ETH has been rejected 3 times from the upper channel and from 1600, it is inside an ascending broadening wedge and has touched the buttom , i think is a sale here at 1575 up to 1610 with tight stop; RSI is going on overbought on 30 minutes but not yet on 1H, looking at the reaction on resistance area i would start selling here ; looking at a cautios trade could...
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Looking for $ETH to breakout of the 15m swing structure and target liquidity to the upside into our supply zone highlighted with entry.
Got limit entries set on this one and looking for a quick rejection, taking profits aggressively on this one.
If the candle closes weakly in the coming days, after the recent rise, the price will enter a downward trend and decrease to the price of 1,100-1,200 dollars.
Hello everyone, let's take a look at the ETH to USDT chart in 4 hours. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 1,545, if the support collapses, the next support is $ 1,520, $ 1,497 and $ 1,463.
Now let's move from the resistance...
Looking to long $ETH from the shown entry on charts. Targeting 15m range highs as a lot of liquidity to be taken.
Strong demand zone, where my entry limit lies.
1% Wallet max.
5R trade
The price is approaching the uptrend line - a strong support. A symmetrical triangle is formed. Possible scenarios for the price movement and the level of support and resistance are indicated
ETH Looks very bullish to me since:
⭐️ BTC has the same structure
⭐️ Domination bearish
⭐️ Volume at bottom. Buyer is holding the price
⭐️ Clear formation that everyone sees
⭐️ 4th approach
⭐️ 35 ATR
⭐️ Over VWAP
I will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% -...
The price is creating another bear flag above the demand zone and the market is testing the 0.618 Fibonacci level, it's a key level
How to approach it?
IF the price is going to lose the support and retest as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red...
In this time frame, after the price broke its downward trendline after a long time, it turned the resistance range into support and formed a FALLING WEDGE pattern.
which is a continuation pattern and it is more likely that the market will rise to the resistance range of $1721. If we expect the price to fall if the volume of sales is high and the price can sell its...
#ETH/USDT
#update
$ETH had a pullback to the resistance zone and shaped double top and bearish flag pattern.
🐻 so I think it's more likely that price break down from the lower line of the flag and continue its downtrend toward $1400 and touch the lower trend line.
Today there is a jobs data report and if it comes out stronger, DXY will increase and BTC will fall, ETH will follow.
Likewise for opposite direction.
However, we have seen an ascending triangle forming.
Signaling a bullish scenario, at least for the immediate short term.
Long now.
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Golden pocket Fib Retracement, POC, and Trendline Confluence. Bos on 5 min and that's all I need to short eth. stop above the highs and target the lows of 1350
