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ETH BEARISH STANDBearish View on ETHUSDT
Trade:
Sell ETH Perpetual future at $2220
Stop Loss: $2260
Target: $2170
Max Profit: $50/ETH
Max Loss : $40/ETH
Rationale:
The most recent movement in ETH suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on the charts.
At present, the price is in the process of retracing towards the supply zone at 2240.
For risk management, we recommend setting a stop loss at 2260 to invalidate the aforementioned setup.
ETH BULLISH STANDBullish View on ETHUSDT
Trade:
Buy ETH Perpetual future at $2250
Stop Loss: $2180
Target: $2350
Payoff:
Max Profit: $100/ETH
Max Loss : $70/ETH
Rationale:
ETH has exhibited a pattern of achieving higher highs and higher lows in its daily price movements. Notably, it broke through key pivot levels at 2275 during the recent trading session, signifying a promising upward trajectory.
Examining the 4-hour chart, it’s evident that the price is consistently adhering to established support / demand zones. This steadfast adherence underscores the robust buyer sentiment in the market.
We can use 2180 as stop loss of for invalidation of above setup.
Ethereum Price Prediction Ethereum price trades in a clear consolidative trend on the weekly time frame between $1,933 and $2,141 barriers.
The daily chart for ETH shows a sweep of Monday’s high is likely to be followed by a sweep of Monday’s low at $1,985.
If Bitcoin price undergoes a steep double-digit correction, Ether could also slide to $1,933 and $1,829 support levels.
ETH BEARISH STANDBearish View on ETHUSDT
Trade:
SellETH Perpetual future at $2050
Stop Loss: $2065
Target: $1965
Max Profit: $60/ETH
Max Loss : $40/ETH
Rationale:
The latest price action in ETH indicates a potential pause in the rally, with some retracements observed. Additionally, a newly formed supply zone/resistance has been identified on the charts.
Currently, the price is making an effort to retrace towards the supply zone at 2050.
We can use 2065 as stop loss of for invalidation of above setup.
Ethereum Fresh Trade Setup#ETH/USDT Technical Analysis:
Entry: $2000-$1980
Targets: $2100 / $2200
Stop Loss: $1930
Technical Analysis:
- Strong bounce from $1940 support.
- Anticipating an upward move to $2100/$2200.
- Short-term bullish momentum.
- Support: $1940
Trade Plan:
- Entry: Long positions $2000-$1980.
- Targets: $2100, $2200.
- Stop Loss: $1930.
Note: This is not financial advice. Conduct your research.
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ETH/USDT: Navigating Consolidation and SEC's BTC ETF Verdict 📈💎 Paradisers, let's dive into ETH/USDT. The asset is forming a rising wedge pattern, and currently, it's in a consolidation phase while we await the SEC's decision on the spot BTC ETF. If the SEC leans towards disapproval and the price falls below the 1757 threshold – which serves as both the lower boundary of the rising wedge and a significant demand zone – we might witness a decline towards 1642, and potentially even 1478.
💎 In case panic selling takes over the ETH market, there could be further drops ahead, potentially reaching as low as 1368 and 1171. However, if the SEC approves the spot BTC ETF, it could be a good idea to focus our bullish efforts on BTC rather than ETH. Stay attentive and make well-informed decisions, ParadiseSquad! 🚀
GMX 👀BINANCE:GMXUSDT.P
Pull back on head and shoulders pattern breakout.
Long 5x -10x
Entries - 57.00 -55.43
Targets 61.90 63.40 67.30
Sl-52.00
1% of your capital only highly recommended. If not don't take the trade.
We closed above 59.15 ,good bullish sign ,we trying to catch up the pull back and ride the next rally⬆️.