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The key is whether the MS-Signal indicator can rise above it Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The Chuseok holiday in Korea is until September 18th. Therefore, it is difficult to publish ideas. I hope you have a healthy and happy holiday. ------------------------------------------ (ETHUSDT Renko 1D chart) We need to check whether the price can be maintained above 2400.0 and whether it can rise above 2600.0 to create an upward block. ----------------------------------------------- (ETHUSDT 1D chart) The key is whether the MS-Signal (M-Signal on the 1D chart) indicator can rise above and maintain the price. Unlike BTC, ETHUSDT is not yet above the MS-Signal (M-Signal on the 1D chart) indicator. In order to turn into a short-term uptrend, the price must rise above 2531.05-2621.99 and maintain the price. If not, we need to check for support near 2359.35. - I think the StochRSI indicator is currently forming a high point because the slope has changed in the overbought zone. Therefore, the 2531.05-2621.99 zone is an important support and resistance zone. -------------------------------------------------- Once you start studying charts and become familiar with them, trend lines are virtually unnecessary. However, since understanding the HA-MS indicator is necessary, I drew trend lines to help you understand the chart. This can actually be a hindrance to looking at the chart. If you are looking at my charts for the first time, the most important thing is the MS-Signal indicator, which is the arrangement of the M-Signal line, which is the main line of the MS-Signal indicator on the 1M, 1W, and 1D charts. This is how you can predict the trend. The next important thing is related to the HA-Low and HA-High indicators. That is, you will trade based on the movement in the box section of the HA-Low and HA-High indicators. The other lines are lines that represent the support and resistance lines drawn on the 1M, 1W, and 1D charts and the volume profile section. Therefore, if you want to know the trend through chart analysis, you can check the location of the M-Signal indicator on the 1M, 1W, and 1D charts corresponding to the MS-Signal indicator. If you want to trade, you can create a trading strategy by referring to the points made up of the HA-Low and HA-High indicators or the support and resistance points drawn on the 1M, 1W, and 1D charts. If you only display the support and resistance points by key indicators, it is like the chart above. You can trade with this alone, but I think it is likely that you will have difficulty trading because you cannot create a response strategy according to price fluctuations. What you want to inform through chart analysis is that only the person who analyzed it can properly understand the content. Therefore, how you accept the content analyzed by others will vary depending on each person's investment style. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
ETHBTC ForecastETHBTC looks like it is headed for 0.03094 - 0.032 level. Especially, if we confirm 0.043 as a resistance in the coming months and stay under it. This is a monthly chart so it will take many months to complete this move. In my view this could happen in one of two ways. The first scenario is that BTC will start the parabolic move and leave behind ETH which is my base scenario in the next 6 months. The second scenarios is that ETH will continue to bleed down and BTC will stay rangebound or slowly rise in the coming months. Here is my plan: I will be accumulating ETH if it quickly visits the 0.030-0.032 ETHBTC levels. That is when I will be looking for ETH bottoming and turning. If we bounce from the 0.043 level and confirm with volume as support, then I will be looking to buy any breakout patterns in this long timeframe. This is not a financial advice and DYOR
by CryptoBreakers
1
The key is whether it can rise above 2.28 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- Because the chart has not been created for long, the role of support and resistance points may be weak, so be careful when trading. (Grayscale Ethereum Mini Trust 1D chart) The HA-Low indicator on the 1D chart was created at the 2.28 point. Therefore, the key is whether it can receive support near the gap (2.09-2.18) section on the 1D chart and rise above the HA-Low indicator on the 1D chart. If it is supported near the HA-Low indicator on the 1D chart, we need to see if it can break through the gap (2.59-2.83) on the 1W chart. - Have a good time. Thank you. -------------------------------------------------- (ETHUSDT 1D Renko chart) - (ETHUSDT 1D chart) The key is whether it can support near 2.359.35 and maintain the price above the M-Signal indicator on the 1W chart. Based on the current price position, the most important thing is whether it can maintain the price by rising above the M-Signal indicator on the 1M chart. Because I think that is the most likely way to turn into an uptrend. -----------------
