Search in ideas for "ethusd"
#ETHUSDGoing short on ethusd as there is the formation of bearish flag pattern and even there is strong resistance at 2150 level. From a longer perspective, I see a great fall from the retail side, but if we see from an institution view there would be a reversal for a short time period to show a reversal but again there would be a trend continuation.
ETHUSDETH USD
resistance at 3004.
Support is at 2019.
Demand zone is 1542-1264.
Whenever demand zone is tested could be opportunity
for accumulation.
RSI still not hit the oversold zone.
Best decision making time is in Oversold and Overbought zone.
Depending on the time frame of the chart and depending
on the perspective/vision of the trader, the oversold and
overbought may be used.
ETHUSD fall comparitively lesser that BTCUSD and other
crypto.
Pullback will be more used by investors who are stuck up
with long position.
Lower time frame overbought in 4 hour, 6 hours or even 12 hours
on RSI
would be opportunity for investors to reduce exposure or take profits
3000 is the resistance
if breakout above 3000 is witnessed then rise to 3560
as the supply zone for profit booking or exiting long
which could be matched with overbought in
lower time frame charts.
Ethusdt 4h. Bullish structure broked to the downside and price currently holding to retracement below the upward parallel channel. any moment price moving 185 and lows then huge crash ahead 50% to price at 150.
Reasons:
1. Rsi making higher lowe with divergence
2. Price structure broke to downside of the upward parallel channel
3. Holding pullback level 189.80
ETHUSD BULLISH IDEAETH managed to trade above the resistance and had recently broken our falling resistance, the next target for buy buyers will be 1258 as it's the closest resistance.
Note:
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ETHUSDT: What should be traded and note?The ETH/USDT chart suggests a possible bearish move:
Resistance: Around $2,462, price may test this level but face rejection.
Support: The support zone is at $2,420, where the price could potentially fall.
Trading Plan: Short near $2,462 if rejection occurs, targeting the $2,420 support. Place a stop loss above $2,500 for safety.
This is a straightforward approach based on current chart patterns and key levels.
ETHUSD BEARISH IDEAMy ETHUSD Idea, I'm not saying this must fall, but bear in mind that I'm bearish with ETHUSD.
And it may not follow the exact path however it is more expected to break the ascending trend line /trend channel. The 4H trend channel is not a fully Bullish run but a correction, if you can remember the DXY has followed the way down due to the NFP report, and it was bounced back which shows the strength of DXY.
In other ways, if we look at the D1 timeframe, you can see that head and shoulders likely formed already, and if we ignore this then, below the bearish flag pattern was formed and got broken, this highly shows weakness to buyers in a long run.
And you can see the second bearish flag pattern was formed again which some Jaga Jaga happened with buyers and sellers and so far we can see inside that may probably take buyers all down to the support level of 1425 but it was a wick and price rejected so it was wick down there but the significant support level to look at is 1371.
Now we are looking forward to seeing the bearish flag break and then the bearish run will resume and we expect more down for ETH.
ETHUSD BEARISH IDEAMy ETHUSD Idea, I'm not saying this must fall, but bear in mind that I'm bearish with ETHUSD.
And it may not follow the exact path however it is more expected to break the ascending trend line /trend channel. The 4H trend channel is not a fully Bullish run but a correction, if you can remember the DXY has followed the way down due to the NFP report, and it was bounced back which shows the strength of DXY.
In other ways, if we look at the D1 timeframe, you can see that head and shoulders likely formed already, and if we ignore this then, below the bearish flag pattern was formed and got broken, this highly shows weakness to buyers in a long run.
And you can see the second bearish flag pattern was formed again which some Jaga Jaga happened with buyers and sellers and so far we can see inside that may probably take buyers all down to the support level of 1425 but it was a wick and price rejected so it was wick down there but the significant support level to look at is 1371.
Now we are looking forward to seeing the bearish flag break and then the bearish run will resume and we expect more down for ETH.
ETHUSD: CME way | Remaning Gaps with S/R levelThis chart is for those who believe in CME gaps fulfillment strategy while trading i.e. "CME Gaps are likely to fill sooner or later".
In this CME gap chart of ETH i have drawn key S/R levels as well to consider while trading.
For newbies here are the tips to trade S/R levels:
Bullish:
- Breakout, retest and hold above
Bearish:
- Breakdown, retest and rejection
Deviation:
Fakeouts or Deviation occurs when Price tends to go down or up at a key level and makes reversal to trap retails for liquidity.
ETHUSDT : Lower Low and Lowe High Structure Ethereum
1)Structure
2)Moving Average 150MA
3)Volume Analysis
1) Structure: Lower Low and Lower High
Currently, in the hourly time frame, the price is trading in a Lower Low, and Lower High Structure which means the price is bearish in nature,
However, there is a chance to change the current trading structure which we mentioned as CP in the chart
Change in Polarity (CP): CP means once a Resistance Level is broken then it becomes a Support level for the next trend structure (Change in Polarity 2140$ Level)
2) Moving Average 150MA :
In the hourly time frame price is observed below 150MA, which indicates the structure is still controlled by the Bearish hands
3)Volume Analysis :
The volume declined from May 12 to the current date we analyzed, indicating that there is much less demand at the current level
4) Expectations/Probability
Probability 1: The price can break the $2,140 level and then it could climb to the $2,450 level.
Probability 2: The price can consolidate between the 1740$ - 2140$ level for some more days and then it could move to higher side
ETHUSD: A brief look at the things to come
Ethereum price is hovering inside a supply zone ($2,529 to $2,588), struggling to breach past it.
Two possibilities are possible here - a bullish spike that pushes ETH price above the said supply zone and proceeds to tackle the range high at $2,993.
Or a rejection at the supply zone that drags it down to the buy zone ($1,992 to $2,208).
If the bullish scenario plays out, Ethereum price could collect liquidity from the pocket highlighted in the chart ($2,850 to $2,915) and trend lower before actually proceeding higher
On the other hand, if the bearish scenario evolves, ETH price could slide into the demand zone, sweep $2,208 or $2,100. This would be followed by a flip of the supply zone into a demand zone and a retest of the swing high at $2,993.
In case, $2,993 is flipped into a support level, Ethereum price could rally and tag $3,124 and $3,316.
As always,
Leave your thoughts in the comments!
Feedback or questions are appreciated.
DYOR
Not Financial Advice (FA)
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.