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Ethusdforecast

ETHUSD 16% Drop was expected will it reach 400.00 level ?ETHUSD ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Price around 450.00 and in consolidation phase 2️⃣Trading within arising channel 3️⃣ Crypto's in uptrend and broke of 400.00 level 4️⃣ 430.00 Dynamic support and resistance 5️⃣ 500.00 will acted as strong resistance-Key psychological level 6️⃣ 490.00 will Acted as strong support-Possible entry point 7️⃣ Technical support - bullish 8️⃣ 420.00 will acted as key reversal-Bullish 9️⃣ October high-Immediate resistance-Alternative bullish entry 🔟 Possible swing target-420.00 lower counter trendline #️⃣ Overall bullish trend-Within a rising channel —————-❇️——————- 📉 Technical bias-H4-Bearish Price is above 50,100,200 Exponential moving average 50 Exponential moving average will act as resistance Bear Relative strength index - well above 50 - bullish trend MACD -Turned red and felled below the signal line, Oscillators pointing downward Stochastic - Reached around 50(Neutral area) The decision was neutral here Ichimoku cloud -cloud is still green-Middle line supports bullish trend Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band —————-✳️——————- Key reversal area's 400.00 psychological level 384.00 Point of control area Volume analysis 422.00 Oct month high 332.00 Oct month low 488.00 Sep month high 311.00 Sep month low 400 50% Fibonacci retracement level 500.00 Major psychological level 488.00 Possible entry- Bear 420.00 Trendline resistance/Alternative bullish entry —————-✳️——————- Bearish entry #Etherium #ETHUSD Entry price - 488.00 Take profit 01 - 440.00 Take profit 02 - 410.00 🚫 Stop lose 510.00 ⬇️16% Drop expected ⤴️ Account growth 4.5: 16 ✅ Risk reward ratio 1 : 3.5 —————-⚜️——————- Push the like button , And cheer up if you found useful
COINBASE:ETHUSDShort
by forexorbit
ETHUSD double bottom and break of trend line + Bullish engulfingETHUSD Around 309.00 area price got rejected twice and formed a Double bottom and bounced back from this level Currently the price is above .236 Fibonacci retracement level. In 4 hour timeframe we are expecting a bullish engulfing candle. And its also reached a price action level and previous lows may turn support for the bear Series of Higher high Higher low and Higher high was forming which is a bullish sign. In Elliot wave principal the 2nd wave is completed and the 3rd way is underway. We are expecting this 3rd wave will end at .50 Fibonacci retracement level and resistance zone and a key psychological 400.00 level .50 Fibonacci is coordinated with the Lower high of Previous lower side impulse wave. And this level will act as resistance for the bull. If this level broken then the next target would be 450.00 which is a .786 Fibonacci level and swing area The 50,100,200 Exponential moving average is acting as resistance for ethereum. RSI managed to move above 50 mark If the USD will remain weaken we can expect this crypto will visit the 2020 high level which is around 490.00. On downside 310.00 will remain act as a major resistance level Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
COINBASE:ETHUSDLong
by forexorbit
ETHEREUM has broke the previous year July high levelETHEREUM COINBASE:ETHUSD On month starting this cryptocurrency has briefly reached the 490$ per one ETH. As the bitcoin tumbles ethereum has also giving back some of this yearly gain. And the price is currently trading below the July-2019 high which is previously acted as support for the bullish run. In daily chart strong bearish engulfing pattern is underway. If the price close below the 364$ mark in daily timeframe. More sellers will get in to the action. The next target will be around 300$ level which is the next major resistance zone. Stop lose may place above 400$ level. In Elliott wave analysis the 5th major wave is completed and the minor correction waves are forming and will update about the wave formation in coming days Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
COINBASE:ETHUSDShort
by forexorbit
2
ETHUSD to see a downtrend further4hr)| Bearish MomentumMarket in last 24hrs ETHUSD saw an uptrend and got rejected from the upper Bollinger band Price volatility was very high. The market moved ~6.13%, between $486.00 and $457.95 Today’s Trend analysis ETHUSD expected to see a downtrend as the price got rejected from the upper band after riding the band Price at time of publishing: $472 ETH’s market cap: $53 Billion Oscillator indicators are mostly neutral. RSI at 73 Moving average indicators are suggesting an uptrend. Ichimoku Cloud is neutral Volume indicators observed a decrease as the price rides the band and rejects Price expected to see a downtrend as the price got rejected from the upper band after riding the band. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, signal line approaching the MACD line from below with histogram size decreasing in positive direction. RSI at 73, in the overbought region decreasing, suggesting a trend reversal soon. CCI with a value of around 167 in the overbought region with a down move indicating a downtrend. Another interesting point to notice here is that the Bollinger band expansion takes place with a decrease in volume as price falls. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4 Hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:ETHUSDShort
