there are multiple bearish confluences on the crypto prices. the 100 moving average, the mid point of the fair value gap (fvg) are all bearish signals, the smaller time frames will give us more precise entry points
This curved trend line creates an area of support for prices come down from recent heights
This should be a short lived bear move so hodl strong.
Arrow shows my thoughts about how I think price will move.
During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP.
Levels are valid throughout the day,...
I'm of the belief that this correction has completed and we're at the start of our next impulse leg, Structure off the low looks impulsive and our break/re-test of the fork is pretty good confirmation this ABC has terminated.
Ethereum has been in corrective wave since March and with the formation of daily double bottom in a bullish wedge, the cryptocurrency may have completed its corrections and ready for upside rally above the upper channel of its wedge.
N.B!
- ETHUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions...
- EWP Wave 5 impulse to start in the coming days/weeks.
- Global liquidity in final stages of EWP Falling Wedge (ABCDE) contraction pattern, supporting thesis for liquidity expansion in the near term, possibly into 25, supporting growth in most risk assets.
The technical analysis suggests an emerging bearish flag pattern accompanied by synchronized RSI signals, with no visible divergence, indicating a potential downturn. In light of this analysis, it is prudent to consider a strategic sell stop order placement at the break of the recent higher low, aligning with the bearish momentum. 📉 The targets can be set...
Hi traders, I would like to share my analysis on the ETH/USD chart in the daily time frame.
According to my observation , the price of ETH is completing it's pullback to the orgin of the previous move.
After completing this pullback , I believe that if price forms FVG zone it could be a good time to enter a long position.
The Bearish Gartley pattern is a harmonic trading pattern that typically signals a reversal in the price of a financial asset. It's named after H.M. Gartley, who first described it in his book "Profits in the Stock Market" in 1935.
The Bearish Gartley pattern is formed by a series of price swings and Fibonacci retracement levels. It looks like an "M" shape on...
this is the zone i expect to hold on ETH, this is a good area to get long, as we are facing major support levels, a bounce off this should take us to $4300+. IF (and I don't think this happens, we break that red line which is around $2000ish, ETH is in big trouble). I am bullish on ETH still.
Another rejection sends ETH to average support with recovery back to 3k underway.
Although signs may look hopeful remember that we've been below pattern for some time.
It's possible we could see a drop to D1 200EMA (~2750) as a result.
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At the beginning of last week, the market fell further, with BTC reaching below 57000. But then V-Reversal came along.
Last Thursday, the FOMC was held. The Federal Reserve kept interest rates unchanged, in line with market expectations. However, monthly Treasury bond redemption dropped from US$60 billion to US$25 billion, exceeding market expectations. While a...
I think ETH will hit an all-time high this year. It's quite possible that the adoption of an ETH ETF is not far off, and overall bullish sentiments could allow this to happen.
The main narrative in the crypto market will focus on ETH next.
One aspect is the approval of the ETH ETF. It can be seen from the current schedule given by the SEC that the earliest deadline for ETH ETF is May 23, while for BlackRock, the deadline for ETH ETF will not be until the third quarter. Compared with BTC, ETH is more difficult to pass based on its POS...
KRAKEN:ETHUSD
ETH is approaching the resistance, which almost exactly coincides with the boundary of a regression channel. Indicators show that a new HIGH is about to form. I am counting on bouncing off the resistance and heading back down to test 2.9K. The risk/reward ratio is not the best, but it is worth giving it a shot. The price could fall lower and test...
