Ethereum (ETH/USDT) Chart Analysis - Short-Term ProjectionIn this technical analysis, we will take a closer look at the Ethereum (ETH) price chart against the US Dollar (USDT) in a 1-hour (1H) timeframe. We will assess the current market situation and outline potential price movements for the near future.
Current Price: $1798
Chart Pattern: Bull Flag
Price Target: $2000 (Short-Term)
Technical Analysis:
The Ethereum price is currently trading at $1798, and the chart indicates the formation of a Bull Flag pattern on the 1-hour chart. This pattern is often seen as a bullish continuation signal, suggesting that the price may experience an upward movement in the coming days.
Key Levels to Watch:
Strong Support at $1750:
One crucial level to monitor is the strong support at $1750. If this level holds, Ethereum to make its way to the $2000 mark in the short term.
Resistance Levels:
$1850: A resistance level to consider on the way to the $2000 target.
$2000: The short-term price target for Ethereum, should the Bull Flag pattern play out as anticipated.
Trade Strategy:
For traders looking to capitalize on this potential price movement, consider the following strategy:
Exit Strategy:
If the $1750 support level is breached and the overall trend changes, it may be prudent to exit your position to minimize potential losses.
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ALTS
Bitcoin current situation and future ) Guys, and Ladies, my congrats!
We will have the big chance in our future to make millions by crypto )
All information on graph.
The #3 big wave of big grand supercycle approx should take 1-2 million $ price.
Timing the same 10-12 years from 2024.
Also the same i'm checking on stables domination.
Good luck for all of us )
See on Y point in next 6 month )
XRP : Short Term, Take EXTREME CAUTIONHi Traders, Investors and Speculators of Charts📈📉
As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here:
Again I think there are better buys in the market than XRP right now. Alts with way better setups.
Incase you missed the previous update, here's some really important notices from my side. Also hence why I'm advising caution when trading XRP, especially if you're trying to swing trade:
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MATIC/USDT Technical Analysis: Deciphering the Chart SetupMATIC/USDT Technical Analysis: Deciphering the Chart Setup
Bullish Bounce from Symmetrical Triangle
MATIC currently trades around $0.65 after bouncing from the $0.52 level, which aligns with support of a symmetrical triangle on the daily chart.
Symmetrical triangles typically act as continuation patterns, so this bounce suggests a resumption of MATIC's uptrend within the triangle formation.
Favorable Higher Timeframe Structures
On the weekly chart, the symmetrical triangle takes shape as a larger bull pennant, which is also a bullish continuation pattern.
The confluence of constructive structures on the daily and weekly timeframes paints a positive picture for MATIC over the near term.
Measured Move Targets $1 Initially
The symmetrical triangle points to an initial measured move target of around $1 if MATIC can break out above the upper triangle trendline.
Reclaiming the key $1 level would likely propel additional upside momentum.
Potential for $5+ in a Bull Market
Looking longer-term, if MATIC breaks and holds above $1 decisively on the weekly chart, the bullish structures an extended move towards $5 first, with the potential for $10 in a sustained crypto bull market.
Monitoring Key Support at $0.50
If macro conditions worsen, keeping an eye on the $0.50 support level is prudent. A breakdown below $0.50 would invalidate the bullishness and introduce downside risk towards $0.20.
SUI/USDT Technical Analysis Chart Overview in Long TermSUI Chart Analysis Overview
Strong Returns from Lows
SUI currently trades around $0.46, after recently bottoming at $0.3620. This marks a 4.6x increase from its ICO price of $0.10.
The all-time high for SUI was $1.60, representing a 16x ROI from the ICO. This shows SUI's ability to post outsized returns during bullish momentum.
Attractive Entry Zone
Even after the 4x bounce from recent lows, SUI still sits 70% below its all-time high. This suggests the $0.45-$0.40 zone is an attractive area to start scaling into a position.
Initial upside targets based on technicals and prior resistance levels are $0.62, $0.97, and $1.42.
Preparing for the Next Bull Run
If SUI can repeat or exceed its performance from the previous bull market, a rally back to its ATH of $1.60 is reasonable.
I also see potential for SUI to reach the $5 level in the next sustained crypto bull run based on its upside history.
