As we can see price is declining below the 50 day moving average on the weekly chart as represented by the yellow line. What does this mean? Typically, this is called a 'death cross'. Price will decline as you can follow along previously how fast price fell from prior crossings. As of right now we are hovering right on the 50 and below the 100(white line). With...
Price struggles to hold above prior pattern average (dashed yellow) leaving us in a non-ideal position for recovery.
A potential double-bottom off 1725 has been indicated as a last resort before descent towards 1600.
With 20EMA now below both uptrend (dashed purple) and downtrend (dashed blue) averages the goal should be focused realignment.
This should be...
Ethereum - 24h expiry - We look to Buy at 1722 (stop at 1672)
We are trading at oversold extremes.
Support is located at 1720 and should stem dips to this area.
Bullish divergence is expected to support prices.
Expect trading to remain mixed and volatile.
The move lower is mixed and volatile, common in corrective sequences.
Our profit targets will be 1842...
Continuing with my objective of shedding light on the often overlooked and undervalued functionalities offered by the platform, I am delighted to delve into the market screener. This sophisticated tool stands as a testament to TradingView's commitment to empowering traders and investors by providing them with a comprehensive solution to efficiently navigate...
Hello,Traders!
ETHEREUM was trading
In a narrowing wedge
But now we are seeing
A bearish breakout
So I think the price will
Keep falling down
Sell!
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Despite experiencing a significant increase in 2023, the cryptocurrency market is still far from reaching its peak valuation of $3 trillion in 2021. Investor enthusiasm for the industry has diminished compared to a couple of years ago, primarily due to higher interest rates and a less favorable macroeconomic environment, which has reduced the appeal of risky...
With Implied Volatility @ 39.96% we can expect an 164 point move within the next 3 weeks. if your looking for buying opportunities your downside risk would be minimal at the lower end of the range and if your looking for selling opportunities your upside risk would be minkmal at the top end of the range.
This week, as the middle of the month passes, you can prepare for an attempt to reverse not only the altos but also the tops. In particular, the broadcast with the opening of the new month went according to a negative scenario for a retest of 1750-1600 under the pressure of a cue ball. But at the moment, the sales period is coming to an end and from tomorrow we...
I am bringing to your attention the current state of Ethereum's price trend. As of now, Ethereum has been experiencing a notable downward trend in price when observed on a daily timeframe chart. It is currently trading at approximately $1,740, which reflects a decline of over 5%.
It’s becoming increasingly evident that Ethereum is experiencing a bearish trend in...
Ether has been in a correction phase for the past few days. The shorts pulled the price below the 50% Fibonacci retracement of the $1,755 level on 10 June, but the bulls stopped the collapse while defending the strong support at $1,700.
The bulls will try to start a relief rally that could touch the 20-day SMA ($1,835). This is an important level to watch out for...
ETH
1,768 USD
The performance was relatively good. This suggests that institutional investors are not panicking and selling off positions. As a result of the outperformance, bitcoin's dominance has risen to a year-to-date high of 47.6%, while ethereum has risen to 20%.
Uncertainty in the short term may keep some investors on the sidelines. In the meantime, firm...
Ethereum is testing a strong area of interest. The pink parallel channel has been tested several times since 2018. A break above this channel will probably push eth to the $2500 cme gap. Another rejection from the pink channel and we probably come back down to fill the $1500 cme gap.
A strong hold at the prior pattern average (dashed yellow) prevents further sellout, bringing us to new pattern average (lower dashed purple).
Closes remain below the dashed blue pattern line; expect continuation of yesterday's first scenario.
Although not that large of a gap look to keep above 1750 for the best recovery chance.
Refer to the dashed blue line as...
