The key is whether it can be supported and rise near 3644.71
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(ETHUSDT 1M chart)
The two sections correspond to important support and resistance sections.
-
(1W chart)
The key is whether it can be supported near 3644.71 and break through the upper section of the HA-High indicator box on the 1M chart.
If it fails to rise, it is important whether it can be supported near 3265.0-3321.30.
-
(1D chart)
As before, we can see that the area below 3438.16 is a buying point.
Therefore, the 3265.0-3321.30 area is an important support and resistance area.
In particular, since the M-Signal indicator on the 1W chart is rising around 3265.0-3321.30, it is expected to play a more important support and resistance role in the future.
The current high point boundary area is 3831.12-3996.22.
Therefore, this high point boundary area can act as a resistance area.
-
Since the StochRSI indicator has changed its slope in the overbought area, it is important to check whether there is support around 3644.71.
If it falls without support, you should check for support near the MS-Signal (M-Signal on the 1D chart) indicator.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising.
In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
ETH-D
Deceptive market at the beginning of the yearThe first week of the new year is coming to an end, I want to review the market situation. The year for ether and bitcoin opened in the 90-95k and 3250-3500 flat zones. Due to this, the new annual candle is swinging quite calmly. However, in my opinion, this lull is deceptive. The current wave of purchases is so far only a retest of the key 100k level for bitcoin, from where the probability of a bear attack is high. For many altcoins that have shown growth to date, this is also only a retest of the last resistance.
The foreign exchange market also closed the first week extremely negatively, with a steady rise in the dollar. In my opinion, from the current pullback in the crypt, there is a high probability of a resumption of sales, which we observed at the end of the year, with an attempt to continue the trend in bitcoin in order to work out a retest of 75-85k. In this case, today or tomorrow, the crypto market may align with the currency, with significant sales, up to the turning point of the week for individual coins.
In an optimistic scenario, ether will hold 3500 and open a new week higher, by increasing the gap in the eth/btc pair, due to the opening of the year above 0.0035. In this case, with smooth stable sales of bitcoin, altcoins will have opportunities for growth and a further 15% increase in the altcoin index. In my opinion, the probability of this scenario still prevails.
In a more negative scenario, sales of bitcoin and ether will be more aggressive. In this case, bitcoin can show a sharp increase in dominance and money from the market will be used to smooth out the fall of bitcoin. At the same time, the altcoin index may drop down to a 9% retest, which will lead to fractures for most coins.
With the current picture and the threat of a 75k hike in bitcoin, I still recommend carefully weighing money management and reducing positions for those who did not do so in the wake of growth before the new year. Next week, it will be possible to weigh the activity of sellers and make more confident forecasts.
As I expected, there was another manipulation of binance tags this week. It was not for nothing that before the change of year I recommended sales for troy with a likely hike to 0.0025, even then it became obvious that there was no working out of higher goals and a reversal to retest loyalties. After assigning the tag, a test of 0.0015-25 is likely.
As I wrote in the last article, if there is no assignment of the monitoring tag, vib becomes the most interesting tool in the current market. If binance did not consider the dynamics of the token too weak, there is a high probability of continued growth to reverse the medium-term bullish trend with an exit to 0.25+ and the addition of futures. There has already been a successful cancellation of year-end sales and an attempt to return to the trend. With an optimistic scenario and an exit above 0.00000100 for vib/btc, there is a possibility of a powerful impulse to break last week and pair with udt. In the current overbought market, vib remains the most oversold token on binance, which retains a high growth potential. There has also been a rise in vib against bitcoin more than once, creating a gap in vib/btc. A similar pattern could happen again this week. In case of a successful breakdown of vib, vite can also show pleasant dynamics, which also remains the most oversold on binance, having very high technical targets for retest. But because of the monitoring tag, vite growth attempts most often occur last before the week closes.
On average, for most altcoins, I still expect synchronous movement with the altcoin index, before determining further dynamics in the tops in the new week. In my opinion, the probability of fashionable breakouts or steady growth ahead of the altcoin index in the new week is rather weak.
AIXBT/USDT: 30% Breakout Potential From Range Consolidation Here's a simple trading idea for AIXBTUSDT 🎯
AIXBT Breakout Play Setup 📈
AIXBTUSDT 1H Chart
Strategy: Bullish Breakout from Consolidation
Entry Zone: 0.28-0.29
Target: 0.38 (30.75% potential)
Stop Loss: Below 0.27 - 4H CLOSE
Key Points:
- Price consolidating in range
- Strong uptrend support
- Clear breakout structure forming
Wait for convincing break above 0.31000 with volume before entry.
Risk responsibly! Not financial advice." DYOR ---
This is a straightforward breakout trade setup with clear entry, target, and stop levels. The idea is easy to follow and execute for traders of any experience level. Would you like me to explain any part in more detail?
