#ETHEREUM Did an awesome Return as per my chart analysis.
➡️ Entry was filled at $2300 after breakout.
➡️Now hit our both Targets.
TP1: $2636 ✅
TP2: $3000 ✅
Hope you enjoyed it.
Remember to take profits friends - discipline pays.
CRYPTOCAP:ETH #ETH
Closed the remaining two positions and booked a profit of about 7.21% and 6.96% of the invested capital.
In a high interest rate environment like this, when a recession is around the corner, I don't feel comfortable in holding onto a risky asset class like crypto in these valuations.
Will consider a re-entry if a deeper crash hits the market.
ETHUSDT on 4 hrs. chart is showing resistance.
Technical Analysis:
1. Backtesting within the last 7 days shows that there are no specific patterns in the MACD, RSI, BOLL, and KDJ indicators.
2. Backtesting within the last 30 days also shows no specific patterns in the MACD, RSI, BOLL, and KDJ indicators.
3. The BOLL support price is $2,476.42, and the BOLL...
#ETHEREUM Ready for $3000
As per the chart, CRYPTOCAP:ETH Broke $2380 Resistance and trading above Resistance.
We can see $3000 in a Few Days but Must hold $2340 Support.
#Cryptocurrency
ETH has different movements from BTC's in most of the time. It is moving in a corrective wave pattern in monthly frame in which it is likely to finish another 5th motive wave in A-B-C-D-E pattern (weekly frame), then it will move downwardly following a zigzag 1-2-3-4-5 set of wave to finish C corrective wave in monthly frame.
#Ethereum Market Update: On the Way to $2800!
Current Status:
Ethereum (#ETHUSDT) has shattered the $2300 resistance mentioned in the last post and is now trading above $2400.
Bull Flag Resistance Broken at $2255, with a successful retest at $2200.
Analysis:
Bullish momentum continues, setting the stage for a push towards $2800.
Caution: In the event of a...
CRYPTOCAP:ETH Chart Pattern:
#Ethereum price is currently experiencing a bullish pattern in higher time frames, forming both a symmetrical triangle and a bull flag.
The breakout and subsequent retest of the support level have been confirmed, indicating a potential target of $2,800.
However, if the price of #ETH breaks down below the $2,240 support level, it...
Bearish View on ETHUSDT
Trade:
Sell ETH Perpetual future at $2220
Stop Loss: $2260
Target: $2170
Max Profit: $50/ETH
Max Loss : $40/ETH
Rationale:
The most recent movement in ETH suggests a potential temporary halt in the upward momentum, with noticeable retracements in play. Moreover, a recently established supply zone/resistance has been pinpointed on...
#Ethereum Symmetrical Triangle Analysis CRYPTOCAP:ETH
#ETH is currently forming a symmetrical triangle, presenting a potential breakout or breakdown scenario.
A successful breakout above the $2340 level indicates a bullish trend till $3000 Target.
But
Conversely, a breakdown below the symmetrical triangle support at $2200 suggests a bearish trend And Traders...
Ethereum's price is currently above a crucial support level at $2,147, maintaining a bullish outlook.
Bears are gaining strength, as indicated by the Relative Strength Index (RSI) below 50 and red bars on the Awesome Oscillator (AO) moving towards zero.
The Moving Average Convergence Divergence (MACD) shows positive histogram bars but had...
