Ethereum (Complete Technical Analysis)Ethereum continued its uptrend to reach above $ 3,600; But now it is in control of the current position and if it dominates $ 3,575, it is possible to climb again.
ETH opened the way above the $ 3,500 resistance following its uptrend. It then crossed the $ 3,550 level and moved away from the 100-hour moving average.
The ETH / USD pair's hourly chart also shows a break above the downtrend line with resistance at around $ 3,475. Eventually, the price even jumped to the top of the $ 3,600 position, and then the touch of the $ 3,628 price ceiling has been corrected.
ETH dropped below $ 3,600 during this price correction; Meanwhile, the 23.6% Fibonacci retracement level of the recent uptrend was lost from the $ 3,343 floor to the $ 3,628 ceiling.
ETH is currently trying to maintain its current position at around $ 3,500. In this position, the nearest resistance level is upstream around $ 3,550. Consider the first significant resistance around $ 3,575; Where the newly formed downtrend line has created resistance.
The next significant resistance is in the same range of $ 3,600, the passage of which is the main condition for climbing higher levels. If it does, there is a possibility of a single ETH jump of up to $ 3,700. The $ 3,800 range then plays a key resistance role.
If ETH is unable to climb above the $ 3,575 resistance, a sharp price correction is likely. In this case, the nearest support level is around $ 3,500.
The $ 3,480 level plays a key support role; The Fibonacci level of 50% has also confirmed its validity by approaching this range. If it collapses, there is a possibility that the ETH will fall to the moving average.
Btc-doge
ADA/USDT❌ADA got hard rejection from the resistance of $2.35 and the daily candle leave a big wick above the resistance showing profit booking. It is now heading towards the major support of $1.8-$1.9 area. ADA need to hold above the major support to again retest the resistance area.
❌Place your orders below $2 and wait. Market looking choppy and we may see some accumulation near support zone before next move!
ETHEREUM (Complete Technical Analysis) ✅⚪️Ethereum resumed unified uptrend from $ 3,000. Now, in order to climb further in the long run, it is necessary to overcome the resistance of $ 3,200.
ETH gained significant support around $ 2,750 and started a new uptrend. Following that, the resistance levels of $ 2,880 and $ 2,950 were broken and a hopeful atmosphere prevailed.
⚪️In the ETH / USD pair chart, the resistance of the upper bearish trend line at $ 2,925 has been broken. The price then opened the way to the $ 3,000 level and the 100-hour moving average. It went higher and crossed the $ 3,100 level.
At the moment, ETH is struggling with resistance around $ 3,175. So far, the bar has moved to the $ 3,165 level and has been slightly modified. The nearest support level is around $ 3,065; The range of the 23.6% Fibonacci retracement level has fallen from the $ 2,740 floor to the $ 3,165 ceiling.
⚪️The closest resistance level is seen above $ 3,165. We consider the first significant resistance to be slightly higher at $ 3,175. The $ 3,200 area is the first hard-to-reach area. ETH will rise to higher levels as the condyle closes and closes above this area. In this case, there is a possibility of a solid ascent to the range of $ 3,320.
⚪️But if ETH is unable to climb above the $ 3,200 resistance, there is a possibility of a bearish correction. The nearest downstream support level is near $ 3,065.
Substantial support is then expected in the $ 3,000 range and moving average; Its collapse is likely to signal the Fibonacci level of 50% as a support level. If the $ 2,950 level is lost, the ETH is likely to fall short.
ADA/Read before opening a long positionCardano tried to break the downtrend resistance line but unable to break above it. #ADA (#Cardano) recovered fast from the dump and now again near the resistance zone. The major resistance is $2.3 area and ADA need to break above this. Wait for a breakout of this resistance before opening a long position here. If ADA rejected again then we may see a retest of $2 support area.
ETHEREUM (Technical Analysis) ✅#Ethereum fell sharply as $ 3,200 support collapsed; It was traded at the lowest price level of $ 2,807 and is now trying to return.
#ETH started a big drop from the $ 3,500 resistance range. As a result, many important support levels, including $ 3,300, collapsed and the price completely fell short of the 100-hour moving average.
With the $ 3,200 support collapsing, the bears revived and went on to crush the $ 3,000 support.
Eventually, their $ 3,000 support collapsed and the $ 2,807 floor was reached.
ETH has since entered a bullish correction, with resistance levels at $ 2,920 and $ 2,950 re-conquered so far.
