Search in ideas for "Ethereum"
Ethereum moving in a ascending triangle patternETHUSD moving in a ascending triangle pattern and has to give a daily close above 1450 for moving further. It seems by this month end this close is possible. Let's see how this pans out.
Fingers crossed!!!
Disclaimer: - These views are for educational purpose only and not a recommendation.
ETHUSD: Time for the beast to yawnEthereum, making some moves and likely to show a bottoming pattern in place. Watch the levels for a possible dip (last chance to get on the long side) for a move to $370.
Longer term descending triangle target reached, followed by a bounce and a higher low while forming an ascending triangle pattern at the moment. 370 should be an interesting level to watch. A breakout above this could see something bigger shaping up.
Neutral for now, long once the mentioned level near 135 is tested.
Ethereum following similar bullish patternIn the last correction, we could see high ADI and Ether trading flat before it broke out past the .1 BTC level. It is following a similar pattern as of now. My estimation is that it will be breaking past top resistance and trading flat around $1400-1500 before booming even further. Long term horizon, mid Feb - $2200.
💡Don't miss the great buy opportunity in ETHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (2000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 2080
TP2= @ 2145
TP3= @ 2199
TP4= @ 2270
TP5= @ 2340
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1731.90).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1863.30
TP2= @ 1946.45
TP3= @ 2040. 40
TP4= @ 2217.00
TP5= @ 2375.50
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 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 ❤️