Managing Risk
While the opportunity in SUI appears promising, proper risk management is always essential. Never invest too heavily in one asset. Keep position sizing modest and diversify across a basket of opportunities.
SLP Looking almost as good as my wife when I bring the $ L8NITEHonestly, sometimes you see a beautiful chart. This is one of them. Notice the smooth curve (pun intended). I love when it looks like this. RSI going for 50 with impetus. Fisher and KDJ already screaming.
Anything could happen though, so with responsible, professional trading ideas you should have a SL. TPs shown as well... of course. Cloud is thin, when's a better time to attack?
Bitcoin Weekly Chart Analysis: Key Resistance Levels in FocusBitcoin has been a topic of discussion in recent weeks, as it continues to trade within a range that has kept traders on the edge of their seats. In this weekly chart analysis, we'll take a closer look at the current state of Bitcoin's price, focusing on key resistance and support levels that could dictate its future trajectory.
Current Price:
As of the latest data, Bitcoin is trading at approximately $34,000.
Weekly Resistance Breakout:
One of the most critical factors to watch for in the Bitcoin market right now is a potential breakout of a significant resistance level on the weekly chart. This week's candle is set to close soon, and if it finishes above $31,000, it could signal a substantial bullish scenario for Bitcoin.
Resistance Levels:
The two primary resistance levels to keep a close eye on are at $38,000 and $46,000. These levels have been significant obstacles for Bitcoin in recent times.
$38,000 Resistance: If Bitcoin manages to break through the $37,000-$38,000 resistance zone, it could pave the way for a rapid price surge toward $46,000 in the coming days.
$46,000 Target: A successful breach of the $38,000 resistance may lead to Bitcoin's price reaching $46,000 in a relatively short period.
Potential Support Level:
While we focus on the bullish scenario, it's crucial to be prepared for the alternative outcome. Should Bitcoin fail to surpass the $37,000-$38,000 resistance range, there is a possibility of a retest of the $30,000 level.
Final Thoughts:
In the world of cryptocurrency trading, it's vital to approach the market with a well-informed strategy. Never trade blindly and always monitor critical resistance and support levels.
Support Level:
$30,000 is a significant support level that could come into play if Bitcoin faces rejection at the $37,000-$38,000 resistance range.
In conclusion, the Bitcoin market is at a crucial juncture, with the potential for both bullish and bearish scenarios. Traders and investors should keep a close watch on the $37,000-$38,000 resistance range, as it could be the key to determining the next direction for Bitcoin's price.
ETH USD IdeaGood morning, fellow Crypto Weekend Warriors! As we review last week's technical analysis, it's clear that we've witnessed a successful range breakout and a backtest of the range high. The beauty of Crypto Weekend's 4-hour structure is that it consistently delivers results. Since our last update, we've achieved an impressive 19% return on our investment, and we're now compounding our trades following a successful backtest of the range, adding even more profits to our portfolio. We're looking ahead to the upcoming week, anticipating a potential run through liquidity.
In our strategy, we always book partial profits along the way, and last night was no exception. With a 2% Profit already hit, our position is now break-even, ensuring that our risk is effectively minimized. For those of you considering similar trades, we highly recommend waiting for 1-hour fractal bullbacks before entering the market. Remember, not everything goes according to plan in the crypto world, so we prioritize our safety through sharp risk management. And let's not forget our cardinal rule: patience is our number one indicator. In a market as dynamic as this, it's essential to let the trades come to us, not the other way around. Happy trading, and may the crypto winds be ever in your favor!
XRD & GFAL 💎Don't Sleep on these ALTS!Hi Traders, Investors and Speculators of Charts📈📉
In today's analysis, I present to you 2 gems altcoins with great setups and great upside potential - XRD and GFAL .
Let's take a look at ideal buy zones and future upside potential in this quick video analysis.
