Possible trendline breakout in Ethereum.One can go long on ethereum after the price breaks the trend line. But one should wait for a pull back and when the price shows green after the pull back it would be wise to go long.
ETHUSD.P trade ideas
ETHThrough the chart, it is clear that ETH is affected by the economic crisis, but do not worry, ETH should remain in the portfolio. It is always strong, and its price will rise as shown in the graph.
#Etherium- ETHUSDT could take another leg down. Try to enter at pull back to ride the next leg down on ETHUSDT
Heading towards 2300
ETH perpetual- Pull back to 2700ETH perpetual has broken the hourly trendline and has formed H&S on 15 mts . It could pull back to 2700 levels before commencing its downward journey
EthUsd showing signs of bottom formingCryptocurrency chart is showing bottom forming with Double bottom kind of formation happening on charts and RSI divergence clearly gives it an edge. Levels crossing 200 EMA will give further confirmation. Watch out
eth shot for small target ,high resisitance at ETH :2818 cn go for shot in 15 min time frame with target of 2761
head and shoulders patternA head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
Divergence in EthereumI think there is quite difference in the RSI and The Price of ETH. I dont know whether it can be a sign for a bullish momentum, but it surely is something as the strength is increasing or same as shown in the RSI but the Price was falling which means the price is falling but it does not have much strength and maybe its time for some bulls to takeover ETH. Please share your thoughts on my theory.
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2987.56).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 3283.86
TP2= @ 3414.53
TP3= @ 3617.61
TP4= @ 3898.98
TP5= @ 4131.97
SL= Break below S2
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ETH-USDEthereum has lost 40% of its value in a matter of past 3 months.
Just like Bitcoin, ETH too has given a Breakout from the Trendline and is currently retracing back.
Piling up of volumes too depict that the journey to the valley may have ended and ETH may soon continue its upward trajectory.
The support to the lower side is present at $2.8K and $2.6K respectively.
The best strategy hereon would be to wait for a reversal and plan trades accordingly.
ETHERIUM bullish trade idea...Confluence's used-
1.breakout and retest of down trendline
2.key level
3.fib level 0.38/0.50
4.price is at ascending channel support
ETHUSD Intraday trading over view looking # BEARISHThere's a good chance for sell from the region , details are mentioned in the pic.
ETHUSD PLAY FAMILY HAPPY TRADING Looking for that push up and then the drop to the down side as we are looking to push to lows people are not expecting lets watch this play out.
ETHUSD Intraday trading over view #BEARISHThere's a good chance for sell from the region , details are mentioned in the pic
EthereumIf closes above 3050,look for buying opportunit.2890 is strong support.
expecting upside upto 3314
Disclaimer: For educational purpose only.Consult Your Financial advisor before taking any positions.
ETHUSDThe median target of the channel is achievable with respect to the breakdown of the downtrend and placing in a channel.
