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Ethusdshort

ETH/USD Long or Short? $168 OR $235? Don't miss these details!!Hey guys, welcome to this update. Firstly I want to thank you all for your support so far. I post only updates with high possibility. Let's get to the chart and try to keep it informative for both bulls and bears yet simple to understand. As people tend to like simple updates with clarity. ETH has been trading under a RISING WEDGE PATTERN (which is bearish in nature and certainly ends up breaking to the downside) since the last 58 days or so. It broke down 4 days back on MAY 10. IT JUST RETESTED THE lower trendline of the channel. BULLISH SCENARIO: (S2 - SCENARIO 2) In my opinion ETH seems more bullish at the moment because of the following reasons: ETH is holding the 50D MA at $197 ETH is holding the 200D MA at $191 Most importantly it is also trading above the 85D EMA which is my best strategy since I found it 2 months back. (Hope you've read my 85D EMA strategy that I posted on April 15 for ETH and April 25 for BTC, if not I'll leave the link below) MACD : Seems bullish crossover could happen anytime soon. RSI : Bullish, Trying to break above the 50 level, not too oversold or overbought. Trying to reach the optimum level of oversold zone which can certainly take ETH to some positive rally. Many traders didn't notice this purple trendline support, If you consider this as a valid support line we can say that we're still trading under this extended channel. Every detail is important, you'RE TRYING TO OUTSMART the 98% traders here. If this trendline works we may be bullish and see the upper targets soon. Conclusion: If BTC breaks above $215 which is around 7%+ from the current market price, a rally to the upside is highly likely with targets: 1. $235 2. $252 SO WHAT CAN WE DO? IF YOU'RE A BEAR AND SHORTED, You can put an SL at $216 or you can add short positions at that price. If it breaks to the down side you can have a low risk with High Reward Trade (This is exactly what matters, You need to get into the trades with low risk but high reward ratio) IF you prefer long you can wait for it to dump to the downside support levels, given n the chart or LONG with a daily close above $216. BEARISH SCENARIO: (S1 SCENARIO 1) The only thing that is bearish in the chart is the breakdown below the trendline. The target for such breakdown could be the important support levels as shown in the chart. CONCLUSION: Although the chart looks bullish I am bearish until the break and close above $215.I'll categorise this update in LONGS as I will try to get into ETH LONG AS LOW AS POSSIBLE. If ETH goes to the lower levels, $123 $148 $168 I'll add spot longs on ETH for the mid term. Hope this idea have been helpful for both the bulls and the bears. iF YES THEN PLEASE FOLLOW ME and HIT the like button. It will support me and motivate me to make more of such contents for you guys. THANKS AGAIN Stay safe Wishing you and your families good health. #PEACE
COINBASE:ETHUSDShort
by Cryptorphic
132
ETHUSDt Analysis (i tend more for short)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. I expect the price will continue to fall. we are in a downtrend on pullback i would open a short if we fix above 205 the scenario wouldnt be relevant zone for opening short-position: 196-202 main target zone 160-150, i would recommend fix ur profit in parts(first target ~170$). After first target will reached move ur stop to breakeven if we don't get to our the short zone, also you can open a short-position on break through local support(bottom red line) Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
Short
by trytofeelpositive
ETHUSD: What should we do now?If we take a look at ETHUSD price level, we can see that 203.20 has a strong support level there. Many movements have been rejected or fakeout at that support level but we recently see a strong breakout in that price level. This bearish movement was a large volume, breaking that strong support level as well as the trend support level (Green Line). I will say that this movement shows a strong break out of 2 support level making this fakeout least possible. So where should we sell??? We should see price level retesting back that strong support level which now becomes a strong resistance level for ETHUSD. If not, minimally we should see a retest to a weak resistance level @ 198 price level. To determine it, wait for a nice rejection in price level before heading to the downside. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
COINBASE:ETHUSDShort
by YGForex
2
#ETHUSD ANALYSIS.. BEARS ARE READY.. I think investors should pay attention to death cross that took place in Ethereum a while ago, in this context, the possibility that the trend might reverse for Ethereum should not be ignored.. Death cross can have an effect like a short upward movement firstly and a deep correction phase for a long time.. In the technical indicators, the T3 curve may return to negative in the near future, and the coppock curve has turned its direction downward.. There is no clear sell signal yet, but in my opinion there are some leading indicators that the bears will take control the market.. I expect a price movement in #ETHUSD as I mentioned in the chart.. Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
BITSTAMP:ETHUSDShort
by OguzhanSengor
1
