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Ethusdcrypto

ETHEREUM: NOT YET BULLISH.Hello traders, here's a quick update on ETH in a daily timeframe. For the last 7 days, ETH is ranging between $1150 to $1300 not showing any sign of bullishness. On the 8th of November 2022, when ETH dumped -32% it quickly made a bounce back creating a support line below it. So far ETH has well maintained the support and it must continue to do so to stay above the $1100 range. If ETH breaks down the support line, it may possibly take another bearish turn and could be below the $1000 level. On the other hand, a bounceback from the support is expected and this expectation could be a 35% pump on ETH. Let us see how ETH reacts to the recent market situation. For now, I will wait and watch patiently. I hope this update will be helpful for you all. Thank you for your continuous support. Trade safely.
COINBASE:ETHUSD
by Dexter_The_Trader
3
ETHEREUM: HOLDING ON THE SUPPORT.Hello traders, I know the market isn't looking good and I am sorry if any of you got rekt in this dump. If you remember then in one of my BTC updates I mentioned that I am out of the scalping game and I would rather go for long-term trades. Well, there you go, we are playing the long-term game now. Coming back to the chart, ETH is strongly holding the support range of $1100. This is a crucial point for ETH and it must bounce from here. If it breaks down the $1100 support, I am afraid that the next support will be close to $300 to $500. Flipping to the positive side, if ETH bounces back, then in a long term we can expect a rally toward the new all time high. Supporting the positive side of ETH, we have the RSI making a hidden bullish divergence. By the way, this chart is in a 2 weeks timeframe so don't consider this for the short term. More on ETH later. Have a good day, fellas.
BITSTAMP:ETHUSDLong
by Dexter_The_Trader
7
ETHEREUM: STILL HOLDING THE SUPPORT.ETH is doing good so far. Although it is holding the $1260 support level, ETH is still under a bearish pattern. You may call it a bearish pennant or a descending triangle, in both cases, it is bearish. We may see a bounce back to continue with the pattern which will be good for scalping. But unless we see a breakout above $1347, a bullish move will still remain pending. Also, be careful with the breakdown, if ETH makes a move downward then this may change the market scenario. I hope this update was helpful. Thank you for your support. Trade safely, guys.
by Dexter_The_Trader
6
Etherium - how the flat movement will end.The instrument continues to trade in the range min1218 - max1410. At the lower border of the trading range we don't see a pronounced buyer, as well as the lack of supply, this situation makes us wait for the logical completion and exit the flat movement into the trend. Trading inside the channel is possible. If you like the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy
BINANCE:ETHUSD.P
by Artem_Dishel
4