Despite the slow start to 2022, many analysts remain positive, anticipating that Ethereum's price might approach and beyond $12,000 this year. The price is currently bouncing inside a channel, and we are near the bottom, so a pullback is the most likely scenario.
if the triangle breaks we may see a breakout in either direction
1 week earlier also I have mentioned this idea and it fell 220+ points more than 7%, again I am warning Ethereum could really be a falling comet, be cautious. Huge rounding top is clearly visible in its weekly charts.
Buy ETH with SL around $3000 (white line support) if broken then it will go down around $2500 ...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (2904.46). . 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...
Eth is breaking raising channel we can see sell off soon ,keep target 🎯 on above support and wait for next support for profits booking.
Ethereum come down wave c wave c internal wave 1,2,3,4,5 wave 1,2,3,4 complete wave 4 retracment wave 3 is 62 % near I draw trend line channel this chart wave 2nd to 4 rth andle of trend line 19 degree and i draw 4rth to trend line 19 degree bitcoin compelte near the correction wave 5 interal wave 1,2,3,4,5
Ethereum could keep falling as it has created a rounding top of larger frame, though we have seen a morning star pattern a bullish reversal signal but it has not sustained which means Bear are much stronger.
Will this ascending training lead to bullish breakout?
ETH has Resistance @ $3200 and Support @ $2900, if support broken it will go down to $2500 -$2200 levels Happy Trading ...
ETH/USDT For Buy or sell ETH/USDT For Buy or sell For good buy ETH to the moon
Here's an idea how it might play out on ETHUSDT. I fell it is bearish. Let me know your views in comments.
ETHUSDT, 4H, simple trading. SHORT, target 2200usd
After a freefall eth halted at major level of 2160 and started consolidating now it has formed a inverted head and shoulder currently the neckline and the mid resistance at 2630 after the breakout and retest it can go upto 20% which will be 3200 usdt NOTE: * used shciff ptichfork the price bounced back from lower median * after the confirm breakout...
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. ======= I use shorthands for my trades. "Positional" - means You...
" BUMP AND AND REVERSLAL " pattern in ETHUSDT. The price target for this is at the top level of this pattern if break above the trend line.
risk: Reward ratio is 1: 2 Rest as per Charts ******** 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...