Ethereum Bear Pennant Chart AnalysisExamining the Ethereum Chart at a Critical Juncture
Ethereum currently trades around $1785, up 115% from the recent bear market bottom. However, the chart shows ETHUSDT forming a bear pennant pattern, which is typically a continuation pattern. Let's analyze the key levels and potential scenarios.
Bear Pennant Breakdown Threat
Per the chart, Ethereum is forming a bear pennant just below resistance at $2300. As a continuation pattern, a breakdown below the pennant points to a resumption of the prior downtrend.
If $2300 resistance holds, ETH could see a bearish breakdown targeting the next support zone around $1500.
Critical Support Level
The $1500 level is critical long-term support for Ethereum, representing the final defense before a steeper fall. As long as ETH holds above $1500, the chart suggests upside potential remains.
A decisive break below $1500 would open the door to a more pronounced bearish move targeting sub-$1000 prices. This would create attractive buy opportunities but also highlights downside risks.
Bullish Breakout Potential
Alternatively, if Ethereum can push through the bear pennant resistance at $2300, it may signal the start of a new bull market. In this scenario, the initial measured move points to $3600 as the next likely upside target.
Key Takeaways
Traders should watch $2300 resistance and $1500 support closely to gauge direction. Break above $2300 turns focus to the upside. But failure to hold $1500 could accelerate the downtrend. Proper risk management around these levels is crucial.
BNB
GALA| short position with gain!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Deal plan:
Entry - 0.0180/0.01865$
Stop - $0.01963
Take - $0.0160
FTT| Dark fundamental FTX and technical development!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
The FTT coin is still showing signs of life, you can try to take a short position with a small gain, distribute the takes yourself, I set it to the 0.618 level, I think we will get there soon...
Deal plan:
Entry - 1.260/1.307
Stop - $1.385
Take - 1.126
SNT| Local downward channel, will there be growth here?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
The SNT coin has formed a downward local channel at 2H, which in the future may work for potential growth; at the moment the price is almost at the upper limit and there is a possibility of a rebound to the 0.5 Fibonacci level.
Deal plan:
Entry - 0.02926/0.02815$
Stop - $0.02650
Take - $0.03323
Guys, the most important thing is to follow risk management, coins are too volatile to inflate risks, be careful!
Bitcoin is trying to get out of the triangle again!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Yesterday's hike with an exit to $33,400 probably made many people nervous, especially those who missed the growth and stocked up on the highs, and perhaps even made the right decision.
If we look at the chart from the technical side, then at 6H we have the well-known triangle pattern, which was confirmed yesterday from below and is now actively pressing the upper border, which, in fact, can cause growth to the zone of $35,000-35,500.
If you look at the chart from a psychological point of view, then an increase towards $35,500 even looks quite logical: you can again cause a lot of FOMO among market participants and throw off those who are 100% sure that a correction is about to begin.
I still remain in a short position with a fat minus on my shoulders and psychologically I even overcame the pressure that was a week ago. And to brighten the situation a little, I opened a small long on DOGE. Perhaps the dogs will soon get off their leash :)
Guys, don’t pay attention to the arrows, this is just a sketch so that the graph doesn’t look empty. The price may go according to a completely different scenario
BNB/USDT 1H Interval ReviewHello everyone, let's take a look at the BNB to USDT chart taking into account the one hour time frame. As you can see, the price is moving above the local downtrend line.
After unfolding the Fib Retracement grid, we will mark a support zone from $224 to $221, while we still have support at $218.
Looking the other way, you can see that the price has moved back through the resistance zone from $230 to $234, and then we have resistance at $238.
Looking at the CHOP indicator, we can see that there is still some energy left for a move, on the RSI indicator, despite the recovery, there is still room for a decline, and on the STOCH indicator, we have room for the price to go lower.
BNB: BREAKOUT | RETEST | BOUNCEBNB Update:
BNB has broken above the resistance trendline in a daily timeframe. This move is different compared to the previous move as you can see in the chart. This breakout could possibly push BNB toward the bullish side. All it needs to do is hold the price above the resistance trendline.
A breakdown back to the falling wedge pattern will invalidate the bullish move for the time being.
Note: This analysis is on a higher timeframe. Do not scalp based on this chart.
Trade safely.
Regards,
Team Dexter.
BNBUSD down almost 40% since mid-summer, time for a rebound?One of the cryptocurrencies that came to our attention recently is Binance Coin. Currently, it trades near $213, down nearly 40% from its summer highs, which makes a compelling case for a rebound. As a result, we watch a setup with a long position entry above Resistance 1 and a tight stop-loss order below it; Resistance 2 will act as our price target level if the breakout occurs. We will update thoughts on the asset with the emergence of new developments.
Illustration 1.01
Illustration 1.01 shows the setup for BNBUSD.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Neutral
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BNB 4HInterval Review ChartHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
After unfolding the Fib Retracement grid, you can see that the price is moving above the support zone from $212.5 to $210.5, then there is support at $208.5, and then a strong support zone from $205.6 to $201.9.