BITCOIN BTC Machine Learning Approximation Strategy applied GOLDHey everyone. Here's a new trade idea potentially for Gold. I created a a new trading strategy script for Bitcoin, and I tuned the parameters for Gold. The original script is called the "BITCOIN BTC Machine Learning Approximation Strategy by NHBPROD." It implements a simplified Machine learning technique and then produces and output that can be used to buy and sell. The script is only for long trading. I'll attach a link: ( ) to the original strategy script. This is the strategy script, but I also have the indicator script which can be used to automate buy and sell signals directly to your phone, email, or your bot.
Anyway, applying the idea to Gold, and tuning the parameters gives me a pretty good backtest, AND it shows that Gold has just entered a buy zone on the daily chart.
On average according to the performance, the average trade profit is roughly 2%, so this could be a great time to buy Gold and expect a 2% gain.
The sell of continues...ETH is showing weakness, and it doesn't look good for an alt season. Obviously, the pressure stems from the fear that BTC is bringing. However, we need to stay alert for the next move. Both BTC and ETH need to be in confluence for the continuation of this bull run but at the moment the sell-off continues until BTC and ETH get oversold.
Ethereum on the 6-Hour ChartHello, dear friends!💋
Ethereum's 6-hour chart is currently showcasing a Head and Shoulders (H&S) pattern, one of the most well-known reversal patterns in technical analysis. This setup could signal a potential trend shift, making it a critical moment for traders to keep a close eye on.
What is a Head and Shoulders Pattern?
The H&S pattern consists of three peaks:
Left Shoulder: A rise followed by a small dip.
Head: A higher peak, marking the top of the pattern, followed by another dip.
Right Shoulder: A smaller rise, typically symmetrical to the left shoulder.
The "neckline" connects the lows of the two dips (between the head and the shoulders) and serves as the key level to watch.
Why Is This Pattern Important?
The Head and Shoulders pattern often indicates a shift from an uptrend to a downtrend. It suggests that buyers are losing momentum and sellers are beginning to take control.
How to Trade the Head and Shoulders Pattern
1️⃣ Wait for the Breakout
The pattern is not confirmed until the price breaks below the neckline.
A breakout is typically accompanied by increased volume, which adds credibility to the move.
2️⃣ Set Your Entry
Once the neckline is broken, you can enter a short position (or sell if you're holding ETH).
Conservative traders may wait for a retest of the neckline as resistance before entering the trade.
3️⃣ Measure the Target
The potential price target is calculated by measuring the distance from the top of the head to the neckline.
Subtract this distance from the neckline to estimate the price drop.
4️⃣ Set Your Stop-Loss
Place your stop-loss above the right shoulder to limit risk in case the pattern fails.
If the neckline breaks, this could lead to a significant move lower, presenting a lucrative trading opportunity. However, patience is key—wait for confirmation before taking action. Always use proper risk management, as false breakouts can occur.
Ethereum's price action is heating up, and this Head and Shoulders pattern might just be the setup savvy traders have been waiting for. Stay sharp and trade wisely!
Stay tuned for updates, and let me know your thoughts in the comments.
Sincerely Yours,
Kateryna 💛
ETHUSD: Almost oversold, 2017 is the guide.Ethereum is approaching an oversold 1D technical outlook (RSI = 38.630, MACD = -47.400, ADX = 39.653) as the 1W candle is pulling back with a force to the 1W MA50. During the 2015-2017 Bull Cycle, on January 2017, ETH was starting the new bullish wave of its Channel Up after a weekly consolidation under the 1W MA50. The situation is identical today as the September-October 2024 consolidation under the 1W MA50 paved the way for the current bullish wave.
Both Cycles traded inside Channel Up patterns with the bullish waves in 2015- 2017 being identical at +5,264%. If the current wave is as strong as the first one, we should see a +166.20% rise (TP = 5,500). The top at the end of the Cycle can be close to 7,000.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
ETH Buy the Dip ZonesETH daily chart has a blood diamond. We typically see a continuation of the down trend in the 4-6 candles following a blood diamond.
We broke down out of the H&S on daily. If we close here today and we will need to see where we open tomorrow and see if we confirm the H&S.
My down trend targets are shown on the chart. I will be looking to take longs in the lower zones. What I'm doing is placing limit orders at the 3 SD level as I expect for us to bounce in 1 week time frame although I expect us to wick down deep.
QM PATTERNhello friends
We have come up with a good and frequent pattern.
This pattern starts with a sharp movement in the direction of the trend, and its return must hit the previous ceiling, and we enter the trade in the determined pullback.
The first target is the previous ceiling and the second target is twice its movement.
*Trade safely with us*
Trade trainingHello guys
This time we came with classic price action training.
As you can see, after a strong upward movement, the price entered suffering and made a ceiling and made a heavy fall, which caused the failure of the previous floor.
