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ETHEREUM UPDATE !!Hello friends, welcome to this Ethereum update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) continued to trend higher on Friday, breaking out of a key resistance level in the process. ETH/USD peaked at 1,687.28 earlier in today’s session, which comes a day after trading at a low of 1,620.68. This surge has resulted in ethereum climbing over a long-held ceiling at $1,670, hitting a one-month high in the process. The latest uptrend coincided with the relative strength index moving beyond a ceiling of its own at 57.00. It is now tracking at 58.61. Bulls will likely remain unsatisfied until they take ethereum back above 1,700, which hasn’t happened since the end of August. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Ethereum Break Out Live?Ethereum is also in a range, similar to Bitcoin, but a harder to identify and define range. Nevertheless, we can see that ETH has driven down into a Demand Zone, and after filling Bids price is now attempting to break above local resistance, with what appears to be success. Waddah Attar Explosion and Mynx technical indicators confirm the breakout attempt, so I am long targeting the Bearish Order Block above us that formed in that tight consolidation range below our Supply Zone.
Long
by CrackingCryptocurrency
$CREAM Performed Bullish Symmetrical$CREAM Performed Bullish Symmetrical in 2hr TF What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
CLong
by Crypto-Adda_Official
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also rose higher on Tuesday, after dropping to a key support point to start the week. Following a low of 1,565.03 on Monday, ethereum rallied to an intraday high of 1,598.10 less than 24 hours later ETH bulls rejected a breakout below a floor at 1,565, but they also used this as a point of reentry, buying the dip in price. the surge came as the floor of the RSI also held firm, acting as a springboard for traders. ETH continues to hover below the 1,600 level, however, this could change following this afternoon’s consumer confidence report. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
$CFX Performing descending broadening LSE:CFX Performing descending broadening wedge pattern Descending Broadening Wedge Pattern Explained A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines . A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right. A descending broadening wedge is looked at as a bullish pattern as it forms but it is not validated as a buy signal until the pattern starts to make short term higher lows and higher highs and the upper resistance trend line is broken and price begins to move to the upside and above the upper trend line. As the descending broadening wedge pattern is forming trading volumes become most meaningful as the pattern breaks out above the upper trend line, this should happen on increasing volume showing that the chart is starting to go into an accumulation cycle.
Long
by Crypto-Adda_Official
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) neared a drop below a key price level in today’s session, hitting a one-week low in the process. ETH/USD slipped to an intraday low of 1,606.18 earlier in the day, following Wednesday’s peak at 1,639.35. Thursday’s decline pushed ethereum to its weakest point since September 13, which was the last time price was below 1,600. Since failing to break out of a ceiling at 49.00, the RSI has moved closer into oversold territory and now tracks at 41.52. Bears seem to be looking to land at a point of support at 35.00, which could lead ETH to hit the 1,575 floor. Bulls are possibly still waiting in the wings, as the 10-day (red) and 25-day (blue) moving averages have still not crossed. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
ETH/USDT 8HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also slipped lower during today’s session, which can also be attributed to traders opting to secure gains. Following a high of 1,669.02 on Tuesday, ETH/USD dropped to a low of 1,621.36 earlier in the day. the world’s second-largest cryptocurrency fell close to a support point of 1,620. Price has since rebounded, with ethereum trading at 1,631 at the time of writing, owing to bulls choosing to reject a breakout. An earlier failed breakout attempt seems to be the reason for the decline, with the RSI unable to rise above a ceiling of 49.00. Price strength now sits at 45.72, with a floor of 40.00 as a possible target for short sellers. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- ETH successfully retested above the descending triangle with a decent volume and it also breakout the Ichimoku cloud. Currently, it is retesting above the Ichimoku cloud and an effective retest would confirm the continuation of the bullish move. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
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$RNDR performed Descending broadening$RNDR performed Descending broadening wedge What is a descending broadening wedge? A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at least twice to validate the pattern. NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times. This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times). A descending broadening wedge does not mark the exhaustion of the selling current, but the buyers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to fall with movements that are increasingly low in magnitude. The sellers manage to make the price rebound on the resistance line but lose control after the formation of a new lowest point. The highest point reached during the first correction on the descending broadening wedge’s resistance line forms the resistance. A second wave of decline then occurs of more magnitude, signalling the sellers' loss of control after a new lowest point. A third wave forms afterwards but the sellers lose control again after the formation of new lowest points. During the formation of a descending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks.
