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Triangle

$3k eth a stealis 3k eth a steal? i would say buying around 3k has great risk reward especially after etf has been approved and if i goes under $3k even better! but we have 2 very important trendlines on the chart. resistance that goes from ath. and a support line that perfectly matches up from 2017 until now. we are currently in a symmetrical triangle and due to break by this winter. with volume decreasing has we get order the last quarter of triangle i think we are due for break up. a buy on this support line or long would be a great risk reward. trend is your friend on this one.
COINBASE:ETHUSD
by z3bracoRn
GOLD → False break of bullish range support ↑FX:XAUUSD is forming a false breakdown of the previously mentioned range - 2390 - 2400. The return to the buying zone is forming, buyers can push the price to 2450 A reversal swing pattern is forming in relation to the support, which is evidence of buyers' strength. The fundamental background is still unstable, there are many nuances from the Fed and the US presidential race, the geopolitical background in the Middle East and Eastern Europe is relatively stable. Today there is no news and in general we can bet on the work of technical analysis. Technically, if the bulls hold the defense above 2400-2405, then in the medium term we should expect an upward movement towards local liquidity zones as well as towards the upper boundary of the range. Resistance levels: 2405, 2412, 2420 Support levels: 2400, 2392 The market confirms the presence of the range, it is not excluded that the price may go down, but at the moment the situation looks like the bulls are actively defending the lower boundary of the range, which determines the short-term and medium-term prospects.... Rate, share your opinion and questions, let's discuss what's going on with ★ GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
ETHEREUM → 4K Target. Waiting for SEC with ETH-ETF ↑BINANCE:ETHUSDT is ending the sell-off phase. Buyers have held a strong support area, forming an intermediate bottom. The liquidity capture led to a rebound, which can move into the phase of the uptrend continuation. Fundamentally, the main focus is on ETH-ETFs. Earlier traders were positive about the initial rumors of approval, now the important milestone is the admission of ETFs to trading, judging by the feedback and SEC sentiment, this could happen very soon (within 1-2 weeks) Technically, strong buyers appear in the 2800-2900 zone (judging by candlestick patterns and volume growth), restraining the market from falling and gaining momentum with the purpose of further strengthening (local price movement has a consolidation character). The trigger area for buyers is 3200. Accordingly, further final consolidation of the price above MA-200 and breakout of 3200 may become the reason for strengthening, the target of which may be 4000-4800. Resistance levels: 3200, 3357 Support levels: MA-200, 2868 Fundamentally, the situation is positive, traders are waiting for the news from SEC. Technically, on local timeframes there are prerequisites for a bullish mood, on D1 a rebound from strong support is forming. Accordingly, the overall tandem is signaling a possible further rise to 4K. Rate, share your opinion and questions, let's discuss what's going on with ♦︎ ETHEREUM ♦︎ ;) Regards R. Linda!
Long
by RLinda
36
ETF on ETH how high will it go? Targets given based on BTC ETFsCompare what happened on BTC? – so true money flow – real $ actually put into it At the time mrkt cap 1.4 T July 24 – (numbers rounded up easy maths) BTC @ Market cap of 1T it was estimated that 300 Billion of real money was used to push the price to give a market cap of 1T. This is because the last price paid is applied across all BTCs to create a ‘market cap’ we assign to BTC Hence implies / assumes an uplift factor of say 3-4 for BTC for real money to move the price to achieve a market cap. We notice that the 17 B is no linear model – maybe somewhat explained as the supply of BTC is diminishing. Say in first half ie to-date 17 billion put into ETFs (5-6%) of total money ever put into BTC achieves this move of 90% increase in price (600B) (versus 17 x 3-4 = 51-68B) 17 B moves 800 B mrkt cap to 1.4 T = 0.02125 ratio Limited supply of BTC on exchanges and retail and institutions tend to hoddle this is a factor So how about ETH now? also 30% staked Market cap for ETH is lower but not by so much considering – & real funds available on the ETF route estimated to be 10-20% of the money put into BTC so say 3-5 Billion best guess by Jordan on Kitco (prior analysts got the amount of ETF funds wrong they underestimated what was in the pipeline) Announcement of ETH ETF resulted on 80 million added overnight to market cap by bidding up the price Jordan estimates 4-5 B to flow via ETH funds - spot means the fund mngrs have to buy ETH up to 30-90 or so days later depending on fund set up rules So 5 B moves 420 B how much if same pattern then 90% can be expected maths shows 0.02125 rato So 5/420=0.0119 So 0.0119/0.02125= 0.56 So 420*1.56=655M just over the ATH for ETH which is highly plausible and exceeds the Asc Tri target still on ETH from prior years approx. 33% still to go. Makes ETH a sensible investment moving forward if you are bullish For 4 B inflow works out 44% hence 1.44 x 420 =604B market cap for ETH which is same as HVF full target if you use most volume line as axis as a prediction. Of course after the first few days we can see the rate of flow of money into the EFT ETH fund and compare to BTC and then predict the $4-5 Billion more accurately and adjust the model for ETH price Once the ETF flows run everyone can calculate this and it becomes obvious if you would have go back into ETH as it hit its recent KLOS you had pretty much a guaranteed 66% in under a year with next to no down side risk exposure. This is as a minimum objective based on info before the flow of ETF funds were known. So it should be updated as data becomes clarified. The method is logical and fair. Awareness of factors leading to the market cap/price is still relatively uncommon knowledge. Disclaimer: Just for education purposes not advice. Unless you are an institution. If you are a family officer and don't deliver 100% y on y and want further discussion happy to do so please contact me directly. My fees start once I have delivered 100% gain and reset annually balanced with a good sharpe ratio giving min acceptable risk to the customer. Good luck guys remember that the market loves us!
