ETHUSDT Triangle formation in 1H chartETHUSDT Technical analysis update.
ETHUSD is forming a triangle pattern on the 1H chart at a major resistance level. The price could touch the triangle's support again before breaking out. A bullish move can be confirmed once the price breaks the resistance line.
Buy after the breakout is confirmed on the 1H chart.
Regards
Hexa
ETHUSDT
ETH / BTC Secondary trend. Descending channel. Wedge. 18 10 2024A local wedge-shaped formation has formed in the descending channel in this ETH/BTC trading pair. There is potential for a breakthrough and price growth, to the resistance of this descending channel. Perhaps after consolidation. If this happens, then most of the “long-suffering” altcoins will similarly go up in price, but with a larger %. The local alt season will begin.
This trading pair clearly shows how money flows from one high-cap asset to another. Shown on the chart. Look at the time and the Bitcoin to Dollar chart, at the time of the breakout of the symmetrical triangle of the distribution zone downwards (weakness of Ethereum relative to Bitcoin). Since then, Bitcoin has grown in price by almost +200%. While Ethereum relative to Bitcoin has weakened by as much as -50%.
Now there is a reverse flow of bitcoin into ether, and some alts, for about 1.5 months already. Then, the money will flow into a variety of alts, which will consequently be reflected in their prices a little later. Today is a significant date 18 10 2024. There are 18 days left until the US presidential election.
Remember, about this, where this zone is in the main trend.
ETH/USDT: Ready for Liftoff? $3,500 Target in Sight!Hey everyone!
If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates!
ETH is looking incredibly bullish right now. It just broke out of a symmetrical triangle on the 8-hour time frame, signaling potential for a strong upward move. I’m eyeing a push toward the $3,500 level.
Target: $3,400 - $3,500
Stop-Loss: $2,500
What are your thoughts on ETH’s current price action? Are you spotting this bullish setup too? Drop your analysis in the comments below, and let’s ride this wave together! 🚀
ETH/USDT CHART UPDATE !!ETH/USDT chart update shows Ethereum trading within a descending channel pattern. The recent price action indicates that ETH is testing the upper boundary of the channel as potential resistance.
Ethereum is consolidating within a clear descending channel, and the upper trendline is currently acting as resistance.
The price is struggling to break above the channel's resistance, which could result in a pullback if the breakout fails to materialize.
The lower boundary of the channel and the horizontal support zone below it remain key levels to watch for any potential downside movements.
Ethereum manages to break out of the descending channel with strong momentum, it could signal a bullish reversal. However, failure to do so may lead to further consolidation or a retest of lower support levels. Traders should monitor these levels closely to anticipate the next significant move.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Ethusdt trading strategyThis Ethereum (ETHUSDT) chart shows the price consolidating within a symmetrical triangle pattern. Currently, ETH is moving near the upper boundary of the triangle around $2,620, indicating potential breakout scenarios.
Bullish Scenario: If ETH breaks above the triangle's resistance, it could trigger a sharp upward movement, potentially reaching higher price levels around $2,800 or beyond.
Bearish Scenario: On the other hand, if the price fails to break out and moves lower, it may retest the support area near $2,500, which could provide another buying opportunity.
This consolidation pattern suggests that a significant move is coming soon. Traders should keep an eye on the triangle's boundaries for a clear breakout or rejection to define their next steps.
No matter what you do, the basic chart is the 1D chart
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
In order to analyze the chart, you will use various chart tools.
However, if there are no support and resistance points drawn on the 1M, 1W, and 1D charts, you will find that it is difficult to conduct actual trading.
In order to explain how the trend changes when there is a certain movement at the support and resistance points shown on the chart, I provided a basis by using chart tools.
However, if you trust the support and resistance points drawn on the chart, you do not need to use various chart tools separately to find such basis.
--------------------------------------
The 64748.70-65920.71 section is formed by the HA-High indicator of the 1D, 1W charts.
Therefore, if it is supported and rises in this section, it is highly likely to show a stepwise uptrend.
If it falls in the 64748.70-65920.71 section, it is highly likely to touch the HA-Low indicator.
-
BW (100) point of the 1W chart: 68393.48
BW (100) point of the 1M chart: 71280.01
BW (100) point of the 1D chart: 73072.41
BW (100) lines are formed at the above points.
The formation of the BW (100) line means that the MACD, DMI, and OBV indicators are showing strength.
Therefore, just like the HA-High indicator, the BW (100) point can be said to have shown a high point range.
Therefore, if it rises above the BW (100) point, it can be seen that there is a high possibility of a strong upward trend.
-
In this sense, we can see that the current high point range is the 61099.25-73072.41 range.
Since the HA-High indicator or the BW (100) point moves and is created by volatility over time, we should carefully observe when there is a change in the high point range.
This is because at that time, there is a high possibility of creating a new wave.
-
The lines that make up the MS-Signal indicator are M-Signal and S-Signal.
Of these two lines, the important line is M-Signal.
Therefore, the M-Signal lines on the 1M, 1W, and 1D charts serve to indicate trends.
It was created so that you can see the overall trend on any time frame chart.
