ETH-BTC
We are expected to return to 3500, we are going higherTo date, the market has reached another turning point, let's look at further prospects. The goal of returning above 3500 on the air was successfully fulfilled against the background of the opening of the quarterly candle above the level, however, the second half of the quarter opened in a negative zone, which will support sellers as they approach the end of the quarter and everywhere above 3500. At the moment, sales from 3750 were successfully bought off on Thursday, because at the moment they are premature. With the opening of a new monthly candle, sellers' activity will increase against the background of the opening of the second half of the quarter below 3000, which will lead to increased volatility and market disruptions.
Today, the probability of continued growth prevails in two scenarios. The opening of a new month in the range of 3500-3750 will allow testing 4500-4750 in the current quarter, from where a significant pullback is most likely up to a retest of 3000. In a more optimistic scenario, the new month will open above 4100, which will allow stable growth to continue until the 5000-5250 test. A significant cancellation of purchases and a market drawdown can be expected only at the opening of a new month below 3400, for which there are not yet sufficient arguments.
Since the last week of the month for the tops opened above key levels, which gives a consolidation of growth and a high probability of maintaining purchases until the end of the quarter, active purchases on many altos can be expected this week with continued growth in the new month.
So far, vib remains the most suitable tool for investing in the average market, with a growth potential of up to 0.150-175 at least and up to 0.25-50 in the case of an increase in ether to 4500. The main threshold level for accelerating purchases remains 0.1.
OAX continues to show good volatility with growth waves of 20-40%. The growth potential remains at least 0.35 retest, which gives reason to maintain volatility with a further trend.
Weaker projects are also interesting for scalping, but they are in an extremely oversold position, such as ooki pros and cvp with a growth potential of up to 150% from current levels.
While maintaining positive dynamics in the tops, epx for and vgx can show growth of up to 30-50% from current levels.
ETH ETF Approval and Consensus 2024Congratulations to all holding ETH and all in crypto as a whole! This past week has been MASSIVE for legislation in the field. This ETF approval shocked me- I figured it'd happen just not so soon. Turns out crypto is going to get more and more intersected with politics as time moves on from here on out...
As for ETH's price and the market, I am basing my analysis on how the BTC affected its price. It's also worth mentioning that we don't know yet when the ETH ETF will begin trading. Hong Kong's ETH ETF has not been remotely as successful as BTC, but I am optimistic on how ETH will perform here in the US. Regardless, I like many others agree the ETH ETF won't be remotely as popular as the BTC one has been. To be honest, I never really ever thought the ETH ETF was that important for its success anyways- but this approval legitimizes the asset and the entire digital asset space as a whole. I'd argue this legitimization is even more important than the inflows will be.
My prediction is a copy+paste of the price action of BTC after the ETF approval. Maybe we dump for a little bit more and then run up? I could see Consensus 2024 maybe speeding up this process- that convention starts on May 29. Crypto generally does well at the end of May every year, so I'm optimistic that maybe this goes up way quicker than I am expecting.
Good luck everyone! This has been a fantastic 2024 so far, and the trend is on our side.
Ethereum's Drop: Is $2500 Still in Sight?I mentioned in the previous video that we might see a drop in the price of Ethereum as the ETH/BTC pair breaks lower due to liquidity being drawn to Bitcoin.
We have observed a relief rally towards the 20 EMA, following the breakdown of the ETH/BTC pair, while still respecting the 20 EMA.
Based on the previous cycle in 2019, we saw something similar as ETH/BTC broke down the support. ETH/USD retraced towards the 20EMA before dropping about 30%, so we could have something similar play out.
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$TURBO Token - Breakout incoming?!1. Price Trends : Over the past 24 hours, the OKX:TURBOUSDT Token has seen a significant price increase of > 25%. This suggests a strong bullish sentiment in the short term. Over the last week, the price has risen by > 45%, indicating a positive trend over the past few days.
2. Trading Volume : The 24-hour trading volume for OKX:TURBOUSDT is > $30 Million USD, which is a healthy volume that reflects active trading interest in the token.
3. Market Cap : The market capitalization of OKX:TURBOUSDT is > $100 Million USD. This places OKX:TURBOUSDT at a relatively lower market cap compared to some other tokens, potentially indicating room for growth.
5. Community and Sentiment : The OKX:TURBOUSDT community seems to be quite active and bullish on the token's prospects. Tweets and discussions about MYX:TURBO often mention its potential for growth and the strong community backing it.
In conclusion, the OKX:TURBOUSDT Token has shown significant price appreciation in the short term and has a relatively low market cap, which could indicate potential for growth.
