📊#ETH head and shoulders structure is not established❌ 🧠Although we broke through the downward trend line, we still chose to fall in the end. The expectation of the bullish head and shoulders structure also failed, so the long orders we made based on this expectation were triggered to stop loss. Although it has fallen below the low again, we are currently in the...
📊#ETH correction phase may be over✔️ 🧠From a structural perspective, we have successfully broken out of the downtrend line. If a bullish head and shoulders structure can be constructed near the buying zone, then there is a high probability that we will use this bullish structure as support to start rising, and we will have the opportunity to challenge the...
Based on your ETH/USD chart, here's a potential approach for deciding when to execute trades: 1. Support and Resistance Levels: - Resistance: Around 3,491 - 3,446. - Support: Around 3,385 - 3,202. 2. Chart Patterns: - The price is currently in a descending channel, indicating a bearish trend. - Look for potential breakouts above or below the...
📊#ETH Where will the correction phase end? ❓ 🧠From a structural perspective, we have reached the target area of the double top bearish structure (3259-3429), so it is possible that we may end the correction from this area. If we can successfully break through turning point 1 or successfully break through the downward trend line, then this probability will be...
📊#ETH callback expected still exists⚠️ 🧠Currently we are near the phased support zone, so it would be reasonable to consolidate here for a while. It’s easy to see from the chart that we are in a downtrend, so be cautious and conservative on the bullish side. ➡️From the perspective of wave theory, wave 4 has been completed and wave 5 is expected to appear....
📊#ETH returns to the daily level resistance zone✔️ 🧠From a structural point of view, we have constructed a bearish double top structure within the target area at the daily level. It is very reasonable that a strong rebound occurred after achieving the target of this structure, but judging from the magnitude of the callback, The correction at the daily level may...
📊#ETH has a chance to form a bearish head and shoulders📉 🧠We have been consolidating within the target zone after achieving our daily long target. From a structural point of view, we have the opportunity to build a bearish head and shoulders structure. A break below the uptrend support line 1 increases the probability of a bearish head and shoulders. After...
Hello, We have exciting news and insights to share with you! With the potential approval of the Ethereum Spot ETF, we foresee significant movements in Ethereum’s price over the long term. Our detailed analysis and forecast are illustrated in the attached chart, providing you with a clear vision of what might be ahead. Ethereum Long-Term Price Outlook Current...
📊#ETH double bottom target achieved, be wary of callbacks⚠️ 🧠We followed the daily-level double bottom long structure and broke through the short defense point after skyrocketing. This means that the double top short structure was destroyed, which means that this period of correction is over. Combined with the general trend, it is a bull trend, so we have a view...
🧠From a structural point of view, we started to rebound according to the small double bottom structure and successfully broke through the downward trend resistance line, so there is still room for us to continue to rise. ➡️For future expectations, we can refer to the trend of BTC horizontally. The best case scenario is that BTC continues to consolidate...
Nice to meet you, friends. It's called E.s.s, which hits the exact target like an eagle In the long-term bearish, We found and substituted short-term uptrend line with important angles. If it breaks down the current short-term uptrend line, ETH will drop to the RSI oversold. The standard is to BREAK DOWN the short-term uptrend line.
On the daily ETH chart, there's a notable pattern emerging, potentially forming a substantial falling wedge. Statistically speaking, a falling wedge tends to signal bullish momentum. About two-thirds of the time, a falling wedge pattern breaks to the upside, while the remaining third breaks to the downside. However, it's important to note that until we observe a...
🧠From a graphical structure point of view, we have formed a descending triangle. The current price has broken through the upper edge of the triangle, which means that we will continue to rise. If we successfully break through the inflection point, then we will have a high probability of sweeping the upper liquidity pool.🚀 ➡️If you are not involved in long trades,...
Today's wave analysis based on #ETHUSDT The only open question, at least for us, is whether the A-B-C correction within the 4th wave has already been completed or not. ↗️ If it has, then buyers should not allow the price of CRYPTOCAP:ETH to fall below $2925 and, accordingly, continue to grow according to the blue scenario. ↘️ If it hasn't ended yet, then...
#ETH is currently staying above a support level that has held for 183 days, and the 100-day Simple Moving Average (SMA) is also acting as support. As long as we remain above this support, things look positive for a potential bounce back up in price. However, if the price falls below this level, we may see some corrections. Keep an eye out for further...
➡️From a graphical structure point of view, the structure of ETH is very standard. 🧠If we continue to break through the turning point after the pullback, it means that the long structure is established, which means that we will most likely go higher from here. ⚠️Note that if it falls below the previous low, it means that we will continue the downward trend. If...
🧠What we always look for in the buying zone is the opportunity to go long. From the perspective of graphic structure, we have the opportunity to build a smiling face bullish structure in the buying zone. If this structure is established, then we will most likely break through the turning point. This It means that a larger double bottom long structure is...
🧠Since the price has entered the buying zone at the weekly and daily levels, there is an expectation of a rebound. But from a structural point of view, we are suppressed by the short structure, so there are some contradictions here. ➡️Therefore, it is best for us to wait until the contradiction is resolved before participating. For example, breaking through the...