Trade ideas
Long for a few days!Seems like we are at the Wave 3 acc. to the Elliot Wave Principle. I guess the recent dip was due profit-taking.
ETHUSD Update: Profit=46750 SL=15500 Reward/Risk > 3:1 Trade Setup summary:
Profit targets=46750 pip (2900 + 5250 + 8520 + 12220 + 17860)
Stop Loss =15500 pip
Reward/Risk > 3 : 1
Current Status:
Total Profit: 13929 pip
Closed trade(s): 13929 pip Profit
Open trade(s): 0 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 229.34 based on 'previous Forecast' at 2020.07.06 :
Closed Profit:
TP1 @ 237.34 touched at 2020.07.20 with 800 pip Profit.
TP2 @ 244.77 touched at 2020.07.21 with 1543 pip Profit.
TP3 @ 244.77 touched at 2020.07.22 with 2405 pip Profit.
TP4 @ 263.70 touched at 2020.07.22 with 3436 pip Profit.
TP5 @ 286.79 touched at 2020.07.24 with 5745 pip Profit.
800 + 1543 + 2405 + 3436 + 5745 = 13929
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 83.
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
New Take Profits:
TP1= @ 393.00
TP2= @ 416.50
TP3= @ 449.20
TP4= @ 486.20
TP5= @ 542.60
SL= Break below 333.00
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ETHEREUM PREDICTIONAs you all can see we witnessed a good rally in ethereum.
but $289 is a crucial resistence level , after which we may see a correction in prices upto $255-250.
if $289 is crossed then we may see a further up move.
According to MACD , trend is soon going to end . and we may see a correction.
Same depicted by RSI, which is in its overbought zone.
So keep an eye on $289. its crucial resistance.
sell @ $289.
buy@ $255-250 levels.
HAPPY TRADING!
big retrace comingi think we should consider a big retrace in Etht
as we see we have major resistant level in our way that is little bit unlikely to break at least at the first test !
ETHUSD Update: Profit=13929 pip SL=3245 pip Reward/Risk > 4.3:1Trade Setup summary:
Profit targets=13929 pip (800 + 1543 + 2405 + 3436 + 5745)
Stop Loss = 3245 pip
Reward/Risk > 4.3:1
Current Status:
Total Profit: 11684 pip
Closed trade(s): 8184 pip Profit
Open trade(s): 3500 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 229.34 based on 'previous Forecast' at 2020.07.06 :
Closed Profit:
TP1 @ 237.34 touched at 2020.07.20 with 800 pip Profit.
TP2 @ 244.77 touched at 2020.07.21 with 1543 pip Profit.
TP3 @ 244.77 touched at 2020.07.22 with 2405 pip Profit.
TP4 @ 263.70 touched at 2020.07.22 with 3436 pip Profit.
800 + 1543 + 2405 + 3436= 8184
Open Profit:
Profit for one trade is 264.34 (current price) - 229.34 (open price) = 3500 pip
1 trade(s) still open, therefore total profit for open trade(s) is 3500 x 1 = 3500 pip
Break Even 229.34
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 83.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (244.77) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP5= @ 286.79
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Ethereum Next Target Mapped ($222, $215, Lower?)Ethereum (ETHUSD) goes together with Bitcoin (BTCUSD) and Bitcoin is starting to drop...
Here we have the next target for ETHUSD.
We will hit ~$226 with a high probability on this drop.
The red volume is high and the indicators curving strong.
But first, ETHUSD will hit MA200 at $234.10, depending on how this level is handled, we will visit $226.46 next.
Based on my EMAs analysis, the 0.786 Fib. support can be hit as well... But this drop is just getting started, let's not get ahead of ourselves.
This is a short-term analysis, not intended for you to trade.
You need to have your own plan and strategy, always remember this, here we are only reading the chart... But when trade, we share the full numbers (buy-in, targets, stop-loss & additional information).
Namaste.
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (229.34). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 229.34
TP2= @ 222.85
TP3= @ 211.61
TP4= @ 201.56
TP5= @ 193.39
SL= Break below S2
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ForecastCity English Support Team ❤️
Don't miss the great buy opportunity in ETHUSD Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (231.07). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 245.17
TP2= @ 253.39
TP3= @ 263.63
TP4= @ 275.41
TP5= @ 286.72
SL= Break below S2
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Trade well, ❤️
ForecastCity English Support Team ❤️
Ethereum (ETH) Strong Bearish Signal, Incoming Drop!Ethereum (ETHUSD) is looking bearish now and a strong signal has been printed... Hit LIKE and let's get started!
Take a look at the highlighted candled (yellow) on the chart... This red/bearish candle is also high volume and signals that ETHUSD can easily move lower now.
We also have another bearish candle developing now with prices moving below EMA10.
When a pair moves below EMA10, we switch our potential from bullish to bearish.
Bitcoin (BTCUSD) and Ethereum (ETHUSD) tend to move together.
We've been bearish on Bitcoin since prices peaked and haven't been able to break the $10,500 resistance.
Now, ETHUSD is also looking like a drop.
The indicators are also turning bearish.
Conditions for change
If prices move and close above the last high (marked with a bold magenta dashed line), this whole bearish setup is invalidated and a new analysis is needed.
Click below to see a long-term chart for...
Thanks a lot for your continued support.
Namaste.
Divergence, for short term ETH might fall. There is a divergence between RSI and Price.. there might be a drop in price to 210'ish levels.
There is a possibility for the beginning of an uptrend in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (217.11). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 247.07
TP2= @ 286.99
TP3= @ 362.78
SL= Break below S2
Ether has given upwards breakout from triangle patternEther has given breakout from triangle pattern.
Successful breakout can take it to $250-$260 levels and if it fails one can have stop loss around $220.
Risk-Reward - 1 : 2/3
If it gives weekly breakout above 280 levels, next leg of bull run may be seen in ETH.
Watch out this counter for some quick gains.
Ethereum (ETH) Price Drop Imminent - SHORT NOW!Lower Highs and Higher Lows.
This means that the holders are already cashing out. Ethereum will fall back into 160-180 $ range (if not lower) very soon. A good strategy would be to short ETH now and buy back later.
