ETHUSD trade ideas
ETH/USD - Weekly Overview Ethereum facing strong resistance at 0.236 FIB Level. Will the positive hype around the merge help it to break above?
Ethereum forming Head & shoulder pattern.Ethereum is forming a head and shoulder pattern on a daily time frame after retracing the fibonnaci level of 38.2% and 20 DMA.
The coin has given a nice movement and is retracing before another up move.
The coin is trading below the moving averages.
Two confirmation patterns are being formed in the coin on the daily time frame
1. Head and shoulder pattern
2. Bearish III continous pattern
A down side moment can give nice targets as there a 3 confirmation.
1. Trading below 20 ema(daily time frame).
2. Break of Head and shoulder neck line.
3. Volumes are high.
Support :- 1390, 1245.
Resistance :- 1715, 2000
US markets fell about 1000 points (3%).
The crypto markets can also fell the pain.
Wait for the coin to break the support and form some price action near it.
ETHUSD ANALYSIS Trend line support level breakout after entering the sell position and another for 1744 level breakout after entering the buy position
ETH short setup , this wil work outmy prediction that eth will touch around 1300 1400 range before an good next rally, it may take time but it gonna hit that range for sure
eth fake pump on merge newseth fake pump on merge news be careful from trap
dont fomo buy eth because its in ascending wedge
best buying price @ 800-600$ wait for this range
Free ride to 1950ETH has given a breakout out of consolidation and likely to enter a new uptrend with first target of 1950 expected soon.
ETHUSD ANALYSIS Market now forming an bullish pennant pattern structure formed, wait for the trend line support or resistance level breakout after entering the trade
ETHUSD ANALYSIS Market now forming an falling wedge pattern structure formed, wait for the good entry at the trend line support or resistance level breakout after entering the trade
ETHUSD ANALYSIS Wait for the good entry at trend line support or resistance level breakout after entering the trade , market forming an symmetrical triangle pattern structure formed.
dont, take it seriouslyeth short term, short trade if 45 minutes, 3 full candles close below the channel
Price rejection at resistance.Ethereum broke out of a horizontal range on the downside and moved down sharply. As a pullback it has come back up to test the resistance (previous support). This could be a potential high reward to risk opportunity.
ETHUSD Supply n demand pattern formation on ETH on a 4hr timeframe ! Target should be around 1040$ !
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Eth Short term retracementEth is currently under a heavy sell pressure and getting resistance from fib speed fan and also 0.5 fib level.
On 4 hrs the volume is also decreasing.
Expect a retrace back to the previous high
ETH Price Action Analysis - Hourly Time FrameThis is merely a trend analysis post. ETH has broken out of a range and is edging higher. Till now, we have been selling at the range top and buying at the range bottom. As there is a change in the market structure from range to uptrend, we can draw an upward moving channel as a guide to initiate high probability trades.
If the channel continues to hold, following rules can be followed to maximize your results:
Usually, you want to avoid trading the breakout of the upper trendline of the channel.
Avoid missing out on buying opportunities near the lower trendline. Ride your long winners as the price can continue to move higher with the trend inertia.
Selling near the upper trendline should be done either with lower quantity of for a shorter term quick scalp basis.
ETHUSD Trend Change - Tight slap for bears on the Daily TF.What a crazy day, just finished riding a vertical ride up. ETHUSD coming out of first base taking out all the bear cartel stops.
Time to short for intraday ETHSell below 1070. The trend is down on Hourly Time Frame. Keeping the bias for short opportunities.
Short Position below 1200. Aggressive short below 1175. Sideways market on hourly/mins time frame. Looking to short the range breakout below 1200 and further if the price reaches to 1175. Would stop looking for shorting opportunities if price goes above 1250. Till then, just try to follow the channel resistance.
Short-term bleed ahead for ETH?ETHUSDT rejected at previous swing high on 4Hr timeframe chart, in combine with 200EMA of 4Hr chart, which implies it may fall further upto previous swing low.
DYOR
