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ETH/USD Daily TA Neutral BearishETH/USD Daily neutral with a bearish bias. *Bulls are defending the CRITICAL SUPPORT at $2000 for the seventh consecutive day and may succeed but be wary of a potential bull trap.* Recommended ratio: 40% ETH, 60% cash. Price is currently testing $1941 support for the fourth time in the past seven sessions after being rejected by the 50/50 trendline from February 2017 as resistance at $2100. Volume is back to being moderate and fairly balanced between buyers and sellers as Price is testing a very critical support. Parabolic SAR flips bearish at $1717, this margin is mildly bearish. RSI is currently trending up and testing 36.91 resistance; if it can break above it then it will likely test 55.31. Stochastic remains bullish after resisting a bearish crossover in yesterday's session and is currently trending up and testing 46.76 resistance. MACD remains bearish and has been trending sideways at -252 for six consecutive sessions now in trough formation; if it is able to break above -224 then it would cross over bullish. ADX remains trending up and is currently beginning to form what could be a peak at 48 as Price is seeing support after a 45% drawdown since April 5th; if ADX begins to trend down as Price goes up, this would be mildly bullish. If Price is able to defend $1941 support then the next likely target is a retest of the 50/50 trendline from February 2017 at $2100 before potentially heading higher to retest $2408 minor resistance. However, if Price breaks down here, expect quite a violent sell-off that will likely take Price down to $1426.78 support. Mental Stop Loss: (two consecutive closes above) $2100.
COINBASE:ETHUSD
by dailytaguy
$FTM/USDT 90m (#BinanceFutures)Falling broadening wedge breakoutFantom is pulling back to 50MA support and looks good for a bounce then a short-term recovery! Current Price= 0.7531 Buy Entry= 0.7432 - 0.7050 Take Profit= 0.8346 | 0.9233 | 1.0164 Stop Loss= 0.6354 Risk/Reward= 1:1.25 | 1:2.25 | 1:3.3 Expected Profit= +15.26% | +27.51% | +40.37% Possible Loss= -12.25% Fib. Retracement= 0.559 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 1 week Tags: #FTM #FTMUSDT #Scaling #PoS #Staking #DAG #SC #EVM #Enterprise #DApp #DeFi #BSC #BC #SolEco Website: fantom.foundation Contracts: #Mainnet #ERC20 0x4e15361fd6b4bb609fa63c81a2be19d873717870 #BEP20 0xad29abb318791d579433d831ed122afeaf29dcfe #BEP2 FTM-A64 #SPL 8gC27rQF4NEDYfyf5aS8ZmQJUum5gufowKGYRRba4ENN #CELO 0x218c3c3d49d0e7b37aff0d8bb079de36ae61a4c0
FLong
by TradingOn
ETH/USD Weekly TA Cautiously BearishETH/USD Weekly cautiously bearish. *With the merge finally expected to be deployed on Ropsten Testnet around June 8th and then hopefully on the Ethereum Mainnet within the following few months, Terra collapsing and Solana network outages... there is reason for bullishness, but with fears of full blown recession being staked by the US economy being in stagflation it's generally advised to be risk off unless you're an investor with a long time horizon.* Recommended ratio: 30% ETH, 70% cash. Price is currently testing $1944 support which is just above the critical uptrend line from June 2020 ($1800). Volume is currently lower than last week's and on track to favor sellers for a seventh consecutive session. Parabolic SAR flips bullish at $3917; this margin is mildly bullish. RSI is trending down slight at 34.60 and is still technically testing 37.35 but if it doesn't bounce here then it will likely test the lower trendline of the descending channel from August 2020 at ~32. Stochastic remains bearish and is currently trending down at 3.51 as it will look to touch max bottom in the current or next session. MACD is currently forming a new ATL at -232.81 with no sign of trough formation. ADX is currently trending up slightly at 22 as Price continues to fall, this is mildly bearish. If Price is able to defend support at $1944 then it will likely consolidate before retesting $2361 resistance. However, if Price breaks down here, it will have the uptrend line from June 2020 at $1800 as the last line of support before potentially testing the lower trendline of the descending channel from October 2021 at $1407 support. Mental Stop Loss: (two consecutive closes above) $2361.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily TA Neutral BearishETH/USD Daily neutral with a bearish bias. Weak Head and Shoulders formation from March 2021 still in play -- equity markets and crypto markets are still highly correlated, equity markets have been bullish this week so be ready for it to carry over into cryptos . Recommended ratio: 47% ETH, 53% cash. Price is currently trending down at $2050 after being rejected by the 50/50 uptrend line from February 2017 ($2100) as resistance on the first test. Volume has dropped back to being moderately low and has favored buyers in four of the past five sessions, indicating that there is a bit of support at $1941. Parabolic SAR flips bearish at $1700, this margin is neutral at the moment. RSI is currently trending up at 33.60 as it approaches 36.91 resistance. Stochastic remains bullish and is currently trending up at 35; it is still technically testing 22.98 resistance. MACD remains bearish and is currently trending sideways (slightly up) at -254; it will need to break above -208 to crossover bullish. ADX is currently trending up slightly at 46 as it continues to trend toward a peak formation, which would in this case signal a potential incoming retracement or reversal. If Price is able to close above the 50/50 uptrend line from February 2017 ($2117) for two consecutive sessions, the next likely target would be a test of $2408 minor resistance. However, if Price continues to fall here it will likely retest $1941 support before potentially heading lower to $1426 support. Mental Stop Loss: (two consecutive closes above) $2117.