CRYPTOCAP:ETHLong
by William_Playfair
BTCUSDT ⚡ Channel Pattern SpottedHey guys! At this very moment, we are in the middle of almost everything so you don't want to get caught on the wrong side of the trade. Better be safe than sorry. Having said that, here's my idea about what we are looking at right now. 1) There's a channel marked by green lines as shown in the chart. If you can see this, you'll notice whenever price touches the upper line it gets rejected and whenever it touches the lower band it bounces back inside the range. We can buy when price hits there and sell whenever it touches the upper resistance channel range. A deal breaker would be either a breakdown of the channel or breakout of the channel. 2) TARGETS if price keeps respecting the channel pattern, would be at the top resistance line to take profits as a buyer and viceversa as a buyer taking entry trigger a candlestick pattern on the lower band of the channel. This idea is to spot for the long term. This asset is still in balanced mode, there hasn't been a breakout of the range yet. However, it's worth to note that there's a channel pattern playing out, right now. Hope you find it useful and be able to take advantage of this idea. Kina Tip of the Day: Take profits partially even when they don't seem much because in the long run they will grow in a balanced way with the rest of the portfolio. Keep it shiny ⭐ Kina, The Girly Trader
Long
by KinaStar
4
ZENUSDT → Bullish potential in the red market. Break of 10.0 ↑BINANCE:ZENUSDT demonstrates a rally and a retest of the range resistance in the form of a false breakdown, only that does not lead to a fall. The price is forming a pre-breakdown consolidation. With the breakout of 10.0, the growth may continue On H4, a reversal pattern is forming within the framework of which, while the cryptocurrency market was falling, zen was testing resistance. A false breakout and liquidity capture is formed. This maneuver does not lead to a fall, and the market goes into a state of consolidation, the nature of which resembles a pre-breakdown. There are no fundamentals, the market follows the flagships, which fall because of some problems. Bitcoin is dragging everyone down due to the sale of a large number of coins by Germany, and the debt repayment by Mt.Gox exchange, which has destabilized the situation in general. Resistance levels: 9.79-10.0 Support levels: 9.35, 8.8, 8.14 In this case, it is acceptable to use a breakout strategy against resistance at 9.79-9.87. But, if the structure will be broken, the price, in order to increase the volume before the growth may head towards the support. Regards R. Linda!
Long
by RLinda
8
Crude Oil hit Major Resistance, 10% Down until early AugustIn my latest analysis of the Crude Oil Futures ( NYMEX:CL1! ) market, I've identified key medium-term resistance and support levels. The resistance at $84.30 was ideal for a short position, with a trailing-stop set at $83.80 to manage risk. My target for this short position is $74.50, suggesting a significant profit potential of over 10%. Considering that most significant downtrends in oil take about 20 days, I expect the price to reach $74.50 around the end of July or early August. I also noticed consolidation zones between $82.00 and $77.00, which may cause temporary price consolidation. The medium-term support at $74.50 is crucial for considering a long position, indicating a possible upward reversal. My strategy is to short at $84.30 (already done) with a stop-loss at $83.80 (to minimize losses) and aim for a profit at $74.50, while closely monitoring the consolidation zones for any signs of price stalling or reversal. If all goes according my plan, I also might consider a long position at around $74. What is your take on OIL for the next month?
NYMEX:CL1!Short
by BTFD_
3
xauusd → the next move!hello guys. as I published before: the triangle broke and its target touched! as you can see, there are two ascending channels there, and it seems you want to touch the next top line around $2480! let's see what will happen! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDLong
by melikatrader94
8
Solana Technical Analysis: Will SOL hit new highs?In the past week, BYBIT:SOLUSDT has demonstrated impressive performance, yielding returns of 16.2%. This performance stands out even among the top market-cap giants. The market sentiment towards Solana and its associated tokens, including SOL-based meme coins, remains highly bullish. This bullish sentiment has propelled the prices of key Solana ecosystem coins like Jupiter, Radium, and Ponke. On the technical front, SOL has been forming a large symmetrical triangle on the daily timeframe. Within this pattern, a double bottom formation has emerged, signaling a bullish breakout. As expected, SOL experienced a substantial rally, climbing from $135 to $185. After retesting $172, SOL is now challenging the $185 level once again. The next significant target is $200, with potential to revisit this year's all-time high of $210. Further analysis reveals that the daily MACD (levels 12, 26) is turning bullish, currently valued at 8.50. The RSI stands at 65.71, indicating there is still room for upward movement. Additionally, Solana has respected the 200 EMA, providing further hope for continued bullish momentum. These major indicators suggest a continued bullish momentum, reinforcing the potential for further gains in the near term.