New momentum on ookiAgainst the background of attempts to restore ether to 3250-3500 before the middle of the quarter, in addition to vib, ooki also looks interesting, which has repeatedly pleased with profits. There is a fairly high probability of an impulse to open a new quarter above 0.0035. If this scenario is successfully implemented, an opportunity will open for a trend towards the 0.0050-75 range, which is the main target in the mid-range.
In addition to vib and ooki, pros and cvp are currently interesting for scalping.
New attempts to grow to 3500 before the middle of the quarterWe are very close to the change of the next month, it's time to once again weigh the prospects of the market. Due to the negative opening of the second half of the month, the market remains sluggish, but the target for the 3500 retest with an attempt to reach 4500 on the air remains relevant throughout the quarter due to its opening above 3500. New waves of growth with local interruptions can be expected from the current retest 3000. The most optimistic scenario is to take 3500 today or tomorrow and open a new monthly candle higher. In this case, we will receive a signal for stable growth with a view to moving on this quarter. Tomorrow's statistics on the United States and Europe will play an important role. In a more negative scenario, the new month will open below 3250, which will lead to continued growth on the weekly chart and make the range 3500-3750 a strong resistance. This will increase the probability of a flat for at least a few weeks. Due to the opening level of the current quarter and year, so far there are no reasons for stable sales below 2,900. The most important factor determining the further dynamics for the summer will be the opening level of the second half of the quarter.
To date, I am still considering the most oversold coins with the highest possible unprocessed goals, such as vib ooki pros oax, because they left technical signals for overshooting with an increase of up to 200% from current levels. Vib and oax are more dynamic due to the presence of a pair to btc. At the same time, Vib is more reliable fundamentally for saving funds in the medium term and has signals paired with btc up to 10X.
According to oax, a local overshoot has been left, then the probability of a new hike to the 0.175-190 test prevails before the 0.35 growth wave. At the opening of the month on the ether above 3500, we can expect continued growth for the 0.35 test in a row.
According to vib, 0.095 is a strong support and there is a possibility of a smooth increase to 0.125 with a further sharp increase in volatility to 0.150-175, regardless of the dynamics of the ether. At the opening of the month on the ether below 3500, there is a possibility of an additional short-term test up to 0.0910-925 with further elaboration of the same growth scenario.
Ooki and pros are more low-liquid, so the growth can be quite smooth. According to pros, the main goal is to recover to 0.55 with further impulses for the 0.75 test. Ooki is usually traded in pulses similar to fantokens, therefore, at the next attempt to grow ether, we can see a breakdown immediately to 0.0050-75 with a stable consolidation above 0.0025, which is the main support for the growth of volatility.
With the current dynamics of the market and the end of the shopping season in April, I am not in a hurry to expand the list of coins for work, since the largest part of the market may continue to fall smoothly for several months. I will consider new coins for work after determining the opening level of the second half of the quarter, where further market dynamics for the beginning of summer will become more predictable.
ETH/BTC very important moment#eth / #btc pair has lost the trend line support with this month's dump and now trying to reclaim the bull triangle. Claiming the trend will be favorable for #ethereum but this is also a bearish retest. If #ethbtc price declines hard here, this will be greatly unfavorable.
Not financial advice.
ETHBTC - Potential ScenarioCurrently on a sideway trend support which started since May 2021.
I see two likely scenarios;
1- Going further down to the green support line which is almost a 3 year support. There seems to be a good crossing point of three different supports which I tagged with a price label. It could touch there one last time before starting its new run.
2- Bounce up from the current sideway trend support till the resistance of the trend and potentially break out as a C&H pattern.
Indicators are still bearish; Stoch RSI almost oversold, Lark Laguerre RSI looking down, Macd crossed down.
So therefore I suspect the Scenario NO.1 as more likely until indicators show a sign of upside potential.
The trend of the new quarter continues to swingTo date, the trend of the new quarterly candle is swinging and the market is still quite sleepy. Coin rollbacks continue, which can reach 30-40%, as I wrote earlier. The quarter opened above 3600 on the air, which in the future gives a technical signal for an attempt to continue the medium-term trend up to the 4500 test. Due to the positive opening of the quarter, the first wave of pullback has been successfully bought off and there is a possibility of an attempt to move over this week if the level of 3500 is held today. At least on the attempt of this movement, individual coins can give a reversal of the weekly candle with a local overshoot. If a new week opens above 3750, we can expect a confident momentum towards 4250-4500. With a rebound from 3750, there is a high probability of a new wave of sales in the area of 3100-3250, but also with further payback for an attempt to move, thanks to the opening of the quarter above 3600.