by Mudrex
5
ETH/USD Rockets To 2-Year Highs Technical Analysis (09/01/2020)Technical Analysis 1 September 2020 Ethereum (ETH/USD) extended recent gains early in today’s North American session as the pair appreciated to the 473.53 area after trading as low as the 428.65 area during the Asian session. Stops were elected above the 474.59 area, an upside price objective that represents the 50% retracement of the historical depreciation from 828.97 to 80.60. Additional upside price objectives include the 487.55, 498.68, 516.03, 517.38, 531.80, and 543.09 areas. The pair’s ongoing upward momentum was confirmed yesterday when buying pressure emerged around the 418.79 area during a pullback, representing the 61.8% retracement of the historical depreciation from 627.83 to 80.60. Stops were elected below the 398.91, 397.08, 396.37, 392.67, 386.63, 384.29, and 382.47 areas during the pair’s recent depreciation from the 447.50 area, and traders are curious to see if these levels provide any technical support during pullbacks. The 396.69 area remains an important technical level, representing the 23.6% retracement of the historical depreciation from 1419.96 to 80.60. Following the pair’s recent appreciation, important technical levels include the 416.00, 409.64, 389.91, 383.02, 374.83, and 360.04 areas. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 407.83 and the 50-bar MA (Hourly) at 433.80. Technical Support is expected around 349.75/ 331.95/ 315.08 with Stops expected below. Technical Resistance is expected around 487.55/ 498.68/ 516.03 with Stops expected above. On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage. Yesterdays Technical Analysis 31 August 2020 ETH Ethereum (ETH/USD) added to recent gains early in today’s North American session as the pair appreciated to the 439.00 area after trading as low as the 418.16 area during the European session. Some Stops were elected above the 438.40 area during the ascent higher, representing the 78.6% retracement of the recent depreciation from 445.45 to 412.51. Traders had earlier pushed the pair as high as the 439.00 area during the Asian session before profit-taking knocked ETH/USD lower. Recently, bids emerged above the 377.44 area, representing a test of the 61.8% retracement of a recent appreciating range from 362.88 to 401.00. Stops were elected below the 398.91, 397.08, 396.37, 392.67, 386.63, 384.29, and 382.47 areas during the pair’s recent depreciation from the 447.50 area. Following the pair’s recent depreciation from the 447.50 level to the 379.53 area, traders are eyeing upside retracement levels around the 395.57, 405.49, 413.52, 421.54, and 431.46 areas. The 396.69 area remains an important technical level, representing the 23.6% retracement of the historical depreciation from 1419.96 to 80.60. Following the pair’s prior run-up, important technical levels include the 414.17, 396.12, 392.67, 383.53, 376.90, 363.13, and 358.75 areas. Recently, the pair has encountered buying pressure around the 23.6% retracement of the appreciating range from 268.39 to 415.00, and downside retracement levels in this appreciating range include the 373.89, 364.70, 355.50, 344.13, and 342.42 areas. Afte recently taking out the 445.45 level, one upside price objective is the 454.79 areas. Stops were recently elected above the 336.10, 337.33, 342.29, 350.44, 354.22, 366.48, and 369.26 areas during the move higher. Recently, bids emerged just above the 314.07 area, a level that represents the 50% retracement of the broad historical depreciation from the 547.54 to 80.60. A couple of interesting levels that traders will observe during retracements lower include the 301.20 and 301.40 areas, and they are related to buying pressure that emerged around the 241.62 and 319.86 areas. Likewise, the 312.82, 316.32, and 322.16 levels are areas with important technical significance. Chartists are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the 100-bar MA (4-hourly) at 406.75 and the 50-bar MA (Hourly) at 418.57. Technical Support is expected around 349.75/ 331.95/ 315.08 with Stops expected below. Technical Resistance is expected around 454.79/ 487.55/ 498.68 with Stops expected above. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.
COINBASE:ETHUSD
by MavRich_Trading
3