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ETHUSDTHere are the two main things that I can predict from the ETHUSDT chart. 1 Cup and Handle 2 Support line One can easily spot a Cup and Handle Formation in the ETH right now. It all started in May 2021 and the base of the cup was formed in July 2021. In November 2021, one can easily see that cup has formed totally. Now comes the Handle. The basic thing that one can conclude from this is that price is going to be in a range and the asset is going to consolidate for some time. It will break the cup and handle formation in Jan 2022. The support line can be drawn from December 2020 till the current price. Though there has been sometimes where the price went below the line, it recovered very fast and the continuation of the bullish run can be seen in the same. I am being BULLISH about ETH in the near future. It will break the cup and handle formation and the boom in the price will be seen hopefully very soon.
Long
by whoismohit
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.
BITSTAMP:ETHUSD
by hitendravasudeo
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: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
BITSTAMP:ETHUSDLong
by CELGIB_TRADING