Don't forget to check out this update on LINK:
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CRYPTO:GFALUSD MEXC:GFALUSDT BITFINEX:XRDUSD KUCOIN:XRDUSDT
📈 The Ultimate Altcoin Survival Guide 🎯🛡️Hey there, crypto enthusiasts and market savvies! Professor here, bringing you a critical update that you can't afford to miss! 💎🔥
00:00 Hey folks, let's dive right into the world of altcoins. You've been hearing me sing praises for Bitcoin lately, but what about the underdogs, the altcoins? 🎤🤔
00:16 Well, guess what? I haven't forgotten them; I've just been analyzing. Let's get to the heart of the matter and talk about what the charts are screaming at us. 📈💡
00:23 We're looking at an 8-hour chart that excludes Bitcoin and Ethereum. Notice this massive channel? It's crucial for the altcoin market, and right now, it's shouting "Resistance!" 🛑🔔
00:49 Yup, we're walking on thin ice. This is the time to hold your horses on altcoins and keep your eyes peeled on those levels - 335 and 319 billion, to be exact. 🎯🛡️
01:32 Bitcoin remains our "safe haven," especially with Bitcoin dominance skyrocketing. Stick with me, and you'll know why my 80% trading focus is on Bitcoin right now! 🏆🛡️
02:42 Spotlight on ADA and Ethereum: My positions? Increasing in ADA at 0.268 and shorting Ethereum. It's not about being bullish or bearish; it's about being smart! 🎯👓
04:53 What about LINK? It's all about that channel, baby! We took a long position and scored a phenomenal trade. This channel strategy works like magic! 🌟🚀
06:18 Speaking of magic, let's talk Matic. Major resistance here; don't jump the gun. When the channel says go, we GO! 🚀💥
07:27 Targets? I've got 'em! 1.7, 1.9, and 3.2. Manage your risks and reap the rewards, simple as that. 🎯👑
08:00 XRP? It's in time-out under resistance. But hey, let's keep an eye for that rebound. It could be our golden ticket. 🎫💫
09:11 Bottom Line: The Total Three Chart for Crypto says altcoins are in danger. For now, Bitcoin is my ride or die! 🛡️🏆
09:51 Stick around, engage, and let's keep this conversation going. If you're still with me, you've just leveled up in your trading game! 🎮🌟
One Love,
The FXPROFESSOR 💙
full video transcript:
00:00 Hey everyone, time to take a look at altcoins. Professor been extra extra bullish on Bitcoin. Okay, you see not so much on altcoins.
00:10 I posted a lot of Bitcoin, not many else. People ask me, hey, you forgot about phantom. You forget about sandbox.
00:16 You forget about STF CFX, but I didn't forget about anything. It's just I follow the charts. So let's follow the chart.
00:23 That's the total three. It excludes its cryptocurrencies excluding Bitcoin and Ethereum. So what do we have here? That's the eight hour chart.
00:32 And we see a massive channel, okay, which is support on the lower end support resistance in the middle and its resistance on the top.
00:42 So what do we have right here? Let's go to the 15 minute chart. Unfortunately, ladies and gentlemen, my dear friends, we have resistance.
00:49 So we need to be careful because these breakouts, it didn't go higher. So we are running a danger of going a little bit or a little bit more lower.
01:02 So 335 and 319 billion. It's where I want to buy again and of course I will have alerts. Like to all 3 on major support.
01:23 So we need to be careful with altcoins at this very moment. Think about it this way, Bitcoin. For me it's a safe haven.
01:32 That's why I keep saying safe haven. I keep repeating myself a little bit of times but you know maybe this is not the perfect time for riskier assets and cryptocurrencies altcoins and so on.
01:44 This could be time for Bitcoin. So personally I do prefer Bitcoin at this time of stage but who am I?
01:50 Let the chart do the talking. Let's go to Bitcoin dominance. You see how it has exploded and you can see here why from this level over here for this breakout on October 2nd we have been 80% posting about Bitcoin, Bitcoin, Bitcoin because the dominance was expected to rise.
02:09 And it did break out higher. So my expectation is to see the 58%. We are now at 54% and if the price drops lower then it has huge, huge support at 52%.
02:22 So Bitcoin dominance says, Hey buddy, maybe this is not a perfect time for altcoins. This is the time for Bitcoin.
02:32 And we go to 58% or we go even higher at 66%. Okay? Now let's take a look at the major altcoins that would make more sense to, everyone.
02:42 Ada, looking good. Looking good. And I'm looking to increase my position at 0.268. We've been long through here. It's going well.
