ETHUST trade ideas
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 45 min chartETH/USDT has been trading in downtrend below 200 ma. There are lot of levels which can confuse traders while trading. We suggest to go long only when ETH sustains above 200 ma. Go for short once levels are triggered.
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
ETHEREUM Still goin good ETHEREUM as we shared, has given a good reversal from the support zone. Fibonacci 38.2% level and 200 MA has acted as a strong support.
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ETHEREUM ANALYSIS ON HOURLY CHARTETHEREUM recently saw a huge Volatility in the price. After making new high, ETH is testing Fibonacci 38.2% level and the same level is acting as a crucial support (200MA). If support is broken, ETH can form an HNS pattern resulting in short positions.
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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ETH/USDT Following some candlestick pattern for identifying price prediction.
according to current market behavior hold buy/selling activity for now.
ETHUSDT(Support line breakout)ETHUSD (4H CHART) Technical Analysis
Support Breakout
ETH/USDT currently trading at $1442
Short Entry-level: $1470 - 1430
Stop loss: above $1670
Target 1: $1200
Target 2: $1045
Target 3: $915
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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💡 Don't miss the great buy opportunity in ETH/USD @ethereumTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1916.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Ethereum/TetherUS 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 52.
Take Profits:
TP1= @ 2030.0
TP2= @ 2111.0
TP3= @ 2200.0
TP4= @ 2300.0
TP5= @ 2396.5
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
