ETHUSDT Technical Analysis UpdateETHUSDT has broken below the Support and on the 4H and 8H has been rejected multiple times from a major Resistance, Now it's at the minor Support area which means it might get a pullback for the 5th time to the Resistance for a retest before it moves down to 2240.23. We need to see the price action on the lower TF carefully to see if there is any good entry for a call or short position.
Happy Trading :)
Ethusdtlong
ETH/USDT Broke Out of the Smaller TriangleThe decisive breakout of this yellow mini triangle and medium green triangle should take us outside the boundaries of the larger 2 week orange triangle to the upside. First target from the yellow mini triangle is already hit, but the medium and larger ones will take us way up. Here's what I think will happen:
Yellow Mini Triangle Target: $2,806 - HIT
Which broke us out of the Green Medium Triangle
Green Medium Triangle Target: $3,067 - PENDING
Which would break us out of the Orange Macro Triangle
Orange Macro Triangle Target: $4,088 - PENDING
Let's see how this all plays out. Happy trading!
Alternate ETH/USDT Triangle IdeaHi Guys,
I just wiped my chart clean and re-plotted ETH/USDT and noticed that there's another way that the triangle could potentially be drawn where we did not break out of it yet. Since I always strive to provide accurate technical analysis with no bias, I wanted to show you the second possible scenario that I have found even if it's not quite as bullish as the first. The target for this triangle would be around $4,100 if it were to break out to the upside.
Happy Trading!
Pat
Inverse head and shoulders doe both $BTC and $ETH 1h and 4h
my charts a little sloppy but however i have support and resistance marked on both.
anyways to confirm this pattern to the upside for a long position we will need to see a
break above the neckline. price target for BTC will be roughly 48k if you want to be more
conservative then 42k range we will face resistance again so likly a good spot to take some profits
just a idea NOT A FINANCIAL ADVISOR! Your responcible for your own gains and your own losses
ETHEREUM - 3700-3850 ULTIMATE TAREGT Ethereum
ETHUSDT looks more bullish vs BTCUSDT purely because of ETHBTC strength. We expect 3200-3500 initially and 3700-3850 subsequently once Channel Resistance breaks. Expect pullback from that zone before fresh breakout
1900-2200 Dips Buy Zone
Confirmed breakout entry above 2755