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ETH/USDT Analysis Update!Ethereum shows signs of resistance near the upper trendline within a descending channel, indicating a potential pullback in the near term. Ethereum is currently testing the resistance level at the channel's upper boundary. Previous attempts to break the above have resulted in pullbacks, which could happen again if buying pressure does not increase. The highlighted yellow area is a crucial support area, where buying activity has provided consistent upside in the past. The recent price action indicates a potential bearish divergence, indicating potential downward movement if confirmed. Consider a short position if the price fails to break the resistance level. A stop-loss can be placed slightly above the resistance line to manage risk. Target the lower support area around $2,270 to $2,210 as a potential area for profit-taking. Continuous monitoring of Ethereum’s price action around the resistance level will be crucial to anticipate the next significant move. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
by CryptoSanders9563
TNSR NEW BREAK POSSIBILITY This update is for TNSRUSDT Depending on the study trend this coin shows possibilities for new increase. TNSR seems to be at an important key level, where it has a high chance of breaking in the coming time. We will follow this coin with the possibility of the trend increasing and breaking. This can be interesting for day trading and long term, it depends on the coming time market view. Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis that are at long-term profitable. The reason for expecting this coin can increase Activation of a new trend with the possibility of starting a new cycle. Good times, everyone. This update is not trading or financial advice.
Long
by SatochiTrader
Is BTC forming a huge channel? What will price do?BTC seems to be forming a huge upward channel. This is more evident on the weekly charts. If this is correct, then we are currently testing the upper bands. Will price be able to break through the channel? or will it go down? There are two possible scenarios if a channel is true. Scenario A - we consolidate a bit and pierce through the upper channel bands, reaching for higher highs and higher ATHs... Scenario B - we fail to break resistance and plunge back down to the middle of the channel - reaching for the 16k zone... Time will tell
COINBASE:BTCUSD
by Guzardus
Bitcoin's Intermediate Bullish Horns point toward ~$9400On 26 May 2019 at 1600 hrs Universal Time, Bitcoin (Ref: Bitfinex; against the US Dollar) had a bullish breakout from the ~$7975 price point terminating at approximately ~$8787. At the time of this writing we can see here on the 4 hour chart that price is sitting at around ~$8758 and has been in a narrow downward consolidation since the 26th (3 days ago). This, to me, is obviously a bullish pattern but the size of the wicks is slightly concerning and points toward uncertainty. I imagine that this is related to the amount of time we have been in this intermediate uptrend. Regardless, we are riding a strong upward support, so any voluminous break to the downside could spell the beginning of a retracement which is beginning to feel a bit overdue. When we measure this pole, we get an increase of 10.2% or $812. This will factor into my target of course. If this indeed plays out as a continuation my target range of ~$9271 - ~$9394 should be reached by around 30 May 2019 at 0800 UTC (Given the resistance up at $9393.90). All this considered, I've place a discretionary stop-loss range of just under ~$140, giving the wicks a little wiggle room, and a risk to reward ration of about 1:5.
BITFINEX:BTCUSDLong
by JBenavidez