I think this scenario is quite probable. We are likely going to start the C wave of our ABC correction to the 5 wave that was completed over this weekend. I'm looking at a target of around $3800, which is between the .618 and .5 fib levels.
📉Hi Traders, Investors and Speculators of Charts📈 I've made a few updates on BTC from a macro perspective, but let's take a look at ETH today. What we specifically want to focus on is potential targets / bounce zones, and we'll use the logarithmic weekly recession t get to these targets. From using the same timeframe as the previous bull season, and by using...
CRYPTOCAP:ETH has experienced a significant price increase over the past month, and it appears that a correction is long overdue. It seems that sellers are now pushing the price towards the correction. My preferred buying area for ETH is within the green box, which aligns with FIB and a support line at $3360.
In the 4-hour timeframe, ETHUSD indicates a bearish trend following a breakout below the ascending trendline. This bearish move is further supported by a correction ranging between 50% to 61%, potentially signaling a continuation of the downtrend. Traders could explore short-selling opportunities after confirming the completion of this corrective phase for...
Etheruem (ETH/USD) could fall towards an overlap support at 3,579.27 which has been identified as a pivot point. Could price potentially break below this level to drop lower? Pivot: 3,579.27 Support: 2,989.64 Resistance: 4,045.80 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
$SOL.X CRYPTOCAP:SOL Solana (MARKET CAP $87.45B) Target PTs 500 --> 3,980 --> 1,560 --> 3,860 --> 2,140 --> 14,480 --> 838 About Solana (SOL) Solana is a Layer 1 blockchain that offers users fast speeds and affordable costs. It supports smart contracts and facilitates the creation of decentralized applications (dApps). Projects built on Solana include a...
ETH briefly drops below 3500 reaching lows just shy of 3400. Formation of an inverse head-and-shoulders provided recovery to 50EMA but failed to close out daily/weekly properly. Additional correction can be assumed at this time with the new D1 goal at ~3580. www.tradingview.com
Are you in this rectangle? Are we coming to retest it to then go to all time high? Do you like the idea?
ETHUSDT / 4H ETH has been Trading in a bullish trend, the price recently tested a KEY Level which suggests a run higher. I'll wait for confirmation as shown in the chart. Check out the chart for the swing targets and what kind of confirmation bulls need to see for the next pull-back if it happens. Trade safely, Trader Leo
If its over the white line it will go up similar to the green lines, If its below the white line it will go down similar to the red lines. But because of the upcoming news I think it will go up.
Ethereum really seems to respect this 4000 level a lot. I believe there is some level of support at the 2500 level if ETH goes lower. But if you are bullish on Ethereum you need to see it get above 4000 and hold above it. As always though IDK
As of the time of writing this BINANCE:ETHUSDT Is currently trading at 3483. In all disclosure I exited a long position after the rising wedge I spotted on the 4 hours on Tuesday, however I do plan to get back in. On to the analysis As you can see above in the short-term ETH is going to be experiencing slight contraction. IF we look at the Monte Futures on...
Price drops below 3685 (W1 piercing) but closes remain within the red zone (W1 neckline). Ending weekly above 3685 is still the main objective but note the nearing position of 50EMA. A close above 3615 (3632) may also present some recovery hope as the D1 piercing. www.tradingview.com
This week, the market, as expected, received a significant blow from the bears amid an attempt to reverse the quarter. A quick payback further increases the chances of a positive quarter close and maintaining purchases before the start of the new quarter, but you should not relax. As we approach the middle of the month, bears are highly likely to make a new...
Still bullish on ETH and Crypto in general. I think we get a new all time high that will surprise most. Any US debt default will actually make the crypto market rally IMO. Please do your DD as this is not a financial advice.
Daily chart Support is $3510 and if it goes breaches the Tenkan Sen, the next support is way below. Be cautious and also be on the look out
Based on the declining trend, looking to short on ETH using sell stop.