COINBASE:ETHUSD
by dailytaguy
ZKTUSDT hidden gem on Layer 2. Major updates are here!Fundamental Analysis #ZKTUSDT zkTube has Rebranded to ZKTMETA : Key Takeaways By merging its metaverse operation systems with its industry-leading Layer-2 network, ZKTMETA is turning the dream of a rich metaverse into the average consumer’s reality The project is all set to facilitate metaverse games with the sophistication of epic proportions thanks to the raw power, affordability, and security of its Layer-2 network At the same time, it’s empowering creators by laying the groundwork for them with the metaverse operation system. This will undoubtedly accelerate the pace of innovation as more and more creators bring their diverse imaginations to the table The potential of ZKTMETA is already being realized in the form of its first metaverse game known as MetaTube. 1.Building a Metaverse Operation System on Layer 2 2.Why Layer-2 is the Right Choice ? 3.The Future of Metaverse is Here 4.The First Metaverse Game on ZKTMETA Checkout their official twitter updates @zkTubeOfficial Technical Analysis 1.Breakout from 13-21-55 EMA and retesting the level and show's perfect time to enter. 2.Breakout from descending triangle and retesting shows momentum . 3. Etherscan shows major coin holder's are accumulating in dip. #ZKTMETA #ZKTUSDT #metaverse #blockchain
ZLong
by muhammedrashadkm
Why I believe Bitcoin is due for further correction?Hey Crypto Community! Following the UST/LUNA and related FUD events last week Bitcoin has dropped from $35,000 all the way down to $25,200. It has re-bounced back to $30,000 level on the following day and is currently trying to re-test significant resistance level of $30,000. It is important to monitor crypto markets tomorrow and see at which level Bitcoin weekly candle will close. Should Bitcoin price end its week below the $30,000 price level, there will be a high probability of downtrend continuation. Why I believe that we will see Bitcoin sliding towards lower levels? 1. RSI indicator on a weekly timeframe is still in a bearish divergence and has not reached the bottom of its oversold territory. 2. 200 Daily Moving Average has been a strong support level during the bear market and indication of Bitcoin bottom. Therefore, I expect Bitcoin price to go to its lower price levels. It looks like its due for another leg down and is very close near its capitulation. In my next idea I will be sharing few macro indicators that already signalling the beginning of Bitcoin capitulation and BUY zone. I will share the best Bitcoin BUY signals. Stay Crypto! Please don't forget to "Like" this idea and follow to see my updates and ideas.
BITFINEX:BTCUSD
by newbitcoinuser1
LUNA PONZI PLAYED OUT PERFECTLYThis LUNA chart that I charted back in February speaks for itself. Head & Shoulders target met, Diamond Top pattern hit. BTC dumped November, LUNA went onto pump and make ATH. The fake out is the best I have ever seen as I said in previous post. LET me be clear, I do not follow the news so I did not no what happened with LUNA until my girlfriend told me to check the charts when I was at work. I was not surprised because the charts show you the news before it happens days, weeks, months in advance. One ENTITY and one person making the moves is called a Composite, which makes this a centralised project (centralised finance). I hope this chart shows people to remove emotion and zoom out. NOT FINANCIAL ADVICE.
by UnknownUnicorn15453819
5
LUNA Daily Analysis 5.11.2022🔴 This coin with a 60$ billion market cap is moving towards zero with a 97% correction. 🟢Experience in the crypto market has shown that when the market is willing to pour, the word price floor does not have as much meaning as it does in the rising waves of the ceiling. So do not enter the purchase until the return pattern is seen in the currency in the hope that the currency is on the floor and do not risk your entire capital for a small profit. 💎Seeing the chart above, those who are familiar with the word loss limit and have strictly observed it will smile.
by Trader_Needs
4
$GAL/USDT 1h (#KuCoin) Descending channel breakoutProject Galaxy is the new Binance Launchpool and just regained 50MA support, looks ready for another leg-up! ⚡️⚡️ #GAL/USDT ⚡️⚡️ Exchanges: Binance, KuCoin Signal Type: Regular (Long) Current Price: 10.750 Entry Zone: 10.678 - 10.002 Take-Profit Targets: 1) 12.353 2) 14.375 3) 16.397 Stop Targets: 1) 8.582 Risk/Reward= 1:1.15 | 1:2.3 | 1:3.45 Expected Profit= +19.47% | +39.02% | +58.58% Possible Loss= -17.00% Fib. Retracement= 0.5 | 0.702 | 0.883 Margin Leverage= 1x Estimated Gain-time= 1 week Tags: #GALUSDT #Galaxy #Web3 #MVB #Oracle #Creation #DeFi #BSC Website: galaxy.eco Contracts: #ERC20 0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875 #BEP20 0xe4Cc45Bb5DBDA06dB6183E8bf016569f40497Aa5
GLong
by TradingOn
ETH/USD Daily Neutral BearishETH/USD Daily TA neutral with a bearish bias. Recommended ratio: 35% ETH, 65% cash. Price is currently retesting $2684 minor support after being rejected by the uptrend line from 01/22/22 at ~$2900 as resistance. Volume remains moderately low and has favored sellers in two consecutive sessions, if bulls can't defend this minor support then three consecutive seller dominant days is likely. Parabolic SAR flips bullish at $2960. RSI is currently trending sideways at 55.31 just above 36.91 support. Stochastic is on day 2 of being bearish and is breaking down below 46.76 resistance after briefly breaking out above it; it is currently trending down at 29.77 with no signs of trough formation and the next support (minor) is at 17.81. MACD remains bearish after a failed attempt at a bullish crossover and is currently retesting -90.80 support. ADX is currently trending up slightly at 26 as Price continue to see selling pressure, this is bearish. If Price is able to defend support at $2684, then the next likely target is a retest of $3000 resistance (which would also be the largest supply zone). However, if Price breaks down here, then it will likely retest $2544 support before potentially retesting $2408 minor support. Mental Stop Loss: (two consecutive closes above) $3000.
COINBASE:ETHUSD
by dailytaguy