$RNDR performed Descending broadening$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.
Ethlong
$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.
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.
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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!
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.
ETHUSD LongEthusd long position, risk reward 1/2
SL $1850 - TP$1950
I don't use tp on this position, maybe this is the beginning of new bull run...
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.
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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!
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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.
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ETHUSD 14/09 MovePair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Bearish Channel in Short Time Frame as an Corrective Pattern and Breakout the Upper Trendline. Consolidation Phase and Completed " AB " Corrective Wave if it Breaks the Demand Zone then Buy
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) moved away from Tuesday’s six-month low, climbing back above 1,600 in the process.
ETH/USD peaked at 1,616.54 in today’s session, following a bottom at 1,582.22 less than 24 hours before.
As a result of the rebound in price, the RSI has now moved out of oversold territory and is hovering below a key ceiling.
Currently, the aforementioned resistance sits at 40.00, with price strength currently residing at 39.40.
Should this zone be broken, then there will likely be a push above the 1,620 support point.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) has also experienced a high level of volatility in the past 24 hours, falling to a multi-month low in the process.
ETH/USD dived to a low of 1,533.43 during yesterday’s session, before rebounding, and is currently trading at 1,619.11.
As a result of Monday’s drop, ethereum fell to its lowest level since March 12, when price was under 1,500.
today’s rally saw the RSI move away from the oversold zone, and it is now at a reading of 41.52.
This is marginally above a ceiling of 41.00, with a level of 50.00 the apparent target for short-term bulls.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) edged lower to start the week, with price falling below the $1,600 level on Monday.
After peaking at 1,627.67 on Sunday, ETH/USD raced to an intraday low of 1,581.79 during today’s session.
This resulted in the world’s second-largest cryptocurrency falling to its lowest level since August 22.
The decline arrives as a breakout occurred on a price floor of 1,620, with bears rushing into the market as a result.
Price strength is now oversold, and is tracking at 31.27, with the next support point at the 28.00 zone.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum’s price has been in a low volatility period, booking a modest loss of 1.7% this week. With the price under the key resistance at $1,660, the bulls appear unable to take ETH higher at this time.
The current support levels are found at $1,550 and $1,440, with the latter having the most confidence to stop sellers should they increase their pressure at these levels.
Ethereum remains in a downtrend with momentum favoring the sell side. A test of the key support at $1,440 appears likely in the next few weeks if nothing changes especially if Bitcoin breaks below $25k.
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$DAR Performing Falling wedge NYSE:DAR 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.
Ethereum's Next All-Time High: When to Expect ItHi guys,
In the fast-paced world of cryptocurrency, making accurate predictions is both an art and a science. As a self-taught quant trader and investor, I've delved deep into cycle and trend analysis for ETH/USDT. This analysis points towards an exciting turn of events post-November 2023.
Anticipated Bull Market
Based on my trend analysis, it is highly probable that we will witness the commencement of a bull market come November 2023. This projection hinges on a comprehensive assessment of historical cycles and emerging trends.
Two Scenarios, Two Peaks
1. Second Half of 2024:
One possibility is that we might see the value shoot up to its highest point (ATH) in the latter half of 2024. This shows how things can change in the crypto world.
2. First Quarter of 2025:
Another equally good possibility is that we might hit a new all-time high by early 2025.
Both projections are grounded in a meticulous evaluation of market indicators and historical patterns.
While these projections hold promise, it's imperative to remember that the cryptocurrency market is inherently volatile. Flexibility and adaptability are key. Always be prepared to recalibrate strategies in response to unforeseen market shifts.
Feel free to pass along these ideas to your fellow traders and friends. It's awesome to hear different perspectives.
Disclaimer: This content is shared for educational and informational purposes only and does not constitute investment advice.
PS: Please examine the chart on a logarithmic scale. Otherwise, the plots become confusing.
$Tru is still Looks beautiful All the Low cap Coin bounce NYSE:TRU is still Looks beautiful All the Low cap Coin bounce TRU has not pumped strongly.
NYSE:TRU gains good following from this region with a lot of potential than I gave 0.0280 0.0307 contradicts support. It will be like that until we break the resistance .0.0363 with high volatility.
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) also edged higher during Friday’s session, with bulls pushing the price closer to the 1,700 level.
After trading at a low of 1,617.80 on Thursday, ETH/USD rallied to an intraday high of 1,657.30 earlier in the day.
gains have since faded, with the world’s second-largest cryptocurrency now trading at 1,626.05.
A failed move beyond a resistance zone of 40.00 seems to be one reason for the reversal, with the RSI now tracking at 37.41.
Should momentum continue to slip, a floor of 35.00 could provide a stable base, and if this fails, ETH could slip under 1,600.
I have tried to bring the best possible outcome to this chart.
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$HOOK Retesting Falling Wedge also Try to Break RangeNASDAQ:HOOK Retesting Falling Wedge also Try to Break Range
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.
ETH/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) tracked close to a support point of 1,630 for a fourth straight session, as traders continued to fight to secure market momentum.
Following a low of 1,611.15 on Wednesday, ETH/USD spiked to a peak of 1,656.93 earlier in the day.
Price has since slipped, with the world’s second-largest cryptocurrency now trading around the 1,626.20 level.
The decline came as the 14-day relative strength index (RSI) hovered near a floor of its own at 36.00.
the index is now tracking at 36.30, with a move lower likely to trigger an increase in bearish pressure.
A move below 1,600 remains a real possibility for the coming days.
I have tried to bring the best possible outcome to this chart.
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ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !hello, welcome to this ETH/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Ethereum (ETH) remained close to the 1,630 level during today’s session, despite attempts by bears to force a breakout below 1,600.
ETH/USD has climbed away from an earlier low of 1,610.14 on Wednesday, with the price going on to peak at 1,635.29.
the 10-day (red) and 25-day (blue) moving averages seem set for an imminent upwards cross, however price has yet to react to the prospect.
Ethereum’s price strength now sits at a reading of 36.80, marginally above a floor of 36.00, however, a ceiling of 44.00 is likely the real target for traders.
Should a reversal happen in the coming days, a move to this point of resistance will be enough to send ETH past 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.
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$HIGH soon Breakout If #high slowly moon to 1.4$ or 1.6$ then it pumps hard to 1.8$-2$ ,it's just
Among the current gamefi+metaverse projects, AMEX:HIGH is a good option for investors who want to follow the developing trend and make profit.
The good range for #Holders is $0.9 - $1.2. For #Traders , you should wait until AMEX:HIGH break $1.5 and move stable above that mark, then it's good for a swing #Long
