what if ethereum is a scam and mi is going down.what if ethereum is a scam and mi is going down.
Preparing to break the trendline.
The amount of ethereum is holding now is not enough.
The world situation is unstable, and only cryptocurrency investors are buying and investing, capitalization is getting smaller and smaller, money is not coming into the system, and at the expense of what the price will grow?
I've marked the zones where we can fall.
What are your thoughts?
ETHUSDTPERP
ETH Triangle Pattern on Daily ChartETHUSDT Technical analysis update
ETH is currently forming a triangle pattern on the daily chart, indicating potential consolidation. The price could dip to $2,250 before a possible breakout to the upside.
We can confirm the bullish move once the price breaks the triangle resistance and crosses the 100 and 200 EMA on the daily chart.
#ETH Ascending Triangle📊#ETH Ascending Triangle 📈
🧠From a morphological point of view, we have the opportunity to form an ascending triangle here. Generally, we will break through in the direction of the trend, which is also regarded as the last period of rise.
➡️From a structural point of view, the short defense point is broken, which means that the short structure is destroyed, then we are left with only a bullish expectation. If the price returns to the yellow support zone, we can consider participating in some long transactions.
Let’s see 👀
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#ETH New Trading Opportunities 📊#ETH New Trading Opportunities 🔥
🧠From a structural point of view, because there is a double top bearish structure, there are some contradictions here. If we can break through the short defense point and destroy the short structure, then only bullish expectations will be left after the callback. If If the price can return to the support area again, then we do not need to hesitate and enter the long transaction directly.
⚠️Note that if we rise to the red target area in advance, then this view will be invalid, because after the long target of the large structure is achieved, the callback may fall below the support area here.
Let’s see if it goes as expected👀
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BINANCE:ETHUSDT.P
#ETHUSDT: Ready to Explode, Get Ready For Big MoveDear Traders,
Hope you are doing great, we have an excellent update on ETH, possibility of big move is inevitable. We wanted to make sure that we have right area to buy eth and that is why we were watching the crypto pair since long time now. Now we think there is high possibility of price touching the previous HH on daily and monthly candle. Please be minded that, this is not 100% confirm and instead take this as a possibility.
#ETH Bearish Head and Shoulders📊#ETH Bearish Head and Shoulders❓
🧠The trend direction is still a bullish trend, but currently we are in the resistance zone, and it is impossible to chase the rise in the resistance zone. On the contrary, it is reasonable to do some short-term short transactions. From a structural perspective, there is currently an opportunity to build a bearish head and shoulders structure in the resistance area, which will be established upon breaking through the inflection point of 2527.69. If this structure holds, then we can expect the price to return to the vicinity of the neckline buy zone.
Let’s see 👀
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#ETH reaches the target area 📊#ETH reaches the target area ✔️
🧠From a structural point of view, we have constructed a bullish double bottom structure near the buying zone. Currently, the goal of this structure has been achieved. We need to be wary of the risk of a pullback and do not chase the rise under selling pressure.
➡️Breaking through the neckline 2463, which means that a larger double bottom long structure is established, and the general trend direction is still a bull trend, so the main focus is on long positions. New long trading opportunities can focus on the support performance of the neckline buying area 2392-2463 and the upward trend support line.
Let’s see 👀
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#ETH arrives at the buying area📊#ETH arrives at the buying area✔️
🧠From a structural perspective, we have constructed a bearish double top structure in the resistance zone. Currently, the goals of this structure have been fully achieved, so we need to be alert to the occurrence of a rebound.
➡️We placed some long orders in the buying zone, and the rebound in the buying zone has already occurred. Therefore, we partially reduced our holdings when we reached the resistance zone again, and will use the remaining positions to look forward to more.
