Hi dear traders
According to the previous analysis, you saw that the price returned to 3900$ and the daily candle closed at 3975$. 3950$ is now a support area.pullback is complete. The piercing line pattern is formed, which is an uptrend at the end of the downtrend . If the trend is confirmed, it will rise. The first resistance is 4000$ and the next resistance...
Bitcoin breaks the all-time high and also the $65,000 resistance. Bitcoin made a new all-time high of $67,000 and tested back the support. The support for now is $63,500 - $64,500 and after that $60,000 - $61,000 area. BTC is now in price discovery mode and we assume round figures as a psychological resistance. The next resistance is $70,000 and $75,000 levels. We...
Today's ETHEREUM Update.
Ethereum Steers Into Support, Time For More Slump Or Return to Previous Highs?
Ethereum follows the general sentiment in the market and trends downwards in the daily and weekly charts. After news about a confirmed FUD on China banning crypto-related operations, a portion of the market reacted negatively and created selling...
in the daily chart, we can see the price try to make the last impulsive wave or the wave 5 and then continues to turn down make a big correction.
i measure the target/reversal level using Fibonacci but you can use the trend line also.
This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask . what do you think ?? Bull or Bear ?? which scenario is more possible ??
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
Here's a quick Look at ETH daily chart. As we can see, the price has been forming a bigger Cup & handle and we could see a bigger break above the the current ATH soon! Definitely one to keep an eye on.
The best entry would be, when the price breaks above 4410$ with good amount of volume .
The idea is: Buy the breakout...
#ETH broke the strong resistance at 4k and try to make new high but as we discussed about it before in our YouTube channel, #ETH is going to retest its support at 3600 and 3380 if, the current support break down
Ethereum - Intraday - We look to Buy at 3916 (stop at 3828)
Our short term bias remains positive.
There is no clear indication that the upward move is coming to an end.
50 4hour EMA is at 3904.
A lower correction is expected.
Our profit targets will be 4168 and 4228
Resistance: 4170 / 4270 / 4375
Support: 4050 / 3980 / 3920
According to our previous analysis , the market moved exactly to our way
At this time from the past we are in upward channel and we are near the base trendline and we need to take signal and watch carefully to take signal and take position and buy
Maybe it can break the base of trendline like BTCUSDT chart that we published but its not have high chance...
After hitting the resistance area and forming a load and confirmation signal
We may have a correction to $ 3685
And even up to the price of 3400
This correction occurs when the support of the 3850 price area is broken
If bitcoin at the time of correction
Left: 1H trend chart Right: 1D trend chart
ETH just hit $4035.5, which is 1st TP that we have been telling.
Additionally, it eventually completes the Cup and Handle pattern in 1D chart.
Next, Let's see where ETH can bring us to!
And our trading...
Ethereum is seen trying to maintain its support position above the $ 3,800 support. In this case, to climb to higher levels, you still have to pass the resistance levels of $ 3,900 and $ 3,950.
Ethereum started a new uptrend across the $ 3,750 resistance level. The uptrend was exacerbated by breaking the $ 3,800 resistance and maintaining a 100-hour moving...
ETH failed to break above $4,380 and now its being pushed down towards support... not looking particularly good for bulls in the short term.
Continuation of this pullback may lead to a retest of lower support found around $3,500. For now the support at $3,900 is holding the price. But can it hold longer?
The volume is not encouraging and would suggest we may...
* Ethereum in 4H time frame appears with Rising Wedge pattern.
* Rising wedge occurs when the price moves between two trendlines forming higher-highs and higher-lows. The lower trendline works as support for the price and the upper trendline works as resistance.
* Rising wedge appears with wide bottom and as the price moves higher the range becomes narrow.
The first breakout that broke the descending trend early October, reversed from the 50 fibonacci level. We had a mother recent breakout which was very weak. We could see CTK roll over to the downside to the 1.4 level or even the 1.0 level.
Watching for bear flags to indicate bearish momentum and taking this one down.
Let's analyze the Ethereum chart from a global perspective. The price of Ethereum is near the important $3,677 level. This level is now the last resistance before ATH. If the price trades in a range below this level and breaks it, it would be a good buying opportunity.
The second scenario where is the best place to buy Ethereum is if the price corrects below the...