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ETHUSD trade ideas

ETHUSDETH USD resistance at 3004. Support is at 2019. Demand zone is 1542-1264. Whenever demand zone is tested could be opportunity for accumulation. RSI still not hit the oversold zone. Best decision making time is in Oversold and Overbought zone. Depending on the time frame of the chart and depending on the perspective/vision of the trader, the oversold and overbought may be used. ETHUSD fall comparitively lesser that BTCUSD and other crypto. Pullback will be more used by investors who are stuck up with long position. Lower time frame overbought in 4 hour, 6 hours or even 12 hours on RSI would be opportunity for investors to reduce exposure or take profits 3000 is the resistance if breakout above 3000 is witnessed then rise to 3560 as the supply zone for profit booking or exiting long which could be matched with overbought in lower time frame charts.
BITSTAMP:ETHUSD
by hitendravasudeo
Single Candlestick Chart Pattern - Bullish Hammer Hammers have a small real body and a long lower shadow. Hammers occur after a price decline. The hammer candlestick shows sellers came into the market during the period but by the close the selling had been absorbed and buyers had pushed the price back to near the open. The close can be above or below the open, although the close should be near the open in order for the real body to remain small. The lower shadow should be at least two times the height of the real body. Hammer candlesticks indicate a potential price reversal to the upside. The price must start moving up following the hammer; this is called confirmation. Confirmation - Hammers are most effective when they are preceded by at least three or more declining candles. A declining candle is one which closes lower than the close of the candle before it. A hammer should look similar to a "T". This indicates the potential for a hammer candle. A hammer candlestick does not indicate a price reversal to the upside until it is confirmed. Confirmation occurs if the candle following the hammer closes above the closing price of the hammer. Ideally, this confirmation candle shows strong buying. Candlestick traders will typically look to enter long positions or exit short positions during or after the confirmation candle. For those taking new long positions, a stop loss can be placed below the low of the hammer's shadow. Hammers aren't usually used in isolation, even with confirmation. Traders typically use price or trend analysis, or technical indicators to further confirm candlestick patterns.
BITSTAMP:ETHUSDEducation
by TraderLeVeR
36
ETHUSD what's next?As we can see, ETHUSD has been falling since May 12. On May 12, the price reached a high of $ 4350. Now the price has dropped by almost 50%. The price bounced off the $ 2,160 support level and went up, but failed to break the $ 3,000 resistance level. On May 19 and May 21, the price tried to break through the support level and there were false breakouts, but the price rose again. If the price breaks the support level, then ETHUSD may fall by 55% or 60%, and maybe more. But if the price breaks the resistance level of $ 3000 and gains a foothold there, growth is possible. If you like the idea, subscribe and like it. Good luck and big profits.
BITSTAMP:ETHUSD
by NaikoN81
Ethereum (Triangle pattern)Elon Musk's tweet on bitcoin had hitted crypto market badly, Ether(Crypto currency of Ethereum) had been falling from past few days, and currently ether is at one of its strong support. But we know that Ethereum is much better than bitcoin because it is not only used for transactions but it is a complete platform for development of decentralised applications, and for maintaince and using those dapps(decentralised applications) we require ether. So there is actual real life demand for ether, Elon Musk tweeted about high energy consumption by bitcoin, ether uses much less energy than bitcoin and we know ether is in the process of shifting to proof of stake system. Proof of stake will further reduce energy demand, making it more eco friendly, it will also increase number of transactions per second from 14 to above 1500. Further more according to EIP 1559, from July 15, few amount of ether will be burner(destroyed forever) with every transaction. This will make it more valuable than bitcoin because it will constantly reduce supply of ether, since some amount of ether will be destroyed with every transaction. Supply reduced = Price Increase. People don't understand blockchain technology like once they didn't understood computers, but if anyone would invested at that time, he would had seen huge profits, similar thing happened with internet, and this is web 3.0(blockchain). Because of all these upgrades, I see great demand increase of ether in upcoming months So it will be wise to understand that this fall in price is only for short term, ether will rise in long term. And a triangle pattern on a strong support indicates a reversal. It is advised to buy ether at any price below $3500, profit will be seen in short term, but if you are able to hold it till end of August(long term), it will be above $10,000(because of all the reasons given above)
BITSTAMP:ETHUSDLong
by AniketK07567339