Long
by Mudrex
2
Opportunity to Buy TON in the Next One to Two WeeksCurrently, TON is showing a triangle breakdown. The support level around $6.25could hold it well, but there is a possibility that the price dip further, potentially reaching the $5.75 area. This could present a good buying opportunity at lower prices. It’s important to monitor the situation closely once the price approaches this level to make an informed decision. Things you might like: - Trend Key Points Indicator have been used to draw important key levels and key points. - Abnormal Pin Bar indicator - You can use Big Moves Indicator to be aware of major moves on the chart by marking them and getting alert for them.
by bhnmzm
I Cannot Short This !!! situation+next targets.TRX is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) . broke out the Triangle on 1D timeframe. Up we go📈 ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
The last bullish chance of Bitcoin in mid-term !!BITSTAMP:BTCUSD The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave. ✨ Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
DOGE is at a crucial decision point! Dogecoin is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 0.13 will again give new negative signals to the currency, while a break of the opposite side of the formation will be a strong positive signal. The currency is testing resistance at points 0.13. This could give a negative reaction, but an upward breakthrough of points 0.13 means a positive signal. Are you bullish or bearish right now ?
by cyatophilum
1
The last bullish chance of TONCOIN in short-term !!OKX:TONUSDT TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) . The break out needed for increasing further has not happened but it should happen pretty soon. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
ETHUSDT: Descending Triangle Signals Potential Bullish BreakoutAs the crypto market buzzes with anticipation, Ethereum (ETH) finds itself at a critical juncture. Currently trading at $3,468, ETH is poised on the edge of a significant technical formation that could dictate its short-term future. Let's dive into the charts and unravel the story they're telling us. The Hourly Dance: Descending Triangle in Focus Over the past 48 hours, ETHUSDT has been painting a compelling picture on the hourly chart. A descending triangle has formed, with the upper boundary at $3,480 and the lower support hovering around $3,373. This pattern, often seen as a bullish formation, has traders on the edge of their seats. The descending triangle is like a coiled spring, with price action compressing between these two levels. Each touch of the resistance and support adds tension, potentially leading to a powerful breakout. Technical Indicators: The Plot Thickens Let's add some color to our analysis with a few key technical indicators: Moving Averages: The 50-hour and 200-hour moving averages are converging, suggesting a potential golden cross on the horizon. This bullish signal could provide additional fuel for an upward move. Relative Strength Index (RSI): Currently, the RSI is floating in neutral territory, neither overbought nor oversold. This gives ETH room to move in either direction without immediate resistance from this indicator. The Bigger Picture: Daily Chart Bullish Target Zooming out to the daily chart, the outlook becomes even more exciting. A successful breakout from this descending triangle could set the stage for a significant rally. The long-term price target? A mouth-watering 10% upside from current levels. Imagine the possibilities if ETH breaks above $3,480 with conviction. We could be looking at prices north of $3,800 in the coming weeks! Market Sentiment: Regulatory Winds of Change It's not just the charts that are stirring up excitement. Recent regulatory updates have been sending ripples through the crypto space. While the specifics remain hazy, there's a growing sense that clearer regulations could pave the way for increased institutional adoption of Ethereum. This backdrop of potential regulatory clarity adds an extra layer of intrigue to our technical setup. Could positive news be the catalyst that sends ETH soaring through resistance? Trading the Triangle: Entry Points and Risk Management For those looking to ride this potential bullish wave, here are some key levels to watch: Breakout Entry: A decisive move above $3,480 could signal the start of a strong uptrend. Consider setting alerts at this level. Support Entry: For the more risk-tolerant, entries near the $3,373 support could offer an attractive risk-reward ratio. Moving Average Crossover: Keep an eye on the 50-hour and 200-hour moving averages. A bullish crossover could provide additional confirmation of upward momentum. Remember, always use proper risk management. Consider setting stop losses below the $3,373 support to protect your capital. #Ethereum #ETH #CryptoMarket #TechnicalAnalysis #DescendingTriangle #ETHUSDT #BullishFormation #GoldenCross #RSI #MovingAverages #CryptoTrading #BlockchainTechnology #CryptoRegulation #InstitutionalAdoption #BullishTarget #RiskManagement #CryptoNews #MarketSentiment #TradingStrategy #CryptoPriceTarget
by XTradeSetup