AMEX:ETH
by readCrypto
Bitcoin's local perspective 09.09.24Before looking at the local perspective, we would like to mention that globally we are now moving within two main patterns: AMEXP on BINANCE:ETHBTC dated July 29👇 And the pattern on INDEX:BTCUSD , which we first recognized as MDB on the daily timeframe dated May 21 and later formed as EXP on the weekly timeframe and essentially describes the current trend 👇 Our expectations are now based on the fact that on BINANCE:ETHBTC we see a key magnetic level at 0.03492, which we will reach with a high probability (we have marked this block with a red square on the chart). We also note that CME also opened with a GEP at $52,980, and CME:BTC1! has two nearest open GEPs: at $61,880 and $52,980👇 Locally, we now see three main scenarios: 1️⃣ INDEX:BTCUSD reaches the $56,552 level, after which it continues to decline with a target of $48,973 2️⃣ INDEX:BTCUSD does not reach the level of $56,552 and continues its decline with a target of $48,973. 3️⃣ INDEX:BTCUSD reaches the level of $56,552 and continues to move towards $61,700. Now you have an open long on INDEX:BTCUSD and over the weekend we opened a hedging short on INDEX:ETHUSD for a portion of the INDEX:BTCUSD position, and now in the case of each scenario: 1️⃣ INDEX:BTCUSD close half on the first target around $56,552 and put the stop to breakeven, then on the downside close the profitable hedge short 2️⃣ Around $48,973 close the hedge-short on INDEX:ETHUSD on the fall and buy more INDEX:BTCUSD 3️⃣ Close INDEX:BTCUSD position on all targets, part of the profit is taken by a losing hedge-short on $INDEX:ETHUSD. Thus, in the current market situation we have formed such a construction, which will allow us to earn in most of our expected scenarios
INDEX:BTCUSD
by TSFC
Important support and resistance zones touched Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- ETH has touched an important support zone. Therefore, the key is whether it can receive support near 2159.0. If it falls below 2159.0, you should check whether there is support near 1605.23-1783.0. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The real uptrend is expected to start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Ethereum - CME Gap yet to be filled#ETH/USDT #Analysis Description --------------------------------------------------------------- + As shown in the chart, the Bitcoin CME futures gap is still unfilled. + This gap was created during the sudden market crash driven by recession fears. + Historically, 90% of CME gaps get filled sooner or later, and we expect the same outcome in this case. + Currently, the ETH price is around the support zone, and it appears to have recovered after hitting this level. + It's likely this gap will be filled in September, as it is typically a bearish month, but it should certainly be filled before the end of October. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CME:ETH1!Long
by VectorAlgo
Is an Altcoins rally coming? When? ETH/BTC 1W chart;CRYPTOCAP:ETH CRYPTOCAP:BTC 1W chart; On the chart we see two falling trend lines (red dash), one rising trend line (green dash). The price is in this range. It bounced 2 times from the OB resistance just above it. This place is weakened. It can also be interpreted that if it weakens enough, it may go up to the OB area above. It touched the lower green trend line 3 times and the last time it touched it, the mismatch on the RSI side stands out. So it gave an upward signal. The big red candle on the right shows the monthly volume. In other words, since the month started, it has gone down without going up. The appreciation of #Eth against #Btc means that altcoins are also appreciating. Accordingly, it is expected that a movement in altcoins will begin. Likewise, I have previously informed that many of the altcoins are in strong bottoms and trend compression. Although there is a downtrend extending from September 2022 to the present day, a close above the -OB level just above the current level will be the beginning of an upward trend. Therefore, it is important to follow this level.
