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Ethusdidea

ETHEREUM needs more correction ❌🧨Hello 🐋 the price has started the new trend to the downside before any other huge pump and this trend should be completed ❌🧨 if the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction ❌🧨 if breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨 brief amount of green candlesticks to the upside before any other movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
2
Ethereum ----- Big bear flag !!!!!!80% crash targetEthereum shows a lot of weakness on the major timeframe. You can see that the downtrend was pretty steep, and now we are in a bullish correction / consolidation. The chart is printing a big bearish flag or ascending parallel channel , and I think we should test the upper trendline first before continuing lower below700 USDT. The bear flag is a little bit hidden, but you can spot it with a little skill. We have been consolidating within this bear flag for almost a year now. At least a 30% pump is very possible at this moment, and it will be a great time to take profits before a huge crash! A trendline from 2015 on the ETHBTC chart is breaking down, which is a significant bearish technical event. Make sure you check out the trendline in the related section down below! I can say that the majority of people are refusing to accept the fact that ETH and BTC could continue in the bear market. I can see it below my previous posts in the comment section, so I can make a pretty accurate conclusion. I also use this indicator for my analysis. The major crash could occur in September 2023 or later. Now I think ETH will go up by 30%, even though I am not going to speculate on any longs at this point on ETH.
Short
by tradewithsara
1
Ethereum -> Wait For The CloseHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe Ethereum just recently perfectly retested and also rejected a quite obvious previous weekly resistance area which was turned resistance once again. You can also see that we are currently retesting weekly support and it seems like the market will close this week's candle with a quite bullish rejection wick, so from a weekly perspective we can still see more continuation towards the upside. On the daily timeframe however you can see that market structure is bearish, so I am now just waiting for a break above the $1500 resistance area and if we then get a retest and bullish confirmation, the daily timeframe also looks quite promising for a next impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
Long
by basictradingtv
31