ETHUSD Short Strategy:
ETHUSD Short Strategy:
Entry: 2,679 - 2,692
Stop Loss: 2,760
Target 1: 2,600
Target 2: 2,463 - 2,460
Expected timeframe: Target before early next week
Additional strategy: If the price retraces to 2,720 - 2,740, consider adding to the short position.
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ETHPROS_TPG8CJ.USD trade ideas
ETHEREUM - $5000 loading! - Super Bullish? Price Overview:
ETH showing signs of a major bull rally! Here’s what’s happening:
1️⃣ Trendline Breakout: ETH has successfully broken out of a major trendline, signaling bullish momentum.
2️⃣ Next Stop: ATH! The next resistance level aligns with its all-time high, making this a crucial milestone.
3️⃣ Altcoin Rally Dependency: For the broader altcoin market to rally, Ethereum must break its ATH first.
✨ The Bitcoin Connection:
Bitcoin dominance plays a pivotal role in the altcoin market? When Bitcoin dominance weakens, it creates room for altcoins—to shine. If ETH breaks its ATH, it could kickstart an exciting altcoin season.
💡My Expectations:
ETH looks poised to reclaim its ATH soon. A breakout here could be the trigger for the next big rally.🚀
Stay tuned for further insights, updates, and trade safely!
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⚠️ Disclaimer: This is NOT a buy/sell recommendation. All views are personal and shared for educational purposes only. Do your research before investing.
Thanks & Regards,
Anubrata Ray ⚡
Ethereum - Technical - Weekly❣️#Ethereum has been experiencing a downward trend with lower highs and lower lows, suggesting a bearish outlook in the short term. However, there are signs of a potential sideways movement in the very short term.
sharing a 📉chart for your reference so any body can learn and make decision.💟
Ethereum at a Critical Turning Point: Head & Shoulder PatternEthereum Technical Chart Study
Ethereum is showing some interesting price action. It recently took resistance from its resistance zone and is now forming a classic Head & Shoulder pattern—a structure often signaling potential reversals.
Currently, the price is sitting right at the neckline of the Head & Shoulder pattern. If this neckline breaks, it could lead to further downside movement.
Looking below, there’s some key support to watch:
1. The 2800 resistance zone, which Ethereum broke out of earlier, hasn’t been tested yet. This zone might now act as a strong support if the price moves downward.
2. There’s also a trendline support in play, adding another layer of potential price stability.
So, what’s next?
If Ethereum breaks the neckline, we could see the price fall towards the 2800 zone or possibly to the trendline support. These are the levels to keep an eye on for the next big move.
Ethereum TechnicalEthereum has been pivotal in the blockchain space, not just for its cryptocurrency but for its platform capabilities. Its evolution continues to be watched closely by both enthusiasts and skeptics, given its impact on blockchain technology and decentralized systems. I
chart for your reference
ETH - Potential Bullish Signs (Weekly) ETH forming some potential bullish signs on the weekly chart. These can take a few months to play out. We would like to see a bullish cross on the 21SMA and 50SMA. We would like to see the continuation on the stochastic RSI cross. We would like to see a break over the white trendline in the 3100 range. Lets see if the bullish hammer candle is in play with that long wick that was bought up in this past weekends sell off, closing Sunday. I would keep a tight stop loss around the 200SMA (Yellow).
Ethereum Resistance ZoneEthereum has been experiencing volatility, with significant price drops and recoveries. It was reported that ETH had plunged 10% weekly, hinting at more potential downside. However, there have been moments of recovery, with ETH briefly touching above $3,000 but facing rejections at key technical levels given in the chart
ETH - To go above 41K !!!we can see ETH taking support near the green path area shown in chart. But Red line is current resistance line. Breakout of Red line could take price above 41K !!! Till then price could dance between red and green lines shown in chart, one may buy and go long now for quick returns since all crypto could spike or already moving up due to new crypto US President. And ETH is also expected to move up after the bull run ends in Bitcoin. so its good buy right now in ETH
ETHUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDETHUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
ETHUSD long term chart showing profit booking 3115,2877,2545Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ETHUSD buy on dip support 3405 Target 3550,3660Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ETH will fall to $2,900 by mid January 2025 and then reverse upETH started an impulse wave in early August and completed wave 5 in mid December (shown in orange numbers)
It has been in an ABC correction since mid December and has completed Wave A and about to complete a relief Wave B before heading down to a Wave C that will take it to 2,877 by mid January. (shown in grey letters)
Once the ABC correction wave ends, it may start a new impulse wave.
Bottomline: expect ETH to move down to $2,877 by mid Jan 2025 before starting a new impulse wave towards 4,000.