Today, I want to walk you through a quick 15-minute timeframe analysis of Ethereum(
ETHUSDT), so stick around.
Right now, Ethereum is hovering near a Support zone($3,520-$3,348) and a Cumulative Long Liquidation Leverage($3,507-$3,460).
From an Elliott Wave standpoint, it seems like Ethereum is wrapping up a microwave Y of the main wave 4.
Also, looking at the ETHBTC(
ETHBTC) chart, Ethereum is in a favorable position there as well, which suggests that if Bitcoin’s(BTCUSDT) price increases, Ethereum might see an even stronger upward move.
My expectation is that in the coming hours, Ethereum can resume its bullish trend, push up toward the Resistance lines, and then aim for the next Resistance zone($3,726-$3,649).
First Target: $3,631
Second Target: $3,665
Third Target: $3,707
Stop Loss(SL): $3,449
CME Gap: $3,513-$3,483
Cumulative Short Liquidation Leverage: $3,715-$3,671
Please respect each other's ideas and express them politely if you agree or disagree.
Ethereum Analyze (ETHUSDT), 15-time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETHUSDT), so stick around.Right now, Ethereum is hovering near a Support zone($3,520-$3,348) and a Cumulative Long Liquidation Leverage($3,507-$3,460).
From an Elliott Wave standpoint, it seems like Ethereum is wrapping up a microwave Y of the main wave 4.
Also, looking at the ETHBTC(
ETHBTC) chart, Ethereum is in a favorable position there as well, which suggests that if Bitcoin’s(BTCUSDT) price increases, Ethereum might see an even stronger upward move.My expectation is that in the coming hours, Ethereum can resume its bullish trend, push up toward the Resistance lines, and then aim for the next Resistance zone($3,726-$3,649).
First Target: $3,631
Second Target: $3,665
Third Target: $3,707
Stop Loss(SL): $3,449
CME Gap: $3,513-$3,483
Cumulative Short Liquidation Leverage: $3,715-$3,671
Please respect each other's ideas and express them politely if you agree or disagree.
Ethereum Analyze (ETHUSDT), 15-time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade fermée: ordre d’arrêt atteint
Stop Loss was touchedAlthough Bitcoin went somewhat according to my scenario, it started to fall with the news "China accuses the U.S. of stealing $13 BILLION bitcoin tied to the 2020 LuBian mining-pool hack, per a new report".
As Bitcoin fell, Ethereum also fell.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.