Price is rising towards the pivot and could potentially fall from this level to the overlap support. Pivot: 3,522.8 1st Support: 3,414.3 1st Resistance: 3,621.6 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 suitable for all...
#ETH weekly closed with hammer alike candle at 20 weeks MA. no game if weekly closed below 20 weeks MA @ 3400-3300. likely to re-test $3980. DYODD
Hey guys, yearly chart: bullish setup with targets around 435 and 577. (recent ATHs on closing base and by wick ) Quarterly: After a strong Q1 gain we see a trading back below 435 printing an inside bar... : bearish setup at a strong resistance level. Range of this quarter will be monitored closely on the 3D chart. Monthly: 4 Months of weakness - with the last...
In 12H time, it is moving in an ascending channel, which has had three reactions to the dynamic trigger or the bottom of the channel so far. 💎 Therefore, this trigger or ascending channel can be considered valid. However, it has had two negative reactions at the ceiling of the channel in the resistance range, which has not been able to stabilize above this...
Ethereum is currently testing a support level. It is crucial that this support holds to maintain the bullish outlook. The $3,800 level is a significant resistance level and a breakout above this level could signal further upward movement. Investors should monitor Ethereum closely to see if it maintains its support. A move above $3,800 could be a positive indicator...
If you haven't sold at the peak of ETH or entered during the buying opportunity: Now I believe Ethereum is likely to consolidate within the range defined by its 200-day and 50-day moving averages in the coming period. This consolidation phase suggests that Ethereum's price action will oscillate between these key technical levels, potentially indicating a period...
I've been watching this market unfold carefully and have been sitting in the sidelines in cash since $2800. The parallels to basically every bull trap post-bubble in all of crypto looks dead on to where we are at with the market. Not to mention overwhelming "to the moon" sentiment in all the ETH/Crypto subreddits. We still have yet to hit true capitulation and...
Many see this ETH/BTC price ratio as the ignition for the Alt Season Price is flerting with a long multi-year resistence, since 2021! A strong break out here will signal the so waited Alt Season, but first there must be a retest of the lowest purple line, the Beam Band bottom line Also here, we are still waiting for a local bottom blue tag from Hodlfire...
🔍 Technical analysis: Corrective leg C scenario - In the weekly time frame, wave 5 continued up to the 2.618 Fibo area. -After that, it entered a combined cycle correction. According to the selling pressure candle in the supply area in time 1W, it can be considered that the upward corrective wave B has ended. - In the analysis of the previous post, the...
I think we'll have to wait until August before we start to see some growth. If we try to roughly estimate how many days the fall of all cryptocurrencies might last, we should remember that in August, the Ethereum ETF from Blackrock and Fidelity will be approved.
Hello everyone, here's a quick review of the situation on ETH in pair with USDT on a one-day time frame. as you can see, we are moving in a triangle. To determine support zones, we will use the Fib Retracement grid, thanks to which we have a visible zone from $3,254 to $3,056, but when the price breaks out of it, we still have support at $2,819. ...
🔍 Technical analysis: Head and shoulders pattern scenario - It is moving in a medium-term ascending channel. - But now, due to the structural correction, it is moving in a short-term downward channel. - Currently, due to the breakdown of the structure and the downward slope, as well as the movement in a short-term downward channel, it can continue with the...
Market Context: ETH has shown strong performance against BTC, attempting to break a significant monthly downtrend on the ETH/BTC chart. This potential breakout could lead to a substantial bullish move for ETH. Against USD, ETH is at a major resistance band around $3,500. A break above this level could attract more bullish interest. Key support levels to watch for...
As seen on the chart, ETH has been trading alongside two strong bullish supports over the course of the last two years. Personally, I'm waiting for a better entry before considering a near-term long swing entry, trade is on the chart. These supports have historically held strong, so chances are that they will continue to do so. Keeping the TP close to reduce...
EOS is looking sweet after forming 2 double bottom zones and getting rejected by that neckline/resistance zone, which now has pushed the price back to lower zones. We are looking for steady and steep pressure from sellers from now on, which would result in a movement to the zone of liquidity and a break of that zone there as well! Swallow Team
#eth / #btc pair rallied in last 2 months period and needs to rest i think. A bearish divergence is formed in #ethereum against #bitcoin chart. Retrace to red box is necessary. Breaking up the channel with huge volume is the invalidation of divergence. Not financial advice.
Disclaimer: this analysis is based on two previous occurrences in a vastly different macro market and solely based on time. Although it's not likely that the analysis will play out exactly as shown, it's still a fun thought to consider. In this analysis I want to shed some light on DOGE's previous price action and compare it to the current market. In the...
Ascending Channel: The chart shows Ethereum moving within an ascending channel, which generally indicates a bullish trend. The price recently broke below the ascending channel, suggesting a potential correction. Support and Resistance Levels: Support levels are identified around 3,300 and 3,200 USDT. Resistance levels are around 3,400 and 3,600 USDT. ...