Ethereum trading ideas for today: continue with range oscillation and the larger timeframe consolidation. As long as 3280 is not broken, consider short positions. Prepare for breakout trades.
🩸🩸 Future observation A: 15-minute chart, check if the 5 and 10 moving averages cross above the 256 moving average. If yes, it indicates a bullish signal on the 15-minute timeframe. B: Watch if the 1-hour chart forms a bullish alignment and if the 5 and 10 moving averages break above the 60 line for a bullish trend. C: Observe if the 4-hour chart forms a secondary bullish pattern and if it successfully stays above the 256 moving average. If yes, it indicates the 4-hour bullish move is completing, and control will shift to the 6-hour chart. (If the above reasoning is met, then long positions can be extended at 3550, 3680, 3700.) ☀️ Breakout 1: 3280, target the 1-hour upper band and 2-hour midline. Possible targets are 3350, 3390, 3410. ☀️ Breakout 2: 12-hour upper band and daily upper band at 3330/3350. Breakout targets are 3450/3470. 6-hour 256 MA at 3580, 3680/3700. Resistance levels above: 3280, 3330/3350, 3410, 3450, 3470, 3520/3550, 3600/3680. 🩸🩸 Observation 2: A: Check if the 15-minute and 30-minute charts retest the midline and 30-line, and whether they break below or hold. When the 5 and 10 MA cross below the 30 line, it indicates a secondary downtrend. B: On the 1-hour chart, see if the secondary bullish pattern fails and turns downward, crossing below the 120 MA to form a bearish trend. C: On the 4-hour chart, if a secondary bullish pattern fails and the price drops below the 256 MA and breaks below the 30 line, or even below the 120 MA, it indicates a 4-hour secondary decline, breaking previous lows. (If this occurs, all larger timeframes will collectively trend downward, indicating a major bear market.) 🩸 Breakdown trade 1: 3200, targeting the 6-hour midline with stop-loss. Possible targets are 3150/3130, 3110. 🩸 Breakdown trade 2: 3150/3130, with the 1-hour lower band as stop-loss, betting on a downward breakout. 🩸 Breakdown trade 3: Daily midline and 4-hour lower band at 3060/3070. If broken, targets are 3030, 3000, 2950. Support levels below: 3200, 3150/3130, 3100, 3070, 3050/3030, 3000, 2950, 2900, 2880/2850, 2800, 2770, 2680, 2660/2620, 2580, 2550, 2450/2400, 2380, 2320, 2280, 2200.
Breakdowns and breakouts must include a stop-loss of 10-15 points. Position sizing can start with 1%, and if multiple breakouts occur, consider increasing to 2%. Support and resistance levels will switch roles upon breakout or breakdown.
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Ethereum trading ideas for today: continue with range oscillation and the larger timeframe consolidation. As long as 3280 is not broken, consider short positions. Prepare for breakout trades.
🩸🩸 Future observation A: 15-minute chart, check if the 5 and 10 moving averages cross above the 256 moving average. If yes, it indicates a bullish signal on the 15-minute timeframe.
B: Watch if the 1-hour chart forms a bullish alignment and if the 5 and 10 moving averages break above the 60 line for a bullish trend.
C: Observe if the 4-hour chart forms a secondary bullish pattern and if it successfully stays above the 256 moving average. If yes, it indicates the 4-hour bullish move is completing, and control will shift to the 6-hour chart.
(If the above reasoning is met, then long positions can be extended at 3550, 3680, 3700.)
☀️ Breakout 1: 3280, target the 1-hour upper band and 2-hour midline. Possible targets are 3350, 3390, 3410.
☀️ Breakout 2: 12-hour upper band and daily upper band at 3330/3350. Breakout targets are 3450/3470. 6-hour 256 MA at 3580, 3680/3700.
Resistance levels above: 3280, 3330/3350, 3410, 3450, 3470, 3520/3550, 3600/3680.
🩸🩸 Observation 2: A: Check if the 15-minute and 30-minute charts retest the midline and 30-line, and whether they break below or hold. When the 5 and 10 MA cross below the 30 line, it indicates a secondary downtrend.
B: On the 1-hour chart, see if the secondary bullish pattern fails and turns downward, crossing below the 120 MA to form a bearish trend.
C: On the 4-hour chart, if a secondary bullish pattern fails and the price drops below the 256 MA and breaks below the 30 line, or even below the 120 MA, it indicates a 4-hour secondary decline, breaking previous lows.
(If this occurs, all larger timeframes will collectively trend downward, indicating a major bear market.)
🩸 Breakdown trade 1: 3200, targeting the 6-hour midline with stop-loss. Possible targets are 3150/3130, 3110.
🩸 Breakdown trade 2: 3150/3130, with the 1-hour lower band as stop-loss, betting on a downward breakout.
🩸 Breakdown trade 3: Daily midline and 4-hour lower band at 3060/3070. If broken, targets are 3030, 3000, 2950.
Support levels below: 3200, 3150/3130, 3100, 3070, 3050/3030, 3000, 2950, 2900, 2880/2850, 2800, 2770, 2680, 2660/2620, 2580, 2550, 2450/2400, 2380, 2320, 2280, 2200.
Breakdowns and breakouts must include a stop-loss of 10-15 points.
Position sizing can start with 1%, and if multiple breakouts occur, consider increasing to 2%.
Support and resistance levels will switch roles upon breakout or breakdown.