ETH 1H Analysis - Key Triggers Ahead | Day 29❄️ Welcome to the cryptos winter , I hope you’ve started your day well.
⏰ We’re analyzing ETH on the 1-Hour timeframe .
👀 On the 1-hour chart , After breaking lower resistance zones, ETH started a strong bullish leg toward higher resistance. It reacted to these levels but moved upward with micro-buyer support. Currently at $4323, a key seller ticker zone—breaking this could push ETH higher. Note: Trend shows some weakness; sell candles are engulfed but smaller. Over 90% of holders are in profit, causing frequent stop-hunts on selling pressure.
🧮 RSI: After moving from near oversold to overbought, RSI is cooling near the 70 level. With increased long volatility, multiple buy positions could form, but rejection here may lead to a correction. Key static resistance is 70; swing support is at 50.
🕯 Volume & Candles: Recent candle size and volume surged as buyers entered, but approaching $4300 resistance shows trend weakness. Candle size decreased; profit-taking and minor pullbacks are possible. For trend continuation, higher volume and repeated buying pushing ETH toward overbought are needed.
📊 Liquidation Heatmap : Unlike BTC, long and short orders cluster sparsely, forming max-pain zones. ETH approaching $4380 could trigger a short squeeze and remove the seller ticker, pushing toward $4500. Next long max-pain is $4246, with lower support around $4100. ETH is in a near-decision zone with one bullish leg.
💸 ETHBTC Pair Currently in a trading range; the floor is Maker Buyer Zone , the ceiling is Taker Seller Zone. Price bounced well from the floor. High concentration of longs and shorts makes range boundaries critical—breaking either could trigger a sharp move. Price is near 0.037 resistance, RSI close to swing resistance. Buyer and whale support could enable another bullish leg; rejection may slightly increase risk of range breakdown.
🧠 Focus on BINANCE:ETHBTC wait for exit from the trading range, then check ETH/USDT. Often aligns with BTC dominance drops. Selling volume in ETHBTC is decent; if whales add volume, this setup provides optimal trade duration.
↗️ Risky Long Scenario: Break 0.037 resistance ETHBTC, BTC dominance drop, breaking ETH/USDT seller ticker, RSI stabilizes in overbought. Small stop-loss; trade is risky but viable.
📉 High-Risky Short Scenario: Rejection from current zone, ETH/BTC rejection, swing rejections, indecision candles multi-timeframe, SMA7 touch, and rising sell volume could signal short positions.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Liquidationheatmap
$BTC Liquidity Squeeze Incoming – Breakout or Breakdown?#Bitcoin
According to the liquidation heat map, CRYPTOCAP:BTC is building a large cluster of liquidations on both the upside and downside, creating some confusion in the market. However, the nearest major liquidation zone is around $112K–$113K, which increases the chances of a move toward that range.
Technically, BTC is forming a symmetrical triangle, and the breakout from this pattern will likely determine the next major move.
So keep a close eye on it.
I’ll keep you posted as things unfold.
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SingularityNET (AGIX): Sell-off far from overOn the 12-hour chart for AGIX, we’ve observed a significant rise from $0.22 at the beginning of the year to $1.47. Following this peak, the coin experienced a notable sell-off, testing but failing to break above the previous high. This decline brought us to our assumed Wave II, which stabilized around the level of Wave (4). Wave (4) is situated at approximately $0.594, which also coincides with the level of Wave (1) further left on the chart. This area has proven to be a strong support level. Since stabilizing, AGIX has been trading within a trend channel.
We see a potential scenario where AGIX might lose the support of the trend channel, leading to a retest of the High Volume Node Edge and the Point of Control. This retest could provide a foundation before any significant move towards $1.47.
Given the current market structure, we do not anticipate an easy breakout above $1.47 for AGIX without a retest. Therefore, we expect a pullback to between $0.75 and $0.67. After this retest, our target remains $1.47, but we will conduct a more detailed entry once the trend channel is broken.
The Liquidation Heatmap for AGIX provides additional insights into potential market movements. The heatmap reveals significant liquidation levels around the $0.748 mark. This concentration of liquidations suggests that the market might dip to this level to clear out these positions.
The presence of these liquidations adds weight to our expectation of a pullback to the $0.75 to $0.67 range. Clearing out these liquidations can provide a stronger foundation for an upward move.
In addition to the previously mentioned support levels, the heatmap reinforces the importance of these areas. The market often targets zones with high liquidation levels to reset positions and gather momentum for the next significant move. Therefore, we should be prepared for a potential dip to these levels before any substantial upward trend resumes.
On the quarterly VWAP chart, AGIX is trading within the range between the 2024 Q1 VAH (Volume-Weighted Average Price High) and the 2024 Q1 VWAP. We have tested the 2024 Q1 VAH multiple times, even briefly exceeding it twice, but we have consistently fallen back below this level.
The key question now is whether we will test this level again. If we do, it is possible that we might retest it. However, we believe the momentum and volume might be too strong to sustain another push above this level. Simultaneously, we are holding and respecting the current quarter's VAL (Volume-Weighted Average Price Low).
If we lose this support, it would likely be significant, potentially leading to a drop to the 2024 Q1 VWAP at around $0.72. This scenario aligns with our analysis from the liquidation heatmap and the 12-hour chart, supporting the idea of a pullback to lower levels before any substantial upward move.
In summary, while the possibility of retesting the 2024 Q1 VAH exists, losing the current quarter's VAL would likely confirm a move down to the $0.72 level.
On the 4-hour chart for AGIX, we have been trading in a range between the High-Volume Node Edge at $0.85 and $1.12 since mid-April. The Point-of-Control (POC) at $0.97 has frequently acted as both support and resistance. We expect this range-bound movement to continue. The key question is whether we will retest the supply level or the High-Volume Node Edge. This will require breaking above the POC.
Another possibility is losing the demand level and using it as a demand breaker to fulfill our future limit orders before moving higher. If we flip the supply level, our bearish scenario would be invalidated. However, if the supply holds, we might see another drop before any significant upward movement.
In summary, we expect continued ranging between $0.85 and $1.12. The next move will depend on whether we break above the POC or lose the demand level. Flipping the supply level would invalidate the bearish outlook, while holding the supply could lead to another dip.
#Bitcoin [ Inverted Head And Shoulders - Short Squeeze Combo ] BTCUSD has printed an allbeit slanted yet very nice inverted head and shoulders that has retested and played out perfectly so far. The measured move coincides with multiple high time frame short liquidation levels (Not marked on this chart) with the biggest level being a 6 MONTH high volume liquidation level at $74,045. This strong of a #shortsqueeze could easily amplify the measured move, which I have extended, using the 150%-161.8% fib levels. The extension also lines right up with where all short liquidation levels end on the Coinglass heat map.






















