Analisistecnico
ETH/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Ethereum (ETH) also significantly fell in today’s session, dropping below the $1,600 mark.
Following a high of $1,652.43 on Thursday, ETH/USD moved to a bottom at $1,553.85 earlier in the day.
Today’s drop has pushed the world’s second-largest cryptocurrency to its weakest level since February 15.
As projected earlier in the week, a move towards $1,550 was already on the cards, as the 10-day (red) moving average neared a downward cross with the 25-day (blue) moving average.
The RSI has also contributed to the sell-off, with the index falling below a recent support point of 49.00.
Currently, the price strength on ETH is at 44.51, which is marginally above the next support at 44.00.
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Head and Shoulder and Inverse Head and Shoulder differencehello dear traders,
Here are some educational chart patterns that you must know in 2022 and 2025.
I hope you find this information educational and informative.
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What is the head and shoulders pattern:-
The head and shoulders pattern is used in technical analysis. This is a typical chart formation that predicts a bullish-to-bearish trend reversal. The pattern appears as a baseline with three peaks, where the outer two are close in height, and the middle is the highest.
The head and shoulders pattern is formed when the price of a stock rises to a peak and then retraces to the base of the previous up-move. Then, the price rises above the previous peak to form a "head" and then back to the original base. Finally, the stock price reaches the level of the formation's first peak before turning down again.
The Head and Shoulders pattern is considered to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal with varying degrees of accuracy that an uptrend is nearing its end.
Formation of the pattern:-
Left shoulder: Price rise followed by a price peak, followed by a decline.
Head: Price rise again forming a higher peak.
Right shoulder: A decline occurs once again, followed by a rise to form the right peak,
which is lower than the head.
What Is the Inverse Head and Shoulders Pattern:-
inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends.
This pattern is identified when the price action of security meets the following characteristics: the price falls into a trough and then rises again; the price falls below the former trough and rises again; Finally, the price falls again but not to the second trough. Once the final trough is formed, the price moves upwards towards the resistance found near the top of the previous trough.
Formation of the pattern:-
Left shoulder: Price declines followed by a price bottom, followed by an increase.
Head: Price declines again forming a lower bottom.
Right shoulder: Price increases once again, then declines to form the right bottom.
Advantages and Disadvantages of the Head and Shoulders Pattern:-
Advantages:-
Experienced traders identify it easily
Defined profit and risk
Big market movements can be profited from
Can be used in all markets
Disadvantages:-
Novice traders may miss it
Large stop loss distances possible
Unfavorable risk-to-reward possible
Advantages Explained:-
Experienced traders identify it easily: The pattern is very recognizable to an experienced trader.
Defined profit and risk: Short and long entry levels and stop distance can be clearly defined with confirmation openings and closings.
Big market movements can be profited from: The timeframe for a head and shoulders pattern is fairly long, so a market can move significantly from entry to close price.
Can be used in all markets: The pattern can be used in forex and stock trading.
Disadvantages Explained:-
Novice traders might miss it: The head and shoulders pattern may not present with a flat neckline; it may be skewed, which can throw off new traders.
Large stop loss distances possible: Large downward movement over long timeframes can result in a large stop distance.
The neckline can appear to move: If the price pulls back, the neckline might be retested, confusing some traders.
Trade with care.
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Ethereum Technical Analysis on Christmas 2023 🎅Hi Freinds
In the last week, Ethereum has had a completely neutral movement. If you pay attention to the blue circle drawn in the middle of the chart, you can see that the price has formed a strong upward movement after its neutral movement or range, which is called a spike or sharpie movement.
So we have to wait for Ethereum to start its Sharpie movement. But is this sharpie movement ascending or descending? In the following, we will answer this question by examining several technical points.
As can be seen in the chart, after reaching the level of $1,100 (red circle), the price faced buying pressure and was able to grow again to the level of $1,300. Ethereum has hit this level several times but has not been able to break through this level, which is why it has turned the $1,300 level into a relatively strong resistance.
Currently, Ethereum is still maintaining its current small uptrend until it breaks below the $1,150 level. If this cryptocurrency can remain above the level of $1,200 (fixed), its next target will be $1,350. Another important point is to create a FVG or gap. FVGs are areas that form after a collapse or growth, in fact, areas where the body of the candlestick does not overlap with its next or previous candlestick. These areas are very attractive for retail traders. One of the characteristics of Gap or FVG is that it attracts price like a magnet. Therefore, according to the concept of FVG, we can conclude that the probability of a strong upward movement is higher than a strong downward movement.
Sponsorships: $1,200, $1,150, $1,100
Resistances: $1300, $1350, $1400
Arztoday Team 💙
Analyzer ✍: AR.Rashidi
Bitcoin forecast and IdeaAfter the price correction and return to the Resistance Zone, we enter the short trade for the second drop to the Fibonacci range of 2 or 1.805
Entering the short trade, after the pull-back from Resistance Zone and confirmation of the price falling.( Around $20240 price )
Bitcoin and BTCUSD tradring
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EUR/USD Price Analysis: Gains seen accelerating above 1.0300 EUR/USD flirts with weekly highs around 1.0250 on Wednesday.
Further gains look likely on a close above 1.0300.
EUR/USD trades on a positive performance around the 1.0250 region midweek.
The so far August high at 1.0293 (August 2) emerges as the magnet for bulls for the time being. Above this level, spot is expected to see its uptrend reinvigorated and could challenge the temporary 55-day SMA in the near term, today at 1.0377.
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0906.
EUR/USD daily chart
BTCUSDT - Should I open a short? What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
#ADA/USDT 1HOUR UODATE !!Hello, dear traders welcome you to this ADA/USDT 1hr chart analysis.
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ENTRY:-$0.5270,$0.5450
TARGET:-40% TO 50%
STOP LOSS:-$0.5020
LEVERAGE:-10X TO 20X
As we can see from the above-mentioned chart that ADA/USDT was trading inside the symmetrical triangle pattern and broke upside.
Now, ADA is trading in a support zone and retesting the upper trend line.
Here I am expecting a bounce from the current price level which is $0.5520 towards the price level of $0.7890 which is almost 50% from the current price level.
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