Matic longMatics long term structure is really strong and I am confident we have hit the low on this correction.
The shorter timeframes are suggesting a possible partial decline of the latest range just below the historical resistance at 75c. There is also the three valleys patter that has developed and confirmed.
Here you typically wait for a break and confirmation of 75c, however we've decided to partly enter the trade now, with the plan of adding above 75c if we break and confirm it as support.
The stop loss is placed below the secondary low and at the break of the shorter trend. You could make your stop loss looser if you wanted to trade the range low. If we get stopped out we will look for the opportunity to re-enter.
For this cycle my long term targets are:
1. $2.61
2. $3.62
3. $4.50
These are the targets for my spot hold, I wouldn't want to see the price break 60c for this play.
D-ETH
ETH - Next Bullish Impulse Soon?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish, trading above the rising trendline marked in blue.
Currently, ETH is undergoing a correction phase and approaching the lower orange and blue trendlines.
Moreover, it is retesting a strong support and demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and blue/orange trendlines acting as non-horizontal support.
📚 As per my trading style:
As #ETH is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Crypto Bull Run (2024-25) | ARE YOU PANIC SELLING NOW?Is your coin 50%, 70% down?
Are you crying?
Are you panic selling now?
Remember the last bull run (2020-21)?
Whatever is happening in the market now, it happens during every bull run! So these are normal in the crypto market. Let me share an example of the last bull run 👇
During the last bull run (2020-21), #ETH price dumped around -70%, just before the start of bull run!
In just 30 days, #ETH dumped from $300 to $80 😹
At that time, 90% retails holder sold everything out of fear! They were thinking, Eth price will be ZERO! No bull run will come. Market Scam, Crypto Scam blah blah
After that the rest is history🚀🚀
ETH printed a bottom at $80. Then a big up rally started! Price pumped around +5560%.
$80 to $5000, ETH did +55x in 2020-21 bull run😎
Many will make the same mistake in this bull run (2024-25). Many coins are 70% down from your buying price! Think about those who sold eth at $80 in fear🙈
Even if not +55x pump like #ETH, every good projects will do minimum 10-20x from here Inshahallah
Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot which has been identified as a pullback support and could bounce from the level to the 1st resistance.
Pivot: 3,355.63
1st Support: 3,272.65
1st Resistance: 3,468.05
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Example of how to effectively use auxiliary indicatorsHello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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The StochRSI < 80, StochRSI > 20, OBV, -100, +100, RSI < 70, RSI > 30 indicators included in the HA-MS indicator are indicators that express the formulas of each basic indicator by modifying them.
These indicators can be intuitively confirmed by expressing each indicator on a price candle, and can be used as support and resistance points for detailed trading strategies.
-
(1M chart)
The most frequently referenced RSI indicators have been added to be drawn on price candles as RSI < 70, RSI > 30 indicators.
Therefore, if the price is maintained above the 3014.05 point, it can be interpreted that the RSI indicator is in the overbought zone.
Therefore, the 3014.05 point corresponds to the support and resistance zone.
-
The +100, -100 indicators are indicators that express the CCI indicator.
The CCI indicator interprets the -100 to +100 range as a sideways range based on the 0 point.
If it rises above +100, it is interpreted that it has escaped the sideways range and formed an upward trend.
If it falls below -100, it is interpreted that it has formed a downward trend.
Therefore, if it rises above the 3762.29 point, it should be interpreted that it is highly likely to form an upward trend.
Therefore, if it rises above the +100 indicator point, you can conduct a breakout trade.
-
If you understand the concept of the above indicators, I think you can create a trading strategy with just these indicators.
-
The HA-High indicator is formed at the 3321.30 point, so the most basic standard is the 3321.30 point.
Therefore, you should set the 3321.30 point as the standard and use the support and resistance points of the above indicators to create a trading strategy that suits you.
The trading strategy may vary depending on your investment period, investment amount, average purchase price, etc.
Even so, the HA-High and HA-Low indicators can be the standard for the chart, so you should consider the location of these indicators.
-
(1W chart)
It is currently continuing to rise within the rising channel.
Therefore, the key is whether it can rise along the rising channel.
-
The 3265.0 point and the 3321.30 point are the HA-High indicator points of the 1W and 1M charts.