Now we can enter into a sell transaction with the first pullback, and our target will be the defined support range.
Now that the price has entered the channel after the spike, we can still enter into a sell transaction with any upward move until we see signs of trend reversal.
*Trade safely with us*
ETH: This May Be Your Last Chance Before Exploding to Upside !!Don't lose hope; it's not time yet. As you can see, there are still signs of potential price growth in the higher time frames. If you really have patience, start buying gradually during these price drops and have a hope . This exprience coming from someone who has seen Ethereum at $50.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SOL | Waiting on ETH for NEW ATHSolana has barely made a new ATH - basically topping out at nearly the exact same place as the previous ATH made in Nov 2021.
As Ii said in yesterdays update on ETH, there is no way BTC makes such a dramatic new ATH and ETH (and Solana) stay behind.
We can expect SOL and ETH to increase when BTC continues to trade range above 95k. This could be another multi-month playout, although ETH usually peaks rapidly at the end of the cycle, which is noteworthy from yesterday's analysis.
___________________
BINANCE:SOLUSDT COINBASE:BTCUSD
$DOGEUSDT: From Meme to Market Mover?1/ BINANCE:DOGEUSDT : From Meme to Market Mover? 📈
Let's dive into why Dogecoin might be more than just internet fun - exploring its potential and pitfalls. 🐕
2/ Current Market Data 📊
Price: As of now, DOGE sits at $0.3507 USD, with a 24-hour trading volume of $5.35 billion USD.
Market Cap: Around $51.74 billion, placing DOGE at #7.
Whale Activity: Recent X posts indicate significant whale accumulation, hinting at a potential bullish trend, though always with a grain of salt. 🐳
3/ Strengths 💪
Community Power: Dogecoin has one of the most passionate and active communities, driven by memes and celebrity endorsements like from #ElonMusk. This can lead to viral growth. 🌐💬
Liquidity King: With high trading volumes, CRYPTOCAP:DOGE ranks among the top cryptocurrencies, making it easy for investors to trade. 💧
Low Cost Transactions: Dogecoin's low fees make it excellent for tipping or small transactions, fostering a micro-transaction culture. 💸✨
4/ Weaknesses ⚠️
Utility Question: Unlike CRYPTOCAP:BTC or CRYPTOCAP:ETH , DOGE lacks intrinsic value or widespread use cases beyond speculation. It doesn't support smart contracts or have a clear business model. ❓
Wild Price Swings: The price of DOGE can be extremely volatile, often influenced by social media rather than economic fundamentals. This can be both an opportunity and a risk. 🎢
Centralization Concerns: A significant amount of Dogecoin is held by a few large wallets, potentially allowing these "whales" to manipulate market movements.
5/ Opportunities 🌱
Sentiment Driven: Positive sentiment, especially from influential figures or community events, can propel DOGE's price. It's a coin that thrives on the news cycle. 📣
Adoption Potential: If more businesses start accepting DOGE, its utility could grow, potentially stabilizing its value and usage. 🛒
Regulatory Tailwinds: Clear crypto regulations could encourage more institutional investors to consider DOGE, enhancing its legitimacy. 📜
6/ Threats 🌩️
Regulatory Headwinds: Conversely, stringent regulations could stifle growth, or in the worst case, lead to bans or restrictions. 🚫
Meme Coin Competition: Dogecoin isn't alone in the meme coin space; new entrants might steal the spotlight or dilute the market. 🥊
Market Downturn: In broader economic downturns, speculative investments like Dogecoin could see significant declines. 📉
7/ Investment Strategy 📝
Diversification: Consider DOGE as a small part of a broader crypto portfolio for its speculative appeal.
Short-Term Plays: The volatility can be leveraged for quick trades, but it requires a solid understanding of market sentiment.
Hedge: Think of DOGE as a speculative hedge, not a core holding, given its unique market dynamics.
Remember, while Dogecoin can offer quick gains, it comes with high risk. Always manage your risk. And for the best tools and insights, check out dcalpha.net - where our trading room and resources can help you navigate these waters. 🧭
Poll: What's your stance on DOGE?
