ETH/USD - Buy Opportunity

What's up traders,

Here we are analyzing ETH/USD on the 4H chart.

I recently analyzed this pair in an earlier analysis. Now the pair is looking bullish at a nice level, I would like to reanalyze this chart.

At current, price is trading at 858, price broke out today after using the 20 moving average as a slingshot, suggesting that the bullish presence we are now seeing is legitimate. Even further that this happened on a higher low on a side-wards support line.

When analyzing the chart again, I discovered a nice side-wards support line which today is at the value of 830. I suspect that ETH/USD will likely retest this side-wards support level before an up move. If price breaks below this level, there could be a retest of the lower horizontal support at 790 first before the up move begins.

Price will now likely test the side-wards support at 830 or at worst 790, but this isn't a deal breaker either way. Coupled with the fact that a retest would again coincide with the moving averages, this could provide a compelling support where once again the big money would be looking to speculate and accumulate.

Bare in mind, if it comes lower than 790, I doubt there would be much bull presence for a little while after.

As I've said before: Also bare in mind that Ethereum is one of the most efficient safe haven currencies. So if you have a low amount of cash, Ethereum 2.28% 1.54% is your best bet for safety and simultaneous profitability.

I will update this analysis when I receive above 40 likes.
Join our VIP Signals group:

- Telegram: @Tomprotrader
- Email:

Public Telegram Channel:
Thanks for the info. It looks like price has now risen above the upper side of the trendline. Looks good. Thanks!
So you dont see a risk of a rising wedge forming? Thanks.
Great timely info keep it coming!
+1 回复
@bandp0601, Thanks ! :)
Perhaps a safe haven. Litecoin seems safer and more bullish though. Eth has had too many hacks.
TomProTrader LondonLewis
@LondonLewis, Ethereum is perfectly secure.
+1 回复
Thanks sir for your suggestions. I also think that ethereum is most trusted coin. it's not up very faster but it's good point is it alway down very slow and you have time to recover your money to tred coin to coin.
+1 回复
thanks for your advice. I already buy ethereum few days earlier and i m happy its going up. And i kept it few more days for better result.
Looks like Eth is trying to finally get rid of his lagger status since the big correction!
Good to see it getting a bullish start.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出