ETH is getting weak, is not able to pass MO and MH, I would sale here at 1552 up to 1560 as a second rejection with 1535 as TP , the support of channel board , SL could be placed at 1567; i preferred the short side either if we are having choppy weekend and direction is not clear.
The price bounced from $1700 resistance. RSI confirmed the price reversal. MACD histogram supports the further downward movement.
But we don’t see strong sellers, and there are no active buyers too. The market is consolidating below the resistance and it gives us an opportunity to plan future trades.
Bullish Plan
A breakout above the resistance will create trade...
some thoughts on the week-end
Assuming the move up was an impulse, it is logical to look for long entries.
I don't think that the correction is over, it should be larger, and, more sophisticated, as history shows)
Trade safe
as this scenario, there is no hope to see the good and powerful signal to rise again the crypto in this month, after break the trend, we should show the another bearish market, like all other stocks and cryptos.
next step will be in 1500$ and other one to 1445$
Hey all traders,
One of the good positions and setup for trading (in futures) is to enter after the channel lines (support and resistance lines ) have broken.
Here is an example of an Ethereum mini-channel on a 4-H timeframe.
A small uptrend channel in a very large downtrend channel, which we call a mini channel ( or Just I'm Call it ! ) anyway :-D
As long as...
Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌On the chart, the formation of an ascending channel, globally, the asset is now trading in it.
📌At the moment, the support zone is the level of $1550 and the resistance level of $1620
📌I expect further corrections are active in the $1520-1540 zone,...
Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️ Ethereum again returned to the support level of $1550. Locally, the nearest resistance is the $1628 zone (0.382 Fibonacci)
▫️I placed my buy order just below the local support of $1540 by (5% of the deposit) in long. I think there will be...
Price recently broke below the support line but it is showing slow movements at the moment. MACD is showing bearish weakness, RSI and EMAs are neutral. Price should liquidate the support line before moving up again.
My general analysis of the future trend of ETH is like this, and all the rich people make purchases according to these trends and suitable points at low prices, such as the 1000/1500 channel.
NFA, DYOR, everything I see on the chart. The previous breakout was fake, this down channel is drawn on daily TF with only candle bodies included, dotted line above represents the extreme point of it. Price can go up from here but volume is low, I think one more push to the downside is needed to meet the daily demand zone and the trendline before price rises...
Eth is again in buying range. In my view Eth is stronger BTC.All major resistance and support are mentioned in graph.All the movement is mentioned decided by these Support and Resistance
Hello friends, in the daily time, we see the price reaching the third wave and now we are completing the fourth correction wave.(4) According to the wave a chart, the correction is over and we are forming wave b until the price of 1447$, and after that we expect the growth of wave c(5 waves, CP forming) , which will grow until 1711. be profitable.
Hey guys, whereas we are currently in a downward trend and the market made two down dirves, i expect the price goes down to creat third drive until next significant volume which is around 1230 and even more to recent highest volume range which is 1065.
In the terms of fundamnetal factors we have two importants events on the September which is integration of ETH...
Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start...
