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ETHUSDT
ETH - Time to buy again!The price has formed a Triangle on the 4h time frame, and if it breaks out, it can drive the price up to around $3K.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ETH disappointed everyone, but not meThe recent ETH capitulation reminds me of March 2020.
A false break from the triangle up -> big drop down -> start of the rally.
People thought ETH was dead, but then the game changed.
I think we will soon see history repeat itself.
ETH did not disappoint me because I had been waiting for the fall for a very long time
And we reached the largest horizontal volumes
Best regards EXCAVO
ETHUSDT 4HETHUSDT (4H Timeframe) Analysis
Market Structure:
The price is consolidating within a symmetrical triangle pattern, indicating a phase of indecision in the market. This formation suggests that the price is preparing for a breakout, but the direction is uncertain until a confirmed move occurs.
Forecast:
A breakout in either direction will determine the next potential trend. Traders should wait for a clear breakout with volume confirmation before entering a trade.
Key Levels to Watch:
- Entry Zone: A breakout above the resistance trendline may indicate a buying opportunity, while a breakdown below the support trendline could signal a selling opportunity.
- Risk Management:
- Stop Loss: Placed beyond the breakout level to minimize risk.
- Take Profit: Target key resistance or support levels, depending on the breakout direction.
Market Sentiment:
A symmetrical triangle reflects market consolidation, and a breakout will confirm the next move. Waiting for confirmation helps avoid false breakouts and aligns trades with the prevailing momentum.
ELFUSDT UPDATEELFUSDT is a cryptocurrency trading at $0.3090. Its target price is $0.5000, indicating a potential 60%+ gain. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about ELFUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. ELFUSDT is poised for a potential breakout and substantial gains.
ETH ANALYSIS🔮 #ETH Analysis - Update 🚀🚀
💲 WAs we can see that #ETH took a good support from its major support lime. We could expect a good move after it cross $3000. After that we could target for $4000.
💸Current Price -- $2700
📈Target Price -- $3000
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #Breakout #DYOR
ZK Updaterode this one back to the entry (even after the trendline from 5th Aug was broken)
in-detailed explanation in the USDT.D chart (give it a read if you want to find out how to spot strong reversal areas)
I've explained in detail what I'm expecting in this year. Please refer to the previous posts for in-depth analysis and thoughts. Too tired to write anything now :)
TLDR for the lazy ones: Late Feb-April, I'm expecting a massive rally. 100% loaded here personally!
APT Update - Who else was a great painter?After the brutal 3rd Feb drop (explanation in USDT.D chart - link at the end of post), the downward wedge failed but EW count is still valid)
After the brutal 3rd Feb drop (explanation in USDT.D chart - link at the end of post), the downward wedge failed but EW count is still valid
I've explained in detail what I'm expecting in this year. Please refer to the previous posts for in-depth analysis and thoughts. Too tired to write anything now :)
TLDR for the lazy ones: Late Feb-April, I'm expecting a massive rally. 100% loaded here personally!
ETH UpdateAfter the brutal 3rd Feb drop (explanation in USDT.D chart - link at the end of post), the downward wedge failed but EW count is still valid
I've explained in detail what I'm expecting in this year. Please refer to the previous posts for in-depth analysis and thoughts. Too tired to write anything now :)
TLDR for the lazy ones: Late Feb-April, I'm expecting a massive rally. 100% loaded here personally!
CAKEUSDT UPDATECAKEUSDT is a cryptocurrency trading at $21.85. Its target price is $3.500 is likely incorrect, as it would be a significant price drop. However, assuming the target price is actually higher, a more plausible target would be around $39.41, indicating a potential 80%+ gain. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about CAKEUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns.
Is ETH Done Dropping?A few days ago, the crypto market experienced another brutal sell-off, leaving most traders in despair.
But historically, whales love to shake people out before pushing prices up.
Looking back at past bull runs, it’s common to see a sharp crash forming a bearish pattern, only for the price to suddenly skyrocket—leaving everyone behind.
Will it happen again this time?
I can’t say for sure.
But based on the overall market structure— BINANCE:BTCUSDT , BINANCE:ETHUSDT , CRYPTOCAP:BTC.D , CRYPTOCAP:OTHERS , CRYPTOCAP:TOTAL3 —the bull market still seems intact.
Now, let’s talk about ETH.
The recent crash completely invalidated the inverse head-and-shoulders pattern, and that massive wick just happened to hit the weekly M-top target (light blue line).
Zooming out, the massive symmetrical triangle (yellow lines) from 2022 is still holding.
It looks like the whales intentionally broke below the triangle to create a bearish illusion and scare people into selling.
They did the same thing last August to November—three months of shaking out weak hands at the lower edge of the triangle.
At the time, many turned bearish.
Then, whales pumped ETH back into the triangle and even broke the upper boundary.
So right now, we see similar bearish traps :
An M-top that didn’t break the neckline.
A fake breakdown below the triangle’s lower edge without follow-through.
To me, this seems like another deliberate move to clean up weak hands.
Short-term, we’ve probably already hit the bottom.
From here, we’ll watch how the chart develops.
If you’re looking to enter, now seems like a reasonable time—but make sure you set a strict stop-loss.
🔴 for more future script "guesses" like this!
The key is whether it can rise above 2706.15-2879.90
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(ETHUSDT 1M chart)
As it falls below 2706.15, the possibility of a downward trend is increasing.
Accordingly, the key is whether it can receive support near 2513.01-2706.15 and rise above the MS-Signal (M-Signal on the 1M chart) indicator.
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(1D chart)
Therefore, the key is whether it can be supported around 2316.10-2513.01 and rise above 2706.15-2879.90.
The next volatility period is around February 16, which is the same as the volatility period of BTC.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
As you can see from the LOG chart, the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the upward trend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the upward wave.
The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you to decide how to view and respond to this.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
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
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ETHEREUM: Bouncing on crucial support level!!Join our community and start your crypto journey today for:
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Let's analyze ETHUSDT :
Ethereum is currently supported by two key zones:
Horizontal Support ($2191 - $2550): A critical area for buyers to defend. A break below this range could signal further downside.
Trend Support: This zone has been holding ETH since September 2020, providing strong support.
Importantly, these two support zones are currently overlapping.
ETH is holding above the 200-day EMA on the 5-day chart, indicating bullish momentum.
A weekly close above $2.1k could signal a potential bullish trend for ETH.
Major resistance lies in the $3.8k - $4.1k range, requiring a significant 45% rally from current levels.
Entering ETH at current levels appears to have lower risk due to the strong support zones and positive technical indicators.
Support Levels:
CMP to $2531
$2071 to $2311
Resistance Level:
$3.8k to $4.1k
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