Long
by ugurtash
Don't rush Ethereum is still bearishEthereum has broken a flip range to the bottom and is now pulling back towards this area. Also, Ethereum's structure is bearish in large timeframes. We are looking for sell/short positions in the POI range. The targets are marked on the chart. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
Point to break out of short-term downtrend channel (2851.75) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The key is whether the price can rise above 2851.75 to break out of the short-term downtrend channel. - Currently, it has risen above the M-Signal indicator on the 1M chart. Therefore, from a long-term perspective, it is possible that the uptrend will continue. However, in order for a full-scale uptrend to begin, the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart must be in that state. Therefore, we need to see if it can maintain the price by rising above the M-Signal indicator on the 1W chart after the volatility period around September 8th. - Since the StochRSI indicator is currently in the overbought zone, it is important at what point it finds support when the StochRSI indicator falls from the overbought zone and becomes StochRSI < StochRSI EMA. Therefore, if it fails to rise above 2851.75 and falls, it is important to see if it can find support around 2621.99-2700.43. If it finds support around 2621.99-2700.43 and switches to the state of StochRSI > StochRSI EMA, it is expected to lead to an attempt to rise above 2851.75. - If the M-Signal indicator of the 1W chart rises above, the HA-High indicator (3265.00) of the 1W chart and the HA-High indicator (3321.30) of the 1M chart are likely to be the first resistance zones. - The volatility period on the BTCUSDT chart is around September 13. However, the volatility period on the ETHUSDT chart is expected to start around September 8. Therefore, the key is whether it can escape the short-term downtrend channel after September 8. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The area expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ETH/USDT Weekly Chart Update !!ETH/USDT is currently testing key resistance levels within the descending channel. A breakout above $3,050 could lead to a retest of higher resistance areas around $3,850. The 100MA near $2,150 has provided strong support, and the price needs to be above this level to maintain the bullish momentum. Traders should keep an eye on volume confirmation and price action near these crucial levels. This update provides a concise analysis of the ETH/USDT weekly chart, focusing on key support and resistance levels, moving averages, chart patterns, and volume considerations. Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
1
Important section: 2531.05 ~ 0.382 (2647.88)Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- The key is whether the M-Signal indicator on the 1M chart can rise above and maintain the price. To do so, we need to check whether it can rise along the rising trend line during the volatility period starting around the week of August 19. If not, and it falls below 2531.05, there is a possibility that it will fall again to around 2159.0, so we need to think about a countermeasure for this. - Currently, the StochRSI indicator has entered the oversold zone and is maintaining the status of StochRSI < StochRSI EMA. Therefore, it is important to see if it can be supported around the 2531.05 ~ 0.382 (2647.88) section. Therefore, it is recommended to proceed with a purchase when the StochRSI indicator is out of the oversold section and StochRSI > StochRSI EMA. However, since the current chart is a 1W chart, it is possible that it has shown a lot of increase when the above situation occurs. Therefore, you should check whether there is support in the section (2531.05 ~ 0.382 (2647.88)) and see if you can proceed with a split purchase. - If you compare the current flow with the past flow, it seems to be showing a movement corresponding to around May 9, 2022. However, the current situation is a bit different from that time. When it was around May 9, 2022, there was a decline in USDT, but currently, USDT is showing an increase. Therefore, I think it is showing a different flow than before in that it is time to find a time to buy even if it falls further than the current price, not a time to find a time to cut losses. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ETH Bottom is in. LongOverview: This trade is based on a potential bullish reversal from a significant support level. The chart shows a strong rejection at the recent low around the 2,100 USDT level, which aligns with historical support, suggesting a possible reversal to the upside. Entry: Price: The entry for this trade is around 2,721.65 USDT, where the price is currently consolidating after testing support. Target: - Target Price: 4,091.91 USDT - The target is set at a previous key resistance level, where price action has shown strong rejection in the past. Stop Loss: - Stop Loss: The stop loss is placed below the recent low at approximately 2,108.16 USDT, ensuring a risk-managed approach if the price breaks below the support level. Trade Rationale: - Bullish Bias: The highlighted zone shows a potential area of accumulation where buyers are stepping in, anticipating a move back toward the 4,000 USDT level. - Risk-Reward: The trade offers a favorable risk-to-reward ratio, targeting a significant move up with a clearly defined stop loss.
