USDTETH.P trade ideas
ETHUSDT TO GO HIGHER, NEXT HIGH 2400? As we know market have recovered a lot in last 4 to 5 months. So what can be next big move? As per my view it is expected to move higher because looking at weekly time-frame it has created a double bottom with june 2022 and november 2022 being those two lows and it is expected to be making a retest at 1800-1900 level to that double bottom. Also looking at 4H time-frame it is creating a W on 200 EMA and making a wedge with 2H time-frame.
And it is expected to reach 2800 price level in coming months.Thank you for reading, will update soon.
RISKY : Pre-Shanghai correction for ETHThere has been a rejection from 1.9k level for ETH. Since there has been a insane increase in price of ETH of more than 47% in the past few days. It is likely that there will be a correction before the Shanghai update.
Since this is a pre-update prediction, this can also go horribly wrong because the overall sentiments of the crypto market are falling in "greed" segment. So if this plays as per plan it will be a quick touch down to 1st target & might follow to the next one.
But will be followed by a bounce.
Worst Case Scenario ETH May Test 1400$.Hello Guys as we can see eth is struggling between 1750-1850$, also btc is unable to break above in single move.
chart is indicating eth may test 1400$ area, bt lets pray eth will break above 1850$.
Crypto community dont want to see another downfall in upcoming days.
hope so somehow btc will break towards 30k.
Ethereum in a decisive moment
Ethereum at a turning point, making a double top which is a reversal pattern.
In a range from 881.50 to 2150.
The first resistance point at the psychological value of 2000 and the second at 2150.
I find it difficult to pass 2000 but if it passes, it will hit 2150 to make a stronger correction.
Down we have first target 1680, second 1450, third 1075 and fourth 881 bottom
ETHUSDT Trade IdeaETHUSDT UPDATE :
ETHUSDT currently trading now $1815. BTCUSDT local 1day support at $1722-$1783 . And resistance at $1851-$1916.
Now ETHUSDT phases resistance at $1851-$1916. If its breakout then we can see $1900-$2000 area. Otherwise ETHUSDT will be Dump.
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Eth short Trade daily TF with supp & resisIn 4 hr time frame the candle is closed below the resis lvl. If the candle close in daily TF below the resis lvl thn enter the short trade till the nxt price tag marked on Chart.
but before take the entry see the market sentiments cuz at that time i was not their to guide you, some research do yourself
Entry see shorter time frame to early enter 4hr 2hr 1 hr
SL $1847
TP $1632, 1554, 1490
Trade the trade at your own risk my not responsible at your any loss
A 'SouthAll' approach towards ETHUSDT.Hello Traders!
1. This analysis is mixed with various concepts; Elliot Waves, Volume, and Parabolic Movements. Hence the name 'Southall'.
2. The count is clearly stated on the chart. We're following almost the same pattern as we expect in BTC .
3. We see significant volume spikes in the selling zones and less volume in the buying zones. This also indicates the built-up selling pressure .
4. We also see ETH respecting two upward-sloping curves . The indication seems very clear.
5. I see the crypto markets as intrinsically bearish, at least till a new low is made.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.