ETH ANALYSISIf btc shows negative bias , ETH/USDT will perform accordingly.
According to some technical reasons which we observed there chances that ETH/USDT may settle around 2000>1940>1900 range.
1. Due to negetive RSI and price action divergence in weekly chart.
2. As it's been 4 weeks since ether has been bullish so a retracement upto 0.38-0.50 Fibonacci may take place which is between $2000-1950.
3. In daily timeframe there are high chances of making double bottom around given targets zone.
So don't panic and buy at those precious dips.
ETHUSDT.5S trade ideas
💡Don't miss the great buy opportunity in ETHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (2000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 2080
TP2= @ 2145
TP3= @ 2199
TP4= @ 2270
TP5= @ 2340
SL= Break below S2
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[Crypto] ETHUSDT Breakout or Failed Breakout BetBet for both breakout.
Also lets catch if it does a failed breakout. These are price action points.
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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy 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. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Ethereum on one day chart.ETH/USDT has been trading above 200 ma and formed a bullish pennant pattern.
Bullish pennant price pattern is uptrend continuation pattern & Ethereum broken the resistance level with good increase in volume. Those who are already in position or planning to enter can enter which half quantity and later see if ETH is retested this pattern. If it does, we can add some more quantity. Trade safe.
💡Don't miss the great buy opportunity in ETHUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1731.90).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1863.30
TP2= @ 1946.45
TP3= @ 2040. 40
TP4= @ 2217.00
TP5= @ 2375.50
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn!
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ForecastCity English Support Team ❤️
ETH/USDT on 45 min Chart pattern ETH/USDT has been trading below 200 ma and formed a bearish continuation pattern called being rising wedge. Rising wedge can be formed in uptrend & downtrend too.
As ETH is sustaining below 200 ma line , it indicates that bears are in control & we can see some more fall. Levels are drawn for trades. Look for shorting opportunity once support of the rising wedge is broken. Look for long only when channel is broken and ETH sustains above 200ma.
ETH/USDT ON 2 hours chartETH/USDT has broken its major support trendline but couldn’t sustain to stay above 200 MA for a long time. While posting this ETH is trading in a range market, making a bit dicy for confirmations. Looking at the chart patterns we could plot HEAD & SHOULDER pattern. Once the neckline is broken we can look for short position and target can be the length of the start of left shoulder. Trade safe
It's a great buy opportunity in ETHUSDT @ethereum Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1454.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSDT Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.
Take Profits:
TP1= @ 1564.5
TP2= @ 1647.5
TP3= @ 1715.0
TP4= @ 1803.0
TP5= @ 1944.5
TP6= @ 2039.0
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
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Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️