Against the background of payoffs in the second half of this and next week, there is a possibility of significant work on individual coins. So far, I am focusing on vib, which is more fundamentally reliable among oversold coins and has goals for 0.25+, pros and ooki, which left without retest, have successfully compensated for the market pullback and have goals for the test of 0.75 and 0.0075, respectively.
vib is aimed at the hay testThis week we are passing the middle of the month and it is time for attempts to turn monthly candlesticks into bullish ones for individual coins. VIB still has extremely high potential with medium-term goals up to the 0.25 test. Today, the momentum for the month's reversal immediately passed, but these are only the first investments for the upcoming trend. On the weekly chart, according to the indicators, we remain in a bullish trend for a long time, which will support growth. The main technical signal is the left overshoots on the weekly and monthly charts. Also, in addition, the ground for breakouts will be created by general attempts to grow the market for a turn of the month by tops. Sales continue for the first half of the week based on the inertia of last week, but more active purchases can be expected from the middle of the week. The reason for the growth will also be the weakening of the dollar against the background of events in the Middle East, which I also expect from the second half of the week. The main area of the set of positions for vib today is the range 0.085-90. With an optimistic scenario and the implementation of a reversal already this week, there is a high probability that the month will end before the end of April. With a negative market, the trend will be smoother, with the 0.15 test already in the new monthly candle.
Oax pros and ooki have similar potential, which today I primarily consider to work as the most oversold coins with the highest unprocessed goals. Pros and ooki are less volatile due to the lack of a pair to btc. According to oax, we can expect at least a retest of 0.35, according to pros, a return to the bullish trend followed by a test of 0.75, according to ooki, the target on the retest is 0.0050-75.
LTCN About To Print MillionairesHello everyone, I figured I would do an updated chart on LTCN. My previous chart played out as predicted so far.
So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle pattern on a higher degree of trend. If this larger cup and handle plays out then I can see LTCN hitting all time highs and probably breaking through into price discovery where we could see $1000 + LTCN. For this to happen then the native Litecoin cryptocurrency would have to be into the thousands of dollars. Either we are all crazy or Litecoin crypto is about to print bigger millionaires. Hold onto your hats folks, things are about to get interesting. Good luck out there.
This is just my opinion, none of this should be considered financial advice in any way.
Profit up to 100% on VIBAfter the rollback of the new quarterly candle, the time for the continuation of the trend for individual coins from the second half of the month is approaching. In the upcoming run, vib looks interesting, which is well suited for storing free funds in the medium term. The main target is the 0.25 level. Technical signals for a trend up to 10X from current levels were previously left in a pair with BTC. Unfortunately, we could not open the quarter above 0.125, which would provide a fast trend to 0.25+, but opening above 0.11 gives a signal for the trend to continue at a slower pace, therefore, after drawing the shadow on a new quarterly candle this week, we can expect a return above the formed trend line and an attempt to grow to 0.25 if successful taking 0.125. Given the candlestick pattern on the weekly chart, with a move on the last weekly candle, in case of a new move this week, we will get the opportunity for a stable trend until the end of the month. After waves of 35-40%, at the moment there is a good opportunity to take up to 100%.
In addition to vib, I also expect new HAI from pros and ooki in the current quarter.
NEOUSDT 1W LONG📈Hi all. Timeframe 1 week. NEOUSDT, after a decline, is in accumulation with increased volumes. Fractal of past decline and accumulation, and subsequent growth. I’m considering recruitment to the spot now, with a possible addition from the green zone. Also long during breakout/retest. Let me remind you that the entry at the retest is the safest, but it may not be there if there is a strong exit from the accumulation. It all depends on your trading strategy. Marked goals and levels on the chart.
📈Ethereum/BTC Analysis: Potential Shifts in DeFi Dominance🚨🔍Today, we're analyzing Ethereum/BTC in the weekly timeframe, crucial for understanding Ethereum's position relative to Bitcoin, especially amid the DeFi landscape where Ethereum plays a significant role.
💎Towards the end of 2021, ETH/BTC encountered resistance at 0.08511 and has since been undergoing correction. Upon plotting the Fibonacci retracement, we observed a bounce at the 0.382 level, signaling a possible continuation. However, failure to breach the previous high suggests dwindling buyer strength, potentially leading to downward pressure if sellers enter the market.
🔒Simultaneously, we notice a trendline resistance restraining the price, indicating that price has yet to gather enough momentum to break above it.
📊Examining volume since mid-2023, it appears to be in a range-bound state. However, short-term analysis shows decreasing red candle volume as we approach support at 0.05061. We need to observe if a break of this support correlates with a significant increase in volume.
