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Downside

ETH is DEAD 2023!!!Ethereum price analysis shows a downward trend. ETH has retreated from its two-day high of $1,219. ETH is consolidating above $1,200, with a bearish tilt. According to a recent Ethereum price analysis, the price of ETH has been bouncing in a very narrow range over the last few weeks. Ethereum has had a minor reversal today after a two-day run that saw the cryptocurrency briefly rally near $1,250 resistance. Over the last two weeks, the price of Ethereum has been fluctuating in a band between $1,200 and $1,250. The bulls have failed to clear the critical barrier at $1,250 convincingly, and ETH/USD may potentially fall toward the $1,150 support level. The overall market mood continues to be pessimistic, with ETH slipping below the 20-day moving average. Ethereum is currently at $1,209.94, a 0.75 percent decrease from its two-day high of $1,219. The bulls must defend the $1,170-$1,180 support zone to commence a new rally toward $1,250. A strong close below $1,170 may pave the way for a further slide toward the 50-day and 100-day moving averages, which are both at $1,100. The bulls must break above $1,250 to initiate a new rise in ETH/USD. Ethereum price analysis on a daily chart reveals that ETH has been consolidating in a range above the $1,200 support. However, it has dropped out of the content in the last few hours. If the bears can sustain the price below $1,170, a more significant drop toward $1,100 is likely. To begin a new upward trend, Ethereum must break over the $1,220 barrier. The overall market attitude is adverse, and bulls must generate momentum above $1,200 and $1,220 to sustain the price above essential supports. On the 4-hour chart, the Relative Strength Index is below 50, indicating a bearish trend in ETH/USD. The MACD is also in the negative area, implying that ETH will suffer further losses in the short term. Conclusion of Ethereum price analysis Finally, Ethereum price analysis indicates that ETH/USD may continue erratic and range-bound until it finds a definite direction. On the downside, if the bears can break through the $1,170 support level, a larger drop toward $1,100 is likely. On the plus side, the bulls require to break above $1,220 and $1,250 levels to start a fresh increase.
BINANCEUS:ETHUSDLong
by DEinvestment
3
Bitcoin HTF overview - more downside$BTC basically at the 2017 high right now. Should be strong support. But looking at this 1W HTF chart I can't help but see more downside potential. Seems very counterintuitive to look at this chart and conclude the lows are in, imo. Notice the increase in volume as price continues to drop. And looking at the volume profile, and the visible gap, I don't think a drop to 13k would be unrealistic before the next bull market (2024?). One thing I wonder, looking at that POC, is if 9k would happen at one point. Could be a very quick move. Not a bad idea to set a buy order imo, just in case.
by mapav
2
Bull week into CPI ??Hey guys, As Silver is holding above the green line outlined in the previous post and the Us100 has a bullish divergence on the RSI in the 1 hour timeframe I believe we will see a good start to Feb but unless something fundamentally changes in the world economy with Inflation / Fed policy the market will fall from this bounce. This is also backed by seasonality of the markets into FEB/MARCH and also a bad January has led into a bad February 70% of the time over the last 60 years. So with that in mind I have my eyes on the 10yr and 2 yr yields, silver and the CPI coming out Friday to show me when and if this analysis plays out, if we get and inverted yield curve, silver breaks to the downside and/or CPI still hot then the market has its catalyst to fall.
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by jackwheeler
$JKS Head & Shoulders - Downside Incoming?Looking at this Head and Shoulders pattern from mid August to present, also note the double top in last July and November. Solar sector as a whole is getting beat up everywhere at the moment, and it feels like the writing is on the wall here for $JKS Their earnings are coming up at the start of March, so I feel there is a danger we catch a little bounce here and consolidate 'til then. However - the setup is here, and I don't want to miss it I don't really want to see price back above $41. In fact, ideal situation tomorrow is that we get a little upwards move on the market early in the day, and I can find an good entry for a put position whilst price is above $40, with $41 as the stop. If price needs to consolidate and range a little whilst the Market digests this week's upcoming big earnings, then above $41 I don't wanna be involved in the decision making, and would rather take the trade on the breakdown rather than in anticipation if that ends up being the case. I'm going to be going for March expiry , and I'm going to be going ITM for the main swing position. If we get clear breakdown below $39.00 with conviction then I might day trade weeklies simultaneously and just zone in on $JKS all week. I'd like the flexibility of letting the swing position run and breathe (whilst trend remains) and trying to take scalps/day trades on weeklies. I've recently had great initial put entries on MTTR, FCEL, and back a little while longer ago on BNED - and each time I didn't show enough patience to hold my puts through long enough and I didn't capitalise nearly as much as I should have on these massive downward runs No distinct concrete target, but I'd like at least $36.00 and even down to $32.00 I don't think is out of realm of possibility. I think anywhere below that we'll have to be on alert for a bounce around $30 region. But we'll play it as it comes. Hoping to nail this one. But willing to be wrong . Will add to this post tomorrow if I take an entry, with what I bought, when I bought, and for what price. *this is not Financial Advice, and is merely my opinion and idea*
NYSE:JKSShort
by llbtrader5
6