Ethereum could reach as low as $200-$300 before the bear market ends and is more than likely to reach it after the events we all witnessed over the week. If the rumours are true and the crypto was artificially pumped last year, then this target is more than reasonable. With the recent rejection, the technical analysis points to further downside. Let's see if there...
WARNING: The downside does not look like it's over yet and the entire crypto market looks ready for at least a final move. We break the neckline for BTCUSD and new local lows towards 14k are easily achievable. With recent fundamentals, there could be a market reset on the way.
A retest of the recent lows is on the cards for ETHUSD as the momentum has started to drizzle out. We may see a little bit of upside as shown, but likely to be capped by resistance with these current levels of volatility.
Hello everyone, just wanted to post an update to my followers as it has been a few days/weeks. I am currently waiting for macro timeframes to fully confirm their direction, but after today's sell-off, if we hold above 20k then the only way is up. The market is volatile today, and we could see dives below 20k. If this happens, then a retest of lows would be expected.
Bitcoin is looking prepped to test macro resistance after a rally first half of the week. Now that we can see support identified, it's time to enter a long position. Risk of sell offs so trade safely and keep an eye on TPs.
Rejection off key fibo, time to test support levels shown. Keep an eye on PA around TP1, TP2, TP3.
Support retest for XRP after lack of momentum post news. Down towards levels shown, TP3 is 4hr MA.
Ethereum looks prepped and ready for further downside after repeatedly failing it's tests to break through local resistance. Uncertain week ahead with increasing war tension.
Bitcoin looks prepped and ready for further downside after repeatedly failing it's tests to break through local resistance. Uncertain week ahead with increasing war tension. We are overdue a macro relief rally towards 23/24k however not sure it is here yet, maybe second half of the month or after a new low, let's see.
Quick short opportunity for MANA. Looks like the current candle is struggling to break local resistance and could tumble. 5 min charts need to come back down to earth as per say.
Quick short opportunity for Ethereum. Looks like the current candle is struggling to break local resistance and could tumble. 5 min charts need to come back down to earth as per say.
BITCOIN (BTCUSD) - Support Retest 📉 Take profit and stop loss levels shown. Please make sure you implement your risk strategy when reaching each TP, by either tightening stop loss or taking partial profits.
ETHEREUM (ETHUSD) - Time for more downside! Take profit levels shown, make sure you stick to your risk assessment when hitting these levels by either implementing stop losses, or taking profit on percentages of your position.
BITCOIN (BTCUSD) - Rejection off resistance! Short opportunity present, keep an eye out for those TP levels!
Ethereum looks like it is starting to top out after a relief rally this morning. Not confident in upside yet, and think we have a small short opportunity present.
Bitcoin has just rejected off of key resistance after a post FOMC relief rally overnight. Take profit levels shown.
Short opportunity is available for BNB now that it has concluded it's relief rally. Looking at current PA, a short opportunity is available for those with the risk appetite. Lots of fundamentals today though so be careful, FOMC commentaries could cause upside.
Ethereum has broken back through support and is ready to retest local lows. EDIT - IGNORE TP1 (ERROR) - FOCUS ON TP2 AND TP3