ETHUSDT.5S trade ideas
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3603.67).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 3848.59
TP2= @ 4031.03
TP3= @ 4169.79
TP4= @ 4353.22
TP5= @ 4546.84
SL= Break below S2
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[ CRYPTO ] ETHUSDT LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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ethereum buildup
PREVIOUSLY - after resisting from 3164, it took support at 2799+ which indicates the bulls and buy on dips is sill active
it breakout from the trend line and crossed previous lower high and retested
will be looking for entry after second bullish sign on 2950 precisely, it may go first up and come back towards the level
if it continue to upwards then will skip this trade
the reason for double retest is to see another confluence of double bottom on the 50ema bands could add strong signs for our trade
profit taking levels based on fib extensions will be 3164 and 3370
A clear breakout at the Level of Control for ETHUSDThere is a clear point of control with ETHUSD in my analysis and I know that this is a crucial level for all the coming days ahead. Mostly this level has been tested as support many times so breaking it would result in a downfall to the 1000's range for Ethereum. But, it's mostly. There is always a 30% risk factor in this analysis. So make sure that the SL is at 25% of the price action.
If as predicted the price moves higher we can expect to make a good return in this.
Thanks for the support TV.
ETHUSDT 1H TFETH is currently moving in a zone from a long time and as it has been falling down, I expect it to move downwards once it breaks this level.
CMP :- 2828
Target :- 1800 (I know it is is a huge one BUT this target will take a lot of time and only if it sustains for a good amount of time once this breaks this pattern)
SL :- As per your risk.
PS :- If it bounces back you can go long with SL around 2600 levels and entry will be around 2700 levels for first target of 3200 level.