Ethereum ETH Short only under Supportline - Rising wedge broken
Hello dear traders, here is a new update for Ethereum,
This is the 30 minute chart and you see that we have fallen out of a rising wedge.
The target points to a re-test of the previous bottom but as we have seen before the market is massively manipulated and that does not make it any easier.
On a breakout downwards trough the support of 2550, Ethereum is likely going to fall further and or re-test the last bottom.
The 42500 level in Bitcoin is extemely important. Waiting for this level to be cleared is a good thing and an extra level of safety. When ETH breaks to the upside and also with good volume, the down scenario in ALTS is not valid anymore for the very short term in my opinion. The mid to longer term perspective is not looking healthy is the least we can say!
So in short, if we don't breakdown the 2500 then it is also possible that ETH will go sideways in a tradingrange between 2500 and 3000 USD.
This is what I see in the chart of Ethereum, it is a possible scenario but always remember to also look at Bitcoin for the main direction and also to do your own analysis!
----->> Traders please follow me for updates and if you give me support with a like👍 then that will motivates me a lot to continue💚 - Thanks guy's! <<---
Safe and happy trading!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research!
This is the 30 minute chart and you see that we have fallen out of a rising wedge.
The target points to a re-test of the previous bottom but as we have seen before the market is massively manipulated and that does not make it any easier.
On a breakout downwards trough the support of 2550, Ethereum is likely going to fall further and or re-test the last bottom.
The 42500 level in Bitcoin is extemely important. Waiting for this level to be cleared is a good thing and an extra level of safety. When ETH breaks to the upside and also with good volume, the down scenario in ALTS is not valid anymore for the very short term in my opinion. The mid to longer term perspective is not looking healthy is the least we can say!
So in short, if we don't breakdown the 2500 then it is also possible that ETH will go sideways in a tradingrange between 2500 and 3000 USD.
This is what I see in the chart of Ethereum, it is a possible scenario but always remember to also look at Bitcoin for the main direction and also to do your own analysis!
----->> Traders please follow me for updates and if you give me support with a like👍 then that will motivates me a lot to continue💚 - Thanks guy's! <<---
Safe and happy trading!
Disclaimer Traders this is my view no advice to buy or sell. Also always do your own research!
Comentário:
Dear traders,
This Is what I personally think will happen for Ethereum based on the target of the Bearish rising wedge.
That target could be hit before 23th of May.
This Is what I personally think will happen for Ethereum based on the target of the Bearish rising wedge.
That target could be hit before 23th of May.
Comentário:
Hello traders,
In my personal opinion we are going to see a rebounce so I close this trade manually because possible the lowest target will possible not be reached before we see first an upleg / countermove. The market is heavely oversold. That needs to have a correction. Better close this short with already profits than to see it fade away and turn in a loss ;-)
You need to follow Bitcoin because it is leading the market but I am sure you know that!
Wish you all good profits!
In my personal opinion we are going to see a rebounce so I close this trade manually because possible the lowest target will possible not be reached before we see first an upleg / countermove. The market is heavely oversold. That needs to have a correction. Better close this short with already profits than to see it fade away and turn in a loss ;-)
You need to follow Bitcoin because it is leading the market but I am sure you know that!
Wish you all good profits!
Comentário:
Dear traders, I suspect that we will continue to decline to the target in this chart.
Trade fechado: objetivo atingido
Comentário:
Hello Traders, This could be a bottom for now. We are on an important last resort level.
Comentário:
Dear traders, I personally went LONG here on Ethereum.
Comentário:
Here you see the final result on the trade where at this point I turned the psoition to Long.
Comentário:
Just saw that I wrote on the 21st of May this in the updates above:
Comment: Dear traders,
This Is what I personally think will happen for Ethereum based on the target of the Bearish rising wedge.
That target could be hit before 23th of May.
Sothat target was hit like a cruis missile on time and place because the target was hit exact on the 23rd of May.
Of course predictions not always will happen like this but it is nice to mention it :-) Wish you all good trading and profits with money management and stops!
Comment: Dear traders,
This Is what I personally think will happen for Ethereum based on the target of the Bearish rising wedge.
That target could be hit before 23th of May.
Sothat target was hit like a cruis missile on time and place because the target was hit exact on the 23rd of May.
Of course predictions not always will happen like this but it is nice to mention it :-) Wish you all good trading and profits with money management and stops!
Comentário:
Traders I think Ethereum will sink max. to 1600 USD which will be an incredible buy moment in my personal opinion.
The RSI is making a positive divergence and you see also it does not want to decline like many others which means it is a strong coin.
This market is pretty sick! Panic and panic is a good indicator for buy. But of course risky!
The RSI is making a positive divergence and you see also it does not want to decline like many others which means it is a strong coin.
This market is pretty sick! Panic and panic is a good indicator for buy. But of course risky!
Comentário:
Hello traders,
I have loaded the boat with Ethereum. Not that it cannot go lower. Sure everything is possible but I am thinking of a rebound at this level. Even at 1680 a rebound can be strong. I do expect however Bticoin at 20000 but as said before not in one leg.
Trade safe with stops guy's! Wish you all good luck!
I have loaded the boat with Ethereum. Not that it cannot go lower. Sure everything is possible but I am thinking of a rebound at this level. Even at 1680 a rebound can be strong. I do expect however Bticoin at 20000 but as said before not in one leg.
Trade safe with stops guy's! Wish you all good luck!
Trade fechado: objetivo atingido:
Traders here we can see a possible problem for now. The declining trendline in Ethereum. This trendline need to be broken before we can continue the rise.
So I close my position for now and wait untill we get a new structure. Also the rise of almost 50% from the bottom is impressive but pretty normal after such decline
So I close my position for now and wait untill we get a new structure. Also the rise of almost 50% from the bottom is impressive but pretty normal after such decline
We see here anyway a massive volume and that validates this completely!