Ethereum will overperform with btc pair Entry below $4000 Stoploss $3800 Target $4300 Target $4550
PAXFUL:BTCUSD ETHEREUM is having a minor correction and it will retest the support zone at 3300$ soon. Which is our buy zone 1.
Ethereum Making good Higher high structure, Good to go for LONG position at CMP or at Breakout, Also taking good support from 20 & 50EMA's Timeframe : 4hour sl :- Low of candle that is 4615 or we can keep big sl for safe side that is 4415 Target can be 10% upside that is 5080 Lets See how it goes Trade on your own risk, Consult with your financial...
This a market structure based price action analysis. As we know currently bull run is going on in CRYPTO UNIVERSE everyone is mostly bullish. But we as trades or investors who are out here should not buy random coins at random price by looking at someone or watching out any meme. So to be a part of this bull run in CRYPTO UNIVERSE it's better be stick to the best...
Ethereum is looking weak and trying cover short opportunities
Ethereum 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.
Ethereum formed a Cup and Handle Pattern previously, and hit the target. Now it has been taking support on a trendline. Currently, it is consolidating in the golden zone of Fibonacci. Now, it might retrace back to the -0.382 level and break its all time high.
ETH has broken out in daily charts, as BTC and general cryptocurrency market is bullish. We can enter ETH longs with SL below the previous trendline and target at all time high (Minimum Risk:Reward Ratio - 1:2). *DYOR
Chart is self explanatory. Only for educational purpose.
ETH got good trendline breakdown and at retest level now chances to go down ETH can see some rejection from 3625 it will be good entry for short position stops above 3700 and the targets we can make of around 3500 , GOOD 1:8 Risk Reward Ratio
buying idea for Ethereum for short time period after break and given successfully closing above the level 3340 in a month we can see the level of 4173 if 4173 level crosses potentially will see 4900 as next target
ETHEREUM 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.
If ethereum will break this pattern it could give a huge breakout either side.
TRADING SUGGESTION: Now we looking to the market got breakout to resistance zone ,so take a buy trade GOOD LUCK Take profit on-1598,1648 . . . . TAKE A TRADE, SIT BACK AND RELAX LIKE AND SHARE
Now we looking to the market got breakout on trend line,so take a buy trade,GOOD LUCK . . . . TAKE A TRADE, SIT BACK AND RELAX LIKE AND SHARE
The only way this idea would go bust is if ETH closes above the 50% Fib at $3,050. As always, DYOR. NFA!
The analysis provided by me is just an analysis. And if these levels happen, then you can buy as well as sell according to the given levels and your condition. But remember for long term investment this is the best oppurtunity where you can wait and watch any invest your money in the dip.
Best accumulation zone for ETH/USDT is 2300-2600 assuming it hits 3000 in this upmove itself, and even a retracement from that level will land it in this zone only. Downside capped at hard base of $2,000. Capital(10,000) Allocation strategy- 1000- Buy now 3000- around level of $2500 in the retracement move. 6000- wait for sharp correction and buy around $21-22,00.