Etherum has had a great long term run since April of last year. The overall trend of the coin is still ok. I look to make sure the price is still above the 200 day EMA which it is right at that point. I am looking for entry here, though the Supertrend still has not given a good indicator to re-enter. As long as the price stays above the EMA once Supertrend...
Going short on ethusd as there is the formation of bearish flag pattern and even there is strong resistance at 2150 level. From a longer perspective, I see a great fall from the retail side, but if we see from an institution view there would be a reversal for a short time period to show a reversal but again there would be a trend continuation.
Good Accumulation can be expected at around 1550 levels.. SL and targets included.. All the best!!!
Good morning Traders! Hope all are having a great weekend so far. Looks like ETH could be in the process of forming a CUP AND HANDLE pattern on the 30min timeframe. If this pattern holds true to the C&H, we can see ETH push to the first TP, small corrections and then a push to ~2250. This would complete the RIGHT SHOULDER for the possible HEAD AND SHOULDERS taking...
Great buy opportunity in Ethereum,in 30Minuts time Frame Ethereum is below 50/200/800 EMA as you can see ,but Ethereum has already completed Level -3 drops as show by green line and made Low near 2016$..Guy you can see in graph big W formation in progress shown by black line. From Here you can expect Ethereum 2500$. So you can long it ,any breaks down of 2000$...
TRADING SUGGESTION: Now we looking to the market got breakout to resistance zone ,so take a buy trade GOOD LUCK Take profit on-1598,1648 . . . . TAKE A TRADE, SIT BACK AND RELAX LIKE AND SHARE
Now we looking to the market got breakout on trend line,so take a buy trade,GOOD LUCK . . . . TAKE A TRADE, SIT BACK AND RELAX LIKE AND SHARE
Now we looking to the market got pullback to push the market to up ,so take a buy trade,GOOD LUCK . . . .’TAKE A TRADE, SIT BACK AND RELAX LIKE AND SHARE
The 200-day simple moving average (SMA) is considered a key indicator by traders and market analysts for determining overall long-term market trends. The indicator appears as a line on a chart and meanders higher and lower along with the longer-term price moves in the stock, commodity, or whatever instrument that is being charted. The 200-day SMA seems, at times,...
Double bottom pattern definitely try to make the yellow line target
Pattern on watch
After plenty of destruction in crypto ETH now reaches a critical support zone. Watch to see what it does around 1985/1950. IF it breaks below 1900 there is going to be a whole world of pain in the crypto space. If it bounces for now could get a short term bounce. It has broken the long term channel already, needs to reclaim the same and only then can there be...
ETHEREUM/USD continues its bearish trend creating lower lows and lower highs and it may not start an uptrend as long as a news comes out such as Tesla accepting bitcoins or other cryptos. BTCUSD and ETHUSD continue to move in the same way therefore if the price of BTCUSD increases, the price of ETHUSD will increase too. The candle seems to close below the support...