NASDAQ:SNT weekly Breakout Done Trading cryptocurrency breakouts, especially weekly resistance breakouts, can be a profitable strategy, but it also carries a significant level of risk. Here's a step-by-step guide on how to trade a weekly resistance breakout: 1. **Understand the Basics**: - Make sure you have a good understanding of technical analysis, as...
Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) Ethereum (ETH) continued to hover around the 1,800 level, despite a slight stint below this point during today’s session. ETH/USD fell to a low of 1,784.95 earlier in the day, which came following a peak at 1,829.25 on Monday. Bulls have since bought this earlier...
Due to the bearish CH and liquidity pools formed and swept, Ethereum is expected to go down to the green range. It is better for Polbaki to turn the supply red and then move down. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Triple bottom form since August 2023 . finally we can see a breakout above $17 & also 200MAs. breakout is still valid as long as price stay above $16.50. MACD bullish bias. next resistance at $21 DYODD.
Pair : ETHUSD ( Ethereum / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line or S / R Level. Completed " 1234 - abcd " Impulsive Waves at Fibonacci Level - 38.20% Entry Precaution : Wait until it Rejects or Breaks the UTL
✅ Ethereum is trading in a narrow range. The chart is failing to break through resistances. We think that ETH will start to decline.✅ 🚀 SELL scenario: short to 1621.2 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
While everyone will be looking to go to NEW HIGHS this next bull run. I would advise caution. I would recommend everyone watch for these other two scenarios and worry about them 1st. #1. Quite possibly you see a Lower high in the range of $2t as shown by the first level marked in red line. #2. I would watch for a DOUBLE TOP on Total. Until both of these...
Ethereum still look like its breaking uptrend lines thats what a chart shows…
The breathtaking rally in palladium appears to be coming to the end. Rising supply and slowing demand are undermining the price of a metal used to neutralize car exhaust emissions. Palladium, once the cheapest of the major precious metals, soared from under $500 an ounce in 2016 to over $3,400 last March, leaving platinum and gold far behind. The reason for the...
Trading a bullish symmetrical triangle is a common strategy used by traders to take advantage of potential price breakouts to the upside. Here's a step-by-step guide on how to trade a bullish symmetrical triangle: 1. **Identify the Symmetrical Triangle Pattern:** Start by identifying a symmetrical triangle pattern on a price chart. This pattern is...
ETH on the weekly timeframe did bounced off the support trendline and broke the local resistance of $1735. More upside likely if it breaks the resistance trendline. Possible targets are $2035 $2250.
🚀 #ETHEREUM : A Closer Look 📊 Examining two exciting scenarios: 1️⃣ A retest of the Blue MA, potentially shaking out weak hands and paving the way for a push to $2000-$2130. 2️⃣ A successful breakout and retest of the Blue Flag. In both cases, bullish sentiment prevails. The Blue MA has a strong track record in previous rallies. Trading Actions: For spot...
The crypto is seen making impulse waves from June 2022 and has completed a structure of 1-2-I-II till now, meaning it completed the wave II of 3 and started off in the wave III of 3. The recent oct 2023 rally is the first leg to the bigger III wave that is forming. It would be a wise to wait for a meaningful retracement to this oct wave for a good entry. The 50%...
Primary Chart: Weekly Candle Chart of ETH/USD with Competing Flag Scenarios Longer-Term Analysis BITSTAMP:ETHUSD has been largely in a trading range since making its low in June 2022. Yes, some of the moves within that range have been quite substantial. The move off the June 2022 low to the early August 2022 high was about +130.59% higher. The next leg...
In the lead up to the next bullrun now is a good time to research into strong projects that will look to out-perform BTC over the duration of the cycle. L1's are a large part of the cryptocurrency market with ETHEREUM being the leading L1 altcoin, a coin with a market cap of ~220B, due to diminishing returns with every cycle investing in projects that have yet...
The top chart is Total2 on Weekly, and the bottom chart shows BTC.D. We can immediately make an observation based on these charts that Total2, i.e. The market cap of all the alts is rising over time and is moving in an upward parallel channel while BTC.D is moving in a descending triangle, which is a bearish pattern. This tells us that over time the total...
✅ Ethereum has formed a declining top. The chart indicates strengthening resistance. The price will start to decline.✅ 🚀 SELL scenario: short to 1621.2 🚀 ---------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
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...