hello guys. Let's analyze ETH! ✎ Current Price and Structure - Current Price: The current price of Ethereum is approximately $3,158.24. - Trend: The chart shows Ethereum in a descending parallel channel, indicating a bearish trend. ✎ Key Patterns - Double Bottom: At the lower end of the chart, a double bottom formation is seen around the $3,110 level....
Last weeks high: $61,431.5 Last weeks low: $54,288.74 Midpoint: $57,860.12 Last week BTC had a strong rally from the beginning of the week by printing the low in the first hour, and then closing at the weekly high at the very last hours on Sunday, a +13% climb over the 7 days. The Consumer Price Index (CPI) results came in very positive with a better than...
The CPI of June dropped significantly and performed better than expected. Coupled with Powell's dovish speeches on monetary policy in the House of Representatives and the Senate, the market has rekindled hopes of an interest rate cut. Judging from data available in the interest rate swap market, traders have begun pricing in the possibility of two interest rate...
Ethereum—some call it the silver of cryptocurrencies; obviously, Bitcoin is the gold. Anyway, continuing from the last ETH analysis, ETH is still moving in a wide ascending channel. Currently, ETH is oscillating in a triangle pattern that is sloped slightly upward. At the same time, there is a horizontal resistance/support area that acts like a magnet. Also, the...
It's been a while since I posted something on TradingView, mostly because there has been nothing going on for months now. However, I believe we are coming into a major pivot point for Bitcoin. In the past, when Bitcoin consolidates at previous all-time highs, it's a strong sign that we are entering a Bitcoin bull market. But this time, it seems, at least for now,...
Same as we said last week. Although BTC and ETH did not react as strongly as gold when the CPI was announced. However, during the weekend when trading activity was relatively weak, both BTC and ETH rose and bulls have maintained so far. Excellent CPI has shown that the date for interest rate cuts is gradually approaching. Funds will gradually flow from the US...
After the massive losses in June, Bitcoin has at the very least found a temporary bottom in July. In my view, this is nothing more than a temporary pause to let the long-term oscillators get less extreme. The most likely scenario will be that the Bear Flag pattern will play out over the next few weeks. This is a risky bet, since we're going to trade from the...
Ethereum has recovered from the lower boundary of the descending channel and is currently trading above $3,300. The next significant resistance level lies around $3,400. A break above this level could see ETH target the $3,600 mark. Support is strong at $2,950, which aligns with the previous consolidation zone and the lower boundary of the descending channel. A...
Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse from this level to the overlap support. Pivot: 3,277.65 1st Support: 3,064.76 1st Resistance: 3,357.92 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
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Based on the past view we had the price is now on liquidity range and what i see is a short term to gray zone which can guide price to next decides. - i'm short now, and I will provide an update regarding the next decisions and approvals.
hello guys... as you see eth made a flag pattern and broke it! after breaking it made a sharp movement and now another pattern under the name head and shoulders! the blue line area seems a potential area to get a long position! target is: $4631! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the...
Hello my friends. This is my ETHUSDT long setup for this week. I am waiting for entry on monday. Have a good weekend.
Using leverage when the markets are trading sideways/range is especially risky, since this is a prime place for algo trading to liquidate positions. Shakeouts are more common than you may think. The above example on the left is a perfect example of an extended shakeout over a multi-week period before the upwards price action starts. It is, however, important...
After touch all of targets, its time to have a little surfing to upwards, and maybe have better momentum to touch higher target after U.S. Producer Price Index rates news.
Yesterday, the U.S. CPI for June was released, showing that inflation has eased far beyond expectations. Gold rose, but US stocks and BTC fell. After Powell's dovish remarks, the improvement in CPI can be regarded as a turning point in macro policy. As we often say, we are on the way to a rate cut. We do not believe that the decline in US stocks and BTC...
Market Context: Ethereum CRYPTOCAP:ETH is expected to remain a strong trade in the coming weeks due to the ETF narrative. Two main factors support this belief: Institutional Inflows: Institutions are likely to provide seed money, ensuring strong flows into the ETH spot ETF. Reduced Selling Pressure: There will be less selling pressure from Grayscale’s ETHE...
Welcome to our weekly analysis of the cryptocurrency space. █ BTC/USDT The BTCUSDT chart shows Bitcoin trading within a descending channel, with recent price action bouncing off the lower boundary of this channel, indicating potential support around the $53,000 level. The RSI indicates bullish divergence, suggesting a possible trend reversal or a strong...