#ETHUSD ANALYSIS.. BEARS ARE READY.. I think investors should pay attention to death cross that took place in Ethereum a while ago, in this context, the possibility that the trend might reverse for Ethereum should not be ignored.. Death cross can have an effect like a short upward movement firstly and a deep correction phase for a long time.. In the technical indicators, the T3 curve may return to negative in the near future, and the coppock curve has turned its direction downward.. There is no clear sell signal yet, but in my opinion there are some leading indicators that the bears will take control the market.. I expect a price movement in #ETHUSD as I mentioned in the chart.. Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
BITSTAMP:ETHUSDShort
by OguzhanSengor
14
ETHUSD / Breakdown? Bouncing...hmmmmETH bounced on ~$200 support zone but not very hard. Right now on 3H chart its sitting inside ichi cloud, below 13SMA, and figuring out if its going to break below or stay above local trendline (green dashed line). Very finnicky area for it to be in right now with no clear signal which direction its going. Would pay close attention to these. $200 support local bullish trendline (green dashed line) monthly/weekly bullish trendline (white dashed line below it - from bottom of march drop which has not yet been broken) ichi cloud on 2h, 3h, and 4h combination of these will signal where it is going. RSI and stoch seem to be fine with either direction. BEAR: see if you can get a short above 212. target 18x - 17x BULL: see if you can get a long after another $200 bounce (202, 203?) target 220 - 225 - 240 slightly leaning bear because of btc (btc much more clearly bear) however we have seen previously that ETH bullishness actually pulls BTC up with it via ETHBTC which is now #3 in market cap volume trading, and USDT is pumping ETH.... only trade ETH if you are watching BTC as well.
KRAKEN:ETHUSD
by ezpi
1
ETHUSDt Analysis (short)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. If my markup is correct wave of (5) was finished.It's mean that time for open short-pos. (Guys my chart is pretty clean i hide a lot of indicators,dont talk about it please) Right now i waiting for correction. My targets will be in 182$ and 167$ area, further will see. (after reaching the first target, move the stop-loss to breakeven.) This is an analysis, not a signal, I dont give a point for ur stop loss.(he should depends of ur risk) unfortunately I have some discrepancy with my expectations on bitcoin, but correction should be. If something goes wrong or the targets change, I’ll update the idea. Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Also open to your suggestions.
Short
by trytofeelpositive
4
#ETHUSD ANALYSIS.. NEGATIVE SIGNALS.. I think there are some details in ETHUSD that should be paid attention to for a short term.. First, we see a rising wedge pattern in hourly chart, sales may harden if the formation works.. Also, there is a negative divergence in RSI, this is bearish.. There are some important signals that sales may come in the near future, we will wait and see.. Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
BITFINEX:ETHUSDShort
by OguzhanSengor
5
Ethereum hitting Resistance with Bearish Signal | ETHUSDEthereum is trading inside an ascending channel for more than a month but there is a main downtrend and this will act as resistance now and there is a main Horizontal Resistance area of 192-200$ and price is near a Pivot Resistance. So, we can say Ethereum is trading in a very strong Resistance area so a minor correction must occur in this level. RSI bearish Divergence on the Daily and H4 candle signals that the continuation of the uptrend is weakening and we can initiate a short position here. The downfall target is 175$
COINBASE:ETHUSDShort
by tapasdhanadana
6
ETH/USD - bear wedge ETH/USD - bear wedge If you're not short, you're definitely not buying. Under a strong level of $200, this round number gives the Force at least twice) Around this level it is better to look for a point in shorts. A bear clay with a diversion on RSI. On a 1-hour timeframe only confirmation of position shorts. EMA 50 deployed. First target is an EMA 200 at $188. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions) Thanks for your support!
BITSTAMP:ETHUSDShort
by S_Kos
3
#ETHUSD ANALYSIS.. DUMP INCOMING.. Bears will dominate the whole market for a while, but I firmly believe that these are the last zig-zags before a new market cycle.. We see wedge pattern on #ETHUSD weekly chart and I think, as I mentioned in the graphic, we will find the bottom we have been looking for for a long time.. I think the reference value of rsi 50 is very important, in this context, we can see a fractal as the leading indicator that sales will get harder soon, we will wait and see.. Also, the value of 0.95 for vortex has worked quite meaningfully from the past to the present, as it can be seen in the weekly chart of Ethereum , the value in question produces important clues for us and should be watched carefully in the future.. All these arguments point to a negative process in the medium term, my personal opinion is that Ethereum will drop up to $ 47 and gives a serious buying opportinuty before a new market cycle.. Sometimes you need to break your knees a bit more to jump higher.. Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
BITFINEX:ETHUSDShort
by OguzhanSengor