➡️If the strong rebound does not start from here, then you can focus on the next support area 2169-2193
Let’s see 👀
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#ETH Bullish Cup and Handle Structure📊#ETH Bullish Cup and Handle Structure📈
🧠From a structural perspective, we have constructed a bullish cup-and-handle structure near the 2400 resistance area. It has successfully broken through 2400 and the bullish cup-and-handle structure has been established, so we can still expect it to go higher. The next strong resistance is around 2500-2565, and we will use the remaining positions to look forward to it.
➡️If we continue to be hindered by 2400 and start to fall back, then we can pay attention to the support performance of the 2353-2371 support zone.
Let’s see 👀
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#ETH long structure is intact 📊#ETH long structure is intact ✔️
🧠From a structural perspective, the double bottom long structure has not been destroyed, so we can still look forward to higher targets. At present, we are still suppressed by the strong resistance of 2400. Only by breaking through the resistance here can we challenge the short defense point.
Let’s see 👀
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#ETH There are still goals to achieve, cautious bearish📊#ETH There are still goals to achieve, cautious bearish ⚠️
🧠From a structural perspective, we have constructed a double-bottom bullish structure near the buying zone. We have now reached the overlapping area of the periodic resistance zone and the downward trend line. It is reasonable to fall back when encountering resistance. However, the most ideal bull target area can still be expected. Before the double bottom structure is destroyed, please be cautious in going short.
Let’s see 👀
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#ETH Bullish Double Bottom Structure📊#ETH Bullish Double Bottom Structure📈
🧠From a structural perspective, we have constructed a same-cycle bull structure near the buying zone, which means that the downward trend is over. We need to be alert to the occurrence of a sustained rebound. The next strong resistance is near 2400.
Let’s see 👀
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#ETH Spot Trading Opportunities📊#ETH Spot Trading Opportunities🔥
🧠We eventually broke below the support zone, continuing the power of the bearish cup-and-handle structure, and the support zone turned into a resistance zone. If we continue to extend the downtrend, then we can consider buying some ETH after reaching the target area of 2078-2200 of the cup and handle structure.
Let’s see 👀
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#ETH Bullish Head and Shoulders Structure📊#ETH Bullish Head and Shoulders Structure❓
🧠From a structural perspective, we can see that an obvious bearish cup-and-handle structure has been established, but we need to note that this structure is established within the buying zone of the large cycle, so its effectiveness needs to be verified.
➡️Judging from today’s structural evolution, we have the opportunity to build a bullish head and shoulders structure in the buy zone. If this structure holds true, the bearish cup-and-handle structure will fail.
➡️ So if you followed my point of view to go short yesterday, then it is reasonable for you to lock in the main profits before looking forward to more. We did not participate in the short transaction of ETH because we have already done the short transaction of BTC, and their transaction logic is similar.
Let’s see 👀
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#ETH Bearish Cup and Handle Structure📊#ETH Bearish Cup and Handle Structure📉
🧠From a structural perspective From a structural perspective, we successfully constructed a bearish cup-and-handle structure after falling below the neckline of 2397.23. The ideal target area for this structure is 2078-2200. However, this structure is built in the buying zone of a large cycle, and I am not sure whether it can achieve its ideal goal.
📈Currently we are near the neckline resistance of 2397.23. If we fall from here to near the support area to build an hour-level long structure, then there is a high probability that we will not reach the ideal target area of 2078-2200.
📉If we rise directly to the inflection point resistance area, then the probability of us continuing to fall will be higher. Unless we can break through the short defense point, we should not be too optimistic.
Let’s see 👀
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#ETH Descending Triangle📊#ETH Descending Triangle📈
🧠From a graphical perspective, we have an opportunity to form a descending triangle near the buy zone. Maybe we need to be more patient and wait for a breakthrough after the price is compressed to the extreme.