Meanwhile, the 23.6% Fibonacci retracement level of the recent fall has been reversed from the $ 3,455 ceiling to the $ 2,807 floor. The nearest resistance level above is considered to be around $ 3,020. The ETH/USD pair's hourly chart also shows a downtrend with resistance around $ 3,020.
Climbing and closing Kendall above $ 3,020 will probably be a good start for a bullish move. The next resistance level is expected at around $ 3,130, where the Fibonacci 50% level has fallen. Climbing to the top will provide an opportunity for an integrated ascent. The next significant resistance is in the $ 3,300 range.
If ETH is not able to climb above the resistance level of $ 3,020, the fall will probably be more severe. In this case, the nearest downstream support level is around $ 2,960.
The first strong support level is apparently forming in the $ 2,900 range. As it collapses, it is likely to fall to $ 2,750 support. With its loss, Ethereum will take refuge in the $ 2,640 support range.
USDT.D UPDATE - Could be heading back to $4.69 or $4.83re charted USDT.D on the (weekly) based on its recent pump, doesn't look good for BTC in the upcoming weeks, but anything is possible, tread lightly with longs on BTC/ALTS but USDT.D is bullish on the weekly as of right now.
*Could be heading back to $4.69 or $4.83
*every $0.33 USDT.D goes up or down, that's roughly $5,000 gain/loss for BTC
*USDT.D goes up BTC goes down & vice versa
*By DEC 6, 2021 USDT.D should already be at the top of the reverted triangle by then, based on divergence and oscillators.
USDT.D - Critical time for a dump/pump for BTC ?could go either way, but looks bullish to me (bad for BTC)
its been respecting that up channel since sept 6th after a falling wedge break out
getting close to the tip of a symm triangle, near the bottom area of the up channel
consolidating in a rectangle channel (a bullish pattern) but doesn't look that strong, as it had already dipped out of it, and back in.
symm triangles are 60% bullish
a strong consolidating rectangles are bullish, and usually breaks upward eventually
a respected up channel is bullish as well, as long as it respects the top & bottom trend lines, but could break downwards.
this week, could get ugly, or be good for BTC as we were on the way to recovery from the recent sept 7th dip. I suspect sept 21st -24th could be key areas to pay very close attention to.
This data isn't 100% accurate just my idea and thoughts based on charting. Good luck !
ETHEREUM (Technical Analysis) ✅☑️ #Ethereum was able to continue its uptrend movement above the $ 3,500 resistance. Now with the power in this range, there is a possibility of rising to $ 3,800.
#ETH started a new uptrend after overcoming the $ 3,450 resistance. It then managed to break the $ 3,500 resistance level and the 100-hour moving average.
The uptrend was so strong that even the $ 3,600 level was reached. Ethereum is currently stabilizing at its current high of $ 3,620. It has fallen below $ 3,600 so far and the 23.6% Fibonacci retracement level has climbed from $ 3,361 to $ 3,620.
The ETH/USD pair chart also shows a bullish trend line with support at around $ 3,580. We consider the nearest resistance level upstream to around $ 3,580.
The first strong resistance is the $ 3,600 level. Climbing and closing the top of the candle will probably take the ETH to higher levels. The next significant resistance is at $ 3,720. By crossing it, the conditions for moving to $ 3,800 will be adjusted.
But if Ethereum is unable to climb above the $ 3,600 resistance, a bearish correction will be imminent. In this case, the nearest support level downstream is around $ 3,520.
Below that, the $ 3,500 range and trend line appear to be strong support. The 50% Fibonacci level is near the same level. As support for this range collapses, the $ 3,450 support will likely be tested.
ETHEREUM TECHNICAL ANALYSIS✅#ETH surpassed the $3,400 resistance level by being in a bull movement. Favorable conditions are now provided for the $3,500 level to be exceeded.
Ethereum formed a strong support base at around $3,200 and started a new uptrend. It managed to continue the resistance of $3,350 and the 100-hour moving average.
The ETH/USD pair also broke the key resistance of the downtrend line in the range of $3,360. It then paved the way for the $3,400 resistance. #Ethereum continued to move above the $3,420 level and even tested the $3,450 level.
After conquering the $3,450 peak, ETH is seen trying to stabilize its current position. So far, Fibonacci support at 23.6% has not lost the recent return of the $3,115 to $3,450 level.
Fibonacci has not missed the recent climb from $3,115 to $3,450.