Therefore, the area around the 3265.0-3321.30 section can be seen as the standard for trading.
Therefore, if it falls below the 3265.0-3321.30 section, it is highly likely that it will fall further.
However, the 3014.05 point is the RSI < 70 indicator point of the 1M chart, so if the price is maintained above 3014.05, it is likely that it will continue to rise in the long term.
Therefore, if it falls below the 3265.0-3321.30 section, it is necessary to check whether there is support in the 3014.05-3136.41 section.
-
(1D chart)
Currently, the HA-High indicator of the 1D chart is formed at 3787.59.
Therefore, in order for a full-scale uptrend to begin, the price must be maintained above 3787.59.
-
The +100 indicator is formed at 3523.09.
Therefore, in the short term, it is highly likely that an uptrend will be formed if it rises above 3523.09.
If not, the movement is likely to continue in the sideways section of the CCI indicator.
-
As above, you should look at the charts in order of 1M, 1W, and 1D charts, interpret them comprehensively, and create and modify your trading strategy by considering your average purchase price or investment period.
Again, among the indicators on this chart, the most basic indicators for trading are the HA-High and HA-Low indicators.
To find out the basic trend, you can check the movement of the MS-Signal indicator.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
The real uptrend is expected to start after rising above 29K.
The area expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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Jun.26-Jul.1(ETH)Weekly market recapThe PCE of May was better than the previous value, and the power of shorts has slowed down. This Friday will usher in important NFP. This will restart the medium-term trend. Many financial markets pulled back after rise in NFP in last month. Although we all know that the increase in NFP is likely to come from political needs and the increase in illegal immigration. Therefore, there is a divergence between it and the unemployment rate. However, with the market's full interpretation, we believe that as long as NFP is not significantly higher than expected, the market may ignore NFP and price a new round of interest rate cuts.
The SEC recently returned some applicants’ S-1 documents regarding ETH ETF and required them to submit documents again within July 8. ETH ETF is getting closer. The formal approval of the BTC ETF is after the U.S. stock market closes, so the ETH ETF may also be within this time point. Economic data aside, the ETH ETF will be key over the next 10 days.
Although Mt. Gox brought FUD, the BTC ETF has turned to net inflows for 5 consecutive days, which shows that institutions have reopened BTC.
ETH has remained fluctuation over the past week, as we expected. But the ETH ETF is about to be launched, and this cycle is still for ETH. The response from an indicator level is lackluster. There are no obvious whales on the WTA indicator, and trading volume has not increased. The ME indicator continues to fluctuate, causing the wavy area to further narrow.
In summary, we believe that ETH's performance this week may be stronger than BTC, but this depends on the time when the ETH ETF is listed. We maintain our original resistance level 4000 and support level 2800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ETHEREUM → Long-squeeze before the rally? To the MOON, to $4800?BINANCE:ETHUSDT continues the phase of correction, the character of which is consolidation. The goal is to gather potential before possible growth on the trend. The target is 4000-4800
The main focus is on ETH-ETF, which, according to rumors, may be allowed to trade on July 2-4. This will be another positive signal for the cryptocurrency community, as this fact may expand the underlying demand for cryptocurrencies and attract additional capital.
Fundamentally, ETH is seeing an increase in the number of active wallets, traders are actively buying call options with strike 4000 and expiration in September, Ethereum Foundation is not selling ETH now as it usually did close to market tops, which together gives positive signs.
The asset price is in a downward correction at the moment. The essence of this movement is the asset's consolidation before further strengthening.
Resistance levels: descending wedge line, 3678, 0.5 fibo
Support levels: 3200, trend line, 0.79 fibo
Technically, liquidation of buyers in the liquidity area formed behind the trend support is possible, long-squeeze may lead to a rally.
Regards R. Linda!
BRIEFING Week #26 : Binary Mode Still Active...Here's your weekly update ! Brought to you each weekend with years of track-record history..
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NEW DOG Coins still have product market fit!LOL
Crazy as it sounds but yes they do.
Why? Because they still go up after all these years :)
#DOKEN is new Japanese inu coin on ETH
and definitely fills a need
after watching what a train wreck that is Soylana
Not saying ETH doesn't have jeets... it just feels ready for a shitcoin season on ethereum.
