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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

Run, Ethereum, Run! ETH Short-Term Price Analysis: +$200 and a Massive Pump Are Possible Soon

  • Vera Thornpike
    📈 Price Predictions

    📈🔥💥Ethereum short-term price forecast: a huge rally and +$200 gains are expected! Users from TradingView share their charts and ideas to prove that

Run, Ethereum, Run! ETH Short-Term Price Analysis: +$200 and a Massive Pump Are Possible Soon
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During the last week, the Ethereum price has been far from the desired level. Traders are tired of waiting for another ETH rally, but here it is. The users of tradingview come up with very positive predictions – it seems like Ethereum will soon experience a great boost. What are these assumptions based on? Let’s take a look at the charts.

Extra fractal means ETH will grow

Run, Ethereum, Eun! ETH Short-Term Price Analysis: +$200 and a Massive Pump Are Possible Soon

A user called botje11 made a thorough analysis and has reached an interesting conclusion. Just like Bitcoin, ETH mimics the path it has previously made during the rally from 100 to 165. However, the last time, the volume involved was much bigger prior to the triangles. In February, the rally was about 27 points, and this one seems to be 12 points only. ETH needs to gain momentum to repeat the rally.

Thus, Ethereum should reach the level of $132/$134 – it will be a good support zone for it to touch the $138.5/$139 level. If that happens, Ethereum will break eventually. Here’s what botje11 says about his prediction:

Unless we see a slow stable dropping of the price, I think I should give a small warning. I have been looking into some things, of this current bull flag. First thought was, it's a fake flag and it will probably drop again. However, this rally was not a short squeeze. Which is a very important difference. With each drop the past days, we see it getting bought up again, I just find I hard to tell if it's accumulation or distribution. If we continue to drop in a slow pace coming day or two, then I think we will break up eventually. So this channel you can see, is probably a good guideline to use. If we continue to move inside of, it should be seen as bullish.

Ethereum has been weaker than other altcoins due to lower trading volume, but it might enter the head and shoulders pattern. Even if we see drops in the current pattern and movement inside this wedge, Ethereum can still be bullish.

Ethereum is set to grow to $200

Run, Ethereum, Eun! ETH Short-Term Price Analysis: +$200 and a Massive Pump Are Possible Soon

Ethereum price chart from Monfex

A user called Monfex predicts Ethereum will grow steadily during the next month. We can see two patterns: an ascending trend channel and an ascending triangle. Every pattern represents a continuation chart pattern and displays that an uptrend is expected (it’s very likely to happen).

We can also see an upward trend channel on a daily chart. The trendlines of this channel slope in an upward direction and the ETH price is making higher highs and higher lows. A very strong continuation pattern signals a great upward trend.

Monfex writes:

Also, there is an ascending triangle, as shown on the chart. The trendline connecting the high prices is horizontal at $144, and the trendline connecting the low prices forms an uptrend. What this pattern means is that market participants have been selling ETH at $144 over the past two weeks, always putting a halt to rallies at the same price point, but that buyers are getting more and more bullish and stepping in at increasingly higher prices to halt sell-offs instead of waiting for further price declines. We know that an ascending triangle typically forms in an uptrend and forms a powerful bullish signal. If the rally continues above the $144 (beyond the triangle), that will generate a strong bullish signal.

The prediction is also proven by a few technical indicators. We can see that in a daily time frame the Stochastic oscillator (5,3,3) is growing – it’s the confirmation of a buy signal. Fibonacci Retracement confirms all of the previous two impulse waves up and two corrective waves. Thus, a profitable $165 price is located at 61.8% of the Fibonacci sequence, and the 2nd target is located at 78.6%.

Thus, as soon as the price breaks through $165 resistance, we will witness the continuation of an uptrend. Here’s what Monfex recommends:

  • Enter Long (Buy) now at $140.
  • Set the Stop-Loss at $116 - the next significant support level.
  • Set the Take-Profit (partial close) at $165 - the next significant resistance level. Close the position fully at $190.
  • Forecasted P&L: +$43 or +30% (or +300% per 1 Lot with 10x Leverage)
  • Risk/Reward Ratio: 1.8x

Bearish Butterfly sets $170 resistance level

Run, Ethereum, Eun! ETH Short-Term Price Analysis: +$200 and a Massive Pump Are Possible Soon

Ethereum price chart from MrJEB

Another pattern confirming ETH price suggestions is the Bearish Butterfly. It was revealed by MrJEB. It sets $170 resistance levels before reversing hard. Potential breakouts are possible and we should watch attentively for entry points.

ETH/USD chart in TradingView

Don’t miss the opportunity to double your riches with Ethereum – it might make a big jump this week and reach new heights in March.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
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Contents

After trying to retain the position above $4,000, Bitcoin seems to be stuck. What to expect from BTC during the following weeks? What’s the best time to invest in Bitcoin? Let’s try to figure it out with tradingview users: they will provide their BTC price predictions and opinions about investment strategies.

Bitcoin has to break another resistance

Both shortage and resistance breaking are possible for BTC

Bitcoin price chart from DianKemala

This BTC price chart clearly explains the influence of the Fibonacci level on its price. Traders saw a big bearish candle 2 days ago, but bears stopped at $3,936 and started performing a sideways consolidation pattern.

Bitcoin failed to break the Fibonacci resistance zone (4004 - 3986), which isn’t a bullish sign, but we have another resistance above at $4,038. If Bitcoin is able to break up this resistance, the bullish period will continue. The important support before the bearish period is around $3,936. If this support breaks down, expect a bearish target at $3,860, or maximum at $3,780. 

Will BTC get back to $3,600?

$3,600 level is ideal for investments

Bitcoin price chart from MarcPMarkets

We are watching the BTC market trying to overcome 4K resistance level with varying success. According to MarcPMarkets, the current BTC trading environment does not offer an attractive reward/risk for putting any new money to work.

All risks should be properly assessed. The low 4K area is still the range resistance, while the lower 3K area is the range support. In the green box, you can view the potential reward, while the red box represents the potential risk. Why would we put on any new swing trades at range highs when chances are the price is more likely to test much lower levels in the short term? 

Candlesticks or RSI are not the only signals of upcoming BTC fall. The fact that price is beginning to show signs of structural weakness confirms our reasoning that staying out of any new swing trades near the range highs is the best choice for now. Support levels begin around the high 3600s and continue through to the 3450 levels. That might be the ideal time for investments.

Although supply may be slowly removed from the market, it will take some time before the effects play out. So we will continue to wait for two particular scenarios: 1) price retraces toward the lower part of the range for a reversal to go long; or 2) price breaks beyond 4150 and provides a momentum continuation pattern for a long.

BTC is ready for capitulation

 BTC movement is around the corner

Bitcoin price chart from DataPatron

During several months Bitcoin was consolidating in a tight range between $3,300 and $4,400. Now it seems to be completing sideways mission, and long term volatility promises a serious movement that’s around the corner.

I am almost sure another red leg symmetrical to the previous one (from 6 to 3k) is before us.

All in all, Bitcoin is in a broader recovery over the long term, but the short term is just not in a position that offers attractive reward/risk. Consider an investment in BTC, if it hits the $3,600-3,700 bottom line in a few weeks.

BTC/USD price chart on TradingView

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
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