ETH - 1h chart
Resistant zone nearly touch , don't chase price
sell limit 1680
SL. 1720
TP1. 1519
TP2. 1490
The above is sheerly a personal analysis, only for reference.
Please make sure your per trade risk 1~3%
BYBIT:ETHUSDT
1H time frame
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ETH already broke out this ascending channle, also can call it Bearish Flag, here is a good place to open short with high leverage/low position.
Or we can short it after retesting the lower uptrend line again.
Targeting 1505
Stop loss if futrther candle close above the lower uptrend line.
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(ETHUSDT 1W Chart)
The key is whether it can move up near 1741.38 and break out of the bearish channel.
To do that, we need to make sure that we keep the price above 1340.12.
(1D chart)
1st...
hello friends,hope you all having a good day!
ETH touched our first target,then,broke out from this acsending wedge.manage your risk properly and set your orders!
good luck!
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ETH has held this trend support for a few weeks now, only break below has been a short trap!
also notice how we dumped to a perfect RSI support level, once we break back above 1585 I expect another quick rally to 1700 area. lets see what happens, goodluck
1 - Ethereum is now the leading cryptocurrency because everyone is anticipating the greatest event in the history of ETH and crypto in total.
2 - Bitcoin's dominance is going down, which greatly favors Ethereum . This downtrend should continue until the end of the year.
3 - It looks like the demand for ETH is now very high and may substantially increase over time...
Price broke above the 2h supply zone making it a 2h breaker zone. MACD is not clear, RSI is bought and EMAs are turning bullish. Price should now keep moving up to fill the fair value gap around $1,760.
Salaam
I revised my last chart.
The Head and shoulders pattern will invalidate if this daily candle closes above the neckline.
There is a large broken bear flag.
Also a falling wedge.
My probable scenario is shown in the chart that targets 930-1030 area.
Retest the wedge's line and pullback to the bear flag resistance and then, go for the final target.
IMO...
We've all heard talk of this, but now it looks like we are finally here! I think this is the beginning of ETH decoupling from BTC and beginning to take the dominance lead! Maybe that billionaire ass-hat Pena will be right after all and maybe BTC will crap to "ZERO!!!"
Time will tell, & I'm certainly not making any predictions from this, but this definitely looks...
Here we can see a 4H rising wedge forming for ETH. I have outlined the fib levels and the 200 MA (Red MA). As you can see the last time we got rejected at the 4H 200 MA we had a significant drop. If this is to repeat then our first target would be the support of our rising wedge (Target #1) and if we break that support we could fall to our measured move which is...
The total evaluation for the Ethereum asset is bearish. Please be mindful of your risk management as always, this is number 1 -- even if you are the most amazing and colorful technical analyst with all those patterns and whatever, all of it are crap in the face of no risk management, in short you might as well be no different to wallstreet redditors. The asset...
ETH is now trading near 1650$ .
It is moving inside a rising channel on 4H time frame.
Now there are two scenarios:
1- ETH breaks down the channel then that is short term Bearish signal for ETH and it can test 1476$ - 1400$ level.
2- ETH holds the lower support zone of the channel then it can again go for upper resistance line of the channel and...