Looking the other way, you can see that the price is trying to attack the strong resistance zone from $214 to $217.4, when it manages to overcome it, we still have resistance at $221.6.
Looking at the CHOP indicator, we can see that the energy is slowly starting to grow, on the RSI we are moving in the upper part of the range, but looking at the STOCH indicator, we can see that the rebound took place to the middle of the range and resulted in another rebound, which slightly limited the space for a new price increase.
BNB: WRESTLING THE RESISTANCE TRENDLINE.BNB Update:
BNB has remained calm and managed to maintain the $200 range quite significantly. With the current price level at $212, BNB is still under the threat of dipping down as it faces the resistance trendline. If somehow BNB manages to break and close above the resistance trendline, things may look different. If not, we have the $200-$203 support waiting for BNB.
What's your view on BNB, let me know in the comments.
Thank you for reading and trade safely.
Regards,
Team Dexter.
BNB/USDT 4HInterval Review ChartHello everyone, I invite you to review the chart of BNB in pair with USDT, on a four-hour interval. First of all, we can use the blue lines to mark the upward trend channel in which the price is currently trying to go above it for the second time.
Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and here we can see a strong support zone from $208.5 to $205.7, but when we fall lower, the next support is at $202.
Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the price was rejected by the resistance zone from $214.6 to $218.5, and then we have a second strong zone from $222 to $228.
The CHOP Index indicates that most of the energy has been used. The RSI indicator shows that we approached the upper limit, which resulted in a price recovery, similarly the STOCH indicator began to reverse after approaching the upper limit and it is clear that there is room for the price to go lower.
Bitcoin - is the buyer's strength running out?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, so far you can tell by the arrow that yesterday’s bullish triangle worked 100%, but I did not hedge the SHORT position, since the entry point is close.
Locally, we again saw a run above $30,000, which was very good; perhaps those who were trying to quickly go short and place their stops just above $30K were not happy with the result, shaved off...
At the moment, technical: there are several important zones from which the price can rebound again and again: the support zone of $28,770-28,350 and $27,850.
But for me personally, since I hold a short position, the “trigger” will be to see the consolidation in the current range, then I will think differently guys, but now we can say that I’m just watching the chart with a cup of tea in my hands :)
Bitcoin is drawing a bearish pattern! What will happen next?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, another BTC chart only with the “Rising Wedge” pattern, it may not look so sexy, but there are clearly boundaries here and it can work out for a correction.
No, don’t think that now if I’m holding shorts, then I’m providing you with options that suit only me, no, that’s not true at all. Look at yesterday's BTC chart in my forecast, there I threw a chart with bullish signs and by the way they worked out well :)
Guys, the arrows on the chart are just my sketches, don’t take them to heart, because the price could go in a completely different scenario)
SYS - bullish engulfing of past shadow ahead!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
I found an interesting coin with increased volatility, priority on bullish absorption of the shadow, which is highlighted in red, you can try it with current values.
Plan for the deal
Input - 0.082/0.0810
Cancellation of the plan - going below 0 Fibonacci level (0.0777-0.0775)
Take - 0.0865, you can fix half and it is advisable to place a stop in a used one.
Guys, special attention! Don’t try to play with your shoulders, the coins are highly volatile, this can be seen from the chart, be careful)
Bitcoin - Get Ready for Another Movement!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, just like you, I was not prepared for such a development of events, although before that I wrote that volatility should be expected from all this news related to BTCETF... Well, they will give us fake information and take it so far, I honestly did not expect this see).
But there is also a downside to all this shit, I averaged out my short position and now it has become more comfortable to expect a correction, for now I am without a stop, and yes, with my risk management I can afford to do this at a distance)
Technical: after the takeout, the classic price is now forming a triangle; if you look at the junior TFs, you can say that this is a bullish sign, and in theory, all this consolidation in the range of $28,000-28,500 can lead to another run to $30K. But I am still inclined that the correction is already close and all this news related to BTCETF (locally) is to confuse people that there will be a correction at all. I wrote about this earlier). Please note that the graph is just a sketch
Globally, of course, if ETFs do approve, this news will of course be a strong positive on the market, I don’t argue with the guys, but for now this is just an excuse to attract our attention and drive us into courage) But we’ve already been through this and we know how behave in such situations
$FLUX COIN, THE FATHER OF ALL WEB 3 PROJECTS IN CRYPTO SPACEYes, you read it right.
Flux Coin will be the next 10x, 20x, and who knows, it might even reach 50x. With its supply, reaching $10 seems easy in the next bull run, especially when they release its Proof of Useful Work.
The Flux management and developers are continually building its ecosystem to sustain the possible circumstances of their PoUW, despite the bear market season.