Invest for the community and potential 🚀
Too risky, not for me 🚫
Watch and wait for the right moment 👀
Already in, holding for the long haul 🔒
8/ Dogecoin's Philanthropic Side ❤️
Jamaican Bobsled Team: Community efforts funded their Winter Olympics journey in 2014. 🇯🇲🏂
Clean Water: Raised funds for water projects in Kenya via Doge4Water. 💧🌍
NASCAR: Community donations sponsored a car, showing collective power. 🏎️
Education: The Dogecoin Foundation supports blockchain education. 📚🔗
Animal Welfare: Even coffee sales contribute to animal rescue. ☕️🐕
9/ Community Impact 🌐
Charity Platforms: Initiatives like XÐ Charity use social media for micro-donations, making philanthropy fun and accessible. 💬💕
Cultural Influence: Dogecoin has shown how a meme can create real-world impact, from sports to global charity. 🗳️🌟
Good Vibes: It fosters a crypto community that's about more than just making money - it's about spreading joy and helping others. 😊
10/ Final Thoughts 🍀
Dogecoin represents a unique blend of community, speculation, and altruism. While its investment merits are debated, its cultural and charitable footprint is undeniable. Approach with caution, but enjoy the ride - make the most of it. Dogecoin might just take you to the moon. 🌕🚀
TOTAL3 ChartHey,
This is really a text book chart, together with many others in the crypto atm..
A lot of fear and greed is currently in the market, you see that in the PA.
But that is old news, cuz I shared that a long time ago already.
For me more upside from this zone is very likely, if it fails...
I have to go back to the drawing board and see what is the next area of weekly or monthly demand to time when and where price is likely to move towards.
Have a good one, more charts soon.
Make sure you follow us :)
Kind regards,
Max Nieveld
Falling towards pullback support?Ethereum (ETH/USD) is falling towards the pivot which is a pullback support and could bounce to the 38.2% Fibonacci resistance.
Pivot: 3,314.10
1st Support: 3,213.30
1st Resistance: 3,501.74
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 investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Opulous ($OPULUSDT): Awaiting Entry for 100% + Upside in MusicFiI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
**Opulous ( KUCOIN:OPULUSDT ): Awaiting Entry for Promising Upside in MusicFi**
Trade Setup:
- Entry Price: $0.06486 (Pending Activation)
- Stop-Loss: $0.04369
- **Take-Profit Targets:**
- **TP1:** $0.14686
- **TP2:** $0.24000
**Current Price:** $0.07048
Fundamental Analysis:
Opulous ( KUCOIN:OPULUSDT ) is leading the way in MusicFi by merging decentralized finance (DeFi) with the music industry. Through its platform, artists can mint music as NFTs, allowing fans to directly invest in their music and share in royalty streams. This revolutionary approach is disrupting traditional music rights management and has garnered significant attention from artists and investors alike.
Recent developments, such as new artist partnerships and an increase in platform adoption, underscore Opulous’s potential to drive innovation in the blockchain space.
Tokenomics Overview:
- **Total Supply:** 500 million tokens.
- **Utility:** Facilitates music NFT transactions, staking, and royalty payments.
- **Growth:** Rapid adoption within the MusicFi niche, attracting both artists and investors.
Technical Analysis (4-Hour Timeframe):
- Support Levels: $0.06500 is a strong support zone near the anticipated entry price, aligning with previous price consolidation levels.
- Resistance Levels: $0.07500 is the first key resistance, with further resistance at TP1 ($0.14686).
- Moving Averages:
- 20-EMA: $0.07000
- 50-EMA: $0.06700
- Relative Strength Index (RSI): Currently at 57, signaling neutral momentum, providing room for further upside.
Market Sentiment:
Interest in MusicFi continues to grow, with Opulous at the forefront of this trend. The unique proposition of allowing fans to invest in music royalties via NFTs is driving increased market interest. Community engagement remains strong, reflecting confidence in the project’s long-term potential.
Risk Management:
The stop-loss at $0.04369 provides protection against significant downside risk, while the take-profit targets offer excellent upside potential. TP1 represents a **126% return**, and TP2 offers a potential **270% gain**, making this trade highly attractive for mid- to long-term investors.
Key Takeaways:
- Opulous is uniquely positioned to capitalize on the growing MusicFi trend, blending blockchain with real-world applications in the music industry.
- Awaiting a pullback to $0.06486 for an optimal entry point into this promising setup.
- The trade offers a compelling risk-to-reward ratio, ideal for swing traders and long-term holders.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
Where is the good shopping area?hello friends
This currency has been able to attract the attention of buyers with its good growth.
Now that it is in the correction phase, it is a good opportunity to buy a step.
We have defined the purchase steps for you and we have also defined its goals.
*Trade safely with us*
Expect ETHEREUM to start outperforming BITCOINOn this analysis we compare Bitcoin's last two Cycles to Ethereum's.
The recent underperformance of ETH against BTC has got many worried but in our view, there is no reason for concern.
This 'lagging' is something ETH did on its previous Cycle as well. While Bitcoin already broke to a new ATH in December 2020, Ethereum was still significantly under it.
Once the break out happened, ETH outperformed BTC by double the rise to the Cycle's Top (+789% against +337%).
As Ethereum is once more lagging but it is holding its 1week MA50, we expect to start outperforming Bitcoin again, which is leading with a break out.
In our view the time to move to the 'undervalued' Ethereum is now.
Follow us, like the idea and leave a comment below!!
ethusdt eth long"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"