$ETH/USD 1W (#Coinbase) Huge rising wedge on supportEthereum is falling sharply while RSI is printing new ATL, time to be opportunist and place some juicy bids on 300MA and below!
Current Price= 1030.88
Buy Entry = 915.64 - 739.86
Take Profit= 1265.98 | 1632.40 | 1998.81
Stop Loss= 534.62
Risk/Reward= 1:1.5 | 1:2.75 | 1:4
Expected Profit= +52.94% | +97.21% | +141.47%
Possible Loss= -35.41%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 1 year
Tags: #ETH #ETHUSDT #WETH #Altcoin #PoW #Eth2 #PoS #Governance #SC #DApp #DeFi
Website: ethereum.org
Contracts:
#Mainnet
#ERC20 0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2
#BEP20 0x2170ed0880ac9a755fd29b2688956bd959f933f8
#BEP2 ETH-1C9
#AVAXC 0xf20d962a6c8f70c731bd838a3a388d7d48fa6e15
#SPL 2FPyTwcZLUg1MDrwsyoP4D6s1tM7hAkHYRjkNb5w6Pxk
Fibretracement
Bitcoin 2nd bottom dec '22 / jan '23This scenario is inspired by previous encounters with the 'red ring of death'.
Combined with the fact that historically BTC made double bottoms (2nd bottom always a bit higher than the 1st one).
RSI wise it wouldn't surprise me neither as these setups are made quite often.
It's not improbable.
#CCJ is setting up for a bounce to the top sideAs you can all see from the daily chart CCJ pulled back on the Fib levels to that .50 area we wicked and are now potentially heading back up to potentially make new highs, me personally i would of much rather liked a pull back to .786 area before we got to see a new run to the top but either way i'm ready, looking at the options chain flow the 35 call for May 20 expiry looks to be primed as well as 34 and 32 call has a ton of oi on them as well waiting for numbers to update on the volume from yesterday to see how much is rolling into the oi or if we get a reduction in the oi levels we know people may be rolling out of those trades either way we should get an opportunity to make some nice gains off this play.
BTC has a lot of energy in the 4H interval.Hello everyone,
The price is constantly moving under the downward trend line.
Please note that the price is currently close to the support at $ 37,955, if the support is broken, the next we have at $ 35,789 and $ 33031, then we already have a support zone from $ 31,272 to $ 28,798.
Now let's move on to the determination of the resistance line and as you can see the first resistance is at $ 40,418, the next one at $ 42,584 and $ 44,948 at the so-called FIB gold point of 0.618.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for the next move and on the MACD indicator we can see that the blue line is close to the red line crossing from below, which may result in an uptrend.
ADA gains energy in the 4H interval.Hello everyone.
Let's take a look at the ADA to USDT chart on the 4H time frame.
Note the blue line that marks the downtrend, as you can see the price is moving underneath it.
Now let's move on to determining the support line that the price should encounter in the event of a further correction and you can see that the first support is at the price of $ 0.85, if the support does not maintain the price, the next one is at the price of $ 0.80 and the next support at $ 0.75.
Looking the other way, it is worth drawing resistance lines that the price must overcome if the price starts to rise, the first resistance will appear at $ 0.945, and the next resistance at $ 1.006 and $ 1.065.
On the CHOP indicator you can see that in the 4H interval we gain more and more energy that can be used for the next move.
SOL goes above the downtrend lines.Hello everyone,
Let's look at the SOL / USDT chart on the 1D interval.
Let's start by determining the downtrend line that the price has currently overcome.
We see that the first support is at $ 99.84, and if we don't keep the price, the next support is at $ 94.60 and $ 90.81.
Looking the other way, it is worth determining the resistance that the price must overcome in order to rise and we see that the first of them is at the price of $ 104.44, when we break it, the next one is at $ 111.57 and $ 121.41.
It is worth paying attention to the CHOP indicator, which indicates that we have a lot of energy for the next moves, it is worth being careful, while the MACD indicator shows a blue line over the red one, which may confirm an uptrend.
The DOT price crossed the downward trend line.Hello everyone, let's take a look at the DOT to USDT chart on the 1D Interval.
Let's start by marking the downtrend line as you can see that the price has broken it.
Now let's move on to the support line, which is visible at $ 17.43 and $ 15.75, while another is already in the support area from $ 11.36 to $ 8.07.
Looking the other way around, it makes sense to plot the closest resistance points to price, the first of which is $ 18.66 and the next $ 19.70.
However, the large resistances that we have to overcome are at the prices of $ 23.8, $ 29.90, $ 34.63 and $ 39.47 = FIB 0.618 so-called. bad point.
It is worth paying attention to the CHOP indicator, which shows that the energy slowly begins to bounce back with an interval of 1 day.
LUNA's price has risen after the recent corrections.Hello everyone
Let's take a look at the LUNA / USDT chart on the 1D interval.
