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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- ethereum (ETH) was mostly higher, leading prices back above the 1,800 level. ETH/USD peaked at 1,865.10 earlier in today’s session, following a low at 1,781.49 on Wednesday. ethereum rose to its highest level since August when the price hovered below 1,880. The cryptocurrency has now traded in the green for seven straight sessions, adding nearly 20% to its value during this period. the 10-day (red) moving average continued to race ahead of its 25-day (blue) counterpart, which is a sign that momentum remains bullish. the RSI is at 74.90, which could cause current buyers to soon begin to capture gains. 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
ETHUSD 4H : Still bullish ETHUSD New forecast Ethereum price trades bounce back downward to conduct some bearish intraday correction, noting that the price is significantly gathering positive momentum, waiting for the price to be stimulated to resume the expected upward trend for the coming period, whose next targets are at 1822 and 1885. From here, we continue to favor the upward trend in the immediate and short term, supported by the moving average 50, recalling the importance of stability above 1735 to achieve the expected goals. The expect range trading for today will be between resistance line 1885 and support line 1735 . support line : 1773 , 1735 resistance line : 1822 , 1885 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:ETHUSDLong
by Arazmajeed
4
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) retreated below the 1,800 level on Wednesday, snapping a six-day winning streak. Following a high of 1,852.68 during yesterday’s session, ETH/USD fell to a low of 1,758.69 earlier in the day. ETH has since rebounded, marginally, and is now trading at $1,784.57, which is over 3% lower than Tuesday’s peak. sentiment remains largely positive, with the 10-day (red) moving average extending its upward trend versus its 25-day (blue) counterpart. Although the RSI in ethereum is also overbought, and tracking above 70.00, bulls could attempt to push the price above $1,900 in this upcycle. 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
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) reached 1,800 for the first time in several months, after being the beneficiary of general sentiment around crypto. ETH/USD rallied to an intraday high of 1,845.99 earlier today, a day after trading at a bottom of 1,664.58. ethereum reached its highest point since August 13, when the price was marginally below 1,860. The move saw ethereum climb for a fifth straight session, as the RSI broke out of a resistance at 60.00. ETH is now severely overbought, with the index now tracking at 76.79. Bulls broke a ceiling of 68.00 over the last several hours, however it is unlikely that this will be sustained, as profit takers begin to loom. 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
$UNFI Performing Falling wedgeFalling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation.
ULong
by Crypto-Adda_Official
$CREAM performing symmetrical triangle$CREAM performing in 1hr symmetrical triangle Trading a symmetrical triangle pattern involves identifying potential breakouts and using technical analysis to make informed trading decisions. Here are the steps to trade a symmetrical triangle pattern: 1. **Identify the Symmetrical Triangle:** First, recognize the formation of a symmetrical triangle on a price chart. This pattern typically consists of converging trendlines, with a series of higher lows and lower highs, creating a triangular shape. 2. **Determine the Direction:** Pay attention to the direction of the price trend leading into the triangle. If the price was in an uptrend before entering the pattern, there's a higher likelihood of a bullish breakout. Conversely, if it was in a downtrend, a bearish breakout is more probable. 3. **Set Entry and Stop-Loss Levels:** To trade a symmetrical triangle, you'll want to wait for a breakout from the pattern. Set your entry order slightly above the upper trendline for a bullish breakout or slightly below the lower trendline for a bearish breakout. Place a stop-loss order to limit potential losses. 4. **Confirm the Breakout:** Don't jump the gun. Wait for a confirmed breakout, which is usually accompanied by increased volume and a significant price movement beyond the trendline. This confirms the direction of the breakout. 5. **Measure the Price Target:** Use the height of the triangle at its widest point to estimate the price target. For a bullish breakout, add this measurement to the breakout point; for a bearish breakout, subtract it. This provides an initial price target. 6. **Monitor and Adjust:** Keep a close eye on your trade and adjust your stop-loss and take-profit levels as the price moves. This will help protect your profits and minimize losses. 7. **Consider Volume and Confirmation:** While symmetrical triangles often result in significant breakouts, not all breakouts are equally reliable. Look for strong confirmation through volume and other technical indicators (such as moving averages) to increase the reliability of your trade. 8. **Practice Risk Management:** Only risk a small portion of your trading capital on any single trade, and don't over-leverage. Stick to a risk-reward ratio that makes sense for your overall trading strategy. Remember that trading involves risk, and it's important to have a solid understanding of technical analysis, risk management, and a trading plan before attempting to trade any chart patterns, including the symmetrical triangle. It's also advisable to practice on a demo account or paper trade to gain experience before risking real money.