The nearest resistance level upstream is around $3,420. Strong resistance has since been seen in the $3,450 range. By climbing to the top, the price will be raised to higher levels. The next significant resistance is at $3,500. Any further growth in this atmosphere would be conducive to further ETH ascent. But if #ETH is unable to climb above the $3,450 resistance level, a bearish correction will be imminent. In this case, the closest downstream support is in the $3,380 range.
The next strong support seems to be forming in the $3,350 range. A further drop is likely to signal a 50% Fibonacci level. The next hurdle for bears is likely to be in the $3,240 range.
BTC/USDTBitcoin break the trading range because of Walmart fake news. Bitcoin able to back in the range and now trading near 45000 area. The yesterday pump and dump liquidate both long and short positions. Market is recovering a little from yesterday pump and dump. BTC need to break and hold above 46000 otherwise we see a retest of 45000 area.
BTC - NEW ENTER TREND LONG FROM 46777 THE EXCEL SHEET POINTHello trading friends,
✅Since this month until 25-09-2021 we have a trend challenge where we add all orders on our excel sheet for the coming time.
IF the trend increases to 46777 that would be our Long entry for the challenge.
✅Like and subscribe to not miss a new idea!✅ Thank you
Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
🎬To stay updated check always our last update.
Have a great day
What Happened? Read Here ⚠️Massive sell volumes, Massive liquidations, all in less than an hour. But why?
CryptoTicker.io explained three reasons for this crash:
" 1- JP Morgan issued a Bad Memo to its investors
JP Morgan warned its investors 1 day prior to the crash about buying altcoins during this bull run. They claimed that retail traders were hyping up prices during fundamental advancements in the technology (NFTs, scalable blockchains…). This note created a negative sentiment in the crypto sphere, prompting a heavy sell-off.
2- El Salvador Announced a Bad Start with its crypto integration
The cryptocurrency market started taking a hit as El Salvador’s wallet experienced technical difficulties within hours of its debut. This forced President Bukele to announce that they would temporarily “go offline”. This bad start in their crypto integration scared investors and initiated a sell-off, which translated into a snowball effect on the entire market. Negative news and strong selling pressures have very bad effects on cryptos, especially because of their high volatility.
3- A Price Adjustment was bound to happen
The crypto market rallied for an extended period now with no signs of any retracement in prices. This extended uptrend is definitely scary, especially when prices rise by more than 50% in less than 1 month. Green candles can be seen for most cryptos consecutively. Coupled with bad news, this ticking bomb would definitely explode once profit-takers enter the selling game"
Also as NationalWorld.com says:
"It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading.
A further blow was dealt when China ordered Bitcoin mining in its Sichuan province to shut down completely and furthermore told banks to stop supporting crypto transactions, in a latest wave of restrictions on cryptos.
China’s crackdown on cryptos comes days after Musk’s shock announcement.
Musk’s decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021.
It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.
The billionaire entrepreneur said: “We are concerned about rapidly increasing use of fossil fuel for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
Musk reaffirmed his belief that cryptocurrency has a “promising future” but that it “cannot come at great cost to the environment”, in his Twitter post.
Musk has been a long-time advocate of cryptocurrencies and the Tesla decision was felt across the market, with other digital tokens going down in price."
In the past 24 hours, most cryptocurrencies are in the red. The market as a whole lost more than 10%. The top losers are Filecoin (FIL), MDeX (MDEX), and Ethereum Classic (ETC) all losing around 20%. On the other hand, we can notice top gainers on such a red day like Near Protocol (NEAR) and Solana (SOL) making 22% and 11% respectively.
1- Bitcoin (BTC) : – 9.2 %
2- Ether (ETH) : – 12.7 %
3- Cardano (ADA) : – 16.6 %
4- Binance Coin (BNB): – 14.7 %
5- Tether (USDT) : 0 %
6- Ripple (XRP) : – 21.35 %
7- Solana (SOL) : + 11.63 %
8- Dogecoin (DOGE) : – 17.83 %
8- USD Coin (USDC) : + 0 %
9- Polkadot (DOT): – 19.20 %
What do you think caused this crash? What happened to your positions? Comment below and share it with us.
SKALE NETWORK - SKL - ON INCREASE TREND TO NEW HIGH LEVELHello trading friends,
✅SKL shows the interesting trend for further increase trend into the level of the high targets
This forgotten coin has more trend to show a good increase coming time.
✅ The 0,60+ Are a possible next long term trend what also can do into short term
✅Like and subscribe to not miss a new idea!✅ Thank you
Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
🎬To stay updated check always our last update.