Ethereum Struggle With Key ResistanceEthereum is struggling to settle above $148.00, however, with little success so far.
The initial support awaits us at $147.70. It is reinforced by 1-hour 50 SMA and the lower line of 1-hour Bollinger Bands. A clear break here could extend the bearish pressure to the lower line of 4-hour Bollinger Bands at $144.90. Once it is out of the way, the sell-off may continue towards $142 (27th November low) and psychological $140.00.
Once ETH/USD manages to pass an immediate barrier at $148.00 (23,6% Fibo correction on the last fall since 6th Nov.), the upside may be extended towards psychological $150.00 reinforced by a combination of 50 SMA and the upper line of the Bollinger Bands on the 4-hour chart. We will need to see a sustainable move above this area to improve the short-term technical picture.
The Relative Strength Index (RSI) indicator is trending around 37 on the daily chart, next to the oversold zone.
Ethusdcrypto
ETHUSD approaching support, potential for a bounce!
ETHUSD is expected to drop to 1st support at 138.80 where it could potentially react off and up to 1st resistance at 158.50.
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ETHUSD formed bullish Shark | A good long opportunityPriceline of Ethereum / US Dollar cryptocurrency has formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 144.93 to 143.26
Sell between: 146.84 to 150.60
Regards,
Atif Akbar (moon333)
#ETHUSD#Ethereum, The bears will continue to celebrateThere was no breaking the resistance at $ 158 like we thought it might be
The last 2 candles were closed in the shape of a star that they would usually appear at the end of the trend and indeed the candle that followed was red
The Ichimoku cloud continues to be a bear cloud and the candles are still below the cloud and the blue line is still above the red line, all of which indicate continued declines.
The price below the 200 moving average line.
Target: $ 131
#Ethereum#ETHUSD, Delicate signalThe Ethereum faces a resistance line that used to be a support line.
Judging by Stochastic Indicator and RSI Indicator we are ahead of wave ups.
In the case of breaking the resistance line at $ 160, Ethereum will be able to return to the range between $ 160 and $ 193.
We recommend a very careful purchase with an initial target of $ 161
ETHUSD formed bullish Crab | Upto 46% expectedPriceline of Ethereum / US Dollar cryptocurrency has formed a bullish Crab pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 140.83 to 124.86
Sell between: 153.21 to 183.53
Regards,
Atif Akbar (moon333)
ETHUSD formed bullish Butterfly | A good long opportunityPriceline of Ethereum / US Dollar cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 177.33 to 173.24
Sell between: 180.50 to 188.12
Regards,
Atif Akbar (moon333)
ETHUSD bounced from support, potential for a further rise!
ETHUSD bounced off 177.23 where it could potentially rise further to 184.80.
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Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
ETHUSD reversed from resistance, potential drop!
ETHUSD reversed off its resistance at 186.42 where it could potentially drop further to 177.23.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
ETHUSD bounced from support, potential for a further rise!
ETHUSD bounced off 182.78 where it could potentially rise further to 193.65.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
ETHUSD formed bullish Cypher | A good long opportunityPriceline of Ethereum / US Dollar cryptocurrency is has formed a bullish Cypher pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 185.13 to 182.57
Sell between: 187.15 to 191.95
Regards,
Atif Akbar (moon333)
ETHUSD formed bullish Butterfly | A long opportunityPriceline of Ethereum / US Dollar cryptocurrency has formed a bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 181.73 to 180.32
Sell between: 182.82 to 185.47
Regards,
Atif Akbar (moon333)
#ETHUSD#Ethereum, Forecast for the coming weekIt is important to trade with the trend and not against, the trend in H4 is a positive trend.
The Ethereum peaked at $ 195 (you can see that there is a resistance line at the above price) and since returning to decline, these declines as long as they run between $ 175 and $ 195 are not declines that should worry us.
We continue to be bullish with a $ 220 target price.