02:50 Ethereum, 1771. Today we went short my community right under this level over here. So we have a short position hedging our long positions and it's beautiful.
03:00 1.827 is resistance support at 1629 and let's go to SDX no big news here okay major support would be this level over here that's why we have the alert and it will go automatically to our friends and family who follow us up very very similar very close to support but still you see not going higher for
03:29 the time being so one inch let's discuss about one inch that's a 15-minute chart you see it got rejected at the middle of the channel if we go to four hours it will make sense so one hour actually is gonna a lot of you know it's gonna make even more sense so what do we have here we have a channel how
03:51 simple is it to make a channel I mean you know resistance or resistance resistance and the middle of the channel so we are remaining long we have a long position but we want to buy over that level and that's exactly why we have the alert there and when it hits there if it breaks higher we go long for
04:10 the time being we're being aware and we would be looking to follow the price within the channel does this work does it make sense well let's take another example let's look at link for example and let's go to the eight hour chart and look at these guys i mean how more simple this is straight up most
04:32 simple charging the world as the most beautiful channel support support support support three times at the lower end of the channel three times very clear three times very clear resistance up there and then what we have the fake out over here and the minute it goes back into the channel that's the time
04:53 to go long that's the time we did go long and that's how we followed the price and we increased the position over here at this level and we have a phenomenal trade which we have shared the result with you here it's the same chart it's the same deal so the channel works we wait for the price to go on
05:12 the channel and that would be support and we can increase the position that we already took profit from massively or if it dips back under the channel then we're going to go short and we're going to keep the stop loss over the channel so as simple as that I want to show you Matic before I go because
05:29 it's also at a major major major resistance Matic is one of my favorite assets and I've post it a lot of times from 0.20 all the way up to 2.4 and 2.8 so if you have been following me you can check the previous ideas we did very very well with entering now nicely and with exiting nicely so we're looking
05:56 to get back on Matic but we want to see the price get back into the chart. I want to see the price get back into the chart so for the time being we are at the scary situation where, ah, scary, okay, ah, but we are under the channel so we are under what is right now major, major, major resistance.
06:18 So, ah, one can go short, okay, or one can wait. That's what I'm doing in this case. I don't want to go short on magic because it's one of my favorite ones, but what I want to do is I want to have a big ass alert over here that will allow me to go long and buy this break.
06:41 If the price goes back into the channel, magic major entry, we're getting up and buying. That's what I say this breakout in the channel with stop loss 0.64.
06:51 So that would be an entry at 0.66 a stop loss at 0.60. 4. Let's put some number into that. So from there to 0.64 it's around 3%.
07:03 Okay, 3% exactly. But where is the take profit? Well, if you take a look at the take profit, we're looking about a take profit of and always think risk to reward is going to help you a lot to manage risk.
07:17 So we're looking at take profit here at 153% higher or there at 188 or all the way up there to 364.
07:27 So this would be my 3 target. 0.64, the stop loss 1.7, 1.9 and 3.2 and of course there is another level to 1.03.
07:39 So I'm going to add that 1.03 as well as a 4.0. 4th target and that would be a beautiful trade.
07:48 For the time being, don't get too excited. Let's look at XRP as well because a lot of you asked about XRP also under resistance at the time so I cannot buy that.
08:00 I cannot go long. Wait and see if there is a rebound here where the support level because if that happens, then I want to go long there and I want to have my stop loss under there and you know, the beauty of this is that small risk, high reward, but at the same time if the price rebounds a little bit
08:17 like Bitcoin, we get a new entry today and the price did rebound from here, okay, all the way up there.
08:26 So already we move the stop loss out entry and worst case scenario is we're going to hit the stop loss and make no money, lose no money, okay.
08:32 So these levels will give you very high return for lower risk and at the same time it's a highly probable to rebound level so it can give us a very, very flexible.
08:48 Way of trading for the time being this is chart I want you to focus on and that's the total three for crypto so altcoins right now in danger for all the charts that I have just mentioned we're looking to buy much bigger on altcoins and there we'll have a proper bull run if only we can break this level
09:11 and get outside of the channel and have the breakout so for the time being we looked at bitcoin dominance I'll stick with bitcoin as a 80% of my trading and of course I will remain long on bitcoin.
