empty
26.10.2022 11:36 AM
ETHUSD Potential For Bullish Momentum | 26th October 2022

This image is no longer relevant

Looking at the H4 chart, the current overall bias for ETHUSD is bearish. However overnight, the price broke out of the consolidation between the 1st resistance at 1405.86 and 1st support at 1405.86. Price has then tapped onto the 1st resistance at 1488.77 where the 78.5% and 50% Fibonacci lines are located. Expecting price to possibly come back down to test the 1st support at 1405.86 where the 100% Fibonacci line and previous swing low is.

Trading Recommendation

Entry: 1651.44

Reason for Entry: Sell entry where the 78.6% and 38.2% Fibonacci lines are located

Take Profit: 1405.86

Reason for Take Profit: 100% Fibonacci line and previous low are

Stop Loss: 1789.86

Reason for Stop Loss:

Previous swing high

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD – February 17th. Traders Are Hesitant at the Start of the New Week

On Friday, the EUR/USD pair consolidated above the 76.4% Fibonacci retracement level at 1.0458, continuing its upward movement toward the next retracement level at 1.0533. This trend may continue into

Samir Klishi 12:39 2025-02-17 UTC+2

GBP/USD – February 17th. Has the British Pound Reached Its Limit?

On the hourly chart, GBP/USD continued its upward movement on Friday, closing near the resistance zone of 1.2611–1.2620. A rejection from this zone may lead to a reversal in favor

Samir Klishi 12:34 2025-02-17 UTC+2

Forex forecast 17/02/2025: EUR/USD, USD/JPY, GBP/USD and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:40 2025-02-17 UTC+2

Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs, Monday February 17, 2025.

With the appearance of the Bullish Divergence pattern, it seems that CAD/JPY on the 30-minute chart has the potential to strengthen as long as there is no further weakening that

Arief Makmur 08:18 2025-02-17 UTC+2

Technical Analysis of Intraday Price Movement of GBP/CHF Cross Currency Pairs, Monday February 17, 2025.

From what we see on the 4-hour chart, the GBP/CHF cross currency pair appears to be moving within the bullish Pitchfork channel, especially confirmed by the appearance of the Bullish

Arief Makmur 08:18 2025-02-17 UTC+2

BCH/USD – Weekly Results and Outlook

The final support level of the monthly Ichimoku cross at 329.98 has been reached. The market took a pause last week, remaining influenced by this level. If bears succeed

Evangelos Poulakis 05:29 2025-02-17 UTC+2

EUR/USD and GBP/USD – Technical Analysis

The bulls have managed to recover much of their previous losses, closing above the short-term weekly trend at 1.0357. If this bullish momentum continues, the pair could further advance

Evangelos Poulakis 23:21 2025-02-16 UTC+2

#NDX – Weekly Summary and Outlook

The past trading week has shown a distinct bullish trend. Buyers are focused on completing the downward correction and restoring the uptrend, as they have nearly reached the 2024 high

Evangelos Poulakis 23:21 2025-02-16 UTC+2

Trading Signals for BITCOIN (BTC/USD) for February 14-17, 2025: buy above $96,569 (21 SMA - 3/8 Murray)

On the contrary, if the Bitcoin price falls below $96,000, the bearish cycle is expected to resume. Hence, it could fall to 2/8 of Murray located at 93,750 and finally

Dimitrios Zappas 15:42 2025-02-14 UTC+2

Trading Signals for EUR/USD for February 14-17, 2025: sell below 1.0500 (200 EMA - 6/8 Murray)

Early in the American session, EUR/USD is trading 1.0463 inside the uptrend channel forming since the beginning of February and reaching overbought levels around 6/8 Murray. On the H4 chart

Dimitrios Zappas 15:21 2025-02-14 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.