Ethusdt Bearish ideaThere is a breaker . Price is respecting the breaker Block . when Price taps on it. It Shows change of characeter in Ltf . and there is no fvg in 1h or 4 h . but as you zoom into 15 min or 5 fvg . where you can trade . But it's too late. this is for educational Purpose only. This is not Financial advice
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ETHUSDT LONG POSITION
A favorable level to consider opening a long position with a good risk-reward ratio in trading would typically involve identifying a price point that offers a promising opportunity for potential gains while minimizing the potential downside.
Analyzing market trends, technical indicators, and fundamental factors can help determine an advantageous entry point. It is essential to assess the overall market conditions, study relevant charts, and analyze the behavior of the specific asset or instrument you intend to trade.
ETHUSDT short?We're close to two major resistance. Will have to wait for ETH to reject 2 of those trendline one of them is downtrend channel and another is on Daily chart. We will see if it breaks above it and continue. RSI is pretty strong at the moment but starting to curving downward. I'll be risking only about 3.50% of my position size to gain at least 6% on this trade. my prime target would be around 1705 with same SL
ETHUSDT TO GO HIGHER, NEXT HIGH 2400? As we know market have recovered a lot in last 4 to 5 months. So what can be next big move? As per my view it is expected to move higher because looking at weekly time-frame it has created a double bottom with june 2022 and november 2022 being those two lows and it is expected to be making a retest at 1800-1900 level to that double bottom. Also looking at 4H time-frame it is creating a W on 200 EMA and making a wedge with 2H time-frame.
And it is expected to reach 2800 price level in coming months.Thank you for reading, will update soon.
#ETHUSDT WeeklyBased on weekly chart, we can see ETH still in Bearish phase. if the market close down from the blue line . you can take entry in bearish view
In the Weekly time Frame is it forming Head and shoulder pattern .
In my personal opinion, ETH is in Indecision Mode both MACD and RSI are Not in oversold Zone .
Support levels
- 2056
- 1701
Resistance levels
- 2783
- 3107
ETHUSDT ANALYSISAs you can see from the chart
we are currently a bit bearish on ETH
If you are planning on investing some money into ETH,
lets say 1,000$
Buy 20% at support
Buy 30% when we get candle open/close above the down trend line
Buy 50% when we get 2 BUY signals from Robo
If you are holding ETH right now, please be aware,
if we get a candle open/close below support,
we could possibly expect a 50% drop in price
to next support ZONE around 1,450$ (see chart)
ETHUSDT[UPDATE]In the loving memory of my child Muffin i present you this chart analysis...
this chart have 3 confirmations
PLEASE WAIT FOR THE RIGHT MOMENT [ if it break the resistance then you can take trade with 90% confirmation
if you like my work then please do like me it will help me alot and encourage me to do more chart analysis for you...
ETHUSDT Swing TradeEthereum 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 advisor.
Happy Trading!
ETHUSDT 1H TFETH is currently moving in a zone from a long time and as it has been falling down, I expect it to move downwards once it breaks this level.
CMP :- 2828
Target :- 1800 (I know it is is a huge one BUT this target will take a lot of time and only if it sustains for a good amount of time once this breaks this pattern)
SL :- As per your risk.
PS :- If it bounces back you can go long with SL around 2600 levels and entry will be around 2700 levels for first target of 3200 level.