Breaking Down Ethereum’s Price Surge: Will It Skyrocket or Face Another Decline?
In the ever-volatile world of cryptocurrency, Ethereum (ETH) is currently showcasing signs of recovery after a recent dip below the $2,150 level. The downward momentum seems to have halted as ETH rebounds from the $2,120 support. As the bulls charge forward, the key question on...
Just check it out, massive point for NASDAQ:RIOT to break out and rip, paired w/ the halving we are def in for a ride so lets see if it can break this channel and really kick it upwards.
BTC has been consolidating for over a week at this point. Some form of consolidation was to be expected after the massive move from 36.7k to 44.7k.
To me, it looks like BTC is bouncing off the bottom support yet again. This support has been holding for over 3 weeks now and was due to be retested.
I'm waiting for the price to reach above 42.2k to confirm the...
It appears as though Ethereum has broken the horizontal resistance of an Ascending Triangle or Bearish Pennant....
ideally we want to see the old resistance turn into new support, I do not expect that to happen.
A re-test of the upward sloping support of the pattern is like to occur.
Thoughts on THETA are this:
- Swing failure double top weakness led to this correction (and H&S pattern at the top)
- Currently fighting to maintain current local s/r level
- 618 fib below is next area of interest if current s/r is lost
- want to see a sweep of the local leg's low then swift reaction/buy-back
Time will tell if the market allows this trade, ...
🔥SNX is the top gainer and grow for 2 months straight. Now the chart shows that SNX doesn't have enough power for the futher growth. Only the breakout of the channel and test it as the support will confirms the bull power.
Possible that price can fall to the middle of the channel. I think that it will be a good entry point in long. You need to pay attention on...
Traders,
Sorry for the infrequent posts lately. I have been feeling under the weather. But TBH, it was good timing. As stated in my previous post, I expected alts to draw back 10-15% or more pending indications. So far, I think it's safe to say we've had our 10-15% pullback. Now, the question remains, will that steep ascending TL I talked about seeing on all of...
Hello everyone, let's take a look at the ETH to USDT chart, on a one-hour time frame. As you can see, the price is moving below the local downtrend line.
Let's start by determining the support line and, as you can see, the first support is at the level of $2,092, and then it is worth defining a strong support zone from $2,005 to $1,959.
Looking the other way,...
ETH is nicely following my plan. Price touched my resistance level and dropped. To complete my main ideas we just need a little retest of the main trendline, that means a bounce from here. I will not enter long, because my plan is to short the bounce at trendline
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Hello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price a few days ago price declined to mirror line, thereby breaking the support level, which coincided with the buyer zone. But later ETH rebounded from this line and in a short time rose higher than the 2070 level, breaking it again. Next, the price...
Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Technical: The ETH chart is currently forming a downward channel. Perhaps we will see confirmation of the lower border of 2080 in the future, and the 0.618 zone looks like a magnet for the price.
So I advise you to be careful with...
Bitcoin is showing some weakness at the start of the day, with the price heading back towards the $40K zone.
As our major target are those lower zones (in order to grab all the liquidity there), we are also looking at a potential re-test to the $45,000 zone before that final major drop! Eyes open for sure and not rushing much into "FOMO" mode of missing that...
CRYPTOCAP:ETH is breaking down at the moment.
Currently, it is testing the Green Moving Avg support area.
#ETH has NOT traded under the Green average since Oct 23.
RSI doesn't look very good but it also looked strong before & didn't pump much. So it may weaken but reverse. We'll see.
Weekly does show hope HOWEVER, #Ethereum may get a lil ugly before it gets better.
CRYPTOCAP:BTC hasn't traded under the RED Moving avg much since breaking above it in Oct of 2023.
We did warn on weakening RSI a few times.
Weekly, #BTC looks very similar to #ethereum.
However, unlike #ETH, it's finally getting out of OVERBOUGHT territory.
Might get lil ugly before it gets better.
#bitcoin does have a history of falling big once leaving...
Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- 4-hour chart, things become a little more tricky. The price has been reacting precisely to the depicted bullish trendline over the past few weeks.
it is currently falling toward the trendline once more. While traders can expect another rebound from this level, there is also a...
FWB:PEPE
Here is what I currently see on this meme coin:
1) Accumulation (yellow) powered the move to break out of the first major resistance level and that area is now smoke in mirrors
2) Reclaim of a second major resistance level that price consolidated at for quite some time with high regard and next to zero deviations below it
3) Reclaim of 100 EMA
4)...
