Ethereum Moving Towards the Rise!Hi!!
After a long time, I came to give you an analysis of Ethereum
As you can see, Ethereum is forming a double bottom pattern in its corrective movement in its support range (1640-1600). At the limit of 1606, with the return of the trend and the formation of the double bottom pattern in the first target, it will reach the range of 1660, and after breaking the neckline and completing the pattern, it can move to the second target, that is, up to the range of 1750.
Ethsignals
ETH at weekly 0.618 FIB Retracement-ETH reached a new high at 1751 in recent weeks, creating a resistant zone 1725-1751. It then drops about $126 to a support zone @1625-1641
-This support zone is also a weekly 0.618 Fib Retracement zone.
-STO oversold
-Current Price above ma 200
-Next support @1580-1594
Watch the Price above 1H Bear Trend Line for another test at the resistant zone.
What do you think?
ETH ☁️ 24 Hours, Bearish Outlook, ☀️ Back in One Week? Clouds ☁️ lie ahead for the global crypto market, including Ethereum and Bitcoin, in the next 24 hours, signaling bearish trading conditions and downside risk.
Over a one-week horizon, ☀️ sunnier trading conditions with a few 🌤️ clouds lie ahead for the global crypto market, including Bitcoin and Ether. This indicates that a slightly bullish market with upside potential is likely.
Some altcoins, including XRP, Binance Coin, Dogecoin and Chainlink continue to face slightly 🌦️ bearish trading conditions.
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BTC Implied Volatility Surpasses ETH, Urging Traders to ExerciseIntroduction:
In recent times, the cryptocurrency market has witnessed a significant surge in volatility, causing traders to reassess their strategies and approach. Notably, Bitcoin (BTC) has experienced an unprecedented level of implied volatility, surpassing that of Ethereum (ETH) over the last 10 days. As a trader, it is crucial to recognize this heightened uncertainty and take a conservative stance to protect your investments. This article aims to shed light on the current market conditions and provide a call-to-action for traders to exercise caution until a more predictable trend takes shape.
Understanding Implied Volatility:
Implied volatility refers to the market's expectations of future price fluctuations. It is an essential metric that traders utilize to assess the potential risks and rewards associated with a particular asset. When implied volatility is high, it indicates increased uncertainty and potential price swings, making trading decisions more challenging.
BTC Implied Volatility Surpasses ETH:
Over the past 10 days, Bitcoin has experienced a surge in implied volatility, surpassing that of Ethereum. This development suggests that the market perceives Bitcoin to be more unpredictable and prone to sudden price movements compared to its counterpart. While Bitcoin's volatility has always been a characteristic of the cryptocurrency, the current levels are noteworthy and demand careful consideration.
The Importance of a Predictable Trend:
In times of heightened volatility, it becomes increasingly difficult to make accurate predictions and execute profitable trades. As a conservative trader, it is crucial to prioritize risk management and protect your capital. By pausing BTC trading until a more predictable trend emerges, you can avoid unnecessary exposure to potential losses and navigate the market more effectively.
Call-to-Action: Exercise Caution and Wait for a Predictable Trend:
Considering the current market conditions, it is prudent for traders to exercise caution and refrain from trading Bitcoin until a more predictable trend takes shape. By adopting a conservative approach, you can minimize the risks associated with heightened volatility and protect your investments. Instead, focus on monitoring the market, analyzing price patterns, and identifying key indicators that may indicate a more stable trend.
In the meantime, consider diversifying your portfolio by exploring other cryptocurrencies or traditional assets that may offer more stability. This approach allows you to mitigate potential losses and maintain a balanced investment strategy.
Conclusion:
As BTC implied volatility tops ETH for a record over the last 10 days, it is essential for traders to acknowledge the increased uncertainty in the market. By adopting a conservative tone and urging caution, this article emphasizes the significance of waiting for a predictable trend before resuming BTC trading. Remember, protecting your capital and prioritizing risk management are key to long-term success in the ever-evolving cryptocurrency market.
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. 🌞
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$PHB Soon BREAKOUT and FLIP LEVEL #PHB Massive Falling Wedge making here!
Can breakout above 0.60$ for a MASSIVE BULLISH IMPULSE WAVE! 📈
The On-Balance Volume (OBV) is reaching new highs, indicating strong buying pressure.
Since June, it has maintained an upward trend.
A close above 0.56 would serve as confirmation for further upside potential.
$PYR Performed Bullish Symmetrical BREAKOUT DONEWhat 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.
ETH 🌧️ 24 Hrs Ahead; ☀️ Back Next Week Rainy and cloudy weather 🌧️ is ahead for the global crypto market over the next 24 hours due to SEC's ETF delay.
But a slightly bullish sun will shine on Ethereum and Bitcoin over a one-week horizon ☀️, while smaller altcoins like XRP, Binance, and Cardano face cloudier conditions, signaling a bearish trend with downside risk. 📉
Follow us for more crypto weather reports! ☀️
$AMB soon Started I haven't had a chance to get on the MIL:AMB train yet LOL
MIL:AMB seems have a big pump
MIL:AMB has formed falling wedge in Daily TF and is so close to its breakout point in case of Successful Breakout and Retest we will see a Bullish wave in it📈🚀
#ETH - thoughts out loud №1Good evening from Ukraine!
Dear colleagues, I am sincerely pleased to welcome you, thank you for reading my vision of the current situation.
To put it briefly, we need to shake things up in order to continue moving upward. And no one is interested in this, because professional market operators do not even know about your existence.
Thank you all for your attention, I wish you success.
Sometimes you win /sometimes you learn .
- thoughts out loud
- thoughts out loud
- thoughts out loud
BINANCE:ETHUSDT