Ethereum Long Term Analysis!
Ethereum Monthly Analysis!
Bearish Pennant PAttern formation in Ethereum on Monthy Timeframe!
If price breaks and closes below trendline support we can see further downmove in Ethereum
Ethereum is forming Bearish Pennant pattern. We can see a sharp downmove in Ethereum from 1 dec 2021 after that price is moving in that way...
1 Day Time Frame ETH/USD Trend Analysis. Currently after hitting 3000 Levels on 20th Feb, ETH has been witnessing some profit booking and some correction. If the correction continues we may see levels of 2700 post which Bulls may again take charge back and try to test the 3000 levels again in ETH/USD
USDT.D clearly shows bullish view with inverse head and shoulder and triple bottom which makes movie til 5.35% causes crypto and btc to bleed for sometime.
On Weekly Basis:
ETH/USD completed its correction from 4800 to 1140 in its 3 Wave Down Correction. Previous top was made at 1350 in January, 2018 also a support level. Fibonacci 78.6% retracement from bottom 122 to top 4800 ends at 1140, a support level. It took a support at 1100 which is a long term horizontal support on weekly charts. It made a double bottom in...
Ethereum Chart Technical Analysis CRYPTOCAP:ETH
Currently #ETHUSDT Trading at 4H Support Level.
1️⃣ If $2160 level breaks, ETH could drop to $1,750 (Scenario 1)
2️⃣ But if price bounces off $2,160, we could see a 5-10% relief rally. ( Scenario 2 )
My view:
- Bearish below $2,240
- SUPER bearish if $2,160 breaks!
Overall, #ETH is standing on thin ice at a...
On daily TF price is near value area high and trying to reject the price. London took out the Asia session’s high and made market structure shift which adds as a confluence to our value area high daily bias.
Entry on either of FVG in chart is considerable as they are in premium range
Good luck shorting.
