Ethereum (ETH/USDT) seems to be forming a bearish Head & Shoulders pattern. An ABC correction in play with a lower high. At ~1700 we have our stop-loss above a strong resistance - MP/TPO POC + R1. VPVR POC marks the main pivot level and our target is at ~1450 (immediate support below). MP -> Market Profile TPO -> Time Price Opportunities POC -> Point of...
Eth can makes cup and handle chart in 1h as well as 45min... But this is valid when it gives breakout above 1657... And etg will face next resistance 1672.. If it cross both then it can be bullish...
Although ETHEREUM has taken a support at 1500 level but the price action suggests there is more weakness to follow if it retests support again & breaks with decent volume 1300 is on the cards, BUT first wait for it to break 1500 decisively.
are we ready for this merge is near and ethereum showing a strong move against BTC it has formed a ascending triangle in 4hr time if it breaks out we can see a good rally in it price expectations are 18k in sort time and longer duration if merge goes well eth can be seen at 20-21k
Disclaimer: All Videos/Information on this channel are for Education purpose only .They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investment decisions. I would like to see sell from Premium Zone
Time Frame: 4H Symbol: ETHUSDT Bias: Neutral We do not have any bias for this instrument for the time being.
It maybe too early to say but does that look like inverted cup & handle on weekly? It would be interesting to see if it breaks that with huge volume, incase it does I would not even touch ETHEREUM for a long period of time. I hope that isn't the case though..
Looks like ethereum has more weakness ahead, 1420 is likely to be reached in quick succession and on break of that, next will be 1300. For now it looks inevitable. So liquidate your longs if you have any. IMO!!
If ETH holds this trend there is high probability of price moving towards vectors upside.
These are the most important Ethereum levels at the moment! Pivot: ~1565 | Support: ~1533 | Resistence: ~1652
Pivot: ~1566 | 1st Support: ~1512 | 2nd Support: ~1470 | Resistence: ~1607
ethereum buy 1585 stoploss 1570 target 1600 or 1620 or 1650 #nfa
ethereum complete correction and go upside ethereum start impulse start
Falling wedge of Ethereum on 4Hr time frame ... upside breakout possible
Pivot: ~1524 - 1st Resistence: ~1624 - 2nd Resistence: ~1822 - 3rd Resistence: ~1923 *Probable Pullback: ~1496
Time Frame: 4H Symbol: ETHUSDT Entry: 1448.08 TP: 1304.24 SL: 1559.96 Bias: Short We are planning a short opportunity based upon our study of price patterns .
ETHUSDT In Head and shoulder pattern, forming bearish