Long
by SerenityEquity
2
Alt Season is Right Around the CornerBitcoin dominance has been growing in the past few days as it outperforms the rest of the cryptocurrency market after the sharp drop last week. Many things are pointing towards Bitcoin continuing to outperform in the short term as we gear up for the next parabolic bull market. However, alt season is very close and, once BTC confirms it's breakout towards 100k, a lot of the large caps like Ethereum and Solana will begin to go up very quickly. This is based on my cyclical analysis of alt seasons. To get a better idea of the cyclicality of cryptocurrency, Bitcoin, and alt seasons, check out my previous post which predicts the next parabolic rise in November: An important thing to note when referring to alt seasons is that they don't last long (only a few months). So understand your timeframe when investing over the coming weeks. Another important idea is how money tends to flow during this period. It historically starts with Bitcoin breaking its all time high and beginning to rise. During this time, altcoins tend to underperform. But once BTC consolidates and begins to go sideways, that's when the rest of the market has time to catch up. In the chart I show 4 key points: Bitcoin This is when BTC makes a significant breakout whether that's from a significant resistance level or its ATH. This is where BTC is outperforming 99% of the market. Ethereum & Large Caps BTC will begin to slow down and a lot of the major altcoins will see a big increase. This is where you can find great trade setups on the BTC pairs like ETHBTC, SOLBTC, etc. BTC Consolidates BTC will start to go sideways, cooling off and preparing for its next rise. From here you might see some pumps in mid-low caps. These tend to be volatile and hard to predict. Small caps - Quick and fast As BTC continues to go sideways, some small caps might experience quick pumps in price. Similarly, these tend to be even more volatile and hard to predict. After this, the pattern repeats back up to Bitcoin until we reach a peak and begin a new bear market. The cryptocurrency bull market is brewing up and alt season can offer some incredibly profitable opportunities. Plan ahead, and don't overtrade.
CRYPTOCAP:BTC.D
by spilkerBTC
ETH looks still bearishEthereum is constantly making lower H's and L's. The larger structure is bearish as you can see. You can look for sell/short positions in the premium range. We are looking for sell/short positions in the supply range. Closing a daily candle above the invalidation level will violate the analysis. Note that the financial market is risky, so: Do not enter a position without setting a stop and capital management and confirmation and trigger. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
Next Volatility Period: Around August 14th - 18thHello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (1M Chart) You can see that the 2531.05 ~ 0.382 (2647.80) section is an important section. If it falls in this section, it is likely to turn into a downtrend in the long term, so be careful when trading. - (1W chart) If it falls in the 2531.05 ~ 0.382 (2647.80) range, it is likely to eventually touch the HA-Low indicator on the 1W chart. Therefore, as the price falls, we need to check at what point the HA-Low indicator is generated. If not, it is expected to fall to around 1340.12, where the HA-Low indicator is currently located. However, we need to check for support near the 2159.00 point (the bottom point of the HA-High indicator box on the 1M chart) and the 1783.0 point (the top point of the HA-Low indicator box on the 1W chart). If it rises, it is likely to face resistance near 3265.0-3321.30, so we need to check for support. - (1D chart) It is a medium-term rising channel, that is, it has entered a short-term falling channel while falling from the rising trend line (1) ~ (2) section. This short-term falling channel is a channel made up of high-point trend lines. Therefore, if it falls from this channel, it is thought that it is likely to record another large decline. That is why the key is whether there is support near the 1783.0-2159.0 section. - When making new purchases, it is recommended to check whether there is support near the HA-Low indicator on the 1D chart if possible. Currently, the HA-Low indicator is formed at the 3079.59 point. However, since there is a high possibility that a new HA-Low indicator will be created depending on price fluctuations, I think it is better to wait for it to be created at some point. - The time to buy is when StochRSI > StochRSI EMA and the StochRSI indicator is out of the oversold zone, and you can proceed by checking whether there is support at the support and resistance points. Currently, I think it is most likely to check whether there is support above the 2531.05 ~ 0.382 (2647.80) range. If it falls, 1st: 2159.0 2nd: 1783.0 You should check whether there is support near the 1st and 2nd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 13401.