ETHUSDT.5S trade ideas
Double Bottom on the Ethereum 1hr chartShort for the small time frame, 1hr, Double bottom, exit near the neckline if you want to be conservative otherwise you can hold a little longer.
Measuring the top to the neckline and then measuring the target accordingly confluence with another rising wedge pattern resistance line which Ethereum broke earlier and now can be considered as support. The double top also coincides with the Bollinger Bands in the 1H time frames which further support the short position. Ethereum can show some support at the moving average in the middle but is most likely to disobey it and keep moving downward and can find support at the mentioned level. If you can watch the chart continuously look at the volume indicator and exit at a major level of support/resistance if you see the exhaustion in the volume.
It is for the shorter term and afterward, we can expect Ethereum to reach 5K soon!
Disclaimer: This is not financial advice in any shape or form. BITSTAMP:ETHUSD
ETHDOWN is at the very low price levelETH hits the all time highs near to 3000$ but ETHDOWN hits all time lows 0.0010$ holding for few days have chance to give big returns on ETHDOWN. as it reaches the lower low level of the expanding triangle.
waiting for the rally soon.
ETH : Days are not far away from being best crypto This is the 3rd Wave, Adaption of crypto have been started. The way China dealing with digital currency, its ideal way to deal with cryptos, it means platforms have better opportunity to bridge that gap. Now people will have to switch from BTC to ETH.
Ethereum-Already in momentum move to $3kBest accumulation zone for ETH/USDT is 2300-2600 assuming it hits 3000 in this upmove itself, and even a retracement from that level will land it in this zone only. Downside capped at hard base of $2,000.
Capital(10,000) Allocation strategy-
1000- Buy now
3000- around level of $2500 in the retracement move.
6000- wait for sharp correction and buy around $21-22,00.
Ethereum-Already in momentum move to $3kBest accumulation zone for ETH/USDT is 2300-2600 assuming it hits 3000 in this upmove itself, and even a retracement from that level will land it in this zone only. Downside capped at hard base of $2,000.
Capital(10,000) Allocation strategy-
1000- Buy now
3000- around level of $2500 in the retracement move.
6000- wait for sharp correction and buy around $21-22,00.
Ethereum-Already in momentum move to $3kBest accumulation zone for ETH/USDT is 2300-2600 assuming it hits 3000 in this upmove itself, and even a retracement from that level will land it in this zone only. Downside capped at hard base of $2,000.
Capital(10,000) Allocation strategy-
1000- Buy now
3000- around level of $2500 in the retracement move.
6000- wait for sharp correction and buy around $21-22,00.