ETH ReaccumulationThe market has put in a bear trap this week inside of a reaccumulation pattern. Get ready for a boom over the next few months.
ETH
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.
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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.
potential div h4 eth, long from 3210an idea i've had for eth, aggresive dump and fud at the bottom, potential div forming which has given me confluence for my blind market long
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 !!
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⚠️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.
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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
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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.
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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*
Analysis and buy signalsHello guys
With its growth, this currency entered the correction phase and was compressed in a price triangle.
Now, taking into account the further fall, we have determined the purchase range that you can use and move to the specified range with it.
*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! 🌟
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#ETH (SPOT) IN (3200- 3600) T.(26.000) SL(3100)BINANCE:ETHUSDT
#ETH / USDT
Entry (3200- 3600)
SL 1D close below 3100
Target 5600.00
______________________________________________________________
Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
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ETH | FRACTAL ATH $6000 | Bitcoin Overlay I'm still anticipating the new Ethereum All Time High .
I just don't believe that BTC will make such a climb and ETH stays behind - it hasn't happened before, I don't believe it will happen this time.
What has happened before, is an interesting topic - ETH usually makes its ATH AFTER the BTC rally, about when the cycle comes to an end. We see this playout during the past two peaks. Ethereum stays fairly low beneath it's own previous ATH , and shoots out above BTC just when the cycle ends.
Using a fractal form the previous cycle, this puts an interesting target on ETH.
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COINBASE:BTCUSD COINBASE:ETHUSD
OPtimism At Its Best!📌Fundamental:
- Optimism (OP) is a Layer 2 scaling solution for Ethereum that enhances transaction speed and reduces costs through several distinctive features:
- Optimistic Rollups: Processes transactions off-chain and submits them to Ethereum in batches, increasing throughput and lowering fees.
USE THE BITCOIN
- EVM Compatibility: Fully compatible with the Ethereum Virtual Machine, allowing developers to deploy existing Ethereum smart contracts with minimal modifications.
USE THE BITCOIN
📌Technical:
OP rejected the lower bound of the rising broadening wedge pattern.
I am expecting a movement towards the upper bound of the wedge, targeting the $6 round number.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#WhatsTheTicker Your Asset, Our Expertise: Technical/FundamentalBring the Tickers! 🚀
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⚠️ Stay Agile: Markets shift quickly, and even the best signals can face strong, fast-changing trends.
Best regards, DCAChampion