09:27 That's it from me. Hope it makes sense and this time give me some comments discuss with me because this is a kick ass video with a lot of you know, precision charts and a lot of educational hints.
09:41 So those are you that stayed with me until the end of this 10 minute video. You must have learned something and I hope that it does help.
09:51 Take care. Keep in touch.
⚠️ Altcoins at Critical Resistance 📉 Time to Tread Carefully 🚨Hey traders! Professor here 👋. Today, let's talk about something crucial: the 'Total 3' chart, which looks at the entire altcoin market minus Bitcoin and Ethereum. 📈
Right now, we're at a significant resistance level on the 8-hour chart. 🛑 No breakout yet, making it risky to jump in. We might see some downside before going up, so keep an eye on the $335B and $319B levels. 🎯
Bottom line: I'm staying cautious with alts for now and leaning more towards Bitcoin. Let's be smart and keep our eyes peeled. 👀
Comments and thoughts are welcome! Let's discuss! 🗨️"
PS. We buy BIG if we see a breakout over the channel!!!!!
One Love,
The FXPROFESSOR 💙
Not quite there yet...Howdy fellas!
Figured I'd come back and update from the last time I put this chart out there.
I am not playing the bear game here, but if history repeats itself, we still got that big dump before bull run begins.
You might wanna take some profits at the end of this run, as this supposed dump happens in about 9 weeks. Once it starts in drops quick and the move down should be done in 3 weeks.
I can always be wrong friends, so do not run your trades based on my words.
Trade thirsty!
(TOTAL2) Alt coin market cap!!!!!Alt coins are bloody, the market moves based on Demand and Supply
If we go back to our chart, we can see here that there is not much demand in that area, between 600B to 680B.
In our previous data, in that area there was a good upward impulse movement, but now the sellers are more aware.
We can go back to the 400B range of the Alts marketcap, and we can still feel the price drop in some of our altcoins across the market.
be careful when positioning trades on different alt coins. Don't over trade too much. Relax and enjoy different things first to avoid big losses in the market.
PS: 400B support + Moving average 200 ; massive buying zone.
Happy trading!!
SPOT THE DIFFERENCE: Real vs RUG📈📉Hi Traders, Investors and Speculators of Charts📈📉
Hundreds if not thousands of new cryptocurrencies launch monthly. All with big promises of use case, flashing tech and a stock-standard wide mouthed YouTube guy telling you how high it will moon. With these new tokens and coins also comes many initial coin offerings (ICOs) that are often scams. The demand for these have grown, even despite the fact that many people get rugpulled. This mostly unregulated market makes for a perfect place to scam innocent people out of their money, with little consequences to the thieves.
With crypto scams rampant, it's easy to get mixed up in a scam coin whose ultimate goal is a liquidity drain (slow, stair-step bleed down). Here's my top advice to avoid diversifying into bad projects / scams:
- Research the team. Perhaps the single most important success factor for any ICO or cryptocurrency is the developers and administrative team behind the project. The cryptocurrency space is dominated by major names. For that reason, it's increasingly common for scammers to invent fake founders and biographies for their projects.
- Check the whitepaper, twitter account and website. You want to see the background, goals, strategy and timeline for implementation for any blockchain-related project. This can be incredibly revealing: companies that have a flashy website may reveal they lack a fundamentally sound concept. On the other hand, a company with a website containing spelling errors may que that they lack a professional and qualified team and the website was built by someone's cousin's brother.
- It it sounds too good to be true, it probably is. The idea of getting rich quick on an investment in a hot new project sure is tempting. Remember that projects sounding too good to be true , likely are. Spend time scrutinizing every detail, and assume that the absence of a piece of crucial information may be an attempt to hide an unsound model or concept.
- Note the name. I can't stress this enough. Baby Doge, Baby Shib, pizza coin, bulldog etc... These are all coins that are obviously meme coins and you can almost expect to be rugged if you buy into a coin with a weird or funny name.
Final Rule of thumb : Always be CAUTIOUS when investing in projects that have retraced more than 90% from its ATH.
