💡Don't miss the great buy opportunity in ETHUSD @ethereum Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1916.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 1981.5
TP2= @ 2043.0
TP3= @ 2136.0
TP4= @ 2276.2
TP5= @ 2450.5
SL= Break below S2
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Ethusdtlong
💡Don't miss the great buy opportunity in ETHUSD @ethereum Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1916.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 1981.5
TP2= @ 2043.0
TP3= @ 2136.0
TP4= @ 2276.2
TP5= @ 2450.5
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 / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Ethereum Price Flips Massively Bullish On Approaching $2,000
Ethereum's flash drop under $2,000 called more investors into the market.
Short-term technical levels turn bullish as Ether settles above $2,000.
Ethereum lost significant ground following last week's rejection at $2,650. The downtrend worsened upon breaking former support at $2,400. Finally, the pioneer smart contract token extended the bearish leg under $2,000 until support at $1,800 came to the bulls' ratio.
At the time of writing, Ether trades at $2,015 amid the initial recovery phase from levels beneath $2,000. Securing support at this level is the bulls' priority and will allow buyers to focus on lifting Ether toward $3,000.
Ethereum gains traction after a huge dip
The Moving Average Convergence Divergence (MACD) affirms the bullish outlook based on the four-hour chart. After revisiting the negative region, the MACD shows signs of an upturn. If the MACD line (blue) moves above the signal line, we expect the call to be confirmed. Similarly, Ethereum's uptrend will carry on as bulls aim for $3,000.
The Relative Strength Index's (RSI) recovery from the oversold toward the midline emphasizes the bulls' growing aggressiveness. Settling above the average level will cement their influence in the market while closing in on the overbought could bolster ETH significantly upward.
It is worth mentioning that support at $2,000 must hold to avoid a reversal to $1,800. Besides, various resistance levels must come down to make the bulls' mission to $3,000 achievable in the near term, including $2,100, $2,400, and the 200 Simple Moving Average (SMA) on the four-hour chart.
Ethereum price intraday levels
Spot rate: $2,015
Trend: Bullish
Volatility: High
Resistance: $2,100 and R$2,400
Support: $2,000 and $1,800
Ethereum Potential W-bottom breakout at 2250Ethereum is potentially forming a W-bottom (swing low followed by a higher swing low), and the neckline of the pattern is at 2250. We need to see a strong break above 2250 with above average volume for us to consider taking a long. And because price is already at the neckline, the break needs to happen rather quickly otherwise the W-pattern gets invalidated.
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ETHUSDT Short or LongThis is something what I watching atm for ETHUSDT.
Will post screenshots for possible long here (even from this level) but prefer to come to better buy zone with solid SL and very good R:R.
Anyway if I see run from ETHUSDT to that level where is strong confluence, golden pocket high to low, possible 1 to 1 extension and Crab harmonic pattern (appears often in B-C Elliott wave fractal) will watch for possible short (still will see how this develop in meantime.
Also can fit, maybe too perfect, in EW count where we have 5 waves down and in that point finish upper correction.
REMEMBER all this charts is education only based on harmonic patterns , Elliot waves and Fibonacci.
ETHUSD Going back to 3k! This is where I'll buy more.Bitcoin is pumping at the time of writing this update almost, $41,300 and ETH trading around $2600.
I expect ETH to break the tringle very soon.
Once this happens ETH will be ready to push above the 3K AND EVEN 4K LEVEL.
All that it needs is to hold the 21D and 50D MA levels.
Accumulating ETH between $2400 to $2600 is a good investment IMO of course if you haven't bought yet!
(DYOR)
What do you think?
What's your instance on ETH? Share your ideas in the comment section.
I will be posting more ideas on ETH soon.
Follow me for more updates.
Do appreciate with likes. Do not hesitate to ask your questions in the comment section.
Thanks for following
Stay safe
#PEACE
ETH/USDT Potential Upward Movement 🚀 Technical Analysis:
The price is trading between two strong key levels which are the 2295 & 2939 USDT. The coin succeeded to break the descending channel to the upside with a double bottom near the strong support. A lower correction might be seen to the highlighted zone before a rally to the target profit.
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Trade Idea:
Buy Limit Order @ 2457.00
Take Profit @ 2622.57
Stop Loss @ 2375.09
Trade Safely 🙂
Ethereum bullish inverse head and shoulders!Ethereum is testing the neckline of the inverse head and shoulders pattern at 2540-2550. Bitcoin has already broken out of the inverse head and shoulders, so lets see if ETH can follow. A break above 2540-2550 with good volume could be a good place for a long.
As always, I’m not a financial advisor, do your own research, and stay safe!
ETHUSD UPDATEHello fellow traders, if you like the idea, do not forget to support with a like and follow.
DISCLAIMER
________________
Forex trading and trading in other leveraged products involve a significant level of risk and are not suitable for all investors.
THIS IS NOT IN ANYWAY AN INVESTMENT ADVICE! DO YOUR OWN DUE DILIGENCE BEFORE TAKING ANY TRADE.
ETHUSDT Technical Analysis UpdateETHUSDT has broken below the Support and on the 4H and 8H has been rejected multiple times from a major Resistance, Now it's at the minor Support area which means it might get a pullback for the 5th time to the Resistance for a retest before it moves down to 2240.23. We need to see the price action on the lower TF carefully to see if there is any good entry for a call or short position.
Happy Trading :)
ETH/USDT Broke Out of the Smaller TriangleThe decisive breakout of this yellow mini triangle and medium green triangle should take us outside the boundaries of the larger 2 week orange triangle to the upside. First target from the yellow mini triangle is already hit, but the medium and larger ones will take us way up. Here's what I think will happen:
Yellow Mini Triangle Target: $2,806 - HIT
Which broke us out of the Green Medium Triangle
Green Medium Triangle Target: $3,067 - PENDING
Which would break us out of the Orange Macro Triangle
Orange Macro Triangle Target: $4,088 - PENDING
Let's see how this all plays out. Happy trading!