Let's start with determining the downtrend line which, as you can see, managed to break and the valuation shot up.
It is worth appointing a new support that has formed at the price of $ 71.01 and another one at $ 65.78, $ 61.46, $ 56.91.
Now let's move on to determining the resistance that the price has to overcome, we see that the first resistance is at $ 80.36 = 0.618Fib, the so-called golden point from which the price has rebounded once, another moama resistance at $ 90.74 and $ 103.73.
We will look at the CHOP and MACD indicators. The first indicates that we are slowly regaining our energy and the second is a continuation of the upward trend.
ETH rebounded after the last correction.Hello everyone, let's take a look at the ETH to USDT 1 day chart.
Let's start by marking the downtrend line, because you can see that the price is moving below it and getting closer to it.
Now let's move on to the support line, as you can see, the first support is around $ 2,717, above which the price is currently hitting, the next support is $ 2,584 and $ 2,394.
We are between the support and the first resistance at $ 2,792, another resistance at $ 0.618Fib at $ 2907, and another resistance at $ 3,074.
It is worth paying attention to the CHOP indicator, which shows that the energy in the 1-day interval has not touched the bottom and is slowly starting to turn back.
DOGE has lost energy in the 1D intervalGood morning
Let's take a look at the DOGE / USDT chart on the 1D interval.
Let's start with marking the downtrend line because you can see that the price is still moving under this line.
The price went below the first support at $ 0.1201 and came back over support very quickly. The next support is at $ 0.0871.
It is worth setting a few of the closest resistances that we have to overcome before larger increases, the first of them is at the price of $ 0.1319 and the next ones at $ 0.1406, $ 0.1480, $ 0.1596.
As can be seen in the CHOP indicator, the energy for bigger moves has been used and the MACD indicator confirms the downward trend.
Can TRX use energy for growth?Hello everyone, let's do the 1D TRX / USDT review.
As you can see, the price is below the downtrend line.
Let's set the two closest supports which are at the levels: $ 0.05564 and $ 0.05132.
while looking the other way, we can establish several resistance lines that the TRX will have to overcome on its way. The first resistance is at $ 0.07038 and the next resistance is at $ 0.08188 and $ 0.09087.
It is worth noting that on the CHOP indicator we regain energy again and there is quite a lot of it.
Will SOL defend support?Hi everyone,
Let's take a look at the SOL / USDT chart on the 1D interval.
Let's start by determining the downtrend line under which the price moves.
Let's move on to the designation of support for the coming days, you can see that the first support is at the price of $ 80.55 and the next ones around $ 54.99.
Looking the other way, it is worth determining the closest resistances that SOL will have to overcome with price increases. We have the first resistance at $ 98.48 and another resistance at $ 110.5, $ 118.83.
It is worth looking at the CHOP indicator which shows that in the 1D interval there is a shortage of energy for the next move, and on the MACD indicator we see the blue line over the red one, thanks to which we can count on keeping the price
BTC makes another correction.Hello everyone,
Let's take a look at the BTC to USDT 1 day chart.
Let's start by determining the downtrend line at which the price is currently moving.
Currently, the price is just above the support at $ 37,874 if we do not defend this level, the next support is at $ 35,634 and $ 32,810, the next support is the fundamental support zone between $ 31,272 and $ 28,798.
However, if the correction is complete, we can determine the first resistance at $ 40,210 and the next resistance at $ 42,547 and $ 44,884.
The CHOP indicator also shows a decrease in energy, but it has not been completely exhausted.
SHIBA / USDT below the downward trend line.Hello everyone,
Please take a look at the SHIB / USDT chart on the 1D interval.
We see that the price is just below the downtrend line and we are approaching the exit from the triangle.
It is worth paying attention to the CHOP indicator which shows an increase in energy for the upcoming moves. And the MACD indicator where the blue line is still above the red one, which may confirm the continuation of the local uptrend.
Let's move on to determining the support points for the price, as you can see the first support is at $ 0.00002623, and the next support at $ 0.00002409, $ 0.00002085.
Looking the other way, we have marked the points of resistance that the price will most likely meet on its way before the increases. The first resistance occurs at $ 0.00002901, the second at $ 0.00003031, and the third at $ 0.00003114.
The CRO reacts similarly to the entire market with a small correHello everyone,
Let's take a look at the 4H CRO / USDT charts.
The local uptrend line is worth paying attention to as the price has dropped below this line. After today's declines, the support moved to around $ 0.41, and when we break it, we can mark the next support at $ 0.37 and $ 0.32.
On the other hand, it is worth looking at the resistance points that we may encounter in the near future if the price turns back. The first resistance will appear at $ 0.45 while the next we have at $ 0.47 and $ 0.48
The CHOP indicator also shows that the collected energy was used for today's decline and has now been exhausted in the 4H range.