Ethereum broke out of this cup and handle pattern in 2h it is coming back to retest the support line if it successfully retest it we may see $1350 in coming week
I will open long once it retested
$ETH
Ethereum forms a bearish pennant in 4h time frame.The pattern is retesting and going down.a short entry can be initiated from the level 1171 and the target will be 1008.Keep an eye on this trade.
Ethereum's sloping fan, which has green, blue and red, three fan-shaped ultra-wide-angle rays, can be used as support or resistance, can also be used as top and bottom, when the price is accurate, ether The square will touch one of the lines, and use this chart to trade accurately without drawing a line.
Ethereum Long Position
Entry Price - 1495 $
Stop Loss - 1240 $
First Target 2000 $
If eth Braked The 2000 $ Resistance Than We Get a New Target .
All the Best.
Ethereum successfully broke out and printed some nice gains, now the zones from which it might get rejected are mentioned let's wait for that and ride the move.
Ethereum (ETH/USDT) seems to be forming a bearish Head & Shoulders pattern. An ABC correction in play with a lower high. At ~1700 we have our stop-loss above a strong resistance - MP/TPO POC + R1. VPVR POC marks the main pivot level and our target is at ~1450 (immediate support below).
MP -> Market Profile
TPO -> Time Price Opportunities
POC -> Point of...
Ethereum could keep falling as it has created a rounding top of larger frame, though we have seen a morning star pattern a bullish reversal signal but it has not sustained which means Bear are much stronger.
Ethereum USD chart on binance follows the Cypher Pattern Rules. As per the harmonic pattern, trend reversal should happen at 0.786 fib level of XC (i.e. ~US$ 2400). First Target ~US$3300.
Ethereum is on edge. The green line must be saved at all costs. It's a Lakshman Rekha. Price almost crawling on the line.
Above that the bull market still intact.
ETHEREUM believe me I haven't seen such a chart in 3-4 months .
it is going up just trust me .and you ll make money.
or just look at the chart and fall in love with it.
first time not giving a stop loss .
