Dear Traders, Price have rejected earlier than we analysed in our last idea on ETHUSDT, however, the bias remain the same. We are still looking at the area of $2600 and if is possible then we can also target the lowest which will be $2400. The price have shown us a strong bearish momentum, and due to that reason only, we believe price is continue to drop in...
At the moment we see a pattern forming on the 4H chart of $INDEX:ETHUSD. If the price consolidates below $2 873, the potential targets for the price movement will be $2 787 and $2 724. If the price consolidates above $3 037, the potential price targets will be $3 395 and $3 589.
1h time frame - ETH is creating a potential continuation structure. Also, got support at 0.618 Fibs, which projects target at 3100 in future. Considering the consolidation trend, better to enter while retest critical support in lower time frame. - TP: 3100 SL: 2395
ETH/USDT Entry: 2100-2134 Take Profit: 2300-2350 Stop Loss: 2019 Risk to reward: 1:2 Technical Thesis: We observe a local support for Ethereum at $2,210 and a significant support area at $2,134. The price is anticipated to undergo testing at these levels shortly, making $2,134 an attractive buying opportunity for ETH.
Dear Traders, In our previous two chart analysis we had clearly mentioned that price will touch the $2450 range before it drops and price did exactly that now we are eyeing at $2600 price region. Price currently moving strange, better to wait until we see some stable price movement. Any questions please comment down.
Hey everyone, Hope you are doing great, we have an update on ethusdt, price currently in ab=cd pattern in making, we are expecting a strong bullish impulse to occur within this week. Need some bullish price momentum to give enough boost to the price to attract buyers. Like and comment if you agree with our idea!
Dear Traders, Ethusdt still has potential of hitting $2450 price region, currently price has break -through the consolidated area and then price distributed successfully. Yesterday and today price did not move much due to public holidays and major markets are closed. We expect price to distribute successfully tomorrow. Good luck and trade safe!
ETHUSDT taking support from trendline and we will see a upside movement from here. Manage your risk according to your account size!
4h time frame - ETH hit the resistance from downtrend line which is the top of a falling channel. ETH stays longer than previous times it reached this downtrend line, this is a sign shows comparable strong information. Therefore, ETH has high possibility to break out this channel, and we can have higher target like 2000 and 2200 if break above the structure....
4h time frame - ETH is creating a falling wedge since 17th April, and just got bounce from wedge bottom at 1520 Assuming ETH is keeping satisfying this structure, then we can set target at wedge top around 1850. Also, 1850 is the 0.382 Fibonacci Projection, which is the PRZ and have possibility to bring ETH down to 1300. Therefore, we can set a trading plan...
1h time frame - ETH just broke this falling channel, and it did that broke with a V shape in 15 time frame, refer to our analysis on Bitcoin, doing long is better now. Next, 0.618 and 0.886 Fibonacci Extension assist us to set targets at 1695 and 1734. - TP: 1695 / 1734 SL: 1610
4h time frame - ETH creating a potential bearish harmonic pattern_crab, which utilizes 1.618 Fibonacci Projection of the XA(1745.84~1531.08), the calculated PRZ(Potential Reversal Zone) is around 1880. Also, range 1839~1933 is the resistance zone we talked before, which is made of 0.618~0.786 Fibonacci Retracement, and there is the S/R, too. In conclusion, 1880...
2h time frame - ETH completed trend breaking, and the clear support is 1608(yellow line) According to the continuation possibility and support price, we can set up a trading plan, WHICH target is the reasonable PRZ and also the position that BTC's potential right shoulder top. TP: 1840 SL: 1599
4h time frame - This market tends to fall in near future, but cannot make a huge dump without a continuation structure. Therefore, ETH is creating a potential rising channel or can be defined as a bearish flag, which will provide more momentum for further dump. It's not hard to realize due to concept about "Stop Hunting", market always tries to liquidate as much...
4h time frame - ETH creating a potential falling wedge, also a continuation structure This wedge can be confirmed if go up and reject at 1750~1789 There will be a great price to set short plan, and target is lower 1450 Stay prepared for it
4h time frame - According to the huge rebounce today, ETH has high possibility to retest the uptrend which just got broken om August 18th. Also, there are two reasonable retrace levels and corresponding targets. Retrace 1733 --> Target 1419~1366 Retrace 1846~1866 --> Target 1253 - The targets are matching with our previous harmonic analysis
3D time frame - From previous analysis, we see a potential bat harmonic pattern, which will bring ETH to 1200 by December In this analysis, I provide another harmonic patter on ETH - shark structure. With this shark harmonic pattern, we need to see the last pump to 2215 in near future. Then start a pullback until 1200. As always, get ready to seize ETH below 1200!
3D time frame - ETH creating potential harmonic pattern(bat structure) first support 1420~1460 second support 1175~1210 This structure will bring ETH to 1200 by December. It will probably be the last low before bull start.