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...
🧠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,...
#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...
🧠We have entered the daily and weekly level buy zone, so it makes sense to continue to rebound from here for a while. But since the entire market is in a pessimistic state, maybe we need to enter a deeper adjustment range. 2400-2500 is an area worthy of attention, and I plan to continue buying ETH in this area. Let's see👀 🤜If you like my analysis, please like...
📊#ETH has a higher probability of rebounding in the support zone📈 🧠ETH's decline was even greater, but the price once again stopped near the support zone, reacted well when it was touched, and was expected to rebound after sweeping the long liquidity pool. From a graphical perspective, we have the opportunity to form a falling wedge pattern, and generally we will...
🧠From the perspective of the macro cycle, we have broken the weekly short defensive point, which means that sooner or later we will challenge the historical high, so we remain bullish. ➡️Judging from the current structure, if we successfully break through the inflection point, then a double bottom and long structure will be established, which means that we will...
#ETH UPDATE #Ethererum breaks this symmetrical triangle pattern and is currently retesting, if it retests the pattern successfully, then technically we can expect a 40% bounce from here as per the pattern. Stay tuned, I will keep updating as always.
The moment the trend breaks, we can test the targets above. Take your risk, make some profit !
💥We started long ETH after stabilizing above the support zone, locking in more than 80% of the main profit after reaching the short defense point at the weekly level. When the price returned to the support zone again, we increased our position again. At present, 900%+ profits have been obtained. Congratulations to the friends who followed Wolf King to print...
👀We can easily find that the overall trend of the market is upward, so it will be smoother to go long in line with the trend.✔️ ➡️The ETH we bought near the 12H buy zone locked in major profits when it broke through the short defense point at the weekly level, because the goals of the double bottom long structure at the weekly level were all achieved. Therefore,...
💥In the end, we obtained effective support near the support area, and formed a smiling face bullish structure here. Our long orders under this structure successfully captured 800%+ profits. Congratulations to the friends who followed Wolf King to print money.💰🚀🌕🥳 🧠At present, we have encountered heavy resistance near the short defense point at the weekly level,...
🧠We finally found good support near the support area and have the opportunity to build a smiley face bullish structure here. If this structure holds, then we will most likely go to around the 3880 level. Let's see👀 ⚠️At the same time, don’t forget about risk management. 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any...
➡️We entered the correction phase after completing the daily and weekly level targets, which is very reasonable. The ETH spot we bought in the 12-hour buying zone also successfully broke through the weekly level short defense point of 3580. Choose to lock in more than 80% of the profits.✔️ 🧠The following structural evolution ideas: ➡️If we start to rebound in the...
🧠The structure of ETH will look clearer. The goals of the double top short structure have been fully achieved, so we stopped the decline in the buy zone, which makes perfect sense. ➡️Waiting patiently and trying are processes that must be experienced in trading. We don't know how the market will go, so we don't need to guess. We just need to look for the long...
🧠We ended up going down in a rising wedge pattern, exactly as I expected.✔️ ➡️The current reaction after we hit the support area is good, new participation opportunities need to pay attention to the image structure of this area, let us give the market a little more time. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't...