Trade setup : Trends are mixed but price remains above 200-day moving average, which keeps the long-term uptrend intact. It’s now trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a...
Trade setup : After getting rejected 3x at $2,400 resistance, ETH finally had a bullish breakout from Sideways Channel ($2,150 - $2,400), which signals resumption of uptrend, with upside to $2,750 next. Price has now pulled back to retest that breakout level. Stop Loss (SL) at $2,270 (5% below breakout level). ETH is likely to benefit from upcoming launch (May...
Trade setup : After getting rejected 3x at $2,400 resistance, ETH finally had a bullish breakout from Sideways Channel ($2,150 - $2,400), which signals resumption of uptrend, with upside to $2,750 next. Stop Loss (SL) at $2,270 (5% below breakout level). ETH is likely to benefit from upcoming launch (May 2024) of Ethereum Spot ETF. Which related altcoins will...
Trade setup : Following a bullish breakout from Ascending Triangle pattern, above $2,150 key level, price has reached our target of $2,400 resistance. Now we wait for price to either 1) break above $2,400 to signal continuation of uptrend, with upside to $2,750 next, or 2) pull back near $2,150 support for a swing trade entry in Uptrend with upside potential back...
Ethereum (ETH) technical analysis: Trade setup : Bullish breakout from Falling Wedge pattern, above $1,600, which could signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Upside potential to $1,800 horizontal resistance zone, which also lines up with 200-day moving average, making this a stiff resistance...
Ethereum (ETH) technical analysis: Trade setup : Bullish breakout from Falling Wedge pattern , above $1,600, which could signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Upside potential to $1,800 horizontal resistance zone, which also lines up with 200-day moving average, making this a stiff resistance...
Ethereum (ETH) technical analysis: Trade setup : Trading in a Falling Wedge pattern. We wait for a breakout, ideally above $1,600, that would signal that buyers have absorbed all the supply from sellers and price is ready to resume an uptrend. Recently, following a bearish breakout from Rising Wedge pattern, price also broke below $1,800 key level and 200-day...
Ethereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Now, price is getting oversold (RSI < 30) and approaching support of $1,500, which could be a swing trade entry area, albeit a riskier trade setup since overall trend is down. Trend :...
Ethereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Now, price is again near support of $1,625, which could be a swing trade entry area, albeit a riskier trade setup since overall trend is down. Momentum turned bullish again (MACD crossover)...
Ethereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price also broke below $1,800 support area and 200-day Moving Average. Then, price got very oversold (RSI ~ 22) near support of $1,625 and bounced up. Momentum turned bullish again (MACD crossover) and price could revisit $1,800 resistance area. If it breaks...
Ethereum (ETH) technical analysis: Trade setup : After a bearish breakout from Rising Wedge pattern, price could revisit $1,800 support area before resuming its uptrend. That level is at a cross section of a horizontal support ($1,800), Dynamic Support trendline (blue line in chart), and 200-day Moving Average. Trend : Neutral on Short-Term basis, Uptrend on...
Ethereum (ETH) technical analysis: Trade setup : Price remains in an Uptrend. Recently it had a bearish breakout from Descending Triangle pattern, dipped but rebounded from 200-day moving average (~$1,630) and a long-term up trendline (blue line in chart), which serves as a support area. Price reached $1,930 resistance where it has gotten rejected so far....
Ethereum (ETH) technical analysis: Trade setup : Price is still in an Uptrend on long-term basis. Recently it had a bearish breakout from Descending Triangle pattern, followed by a break below 1,700 support. It’s now reached 200-day moving average (~$1,630) and a long-term up trendline (blue line in chart), which could serve as support area. Price is also...
Ethereum (ETH) technical analysis: Trade setup : After reaching $2,150 on a sharp run up, price was overbought with RSI > 70 and traders began to take profits, triggering liquidations of leveraged long positions. Now it’s consolidating in a Bullish Flag pattern, which is a continuation pattern, meaning that it typically resolves in a bullish breakout in the...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1345). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Ethereum/TetherUS is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1345). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Ethereum/Tether is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1059.2). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Ethereum/TetherUS ETHUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (614). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETHUSDT is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...