4h time frame - TP: $4616~$4890 SL: $2575 - ETH is creating a potential wedge structure, that hasn't been confirmed yet. A standard structure is made of 6 six touching points at least, it's not completed due to lack of one more point on the wedge top. Also, there are two paths if we consider it as a continuation patter, first is the green one, that leave $2817...
ETHUSDT is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge. Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target could be...
here's an analysis that might indicate a bearish scenario: 1. **Rising Wedge Pattern**: The chart displays a rising wedge pattern, which is often interpreted as a bearish signal in technical analysis. This pattern suggests that despite the uptrend, the market could be losing momentum and a reversal to the downside may occur. 2. **Price Action**: The current...
Hi dear treaders After breaking the ascending channel, the price went down to the support area of 2982. Now the price has formed a descending wedge pattern, if the pattern is confirmed we can enter a long position. Let's see what happens This is not financial advice ( DYOR ) Good luck
Ethereum Broke Out of a Bullish Triangle Pattern Ethereum Broke out of a 60 min triangle pattern thus rising the chances for a rebound in the short term. The bullish momentum looks good so far and ETH may continue to rise during the day. Considering also that the London Market will be closed we may see the traders to focus more on the crypto market today and...
Expecting a bearish reaction in Daily supply after 15m strong liquidation and bearish momentum
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been overall bullish, trading above the red trendline which is acting as a non-horizontal support. Currently, ETH is in a correction phase trading within the falling orange channel. Moreover, it is retesting a strong demand in green at $2900 - $3000. 🏹 Thus, the...
If a falling wedge appears on ETH, I am going to open a long.
After failing to re-claim $3,166 yesterday, we saw a decline towards $2,992 zone. From its current location, the price can move in either direction. A bullish move towards and break-out of $3,166 followed by a re-test of this level will offer a long scalping opportunity towards $3,370 and, possibly higher, to $3,551. A bearish break-out of $3,354 will lead...
ETH is Pointing Down For a Bigger Correction - Update ETH broke out of a strong bearish pattern thus indicating a bigger bearish wave. ETH moved back again and now is testing a strong resistance zone as I explained on the previous analysis. If ETH breaks down of 3070 the chances are that it can continue moving down more as shown in the chart. 3280 already...
Based on the historical market, the bitcoin halving event would followed with a significant price growth of the crypto assets, which matches the current market status. Thus, a bull market are expected in the next one and a half year. As for the sentiment analysis, the current funding rate in bitcoin perpetual market are maintaining a slight negativity in the past...
From the chart, ETHUSDT has formed a bearish pattern without diverging, which indicates that the bearish trend will continue.
The market is lateralizing in a microestructure and below it there is an order block from a failed previous CHoCH. Its worth going in without waiting for a new CHoCH in this zone. RISK ENTRY.
ETH formed a bullish Head and Shoulders + Support, I am anticipating the price to reach the shown targets. Please note that this is merely a trading idea and not a signal. It could either succeed or fail, so I encourage you to conduct your own research and analysis before making any trading decisions.
Scenario 1: Continued Downtrend: if the MACD crossover is confirmed (blue line below orange line) and the RSI dips further below 40, it could indicate a continuation of the downtrend. Potential support levels to watch: $2400 (previous low) and $2000 (psychological level).
#Update analysis result #Analysis of Ethereum Time 1D currency As expected, the price has entered an upward trend from the specified level and has seen a spot price growth of about 15%, and I hope you have taken advantage of this upward trend. Currently, the price is reaching its dynamic resistance level, and if this area breaks, we can still expect the upward...
The ETH/USDT (Ethereum) pair on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish pennant patten. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the pennant after confirmation. Ideally, this would be around 3020 or lower if the price continues to...
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.