EthanTW

EthanTW Premium

BYBIT:ALGOUSDT 4H time frame - ALGO is in a descending channel, and it started to form this channel since increased by 41%. The price stops making lower lows and hit Fib 0.382 smoothly for support confirmation. We can long it at 0.34 and add more position at 0.335(Fib retracement level_0.382) - Entry: 0.34 Add: 0.335 TP: 0.3565, 0.3735 SL: 0.33

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BYBIT:ETHUSD D time frame - Ethereum did a 2B pattern on day chart, also forms a descending tunnel here. Further, we predict it will consolidate for a while here then pump until hit the upper downtrend line(~1570) so we can long here or take long when it retest the lower downtrend line.

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BYBIT:ETHUSDT 4H time frame - ETH broke out the recent downtrend line. Reasonable supply zone displays from 1377 to 1397. So we can open long here with this BO and aim to close at 1377~1397. - Entry: 1340 TP: 1377, 1397. 1447 SL: 1310

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BYBIT:BTCUSDT 1H time frame - BTC is taking out this descending channel so far, and it forms a big bias from lots indicators. So we can open long with this BO, TP/SL as below. TP: 20078, 20177, 20285.5 SL: 19770 R/R: 1.72

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BYBIT:ETHUSDT 4H time frame - ETH formed an inverse HS after breaking out 1686, it is on the path of retest, so we can long it if retest the downtrend line and support confirm(~1655). Also, we use XABCD to judge the trend since previous high point 2029.4, then predict the potential reverse area around 1950~1990. So just be careful or try to open short if ETH...

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BYBIT:ETHUSDT 1H time frame - ETH already broke out this ascending channle, also can call it Bearish Flag, here is a good place to open short with high leverage/low position. Or we can short it after retesting the lower uptrend line again. Targeting 1505 Stop loss if futrther candle close above the lower uptrend line.

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BYBIT:CROUSDT 1H time frame - CRO already boke out the downtrend line, there are two candles with long lower shadow, which stand for good supoort for CRO. Try to long it when retest the upper downtrend line and we can target 0.1212, 0.122, 0.1231 Stop loss if hit 0.11895

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BYBIT:ETHUSDT 1H time frame - ETH pumps today and hits the middle uptrend line on chart. Currently, the candle forms a Long-Legged Doji here, which means the chaos of bull and bear. Because it did hit the short-term resistance from uptrend line, we can open some short here. - Support Levels: 1593, 1573.7 Stop loss if further candle close above the uptrend line

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BYBIT:ATOMUSDT 1H time frame - ATIM has already broken out the uptrend line, and there is a wick top candle which has big volume on the chart. We can open short here and aim to 12.53, 12.45 Stop loss if further candle close above this uptrend line.

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BYBIT:ALICEUSDT 1H time frame - ALICE is breaking out the resistance zone currently. If this candle can close above 2.105, we can open long here and aim to 2.125, 2.150, 2.205 Stop loss if this is a false BO.

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BYBIT:C98USDT 1H time frame - Short: if C98 momentum is rejected from the upper downtrend line. Targeting 0.418, 0.4075 Stop loss: if Price close above the downtrend line. Long: if C98 can take out that downtrend line, long it after BO or retest. Targeting 0.443 Stop loss: if BO is false.

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BYBIT:BNBUSDT 1H time frame - BNB is approaching to the resistance, it'll be a good entry to short if BNB cannot take out the downtrend line. The targets of short position could be set at 278.25, 270.86 Stop loss: if Price close above the downtrend line.

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BYBIT:ETHUSDT 1H time frame - ETH is in an ascending wedge, and it hit the upper line again, here is the supply zone. So we expect it to get pullback and aim to 1577, 1530. Notice that we should close all position at the lower uptrend line, and the next short timing will show when ETH take out this lower uptrend line and retest. - Support levels: 1577,...

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BYBIT:ETHUSDT 4H time frame - ETH just did a false BO and went back to this descending wedge, also it forms a short-term uptrend here. Go long if ETH can take out 1610, it is the high of previous red candle. So bypass that high is significant for price to go up and aim to 1715. However, we tend to see it in bearish perspective due to the big HS on chart, better...

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BYBIT:BTCUSDT 4H time frame - BTC is vibrating in this descending tunnel, one of the buying timing is the BO occurrence when Bitcoin get rid of this tunnel and close above the upper downtrend. Another Buying timing is at the Support level, which is made of the accumulation zone, so it'll probably rebound there. With both long positions, set our target at $20750...

EthanTW Premium

BYBIT:ETHUSDT 4H time frame - Ethereum just broke out the neckline at 1521.6 and formed a Head and Shoulders on 4H. This is a good entry to open short and aim to support levels as below. - Targets: 1) 1383.53~1327.5 2) 1207.6 3) 1013.6

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BYBIT:SOLUSDT 4H time frame - SOL got rid of the decreasing channel and retests it right now. It's good for price to retest the support after a valid BO, so we can long here and TP/SL as below. - Entry: 35.6 Targets: 1) 37 2) 39 Stop: 34.8 R/R: 1.73

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BYBIT:BTCUSDT 1H time frame - Bitcoin has been consolidating for 5 days, and forms obvious supply zone and demand zone. Ranging is a good chance to set trading strategy, because it's easy to find the resistance and support levels. - Resistance Levels: 21645, 21700 Support Levels: 20858, 20730