ETH FORMED BEARISH SHARK PATTER ETH clearly formed bearish shark and double top in 1 hr with over bought RSI leads bearish move. Next gap is waiting at 1605$ and imp supports are 1600 to 1580, 1500 to 1470 , 1100 & 900 levels
ETHPROS_TPG8CJ.USD trade ideas
ETH waiting for retracemnt ETH now will take 1600 area support and then fly but if looses the support it will bleed 🩸
Reaching at 1800$ETHUSD is forming a correction & expecting to reach at 1800$ & has potential movement to the upside.
Movement to the downside!ETHUSD is looking for a movement to the downside after forming correction & expecting target to reach at 1400$
Movement to the downside!ETHUSD is looking for a movement to the downside after forming correction & expecting target to reach at 1400$
My Planning in ETHUSDThe only thing you need to remember is that in trading, incurring losses is quite common, even if you are correct in your analysis
Expecting to reach at 1400ETHUSD is forming consolidation to reach at 1620 and have clear formation for the move to the downside expecting target at 1400$
$ETH MacroTechnical Analysis:
$Ethereum is currently trading in the $1600 range, displaying resilience around its yearly pivot. Notably, it has faced rejection at this level twice, indicating a significant resistance zone.
Long-Term Investment Perspective:
For investors seeking entry points for the next bull run, a prudent approach may be to monitor the price range between $900 and $650. This range aligns with strong historical support and is often referred to as the "liquidity box." Buying within this range during market corrections can be a strategic move to accumulate CRYPTOCAP:ETH for the long term.
Short-Term Swing Trading Perspective:
Traders looking for shorter-term opportunities can keep a close watch on Ethereum's behavior around the yearly pivot. If CRYPTOCAP:ETH attempts to test this level again and faces rejection, it could present an attractive short swing trading opportunity. Careful risk management and technical analysis will be crucial in executing this trade.
Conclusion:
In the dynamic world of cryptocurrency trading, Ethereum offers a spectrum of opportunities. Long-term investors may consider accumulating CRYPTOCAP:ETH in the $900 - $650 range, while short-term traders can capitalize on potential reversals around the yearly pivot. As always, thorough research and a disciplined approach are essential for success in this market.
Not A Financial Advice
DO YOUR OWN RESEARCH
ETHUSD AnalysisConfirmation for this long trade:-
1: Market is taking pullback from support area
2: taking rejection from trendline
Ethereum Bullish vs Bearish long termEthereum is forming a bearish wedge pattern on high time frame and to vakidate that pattern it has to rise and confirm the third and final rejection from the top rising trendline.
Imo by the end of this year the downward trend will again start.
If it hold here then it's a great opportunity or else stay vigilant.
ETH tough timeCRYPTOCAP:ETH hope you wont get rekt' 😶
imo tough time ahead #ethereum.
smol bear flag. could possibly do big things.
Ethereum facing resistanceLooks like Ethereum facing resistance more chance to test the support in the coming weeks
ETH breakeven point Perfect enter to the market after analyzing trend and confirmation got by Doji candle trade was confirmed going down
Candlestick pattern: 1 Hour RetraceThe 1 Hour Retrace pattern is a candlestick formation with great potential for success and strength.
This pattern originates after a false breakout of the level in which the price is contained, for example, in a channel.
The beginning of this pattern occurs when one of the candles breaks outside the levels that contain the price and, subsequently, the next candle forcefully returns inside the pattern, closing within it. This indicates a false breakout and that the new price direction was incorrect.
The stronger the candle on the return, the higher the probability that the price will swing back to the previous levels before the false breakout.
ETHEthereum (ETH) is rising gradually. The crypto asset gained over 50% between March and April 2023. Since then, it has remained under consolidation.
ETH FORMED BEARISH SHARK PATTERNETH will take some retracement which have chances to 1800 to 1780 level, if it loss that support we will see big correction till 1450 area which gave unfilled Gap. after that will see bullish rally of halving.
#Bitcoin #nft #bnb #eth #btc #BSC #Binance #trading #altcoins #cryptocurrency #crypto
Ethereum ETH epic trend lineEthereum ETH epic trend line, W-shaped trend, will eventually reach the red trend line around 2025, ETH will reach 8000/10000, the bottom has formed The bull market has come, and the epic new high price will take many years to reach.
ETHEREUM ELLIOTTWAVE BUY ETH @ 1910
SL 1880
TP 2200
5th wave may extended as 1st and 3rd wave was normal.
Ethereum Perspective.Ethereum is the second largest crypto in the world and one of the safest too after Bitcoin. It will be important to see how Ethereum plays out in the next Bull run.
POI for Ethereum remains at 1615-1738$.
There are 2 scenarios building up one has a different path to play out and other too has a different path.
Ethereum 3rd Wave forecast for $2550
ETH/USD at 1840.
Wave 1 : Starting from 1620 to 1940
Wave 2 : 38.2% retracement @ 1815
If it is deep then we may see 1744.
Wave 3: If we consider wave 2 is completed
and wave 3 is begun then 2550-2650 is the
Target for wave 3 .
Analysis by Bharat Kumar on 29th June 2023
4 days Rectangle - consolidation pattern on ETHUSDTETHUSDT is on consolidation pattern for four days. Breakout / Breakout failure on either side is going to cause a trend for a while
