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Downtrend

ETH IN THE WILD: NAVIGATING A BEARISH JUNGLEHey there, crypto enthusiasts! Let's dive into the world of Ethereum (ETH) with a focus on the weekly analysis. Brace yourselves, because it's been a bit of a rollercoaster ride recently. So, the trend I'm seeing is leaning towards the bearish side. It's like trying to climb a mountain while wearing flip-flops – not the easiest journey. First up, Ethereum has been struggling to break above a significant resistance level. Think of it as trying to open a stubborn jar of pickles – you twist and turn, but it just won't budge. This resistance has been a real roadblock for Ethereum's price, and until we conquer it, we might be in for some tough times. On the flip side, we've been testing support levels. It's like walking on a tightrope – one wrong step, and we could fall. Testing support means we're checking if there's a solid floor beneath us to prevent a free fall. It's a crucial level to watch. Now, let's talk about my indicator. It's been flashing some sell signals lately, and that's like a red flag waving in front of us. These signals suggest that the bears might be taking the reins, and that's something we can't ignore. But wait, there's more! The EMA 100 (Exponential Moving Average with a 100-period setting) has been giving us the cold shoulder. It's like getting rejected at the door of a fancy party – not fun. This rejection from the EMA 100 adds to the bearish sentiment. However, there's a glimmer of hope. I've spotted a potential double bottom formation after breaking the support. It's like finding your lost keys just when you thought they were gone forever. This could signal a potential reversal, but we'll need to keep a close eye on it to see if it holds. In a nutshell, Ethereum is navigating through a bearish scenario right now. We're wrestling with resistance, testing support, and my trusty indicator is cautioning us. The rejection from the EMA 100 stings a bit, but that possible double bottom might just be the silver lining we're looking for. As always, the crypto market is full of surprises, so stay vigilant and trade wisely.
BINANCE:ETHUSDShort
by sailortrades
EUR/USD: Potential Short Trading OpportunityEUR/USD Daily EUR/USD tested the 200-Day Moving Average at 1.0802 on Wednesday. Our team expect the pair to remain under pressure, because: - The SuperTrend Indicator shows strong downtrend - The price is below the psychological zone 1.0900 and the resistance level 1.0930 SUGGESTED TRADE: SELL EUR/USD - If the price close under the 200-Day Moving Average and under the psychological zone 1.0800 - SELL EUR/USD ENTRY - around 1.0780 after daily candle close under the 200-Day Moving Average and 1.0800 SL - 1.0940 TP1 - 1.0645 TP2 - 1.0533 Client Sentiment: Retail trader data shows 61% of traders are net-long. We typically take a contrarian view to crowd client sentiment, and the fact traders are net-long suggests EUR/USD prices may continue to fall. Traders are further net-long than the last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias. Please, Support Our Work with Like & Comment! Thank You!
Short
by ForexWithTsanev
Bitcoin Potential Bounce at 27400 then falling to 20-22KMy previous posts were showing the scenarios of a fall to 29500 then 28500 then 25000. So we are on the 25K side, and I told we will need a further analysis to know what to expect. so here is a speculative first one: From my humble perspective, I'd say bears took the command since last week, I can see that from my weekly chart finally. So I doubt we will see price reaching or ranging around 30K yet. Much like a diver who propels skyward before their exhilarating plunge, Bitcoin's trajectory seems to echo this pattern. Anticipate an upward bounce toward the resistance level of 27,400, akin to the diver's swift climb. After reaching 27,400, we may see a fall to a range of 20,000 to 22,000. Time will tell. Don't take my work for granted, do your own analysis, analyze again then take your own decision to trade or not. PS: I've been deceived by the way bears refrained the price to climb above 32K, since in my early post a scenario to climb to 49K was possible, but the charts is saying something different now. So the overall sentiment is more and more BEARISH for me.
Short
by TradeWithAtemak
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