Ethusdt making a head and shoulders pattern with rejection of good support
Here are the two main things that I can predict from the ETHUSDT chart. 1 Cup and Handle 2 Support line One can easily spot a Cup and Handle Formation in the ETH right now. It all started in May 2021 and the base of the cup was formed in July 2021. In November 2021, one can easily see that cup has formed totally. Now comes the Handle. The basic thing that one...
I was looking at Ethereum (ETHUSDT) daily and was having a hard time deciding which way to go, what to look for, what is happening now and what is likely to happen next. I set the timeframe to weekly (W) and multiple signals showed up right away. Ethereum Chart Analysis by Alan Santana Looking at this chart, ETHUSDT has been correcting since November. Prices...
so ETHUSDT is now on a trendline support and also on 0.50 fib level on 1d chart. however we have resistane on each layers. plan your shorts now
Here is an analysis of ETHUSDT pair on 4hr time frame. There is rising wedge in long term pattern and falling wedge in shorter term pattern.
Now ETH perfectly running major support area Important Rule: if support line broke exit order only candle closes below support line
This is not an investment advise!!! Head and shoulders pattern formation on ethereum on a Daily timeframe Target should be around 3400 levels. * I'm not an expert analyst. This is something is just learnt, so I'm sharing this with public. If you guys find anything wrong with this post, you can tell me about that in comments. Have a nice day!😄
Strong resistance at 4700s. If rejected, will range from 4000s-4700s for awhile.
entry stoploss and target are mentioned eth can retest his support 4200
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...
Ethereum will overperform with btc pair Entry below $4000 Stoploss $3800 Target $4300 Target $4550
eth run on track look's like train so keep watch and enjoy this time and be positive . best of luck
On daily time frame, RSI is making lower highs but the price is making higher highs. That in my experience is a bear divergence with clear rising wedge pattern. Keep an eye on all the price levels when ETH breaks down the triangle. The only thing that can keep this from happening is announcement of L2 or ETH2 merge on ETH mainnet
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
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This week Eth might cross its ATH then 4800$ will act as a support and resistance will b3 5000$. If EtH crosses 5000$ then it can go 6000$.
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Ethereum is taking support of trendline. 20 DMA below price level. Could be a good support until broken. If 20DMA broken, then we may need to reconsider buying level. If day's candle closes above previous day high, then its a buy. RSI is approximately >60 Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical...