Ethereum (ETHUSD) traded exactly the way we wanted it last time we looked at it (January 09, see chart below) At the moment, the price is trading below the 1D MA50 (blue trend-line), having recovered the 1D MA100 (green trend-line) on what was a bottom on the 6-month Bullish Megaphone. This Higher Low was almost priced on the 0.382 Fibonacci level. That is...
#bitcoin price now testing the 1D ichimoku cloud resistance and also newly claimed 4H cloud. With 59K dip, #btc surged a bullish inverted head and shoulder pattern and bounced well. Now, upper orange box is the deadly resistance zone. Why? Because, #btcusd formed a wedge for 2 months, price breakdown the triangle and now hanging below the triangle. If ...
Bitcoin is hinting at a consolidation phase above the key resistance area. Should it decisively break the prevailing downtrend line, we're looking at a potential upward journey towards the next significant order block zone. Keep a close eye on the breakout to confirm the bullish momentum.
Due to the slowing of the drop slope, and a bullish CH on the chart and the creation of liquidity pools at the top of the chart, as well as the presence of IFC movements, it is expected that if the green range is maintained, ETH will move towards the targets. The targets are clear on the chart. Closing a daily candle above the invalidation level will violate the...
I mean, yes. But it is low probability that it happens or even happens as shown. So the reason for the projection line, is to show how it "could" dip into the buy zone and potentially below allowing for a spring. It doesn't need to happen this way, but essentially these low price targets hitting would be good for an upside move. There are two short term...
I would like to see the ETH even lower. Indicators and the chart indicate a possible decline. Now we are seeing a reaction to H1 BPR.
Hi folks today I'm prepared for you Ethereum analytics. A not long time ago price reached a resistance level, which coincided with the resistance zone, and soon broke it, after which continued to move up. In a short time later, ETH rose to the trend line and then turned around, after which price started to decline near this line. Ethereum soon declined to the 3310...
#MATIC #POLYGON 's long term bearish channel continues.Tried a fake out 1 month ago but the price 1.30 #usdt declined at top of the channel.With this weakening, retraces to mid of the channel is necessary, this means at least 1/2 of the price.If news emerge and break 1 #usd again, that is the invalidation of this scenario. Not financial advice.
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Crypto Analysis (21st April 2024) ETHUSD Analysis On the 4 hour Timeframe, Price action is currently retracing into a FVG which created a Change of character before attempting to break a lower low and failing. If price action respects the FVG or the OB on the 4 hour timeframe and create a change of character at the 3021.30 Level price action is more...
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Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price started to trades in flat, where it in a short time rose to resistance level, which coincided with resistance area. Then price made little correction and soon backed up to resistance area, but later declined to bottom part of flat. ETH made an...
#ethereum #eth price may test the previous major support (currently the resistance), declination will be corrective. Not financial advice.
Sure, here's a concise explanation of demand and supply trading in four points: 1. **Identification of Supply and Demand Zones**: Traders analyze price charts to identify areas where supply and demand imbalances occur. Supply zones are where there's an excess of sellers, causing prices to fall, while demand zones are where there's an excess of buyers, leading to...
ARB broke through the ascending trendline after the failed attempt to break through the resistance level. A decline to $0.92 is expected to happen
ETH made it's way back to the uptrend line on ETH/BTC. Likely a good opportunity to buy ETH.
Currently 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...