ETH/USD - Levels To Watch

BITSTAMP:ETHUSD   Ethereum / Dollar
Whats up traders, I hope you're all had a good trading week.

Here we have ETH/USD on the 2H chart.

ETH/USD has been trading in a consolidation type structure since price had a large downside correction previously. Price has been trading in a structure with a horizontal resistance zone , and a sideway support level , and both of these levels have been dictating price action since the 22nd December.

Price is continuously testing the horizontal resistance zone , and testing the lower side-wards support zone . When price is testing the support, it is having clear higher lows, which I expect to eventually be the reason Ethereum             breaks out of the current structure level (When price bounces on a higher low of structure, when price is also near the resistance zone .)

I am expecting Ethereum             to pick up some momentum soon. Before this, price might test the sideway support (yet forming a new higher low) at around 690, before a bounce. When the bounce comes into play, price needs to combat 2 above resistance zones. These are:

-Resistance zone 1 / Target 1: Between 750 and 780.
-Resistance zone 2 / Target 2: Between 840 and 870.

Bare in mind, that price could move a lot further than these 2 targets outlined above. The targets above are OBSTACLES for price action, and not necessarily where will price will ultimately stop in this short term uptrend

If price breaks the top resistance zone , there is actually a possibility for an up move all the way to 1110.00. But this would probably take quite some time to materialize, but still, possible.

I will updating this analysis if it receives more than 40 likes.
Kommentar: Fresh analysis posted on my TradingView profile focussing on IOT/USD

Check it out now!
Kommentar: Posted a brand new analysis on BTC/USD on my TradingView profile.

Check it out.
Kommentar: I have posted a brand new analysis on XRP/USD (Ripple) on my TradingView profile.

Definitely one to keep an eye on. :)
Kommentar: Brand new DGB/BTC analysis posted on my TradingView profile.

Here I provide my latest thoughts, and offer potential targets to look for a profitable opportunity soon.

Check it out !
Kommentar: Brand new analysis has been posted on this pair... See my TradingView profile page for the new trade plan!

Trading Course & Signals Subscription Queries:

- Email:
- Telegram: @tomprotrader

Public Telegram channel:

Hey Tom, hope you're doing well. Would be interested to hear your thoughts on this pair, ETH/USD
TOM, please do not write updates about other coins under this one. If we are subscribed to your analysis we are receiving all of them. Otherwise, ETH/BTC one becomes irrelevant.
Hi Tom,
Any concerns about ETH? time to sell?
Bravo! Perfect analysis.
What is your stance here, as we edge closer to the 1000$ mark, any advice ?
Nice call. Care to update your target expectations?
Nailed it.
+2 Antworten
TomProTrader PRO rlksolutions
Can you please write just the updates regarding the mentioned coin in the topic not the others?

+1 Antworten
TomProTrader PRO emregungor85
@emregungor85, Other people always want to see my updates. So, not really.

It helps traders (Which by the way always want notification when I post my analysis) to easily find my material.

I don't think it's much of a burden.

+3 Antworten
English (UK)
English (IN)
Bahasa Indonesia
Bahasa Melayu
Tiếng Việt
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden