of further up move can be low of previous wave 1 which is pegged at 1071.50, if it breaks below this level then we can assume that our counting is missing something and we may invalidate this structure, Overall we are unfolding some impulse in which we had completed wave (1) and now possibly we are heading to unfold wave (2) and then, post correction we can start wave (3). wave (2) can unfold in three subdivisions like ABC and ABC can unfold in 5-3-5 structure or 3-3-5 structure. Lets see what happens next.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Overall wave structure is shared below
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.