Long
by Crypto-Adda_Official
$BSW near to Break down\ward trendline **$BSW near to Break down\ward trendline ** Trading trendline breakouts is a popular strategy in technical analysis. It involves identifying key trendlines on a price chart and then executing trades when the price breaks through these trendlines. Here's a step-by-step guide on how to trade trendline breakouts: 1. **Identify the Trendlines:** - Start by identifying the prevailing trend in the price movement. This can be an uptrend (higher highs and higher lows) or a downtrend (lower highs and lower lows). - Draw trendlines connecting the lows in an uptrend and the highs in a downtrend. These trendlines should slope in the direction of the prevailing trend. 2. **Confirmation of the Trendline:** - Ensure that the trendline has been touched or respected by the price multiple times. The more times it has been tested, the stronger it is considered. 3. **Entry Point:** - Plan your entry point for a breakout trade. For an uptrend, consider buying when the price breaks above the upper trendline. For a downtrend, consider selling when the price breaks below the lower trendline. 4. **Use Additional Indicators:** - It's often beneficial to use other technical indicators to confirm the breakout. Common indicators include moving averages, Relative Strength Index (RSI), or Stochastic Oscillator. These can help filter out false breakouts. 5. **Set Stop-Loss and Take-Profit Orders:** - Determine your stop-loss and take-profit levels. A stop-loss is placed below the breakout point for long trades and above the breakout point for short trades to limit potential losses. A take-profit level is set at a point where you aim to lock in profits. 6. **Risk Management:** - Calculate the position size based on your risk tolerance. Do not risk more than a small percentage of your trading capital on a single trade.
Long
by Crypto-Adda_Official
ETHUSD 4H : Support further rise ETHUSD New forecast The price of Ethereum (ETHUSD) confirmed the breach of the 1656 level, and is pushing upwards at the opening of the day to approach the 1694 level, providing signs of a trend towards achieving more expected gains during the coming period, noting that crossing the last level will push the price to 1735. As the next main target. From here, the upward trend will be likely in the immediate term unless the 1656 level is broken and holds below it again. The expect range trading for this week will be between resistance line 1735 and support line 1656 . support line : 1666 , 1656 resistance line : 1694 , 1735 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:ETHUSDLong
by Arazmajeed
14
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) was also higher on Friday, with the cryptocurrency once again rising above the 1,600 level. Following a low of 1,553.03 on Thursday, ETH/USD jumped to a peak at 1,628.61 earlier in the day. This resulted in ethereum climbing to its highest point since the start of the week, when price was over 1,640. Today’s hump comes days after bulls rejected a breakout below a support point of 1,540, and they now look to be targeting resistance of 1,650. In order to get there, the RSI, which is currently reading at 51.81, will need to move beyond its own ceiling at 55.00. 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
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) on the other hand, fell for a third straight session, as the cryptocurrency collided with a long-term floor. After hitting a high at 1,580.26 on Wednesday, ETH/USD plunged to an intraday low of 1,543.59 earlier today. The move saw the world’s second-largest cryptocurrency close in on a support point at the $1,540 mark. This comes as the 10-day (red) moving average continued to trend lower and extend its downward cross with the 25-day (blue) trend line. The last time bears forced a breakout below the aforementioned floor, ethereum went on to fall to a seven-month low. 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
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- ethereum (ETH) made slight gains on hump day, as it continued to hover around the 1,580 mark. Following a low of 1,554.40 on Tuesday, ETH/USD climbed to an intraday peak of 1,584.73 during the day. Earlier gains have since eased, with ethereum now trading at 1,577.40, with short-term bulls still targeting the 1,600 zone. This may be difficult to achieve as momentum appears bearish, with the 10-day (red) moving average continuing to trend downwards. Whilst at a reading of 45.75, a ceiling awaits ETH’s price strength at the 49.00 zone, and should it move beyond this, there will likely be an influx of bulls. 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
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) is largely unchanged at the time of writing, as the cryptocurrency consolidated to start the weekend. ETH/USD reached a high of 1,571.75 on Friday, it has since fallen to a current reading of 1,546.80. This is slightly higher than yesterday’s low at $1,538.09, marginally above a support point of 1,535. The drop in price coincides with the RSI failing to breach its own point of resistance at the 40.00 mark. price strength is at the 37.46 level, with the 10-day moving average trending downwards. 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
4
$FXS Performing Falling wedge CRYPTOCAP:FXS Performing Falling wedge in 1D Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation.
Long
by Crypto-Adda_Official
📈Ethereum analysis, Weekly insight into price behavior📉BINANCE:ETHUSDT COINBASE:ETHUSD Hello dear traders. Due to the increase in trading volume in the last candles, I'm going to do some weekly Ethereum analysis. In the next few days, Ethereum is expected to stabilize around the 1.6K - 1.75K. If the price breaks below the mentioned area, the price will drop to the level of 1.5K (probably price receive support here) and then 1.2K. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Long
by CrazyS
6
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- ethereum (ETH) remained in the red, following the recent decision by the Ethereum Foundation to trade 1,700 tokens. After a high of 1,596.97 to start the week, ETH/USD retreated to a low of 1,553.01 late in yesterday’s session. This saw the cryptocurrency hit a one-month low, prompting bulls to buy the dip, and pushing the price to a current reading of 1,580.44. it seems that the recent decline has pushed the 10-day (red) moving average close to a downward cross with its 25-day (blue) counterpart. In the event that this occurs, there will likely be further sell-offs, with ethereum almost certainly falling below 1,500. 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
5