RLong
by Crypto-Adda_Official
$DEXE looks good on Demand Zone How to identify the Demand Zone? Drop spin Rally : Step 1: Initially, the prices were falling down as there could be sellers activated in the stock. Step 2: The price will move in a range because there is an imbalance between buyers and sellers. Step 3: Finally the prices will further move up with more buyers dominating the prices. Rally spin Rally : Step 1: Initially, the prices were moving up as there could be buyers activated in the stock. Step 2: The price will move in a range because there is an imbalance between buyers and sellers. Step 3 : Finally the prices will further move up like a rocket with more buyers dominating the prices.
Long
by Crypto-Adda_Official
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) also moved higher to start the week, as traders rejected a breakout below the 1,600 point. Following a low of 1,609.96 on Sunday, ETH/USD rose to an intraday high of 1,653.07 earlier in the day. This has resulted in ethereum surging to its highest point in the past ten days, closing in on a recent resistance of 1,660 in the process. Although price strength in ETH has also surpassed an obstacle of its own, it is on the cusp of colliding with another at the 50.00 mark. The index currently sits at a reading of 49.61. It is likely that a breakout above this mark could lead ETH back above 1,700. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
ETH's 🌤️ Forecast - Bullish Trend Over the Next 24 Hours Sun with scattered clouds 🌤️ lie ahead for Ethereum in the next 24 hours, signaling a slightly bullish market with upside potential. Most other altcoins will face cloudier, bearish trading conditions over this time span. ☁️ Over a one-week horizon, these cloudier trading conditions ☁️ will extend to both Bitcoin and Ethereum, indicating a slight downside risk. Cardano and Chainlink buck this negative trend and will remain sunny and bullish. 🌞 Follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO
EDU breakout Soon What Is a Descending Channel? A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels. KEY TAKEAWAYS A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Traders who believe a security is likely to remain within its descending channel can initiate trades when the price fluctuates within its channel trendline boundaries. A more potent signal occurs with a breakout, which is when a security's price breaches an established channel's boundaries, either on the upper or lower side.
Long
by Crypto-Adda_Official
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) rose for the fourth consecutive session as the cryptocurrency remained above the 1,620 support level. ETH/USD reached a peak of 1,640.52 on Friday, just 24 hours after the price hit a low of 1,618.73. The above highs took the world's second-largest cryptocurrency to its strongest level in seven days. Earlier gains have faded somewhat, as traders failed to break the key resistance level of 47.00 on the RSI indicator. The index is now at a reading of 44.41, with a support point of 40.00 as a potential target. Sentiment looks bullish, as the upside potential between the 10-day (red) moving average and its 25-day (blue) counterpart remains high. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
Ethereum will pump to exactly this levelHello, dear friends! We have two the most interesting crypto assets: Bitcoin and Ethereum. If I have confidence that BTC will finally dump, BINANCE:ETHUSDT is showing us another picture. First of all let's take a look at the mid term picture. Awesome Oscillator helps us as usually define the 5 Elliott waves cycle. Massive bullish divergence has finished this dump and now we should see some correction to the upside. I think that the conservative target is $1800 at 0.61 Fibonacci. Before touching this area price is likely to be retraced to local 0.61 Fibonacci to $1580. After reaching $1800 I am not sure that price has to dump, like Bitcoin because it has another global waves sequence. Let's see! Best regards, Skyrex team __________________________________________________________ 🔥Please, follow us and smash the rocket🚀 button to support us🔥
Long
by Skyrexio
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Additionally, ethereum (ETH) was also in the green on Thursday, as price rose above a recent support point. ETH/USD reached a high of 1,635.82 earlier in today’s session, less than 24 hours after trading at a low of 1,593.11. The move resulted in the world’s second-largest cryptocurrency climbing above a key price floor at 1,620. today’s rally coincided with the RSI moving past a ceiling of its own at the 40.00 mark, and it now sits at 44.00. This latest rebound has increased the possibility of an upward cross, and should this happen, ETH will be trending closer to 1,700. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563