ETH Short ideaexplanation in charts:
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI , Moving Average , Ichimoku , Bollinger Bands
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ETHUSDT.3L trade ideas
ETH/USDT 4H TF CHART ANALYSISETH has broken out of the major resistance and now the wait is on for re-test. We also have a cup & handle forming on the 4H TFs which can make a low of 1165$ and then a relief bounce and also the target as per Cup & Handle Pattern.
Also until then , the Stoch RSI will make it's way moving upwards again.
#NFA #DYOR
Ethereum market analysis It’s been awhile since we’ve updated ya’ll with the current market situation. The crypto market has been moving sideways since the last drop from 30k to 17k, hence we have been quiet on the sidelines. This usually indicates an accumulation of orders before its next explosive move.
We currently have been motoring #Ethereum and to give a brief update as follows:
#Eth on the daily is currently sideways, neither forming higher highs or lows. A break of $1260 could indicate a movement of price towards $1611-1800. This zone is key supply area and will act as strong resistance. We would be looking at selling our reminder of our holdings at these levels. As the chances of it dropping towards 740 - 200 is significantly high in the coming days/weeks. Which is where should this occur , we will be looking at accumulating aggressively at these levels in play for long term holdings.
NOTE: This is not financial advice, please do your own research before investing.
ETHUSDT🔥Let's break down the ETH chart
Now the asset is near the global support zone at $1000-1050.
What I think is that it is not worth waiting for some kind of global growth within 1-2 months, but inside the day you can take profitable transactions.
In the short term, I think we can rebound from the $1000 level towards $1.200-1.350 before the end of the week.
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✅Write your comments what you think about this coin.