Most Important EthUSDT Chart you need to see.
Hello Dear,
The Gann chart, attributed to the legendary trader W.D. Gann, is a powerful tool for predicting price levels and time cycles. While it may seem complex initially, mastering its principles can give traders a significant edge. This article will break down the basics of the Gann chart and provide you with actionable tricks to incorporate it into your trading strategy.
What is a Gann Chart?
A Gann chart combines price and time to identify key levels of support, resistance, and potential trend changes. Gann's theory is based on the concept that price and time move harmoniously. By plotting geometric angles and price levels on the chart, traders can identify critical points where the market is likely to react.
The chart shown here overlays key angles and levels, such as:
0° (Base Level): Starting point for calculations.
90°, 180°, 270°, and 360°: Significant price levels derived from Gann’s geometric principles.
These levels serve as both support and resistance zones, depending on the market trend.
📊 Interpreting the Chart
1️⃣ Key Levels to Watch
🔹 Support Zones:
$2,596 – First strong support level.
$2,346 – If the price drops further, expect buyers here.
$2,117 – A major demand zone. If ETH reaches this level, expect a strong reaction.
🔹 Resistance Zones:
$2,858 – Current price level; breaking above could push ETH higher.
$3,128 – Next key resistance level; breaking this confirms a bullish trend.
$3,415 - $3,713 – Strong resistance area; ETH needs momentum to break through.
$4,024 - $4,345 – If the rally continues, these are the next upside targets.
⏳ Time Cycles & Trend Shifts
The chart also shows Gann time cycles (vertical lines), which help predict possible trend shifts. Based on the setup:
🔸 ETH has recently bounced from a key support level, suggesting a possible trend reversal.
🔸 If ETH maintains momentum, we could see a push toward $3,128 soon.
🔸 However, if it fails to hold above $2,596, it might revisit lower support zones.
📈 How to Trade This Setup?
✅ Bullish Scenario:
If ETH breaks above $2,858, look for a move toward $3,128 - $3,415.
A breakout above $3,713 could trigger a strong rally toward $4,024+.
❌ Bearish Scenario:
If ETH fails to hold $2,596, expect a drop toward $2,346 or even $2,117.
Losing $2,117 could open the door for deeper correction.
🔎 Final Thoughts
Ethereum is at a crucial decision point. If bulls can break above $2,858, we might see an exciting rally. But if ETH struggles, lower support levels could come into play.
What do you think? Bullish or Bearish? Let’s discuss! 🔥👇
The Gann chart, attributed to the legendary trader W.D. Gann, is a powerful tool for predicting price levels and time cycles. While it may seem complex initially, mastering its principles can give traders a significant edge. This article will break down the basics of the Gann chart and provide you with actionable tricks to incorporate it into your trading strategy.
What is a Gann Chart?
A Gann chart combines price and time to identify key levels of support, resistance, and potential trend changes. Gann's theory is based on the concept that price and time move harmoniously. By plotting geometric angles and price levels on the chart, traders can identify critical points where the market is likely to react.
The chart shown here overlays key angles and levels, such as:
0° (Base Level): Starting point for calculations.
90°, 180°, 270°, and 360°: Significant price levels derived from Gann’s geometric principles.
These levels serve as both support and resistance zones, depending on the market trend.
📊 Interpreting the Chart
1️⃣ Key Levels to Watch
🔹 Support Zones:
$2,596 – First strong support level.
$2,346 – If the price drops further, expect buyers here.
$2,117 – A major demand zone. If ETH reaches this level, expect a strong reaction.
🔹 Resistance Zones:
$2,858 – Current price level; breaking above could push ETH higher.
$3,128 – Next key resistance level; breaking this confirms a bullish trend.
$3,415 - $3,713 – Strong resistance area; ETH needs momentum to break through.
$4,024 - $4,345 – If the rally continues, these are the next upside targets.
⏳ Time Cycles & Trend Shifts
The chart also shows Gann time cycles (vertical lines), which help predict possible trend shifts. Based on the setup:
🔸 ETH has recently bounced from a key support level, suggesting a possible trend reversal.
🔸 If ETH maintains momentum, we could see a push toward $3,128 soon.
🔸 However, if it fails to hold above $2,596, it might revisit lower support zones.
📈 How to Trade This Setup?
✅ Bullish Scenario:
If ETH breaks above $2,858, look for a move toward $3,128 - $3,415.
A breakout above $3,713 could trigger a strong rally toward $4,024+.
❌ Bearish Scenario:
If ETH fails to hold $2,596, expect a drop toward $2,346 or even $2,117.
Losing $2,117 could open the door for deeper correction.
🔎 Final Thoughts
Ethereum is at a crucial decision point. If bulls can break above $2,858, we might see an exciting rally. But if ETH struggles, lower support levels could come into play.
What do you think? Bullish or Bearish? Let’s discuss! 🔥👇
Time is more important than price. When time is up price will reverse." – W. D.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Time is more important than price. When time is up price will reverse." – W. D.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.