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Ethereum's Revival A Prime Opportunity for a Strong Rebound Analyzing the current market conditions for ETH/USDT, there are several technical indicators suggesting that Ethereum might be poised for a significant upward movement from its current price of $2,444. The recent sharp decline in price has brought Ethereum to a crucial support level, which has historically acted as a strong foundation for upward reversals. Firstly, the Relative Strength Index (RSI) has dropped below the 30 level due to the recent sell-off, indicating that Ethereum is currently in oversold territory. This suggests that the selling pressure may have been overextended, providing a potential opportunity for buyers to enter the market and capitalize on the discounted price. The Moving Average Convergence Divergence (MACD) is also starting to show signs of a bullish crossover. The MACD line is approaching the signal line from below, which often precedes a bullish trend reversal. This potential crossover, coupled with the oversold RSI, strengthens the case for a price rebound. Additionally, the Bollinger Bands have expanded significantly during the recent price drop, reflecting increased volatility. However, the price has begun to stabilize around the lower band, suggesting that the downward momentum is waning and a reversal could be on the horizon. Furthermore, the trading volume has spiked dramatically during the sell-off, indicating heightened market interest and participation. Historically, high volume during price declines can precede reversals as it suggests that new buyers are stepping in to absorb the selling pressure. The Fibonacci retracement levels also align with this analysis, as the price is currently hovering around the 61.8% retracement level from the previous rally. This level is often considered a strong support area where price reversals are likely to occur. From a fundamental perspective, Ethereum continues to see strong network activity and development progress, further supporting the potential for a rebound. The recent pullback may have been driven by broader market sentiment rather than any Ethereum-specific issues, providing an attractive entry point for long-term investors. Given these factors, it seems like an opportune moment to consider buying ETH/USDT in anticipation of a medium-term price increase. The combination of oversold conditions, technical support levels, and strong fundamental backing suggests that Ethereum is well-positioned to recover from its recent dip and potentially target new highs in the coming weeks and months.
Long
by SafeCryptoSignals
Ethereum medium term analysisWe have a scenario for Ethereum. Note that this analysis requires a lot of time It doesn't matter if we reach the green range like the wave counter on the chart or not, but whenever the price reaches the green range, we will be a buyer. Ethereum seems to be completing a large bullish triangle, which we are now in wave d. It is expected to be rejected from the supply range to the damnd range. On the green range, we are looking for buy/long positions for medium and long term. Closing a daily candle above the invalidation level will violate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
ETHUSDT - 4H a correction phaseRecent political developments have influenced the crypto market significantly. The rise in Trump’s chances initially propelled the crypto market upwards. However, with Biden dropping out of the presidential race and the introduction of his alternate candidate, Trump’s chances are now perceived to be decreasing, which could lead to a correction in the crypto market. From a technical perspective, COINBASE:ETHUSD has faced strong resistance at a key zone in the 4-hour time frame. Despite multiple attempts, BINANCE:ETHUSDT was unable to break through this crucial resistance level, suggesting a lack of bullish momentum to sustain higher prices. Additionally, the Relative Strength Index (RSI) shows a bearish divergence, indicating weakening buying pressure and potential for a downward move. Given the inability to breach the resistance, the bearish RSI divergence, and the prevailing political uncertainties, it is likely that ETH will experience a pullback. This correction could provide a consolidation phase before the market assesses the next potential moves. Traders should be cautious and consider the potential for a short-term decline in ETH prices.
Short
by Sober_Trading
2