⚠️When trading within this chart, we should try to be as conservative as possible, and learning to be content should be a good choice. Therefore, our long order yesterday automatically locked in the main profit after completing TP1. Congratulations to our friends who followed Wolf King to print money. 💰🍻
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#ETH Ascending Triangle📊#ETH Ascending Triangle📈
😱When you wake up, the price is still the same, but your position is gone. If you look closely, you will see that it has been liquidated. So we must realize the importance of risk management. Unfortunately, yesterday’s short order was not triggered because the difference was 14 points🤷♂️
🧠The current market is still in a shock stage, moving back and forth between the resistance zone and the buying zone. We are now in the red selling zone and relatively close to the resistance zone above, so chasing the rise is unreasonable. From a pattern perspective, we have the opportunity to form an ascending triangle here, and if we continue to break upward, we can try to place some short orders after reaching the resistance zone.
Let’s see 👀
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#ETH goal achieved📊#ETH goal achieved ✔️
🧠 From a structural perspective, the goals of the double bottom long structure have been fully achieved, so there is an expectation of a callback. As the upward trend support line is broken, it means that the previous period of rise is over, so we need to be alert to the risk of further decline. 📉
➡️The long order we got on the 28th was also hit and closed after the stop loss was moved up. However, we have already reduced our holdings twice, and the overall profit is still very generous. Congratulations to all the friends who followed Wolf King to print money. 💰🍻
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#ETH rebound has been achieved📊#ETH rebound has been achieved✔️
🧠From a structural point of view, we started the rebound after building a double bottom bullish structure near the buying zone. Currently, the goal of this structure has been achieved and it has reached the resistance zone, so we should lock in the main profits before looking forward to more , to prevent unforeseen circumstances from occurring and causing a sharp retracement of profits.
➡️So we have locked in the main profit and look forward to more without risk. If the future development is relatively strong, we should be able to see good room for growth. Congratulations to the friends who followed Wolf King to print money and received generous returns.💰🍻
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#ETH arrives at the buying area📊#ETH arrives at the buying area✔️
🧠 From a structural perspective, we continue the strength of the bearish head and shoulders structure and see a deep correction. The current price has reached the buying zone that I am concerned about. The action to be done in the buying zone is to buy and lock in the main profit of the short order. Friends who do not have spot positions can buy some.
Let’s see 👀
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#ETH Bearish Head and Shoulders Structure? 📊#ETH Bearish Head and Shoulders Structure❓
😱When I woke up, I found that my position had decreased. It turned out that the profit was automatically stopped after reaching the target 🥳
🧠From a structural perspective, we have a bearish head and shoulders structure built near the resistance zone, but I am not prepared to participate in this short opportunity just yet because there is a larger level bull structure present. Moreover, it is very close to the 2694 support area, the inflection point below, so short selling is not cost-effective.
⚠️Note that the long orders we held near 2660 have been swept away after moving up SL. I will wait for new signals to appear before considering setting up new transactions☕️
Let’s see 👀
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BITGET:ETHUSDT.P
Where is the best trading range for #ETH? 📊Where is the best trading range for #ETH❓
🧠From a structural perspective, the bullish cup-and-handle structure within the 4-hour level is still intact, so there are still bullish expectations.
➡️We started to fall back after being blocked by the resistance area of the two necklines (2805-2813) again. This is very reasonable. The support area that can be seen currently is around 2700-2730.
➡️If we develop as expected, then after reaching the most ideal target area of 2880-3000, we will close the long orders we hold and then look for short selling opportunities.
Let’s see 👀
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BITGET:ETHUSDT.P
#ETH Bullish Cup and Handle Structure📊#ETH Bullish Cup and Handle Structure📈
🧠We placed some long orders after breaking the key watershed downtrend line and saw a nice move up. From a structural perspective, a bullish cup-and-handle structure has been established, and there is still room for continued gains in the future.
➡️However, after we broke through the previous high, we encountered the resistance of two necklines (2805-2813), so we need to be wary of the risk of a correction. Even if we want to participate in new long transactions, we should wait patiently for a period of correction before considering it.
➡️Unfortunately, there was only a US$1 difference from our TP2 and the automatic reduction was not triggered, so we manually reduced our position by 30% and only retained 20% of our position. We are patiently looking forward to more.
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BITGET:ETHUSDT.P