💥RSI oscillator is currently hovering around support at 39.87. A candle closing below both price and RSI support levels could signal the beginning of a new downward trend.
❌Finally, it's essential to note that the current support level we are testing is critical for the vitality of this chart. If breached, Ethereum may underperform Bitcoin, especially during corrections. Therefore, it's unlikely that the Ethereum community, particularly heavy ETH holders, would allow this support to falter easily.
we continue to earn on OAXTo date, after a wave of growth of 150%, I have returned to OAX support, and therefore, continuing to follow the plan, I moved into it with the aim of retesting at least the 0.35-40 range in the current monthly candle. After re-entering above 0.25-26, a sharp acceleration in growth can be expected.
I am also considering mainly proc oki vib for work, for the rest of the coins there is a possibility of a deeper rollback. There are also positions on atm and asr that are only flying by 30-50% so far, but have not shown significant growth, the potential for a test of 7.5-11$ remains with the overall growth of the market, but fantokens are low-liquid, often give good profits, but after a long accumulation, it is worth being careful with the size of the position on them.
Ooki is preparing another giftToday, the rolled-back ooki is becoming promising again. The token failed to open a quarter above 0.005 for a technical signal to go to 0.0075-100, but opening above 0.004 makes it possible to continue flat in the range of 0.004-6 with an attempt to gain a stable foothold above 0.005 eventually. With the overall growth of the market, there is a possibility of a sharp return to the trend with an attempt to overshoot. In the event of a further pullback in the market, the ooki trend may repeat the picture of the previous month with numerous opportunities for scalping. On average, the growth potential is 50-150% from current levels. The main area of the set of positions at the moment is 0.00325-375.
Today, vib with a breakdown potential up to 0.25 and pros with a test target of 0.75 are also interesting.
ETHBTC at a cycle bottomBINANCE:ETHBTC appears to be reaching a cycle bottom. Sentiment is quite sour (and for good reason). But has things really changed? Just seems like a typical decline while Monthly RSI as at the same level as 2019 with very similar timeframes. Total value locked in DeFi is increasing. Volume is picking up while DEFI dominance is steady, i call that bullish divergence.
Bitcoin Breakout Soon (April-May 2024)I'm fairly certain we are about to have a BTC breakout. Bulls have successfully defended $60k for ~2 weeks now and we are about to move into (arguably) the two most important BTC and crypto months of all 2024. The halving is coming up. ETH ETF decision should bring some volatility- despite approval or not. The past 2 weeks have been an incredibly healthy correction from the run up to the ATH.
Do I think it's possible we break down to $59-$56k? Yes. But in this scenario I imagine it being fueled by FUD and will be bought back up fairly quick. If this scenario plays out, just based on overall current sentiment, I could see investors viewing this as incredibly bullish and we continue on with this cycle's uptrend.
There is a chance we continue to chop/crab for a bit longer- but I would guess that only lasts 1-2 more weeks at best. As we get closer to the Halvening, I find it incredibly unlikely we see a big sell off. This is not an uncommon opinion- I think many reading this would agree with me. Could we go up and see a bit of uncertainty as the Halvening date crosses? Of course. But based on the current trend, sentiment, and overall blockchain/crypto ecosystem, I don't see how we continue downwards through April and May. I see loads of potential in these next two months.
Good luck traders! But even more luck to the HODLers!
ETHBTC About to take off. Ethereum expected to gain massively.It has been more than 5 months (October 07 2023, see chart below) since we last published our view on the ETHBTC pair, when we discussed that the 2022/ 2023 Channel Down was a matter of time to reverse as soon as it would hit the Higher Lows trend-line of 2019:
As you can see, the pair started to trend upwards after touching the Higher Lows trend-line on the week of December 18 2023, posting a series of Higher Highs and Higher Lows. The fact that the 1W RSI became oversold below 30.00 and then started trending upwards on Higher Lows, is a clear sign that the pair bottomed, similar to the bottom of September 02 2019.
What followed then was a break above the 1W MA50 (blue trend-line) and then a sustainable series of Higher Highs and Higher Lows until the 1W MA200 (orange trend-line) broke also and turned parabolic.
For now we have had 2 rejections on the 1W MA50, so in our view that is the confirmation signal. As soon as the price breaks above it, we expect ETHBTC to first target the bottom of the 3-year Resistance Zone at 0.08300 and then conclude the Bull Cycle marginally above the 1.5 Fibonacci level, but we will maintain Target 2 there at 0.1200.
Bottom line: Ethereum is expected to gain massively against Bitcoin over the next 12 months.
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