Just one opinion of many. Every time it breaks one of those imaginary support lines, Fib levels the more likely it's going to retrace all the way back down into the 1000 area. If it manages to get above the 0.5 Fib and then above the crucial 1700 level then sunny skies. If it stays below then more gloom and doom towards the 3 digit price levels.
To see the general picture from the ETHUSDT chart, we consider it on a 3-day time frame. The good news is that during the strong fall in the crypto market in June 2022, ETH buyers managed to keep the price in the liquidity zone of $1000-1250 At this moment there is consolidation and, most likely, a set of long positions in the price range of...
Its analyzed by fork theory so its not certain . also we have gap that i think the price should fill it out
Hi my friends; I have provided my opinion for what causes profit in the chart . . . . . 📬Message me to trade with me
BINANCE:BTCUSDT ✔ Downtrend Resistance ✔ Channel Patter Resistance ✔ Candlestick Momentum Loss ✔ Rising Wedge usually falls ✔ Slowly going up, can result in a drastic fall
ETH had a massive push to the upside leaving many longs in amazing profits. Leaving behind way to much liquidity the market is happy to just have sitting there. As always the market is ready to come back qnd take the gains you 'thought' you had made! Massive green vector candles are full of retail traders getting in on the buzz of the upward momentum. The market...
Chart says it all, the sell will most likely comes to an end.
In this update we review the recent price action in ETHUSD and identify the next high probability trading pattern and price objectives to target
Hi Traders, ETHUSD has been on a decline since December last year, there has been lots of talk about what we could expect from cryptocurrencies, I just follow what the chart tells me, and We can see that price has come from a nice push to the downside and has now created a small channel on the 30 min timeframe. Based on the Higher timeframe I am more interested...
Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of descending symmetrical channel and the price attempting to reach the center of the channel to retest the descending line of support. The top of this pattern sits at $2000 mark which in addition with the bottom line of the falling wedge pattern (daily timeframe), and the fibonacci retracement...
After a heavy drop. And Btc sitting on a strong support does this looks like a set up for a short squeeze ? I think so. But on the other hand we have a weekly and montly setting up for a drop woth head and shoulders pattern. What will come first. Me personally i am going long but still have some money if it dips down to + - 1000 ,- .
Larger timeframe bull flag as a continuation of the smaller case bull flags Larger crypto run is perhaps over, or close to it - we don't care - but EFERIUM still wants to tap at least old ath's, but perhaps even to break higher Many interesting things going on with the supply lockings and burn. In any case, EFERIUM is going up and perhaps going to once again...
Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of a symmetrical triangle pattern and the price of ETH trading above 2k once again. Let us find out where can the price go next, and what are the targets. If we extrapolating a measured move from this pattern, we have a bullish price target at $2280, and a bearish target at $1660. This will...
whales manipulating bitcoin to the down side being sneaky Heres how they are doing it: They are buying bitcoin, etheum, etc in very small increments so trades are not noticed and retail can capitalized on it by selling into spikes. Then they keep acculating until they see retail coming in to buy when fomo comes in As soon as the algos determine they have enough...
Buy the dip is a familiar term which is often associated with crypto, we've seen price neatly bearish since April and we are currently at a very major level of support in the market, we are likely to see a range as of now. IF Price breaks above or below structure, we can begin to see a clear way forward. FOR NOW, it's best to wait
I am going to start a DCA situation on ETH. If it somehow reclaims the 50 and 100 moving on the daily ill go in with a large percent. I think we are 3-5 months MAX away from an uptrend which is what i am trying to catch, could be way sooner so am starting to scale in today. RSI got probably indicates 3 months of ranging.
both are confirming a pennant, which broken down would continue the short trend of the main monthly figure failure ascending triangle in the case of Bitcoin with a target of 26k and 18k