"Ethereum Overbought: A Short-Term Analysis and Bearish Outlook" Over the past four months, Ethereum has displayed a relentless bullish momentum, with only a brief test of a previous support level. This limited retracement raises concerns about the sustainability of the current bull run, as it may not have been sufficient to shake out all the long...
In my recent Bitcoin analyses I've talked about the fact that I expected the Spot ETF announcement to be a sell-the-news event, helped by two important resistances lying at the 48k-50k area. See below for my in-depth analyses: As expected, Bitcoin has reversed from the 48k area and is currently trading at 43k-ish. The bullish trend is still not broken, so...
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ETHUSDT chart) (1M charts) In order for a major bull market to begin, the price must be maintained above the HA-High indicator on the 1M, 1W, and 1D charts. Accordingly, it must either rise above...
If bitty gets over this hurdle of the fib/mid trendline. Expect a LAUNCH to 51k.
Theta has reached the zone of EMAs, which is holding the price back, or is it? We have displayed here the major resistance and support zones and two possible scenarios to happen upon breaking out or breaking down from those EMAs. What do you think? Which way will we go? Swallow Team
ATOM has caught our attention here after having that nice bounce from EMAs and the middle line of BB. We have displayed here multiple potential entries for this coin and target zones as well. As of now, all we can do is wait for either upper resistance or lower support to be reached in order to see whether we can take on ATOM. So where are we going? A/B/C/D?
And so we took another height, I want to consider further scenarios. As expected, the bulls made a new attempt to open the year above 2500, but against the background of powerful statistics, the amers kept the price in the neutral zone, which will give numerous disruptions this year and reduce the impact of ETF approval. But against the background of the closing...
ETH is currently retesting the hourly resistance level which was a previous support we can build short trade at this point. Our target would be 2400 zone which is our buying zone for long term. keep trailing stoploss.
With the new weekly opening, we see another week (the last one) closing below the strong resistance zone at $45K. Resistance is holding strong, and the new weekly is showing yet further weakness. Sure, ETF news and rumours are putting some uncertainty into traders, but nevertheless, one thing is sure: wealthy people would benefit more from rejecting or postponing...
ETH chart looks terrible to me. The Log chart looks like Luna did before the collapse. This run ETH will probably make a lower high and then fall significantly. Not sure what will cause this but probably a hack or a screw up by the devs while the implement these upgrades leaving the chain vulnerable. Who really knows but it looks like something is coming for ETH...
Here's that image again as I am seeing it, it usually gets messed up when publishing a chart so I've saved it here: Though this is not coming out of a downward move, the pattern looks incredibly similar to Wyckoff Accum Schema # 1, and just coming out of the Spring, moving towards LPS and then SOS. We could see a strong move up for ETH here. I have shown some...
Ethereum ( CRYPTOCAP:ETH ) has emerged as a resilient force, defying broader market trends with a nearly 2% gain in the past 24 hours. The surge in Ether's price, currently hovering around $2,651, is notable against the backdrop of sharp pullbacks experienced by major tokens, including Bitcoin. This positive momentum comes on the heels of the Securities and...
I believe that Cardano will have a great run this next bullrun. The chart looks bullish and I believe it has finished its correction and consolidation, considering it only did about a 10x in the last run give or take, I think this one has some room to grow. This next one may be the big run for ADA in my opinion. In the short term I see ADA falling down about 40%...
Alright, based on the historical price action displayed in the image, I'll provide a technical analysis of Ethereum's chart. However, remember that past performance is not indicative of future results, and this analysis is hypothetical, based on the static information provided in the screenshot. From the chart, here are a few observations: Trend Identification:...
BNB has formed this giant descending triangle which is a very bearish setup. BNB went up 700x from its lows to $700. That type of move requires a much larger correction consolidation. BNB will fall like DOGE did after its massive run up before its next move up. BNB may not participate in this bull market and have to wait till next bullmarket if it survives. ...
I just dont want to see people get burned on this thing again. A dump is incoming. Not financial advice.
After the inflow of positive information related to ETF, ETH overcomes the local downward trend line and moves upwards with dynamic movements. After unfolding the Fib Retracment grid, you can see that the price has broken through the resistance at $2,537 and is currently heading towards another very strong resistance at $3,185. Looking the other way, we see...
Today, I'm going to present to you my thesis on why this rally is over and why the Bitcoin top is in for now, marking the weekly lower high that everyone will be setting as resistance in the coming months. This rally has reminded me a lot of 2019 in many ways; it has played out the same, especially with Chainlink. I have been following a bar pattern fractal from...