Therefore, the current indicator (HA-MS) can be said to be an indicator that expresses everything.
-
You can mark the HA-Low, HA-High, BW (0), BW (100), and Mid (50) points on the 1M, 1W, and 1D charts and use them as support and resistance points on the time frame charts you mainly trade.
As I mentioned earlier, you can check the arrangement of the M-Signal lines on the MS-Signal indicator and create a trading strategy that matches the trend.
It is recommended to start trading when the price is maintained above the M-Signal line on the 1M chart at least.
If possible, it is better to start trading when the price is maintained above the M-Signal of the 1W chart when the M-Signal of the 1W chart > the M-Signal of the 1M chart.
(ETHUSDT 1D chart)
Therefore, ETH is currently not a good state to trade.
-
The StochRSI indicator seems to be showing a downward trend.
However, it has not yet fallen from the overbought zone or has not yet turned into a state where StochRSI < StochRSI EMA, so it should be interpreted that the current upward strength is strong.
Therefore, caution is required when trading because there is a possibility of further increase.
In any case, the 64748.70-65920.71 range is formed at the current price position, so the key is whether it can be supported and rise near this range.
-
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: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
Sell ETH/USDT Channel BreakoutThe ETH/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2620, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2488
2nd Support – 2410
Stop-Loss: To manage risk, place a stop-loss order above 2700. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Ethereum, patience is the key for longsEthereum is a different story.
It's more challenging to catch, but the bullish arguments are also strong on higher timeframes. However, if you're aiming for a solid long position, patience is key. Set alerts at crucial levels like the weekly bullish FVG and the two daily bullish FVGs. The price is currently moving to provide a fair value for supply.
For now, this is the main idea I have in mind.
BINANCE:ETHUSDT
ETH/USDT 1D chart review Long-TermHello everyone, let's look at the current ETH situation considering the time frame of one day. In this situation, we can see how the price will send up from the triangle.
Let's start by setting goals for the near future, which include:
T1 = $2,667
T2 = $2763
T3 = $2,891
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $2587
SL2 = $2528
SL3 = $2,429
SL4 = $2,357
ETH/USDT 1D chart review Long-TermHello everyone, let's look at the current ETH situation considering the time frame of one day. In this situation, we can see how the price will send up from the triangle.
Let's start by setting goals for the near future, which include:
T1 = $2,667
T2 = $2763
T3 = $2,891
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $2587
SL2 = $2528
SL3 = $2,429
SL4 = $2,357
ETH/USDT Approaches Key Resistance After Double Bottom Breakouthello guys!
Key Observations:
Double Bottom Pattern:
A well-defined double bottom pattern formed around the $2,307 zone.
The neckline breakout has occurred, and the price is nearing the projected target of the double bottom pattern, around the $2,730 area.
Resistance Zone (Blue Box):
The price is approaching a key resistance area between $2,680 and $2,730.
This area represents a major challenge for bulls, as it's a historical level where selling pressure previously increased.
Ascending Channel:
ETH is trading within an ascending channel, with higher lows and higher highs.
The upper boundary of the channel aligns with the resistance zone, indicating the confluence of a strong resistance level.
Potential Targets:
If the price breaks above the resistance area, the next target lies around $2,800, which is the upper boundary of the ascending channel.
On the downside, if the resistance holds, a pullback toward the support of the channel around $2,560 to $2,480 is possible.
Engulfing Pattern at Support:
A bullish engulfing pattern at the double-bottom zone initiated the current rally, showing strong buying interest in this region.
SasanSeifi| Is Ethereum Poised for a Move to Higher Levels?Hey there, ✌ In the daily timeframe analysis, as shown, the price has entered a downward trend from the $4,000 range. Following this price drop, it reacted at the important support level of $2,100, oscillating between the price ranges of $2,100 to $2,800. Currently, after observing demand at the $2,300 level, the price has experienced slight positive fluctuations and is trading around $2,600.
Based on the candlestick behaviour, it is anticipated that in the short term, the price may rise towards the important resistance levels of $2,700 to $2,820, with some minor positive fluctuations. If the price breaks above $2,820 and stabilizes in lower timeframes, the likelihood of further price growth towards the resistance zone of $3,000 to $3,250 increases. In such a scenario, monitoring the price reactions at these levels will be essential for evaluating the next trend. However, if the $2,820 level is not breached and the price fails to maintain its stability, the possibility of a price retracement may rise.
The long-term outlook remains bearish, with expectations for the price to move towards the $1,800 to $1,500 range.
In the daily timeframe, the $2,450 to $2,300 levels serve as critical support. Maintaining the price above these levels is crucial for the desired scenario.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
If you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
ETH/USDT Analysis Update!Ethereum shows signs of resistance near the upper trendline within a descending channel, indicating a potential pullback in the near term.
Ethereum is currently testing the resistance level at the channel's upper boundary. Previous attempts to break the above have resulted in pullbacks, which could happen again if buying pressure does not increase.
The highlighted yellow area is a crucial support area, where buying activity has provided consistent upside in the past.
The recent price action indicates a potential bearish divergence, indicating potential downward movement if confirmed.
