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ethusdlong Ideas

Ethereum Price Analysis: Is it Time to Buy ETH/USD?

Going Long on ETHUSD The Elliott Wave pattern indicates the completion of wave (4) and the onset of wave (5) impulse. The target for wave (5) is the 1.618 Fibonacci extension level at 3602.46. Analysis The chart displays a clear corrective wave pattern followed by an impulsive wave, signaling upward momentum. Entering at the current price level of 3377.45, a move up to the indicated Fibonacci level is expected. The stop-loss is set just below the recent low of wave (4) to manage risk effectively. This setup offers a favorable risk-reward ratio for a long position.

By NovaX
Updated 1 week ago
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Ethereum Price Analysis: Compelling Reasons to Consider Buying ETHUSD

I'm going long on ETHUSD based on the 15-minute chart. The Elliott Wave analysis shows a clear five-wave pattern, suggesting a potential bullish move. I entered the trade at 3542.56, targeting the following levels: - 0.618 extension at 3585.49 - 1 extension at 3627.88 - 1.618 extension at 3696.47 These targets align with typical Fibonacci extension levels following an impulsive wave sequence. My stop-loss is set below the recent low to manage risk effectively. This long position is based on the anticipated continuation of the bullish trend after the completion of the corrective wave (4), aiming for the projected wave (5) targets.

By NovaX
Updated 2 weeks ago
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Maximizing Your Crypto Portfolio: Analyzing the Latest ETH/USD Trends

```html Support and Resistance Levels: - Resistance: Around 3,491 - 3,446. - Support: Around 3,385 - 3,202. Chart Patterns: - The price is currently in a descending channel, indicating a bearish trend. - Look for potential breakouts above or below the channel to signal a possible change in trend. Trading Strategies: Short Position: - If the price continues to respect the descending channel and breaks below the current support level around 3,385, consider entering a short position. - Set a stop loss above the recent resistance level around 3,446 to manage risk. - Potential take profit levels could be at the next major support around 3,202. Long Position: - If the price breaks...

By NovaX
Updated 3 weeks ago
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Ethereum Price Forecast: Expert Analysis and Insights for ETH/USD (29th April 2024)

ETHUSD Analysis The 4-hour timeframe for ETHUSD shows a bullish Change of Character following a significant retracement. This has led to the formation of a new bullish FVG on the 4-hour chart. Ideally, the price would retrace to the 3282 level to test the minor resistance it broke out of on the 4-hour chart. Confirmation signals on the 15-minute or 5-minute timeframe would validate a potential upward move, aligning with the formation of the bullish FVG. In the event that price action turns bearish and closes below 3074, I would consider looking for selling opportunities using the break and retest strategy. A confirmation...

By NovaX
Updated 2 months ago
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“ETHUSD Price Analysis: Latest Updates on Ethereum’s Value Against the US Dollar”

On the daily chart displayed below, the ETHUSD pair has been moving within a narrow range for the past month. Despite its attempts to surge, the cryptocurrency's upward momentum is hindered by growing hawkish sentiments towards the Fed. Ethereum's performance is heavily influenced by liquidity and relaxed monetary conditions. Following the Silicon Valley Bank's collapse, the rally exhibited a divergence with the MACD indicator, indicating potential weakening momentum which could lead to pullbacks or reversals. After retracing to the 50% Fibonacci level, there is a possibility of ETHUSD declining further towards the significant support zone at 1681. A breach below...

By NovaX
Updated 3 months ago
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“Unlocking Profit Potential: Long Trade Activated for ETHUSD 🚀📈”

This is my idea for ETHUSD. I expect a bullish breakout as the price liquidates the old lows. My expectation is to see the price to close the FVG and also to set a new PWH as we are in a bullish trend. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. www.tradingview.com/u/GoodTradeST/

By NovaX
Updated 3 months ago
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Ethereum Price Analysis: Is it Time to Buy ETH/USD?

In the vibrant and ever-evolving landscape of cryptocurrency, my latest foray into ETHUSD through a meticulous blend of technical analysis and market sentiment analysis has unveiled a standout BUY opportunity. This bullish outlook is anchored in a detailed examination of Ethereum's price action, which reveals a pattern of consolidation poised for a breakout to the upside. The technical groundwork for this analysis is supported by key indicators and patterns, including a notable bullish divergence on the RSI and a tightening of price within a bullish flag pattern. These signs are emblematic of underlying strength and potential for significant upward momentum. Further bolstering this BUY...

By NovaX
Updated 3 months ago
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