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ETHUSD Critical time ETH USD
Need to survive above the trend lines
and move higher along with RSI oversold as it happens
in near term.
Violent trend line breakdown with volume could
lead to crash.
It do or die for ETH USD.
Consolidation must happen on or around the Trend line along
with oversold if it happens.
ETHUSD - Implacable descending channelEthereum ranks second in the cryptocurrency ranking. The capitalization amounts to more than 80 billion dollars and its price has fallen by over 4% in the last 24 hours.
ETH quotes move in the inheritance channel. We currently see a price rejection from its upper limit. The price goes to support at 791.5 USD. If it is broken, the next target will be around 576.5 dollars. Alternatively, if 791.5 USD support is able to stop the price from further declines, the nearest barrier for further increases will be 982.5 USD.
Ethereum/USD Uptrend movement potential with RISK:REWARD 2.46Ethereum/USD Uptrend movement potential with RISK:REWARD 2.46
Symbol Ethereum/US dollar
Time frame :4 hours
Analysis :There is a break out from the symmetrical Triangle and the price is rallying on the up side .So, We will check the condition for Uptrend movement .Moving average ,MACD and PIVOT point condition is checked for uptrend movement. BUy call above 2025 which stop loss 1856 and we can expect a target of 2433.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
ETHEREUM/USDT 4HOUR UPDATE!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ETH/USDT UPDATE!
ETH/USDT is now trying to break the $1420-$1460 resistance area. If eth is able to break this resistance, we will see a move towards the key $1750 resistance area. If eth gets rejected from here, we will see another test of $1250.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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