Consider a short position if the price fails to break the resistance level.
A stop-loss can be placed slightly above the resistance line to manage risk.
Target the lower support area around $2,270 to $2,210 as a potential area for profit-taking.
Continuous monitoring of Ethereum’s price action around the resistance level will be crucial to anticipate the next significant move.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Ethereum Eyes Breakout Above Key Resistance
In this 1-hour ETH/USDT chart, Ethereum shows strong upward momentum, highlighted by the large blue arrow.
Key Points:
Clear Uptrend: Ethereum has been moving in a steady uptrend, reflected in the price action staying above the moving averages. This signals that buyers are still in control, with higher highs and higher lows forming consistently.
Support Area: The green zone, around $2,590 to $2,600, acts as a solid support level. Price may pull back here before finding enough buying interest to push higher again.
Resistance Zone: The red area, between $2,670 and $2,690, is a key resistance where the price has previously struggled to break through. If Ethereum tests this level again, it could be a critical turning point.
Potential Move: The chart hints at a possible dip back to the support zone, followed by a bounce towards resistance. If the price breaks above the $2,690 mark, it could rally further, with a target potentially around $2,748.
ETHUSD long using proprietary multi-timeframe trend detectionExecuting this on M5 time frame as I usually do, taking into account H1 and H4 with D1 200D EMA as possible next resistance and TP1.
Entry: 2618.11
SL: 2584.80
TP: 2791.51
Upon clearing 2660 I'll move the SL a little higher than BE. H4 close above that area would likely do the trick to cement a continuation higher.
ETHUSDT.P M5 Execution:
Oct.8-Oct.14(ETH)Weekly market recapLast week, the U.S. CPI data for September was released. Although the CPI figure was higher than expected, it was still lower than the previous value. We believe that once the Federal Reserve enters a rate-cutting cycle, as long as the CPI data does not significantly deviate from expectations, the market will not price in a recession or an inflation rebound. It will generally lead to a positive outcome. After going through an aggressive rate-hike cycle and entering a rate-cutting cycle, capital will no longer need to worry about changes in liquidity. In the early stages of rate cuts, investors will need to consider which market to enter to achieve high returns.
We observed the performance of the Chinese stock market at the end of September, and yesterday, the BTC ETF saw an inflow of over $500 million, the largest inflow in the past three months. Capital is starting to flow back into the cryptocurrency market, and this continuous inflow is providing price support.
ETH, which had been relatively underperforming, also saw a certain level of pump yesterday, with the price nearing previous highs. However, from the ME indicator, it can still be seen that short positions are dominating ETH. The WTA indicator shows no signs of whale activity.
In summary, we believe ETH is likely to experience a week of consolidation. We maintain the previous resistance level of 2,800 and support level of 2,100.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
The key is whether there is support near 2621.99
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
ETH is in a reverse array.
Therefore, it is not attractive to start trading.
Therefore, the point of observation is whether it can turn into a regular array when the price is maintained above 2621.99.
Based on the current price position, it is expected that a full-scale uptrend will begin only if it rises above the 3265.0-3321.30 range.
Therefore, the 2621.99-3321.30 range can be considered a buy range.
So, rather than rushing to buy, I think it would be better to wait until the chart is at a level where you can trade.
-
The Mid (50) line is showing signs of being newly created.
Accordingly, the support near the Mid (50) line is the key.
Since the Mid (50) line is expected to be created near the M-Signal indicator of the 1W and 1M charts, near 2621.99, this section is becoming more important.
Therefore, if the price is located near 2621.99 when the M-Signal indicator of the 1D chart rises above 2621.99, then I think it would be a good time to buy.
-
If you bought near the BW (0) line or the HA-Low indicator, the area near 2621.99 is the first split trading area.
As I mentioned above, if you bought around 2621.99 when the chart was created, the BW (100) line or the HA-High indicator is the split trading area.
Currently, the BW (100) line is formed at 2627.76, and the HA-High indicator is formed at 3787.59.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin when it rises 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: 134018.28
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
-----------------
ETH Long $2475! Ethereum Entering Long Zone!🤖🔥🚀 The 50MA on the daily chart aligns perfectly with the $2475 level + a squeeze!
Great entry point for a long!
ETH Long $2475!
Entry model: Breakout
First target: $2551
Second target: $2659
💡 ETH is currently a low-volatility coin with high volume. Leverage: 20x-50x!
Short stop-loss.
Buying ETH in the price range of $2330 to $2500I have two price scenarios for ETH
Scenario 1: If the price drops from this range and reaches $2,500, you can start buying from the same area and maintain it until the final target of $3,000.
Scenario 2: After the price falls to the resistance zone in the range of 2730-2820 and reaches the range of 2330-240 dollars, take a buying position from that area and hold it until the target of 3000 dollars.
ETHEREUM look bullish (4H)Ethereum seems to be forming a bullish triangle.
From where we placed the red arrow on the chart, it seems that the correction of ETH has started.
We now seem to be in wave D of this triangle.
We are looking for buy/long positions in the green range.
Closing a daily candle below 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