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BINANCE:DOGEUSDT BINANCE:DOGEUSD BYBIT:BABYDOGEUSDT MEXC:BABYDOGEUSDT
ETH, ETF going great so far!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Elliott wave Impulse, still printing variant.
Hope all those talking heads are right and the BitcoinETF goes a bit better...
Cheers!
SOl gonna rise or set?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
22.50 is my new level, 22.05 is the start of the area.
Broke down and found resistance under.
Bulls need to break and flip.
Either #Sol is the strongest or the laggardest.
Cheers!
The Dollar Shop 💵: Altcoins UNDER 1$Hi Traders, Investors and Speculators of Charts📈📉
I'll be making a series on altcoins that are trading well under 1 dollar. These coins make for great additions to a diversified portfolio AND with such a cheap price, why not get a few. You never know which one will 100x 🤑
CQTUSDT Covalent :
SOLOUSDT Sologenic :
And SYNUSDT Synapse on the front chart:
NOTE that these are accumulation ideas ideally. You can definitely swing trade once they have doubled, but keep a few around for incase one of them x10 or x100.
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COINBASE:SYNUSD BINANCE:SYNUSDT CRYPTO:SOLOUSD POLONIEX:SOLOUSDT KRAKEN:CQTUSD OKX:CQTUSDT
Bitcoin - Range Trading, Focus on ALTSHi Traders, Investors and Speculators of Charts📈📉
For the short term, I'm expecting BTC to trade range with occasional candle wicks above the resistance zone and wicks below the support zone. This will shakeout many swing traders, and I'm of the opinion that there are much better setups to trade right now other than BTC.
There are many altcoins trading extremely low right now, find some of them here if you're looking at coins that could x10 or x100 :
It's possible that there will be no interesting price action on BTC up until the halving, which will happen somewhere around April next year. Until then, there will be many other great trading opportunities in the altcoin market with high reward and low risk setups. We'll be focusing more on those.
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ALT SEASON underway and this Support shows you WHY!Looking at this chart, it becomes more obvious how the alt coin market, which broke this Summer above the Bear Cycle's Falling Wedge, is preparing for a big move upwards. The 494.45 level has been tested 4 times and emphatically held on all as it provided rebounds that left large 1W candle wicks behind.
The latest was on September 11 but stopped last week on the 1W MA50 (blue trend-line). A 1W candle close above it opens the way for a Lower Highs test, similar to January 09 2023, which when it broke it started the 2nd part of the rally.
There is only one long-term Resistance left from the Bear Cycle and that is the 1W MA100 (green trend-line) that is intact since May 09 2022. This what the markets target should be, we estimate a potential contact at 650B, by the end of the year.
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BNB/USDT | Target Range of $150-$130The BNB/USDT pair has experienced a bearish breakdown, signaling a potential shorting opportunity. Traders are eyeing a target range of $150 to $130 as a possible profit zone. Technical indicators and the breach of a bear flag pattern support the bearish sentiment. However, it is important to remember that cryptocurrency markets are volatile, and risks should be managed carefully. Traders should conduct thorough research and use risk management tools when considering short positions.
thank you :)
😱 BITCOIN PRICE PREDICTIONI thought it was time to make a long-term chart, with all these wrong charts going around, hehe.
I think that the correct fit is a square root function in the logarithmic chart, meaning that the growth is slowing down on long timescales. BTC cannot just continue to grow exponentially. This would lead to insane prices of many millions in 2025.
I am a long-term bitcoin bull, but one has to remain realistic.
The cause of these growth cycles is the halvings, which lead to a supply shock with a subsequent rally—every time.
These are all guesstimates of course, but I think this chart is realistic.
The long-term goal of BTC, in 2025+, is at around 150K USD imo. It won't go much higher afterwards, it can be seen as the final asymptotic price.
CURRENT SITUATION
$BTC broke out of the downtrend on the monthly chart.
The bull and bear market after the halving lasted approx 1000 days. If we take the historical data we can see that $BTC entered the next halving with ≈ 50% down from the top. Considering this, the price of Bitcoin could be around $35k going into the next halving.
I hope this chart helps people understand the long-term growth dynamics of BTC :)
This idea only in the probabilistic way