In this analysis I want to shed some light on the fact that the weekly RSI on Bitcoin has reached the highest value in over 2.5 years. The last time that we weekly RSI reached above 70 was during the height of the bull-market, back in April 2021. Historically, Bitcoin's weekly RSI has very often been above 70, just scroll back the chart. However, the timing is...
Examining the Ethereum Chart at a Critical Juncture Ethereum currently trades around $1785, up 115% from the recent bear market bottom. However, the chart shows ETHUSDT forming a bear pennant pattern, which is typically a continuation pattern. Let's analyze the key levels and potential scenarios. Bear Pennant Breakdown Threat Per the chart, Ethereum is forming...
TP: Last≤10.560 SL: Last≥11.820 Maybe you could let half of your TP run farther, as the price goes down.
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Hello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, you can see a support zone from $1,791 to $1,785, and then we have a second zone from $1,775 to $1,768. Looking the other way, we have a resistance zone from...
INJ/USDT Price Outlook: INJ has already seen massive gains during this bear market, doing a 10x before the start of the new bull run. It just broke out of a bullish pennant pattern, signaling a continuation of the uptrend per the technical chart. The initial price target is around $20. I'd expect a minor retracement back to ~$9 first to retest the former...
Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) rebounded from Friday’s drop, making a run back towards the 1,800 level to start the weekend. ETH/USD peaked at 1,796.57 on Saturday, after the price fell to a low of 1,751.44 less than 24 hours ago. This climb means the world’s second-largest cryptocurrency has...
Something no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever...
Something no one is talking about is the Litecoin market cap dominance. It broke out of the multi year falling channel and has remained above. That I think is quite bullish for Litecoin. The LTC/BTC pair has been in a downward falling wedge since the beginning and now has reached the apex. I think big moves are coming for Litecoin, bigger than most would ever...
Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅ After a long growth, the coin is consolidating the triangle, perhaps we will see an exit to the value of $0.02324 Deal plan: Input - 0.02230 Stop - $0.02136 Take - 0.023/0.02324$ Guys, let’s enter the deal carefully, this is an altcoin...
In this analysis we're going to take a closer look at the three previous Bitcoin bull-markets, and compare them to the current one. To clarify, I calculated that a "bull-market" starts at the bear-market lows and ends at the bull-market highs. As seen on the chart, the 2011 bull-market was an outlier. There was very little volume, which resulted is massive...
On the weekend, when trading volumes are typically lower, the probability of a significant upward move after a month-long rally is limited. While we initially had hopes for a successful scalp trade, the current market conditions do not appear as favorable as expected. We've already booked profits . If you're a spot trader or a swing trader, it's advisable not to...
The first month of the quarter is coming to an end and there is a high probability of a wave of breakouts on the alt in order to fix the current monthly candle above the nearest resistances and continue the trend in the new month. The tops gave a new wave of growth to the target levels this year of 32.5-35k by the cue ball and 2250-2500, which I have repeatedly...
Let see if ETH can meander slowly back up into that daily Fair Value GAP, and in to the previous weekly low. From there i will look for a short trigger, If it breaks down from here and hangs below that 1550 level I will be looking for a short trigger also. Looks weak. target 1460 target 1360
Good morning, fellow Crypto Weekend Warriors! As we review last week's technical analysis, it's clear that we've witnessed a successful range breakout and a backtest of the range high. The beauty of Crypto Weekend's 4-hour structure is that it consistently delivers results. Since our last update, we've achieved an impressive 19% return on our investment, and we're...
Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) also edged lower in today’s session, falling below the 1,800 mark in the process. After reaching a high of 1,857.81 on Thursday, ETH/USD dropped to a bottom at 1,764.01 earlier in the day. This decline has seen ETH snap a seven-day bull run, pushing the...
Hello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. Let's start by using the yellow line to determine the local downward trend from which the price broke at the top. Now let's move on to marking the support places. We will use the Trend Based Fib Extension tool to mark supports, and as you can see, first we...
In my most recent ETH analysis I took a look at the long-term rising wedge pattern that has been playing out on the ETH chart since early 2017. I noted that the break out occurred, and could potentially lead to more selling. However, now that I switched to a bullish view of the market (because of the BTC break out), I think it's likely that ETH will go up as...