There has been much talk about the "The last inu" as in the one of the last breeds of Japanese to have a really strong Altcoin to be associated with that breed.
Is this the one?? IDK
But it is cheap and it is newly launched to still offer upside potential.
Unfortunately this is what crypto has become ...
Ultimately if a coin has structure
it offers opportunity
so we must at least take a look at it.
ETH: POTENTIAL BULL FLAG FORMATION!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is trading above the $3300 level which is quite a strong support. As you see in the chart, it is forming a bull flag-like structure in an 8-hour time frame and is currently, trading inside it. Once it breaks out from the bull flag we might see a good 30-40% rally to the upside.
Also, there is positive news that the SEC could approve spot Ethereum ETFs by July 4 so this definitely gives a good boost to ETH and Alts.
Entry range:- $3280-$3380
Targets:- $3900/$4200/$4600
Invalidation:- Close below $3250
What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
$MATIC may do something like this#polygon #matic price has been declined from the trend line zone and may have bearish retest to confirm the further correction phase. Small bounces are always necessary. Not financial advice.
ETH - Now We Wait!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been bearish trading within the falling channel pattern marked in orange.
Currently, ETH is approaching the lower bound of the channel.
Moreover, it is retesting a strong demand zone $3,100 - $3,200.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Ethereum has a strong bearish momentum, could it fall further?Price is rising towards the pivot and could potentially fall from this level to the overlap support.
Pivot: 3,522.8
1st Support: 3,414.3
1st Resistance: 3,621.6
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CryptoCap - ETH / Ethereum - Idea II - Triangle PlayHey guys,
yearly chart: bullish setup with targets around 435 and 577. (recent ATHs on closing base and by wick )
Quarterly: After a strong Q1 gain we see a trading back below 435 printing an inside bar... : bearish setup at a strong resistance level. Range of this quarter will be monitored closely on the 3D chart.
Monthly: 4 Months of weakness - with the last one not being able to reach the highs of the range.
-> Stochastic is turning down after forming a double top
-> Bullish trendline is still intact. It seems to be the last support before the lower high scenario will be in play. - alternatively looking at the triangle: waiting for a break of this structure and a retest
3D: very interesting. we see a consolidation of course - but there might be a fractal in play if you compare the 3D to the monthly chart.
However, I am seeing a bearish setup with an invalidation above 435. - keeping in mind that the yearly is still pointing up so we could easily be going just up from here.
thanks for reading…
Alikze »» YGG | Ready to break the PRZ !In 12H time, it is moving in an ascending channel, which has had three reactions to the dynamic trigger or the bottom of the channel so far.
💎 Therefore, this trigger or ascending channel can be considered valid. However, it has had two negative reactions at the ceiling of the channel in the resistance range, which has not been able to stabilize above this channel, which has led to two fake breaks and has faced supply and selling pressure.
💎 Finally, it formed a double ceiling in the ceiling of the channel, after which it encountered a zigzag correction and reacted positively to the trigger in the green box range.
💎 The first scenario: but it is currently in the PRZ1 range, if it can stabilize above it, it can rise to the PRZ2 area, which also has an FVG gap.
💎 Alternative scenario: But if this area does not have the ability, the alternative scenario is to retest the channel floor, and if it is lost, it can continue to the next node of the green box area.
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Ethereum is currently testing a support levelEthereum is currently testing a support level. It is crucial that this support holds to maintain the bullish outlook. The $3,800 level is a significant resistance level and a breakout above this level could signal further upward movement. Investors should monitor Ethereum closely to see if it maintains its support. A move above $3,800 could be a positive indicator for further gains.
ETH Ethereum Price TargetIf you haven't sold at the peak of ETH or entered during the buying opportunity:
Now I believe Ethereum is likely to consolidate within the range defined by its 200-day and 50-day moving averages in the coming period. This consolidation phase suggests that Ethereum's price action will oscillate between these key technical levels, potentially indicating a period of indecision or equilibrium in the market.
Looking ahead, my expectation is for Ethereum to experience a retracement towards the 3150 level. This retracement could serve as a healthy correction following recent price movements. Subsequently, I anticipate Ethereum to gather momentum and embark on a potential upward movement towards the 3800 mark.
This outlook reflects a cautious yet optimistic stance on Ethereum's price trajectory, taking into account both technical analysis and broader market dynamics.