Its all time high was $4.17, and it seems that reaching the said minimum target is easy,
IN MY CHART:
Let's talk about the technical side of $FLUX. I have been closely monitoring its movement on a weekly basis, and it appears that the accumulation is hovering around $0.30 - $0.33, which, in my opinion, signals a healthy trend. Flux is currently undergoing a consolidation phase, reflecting a markdown trend. However, if the price breaches its key resistance, the bulls will likely attempt to push it back to around $0.8.
My buying zone falls within the range of the green box. Anything below that will be my dollar-cost averaging (DCA) zone.
FUNDAMENTAL PART:
The Flux ecosystem is focued and devoted to empowering everyone to develop, deploy and use the decentralized Internet of the future: Web3, it is a powerful decentralized computational Flux Network (FluxNodes), a Linux based operating system (FluxOS), the premier digital asset platform (Zelcore) and, finally, the Flux blockchain for on-chain governance, economics and parallel assets to provide interoperability with other blockchains and DeFi access.
DYOR
Plan your execution of trades, so that you don't plan to fail.
Happy Trading, everyone.
PERLUSDT|Potential countertrend retest!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
If we consider a futures position, then we can try with a little good below. 1-3% of the deposit with a leverage of 3-5X.
Deal plan:
Entry - 0.1888/0.1820$
Stop - $0.1723
Take - 0.1990, remove 50% of profit, stop in used.
You can also consider a coin on spot, if you look at the 2D chart, you can see a counter-trend line from the maximum value of the coin to the current price, perhaps the price will soon retest this counter-trend line, +30% without leverage.
BNB ☁️ Downtrend for the next 3 days? Mixed trading conditions ahead for the global crypto market, with Bitcoin, Ripple, and Binance Coin facing slightly bearish clouds in the next 24 hours. ☁️ BNB downtrend continues for the next 72 hours.
Ether, Cardano, Avalanche, and Dogecoin bask in slightly bullish sun. ☀️ However, Litecoin and Polkadot endure the crypto storm 🌧️, signaling a very bearish market with downside risk.
Over a one-week horizon, the outlook remains cloudy ☁️ and rainy 🌧️ for most cryptocurrencies, with Bitcoin and Polygon as the exceptions. They should both enjoy a slightly bullish sun ☀️, indicating an upside potential.
Follow us for more crypto weather reports!
Binance Manipulation !BINANCE Stop Manipulation with Terra Luna !
Please Deliste Luna From this terrible exchange !
BNB/USDT 4HInterval ReviewHello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price tried to break above the local upward trend line, but quickly returned below it.
After unfolding the trend based fib extension grid, we can see that we have a support zone from $207 to $204, then support at $201 and then at $199.
Looking the other way, you can see that we are in the resistance zone from $209 to $211, and then we have a second zone from $213 to $217.
Looking at the CHOP indicator, we see that most of the energy is exhausted, on the RSI indicator we are approaching the upper limit, which may reverse the price movement, and on the STOCH indicator we are also approaching the upper limit, which resulted in a deceleration of growth.
BNB/USDT 4HInterval Review CHartI invite you to check the BNB chart on a four-hour time frame. We will start by marking the upward trend channel with blue lines, from which the price broke out at the bottom, and the price decline itself was close to the height of the previously defined channel.
Moreover, it is clearly visible that the lower end of the decline after leaving the channel is also the location of the current support zone.
At this point, it is also worth defining the downward trend triangle we are in with the yellow lines.
Next, using the Trend Based Fib Extension tool, we can determine an important support zone in case the price breaks out of the current triangle.
Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that currently the price must pass through the resistance zone from $217 to $221, then overcome the resistance at $233 to continue towards the resistance at $252.
The CHOP index indicates that there is energy to make another move, on the RSI indicator, despite a slight change on the chart, we have an upward movement but there is room for the price to go up, while taking into account the STOCH indicator, it is clear that we are approaching the upper limit, which may result in another recovery and only then a larger upward move.
HelenP. I Binance Coin can rise little more and then bounce downHi folks today I'm prepared for you Binance Coin analytics. If we look at the chat, we can see how the price bounced from resistance 2 and tried to rise, but failed and started to decline. BNB in a short time declined to the 208 level, thereby breaking the 216 resistance level, but at once price rebounded and made a strong impulse up to resistance 2. After this, the price some time traded near this level made correction, and then rebounded up to the trend line, breaking the 216 level, which coincided with the resistance zone, but soon BNB rolled down back. Later price declined until to 208 resistance level, which coincided with one more resistance zone, and in a short time price broke this level too and declined lower. Next, the price rebounded and rose to the trend line, broke it, and made a retest. After this, BNB rose to the resistance zone, but a not long time ago it rolled down, and at the moment price trades near the trend line. I expect that Binance Coin can rise to a resistance zone and then bounce down to the trend line. That's why I set my target at the 204 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Binance Coin (BNB) -> Another 500% RallyMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Binance Coin .
You can perfectly see that Binance Coin is forming quite strong support at the psychological $200 level from which we already saw multiple bullish rejections.
However since Binance Coin is approaching this level with lower highs, I am personally waiting for a breakout of the current bullish continuation triangle pattern.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