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ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy: Key Levels: Resistance Zone: $2,461 - $2,460 (red zone) Support Levels: $2,357 (first target), $2,320 (secondary target) Analysis: The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers. The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone. The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues. Trading Strategy: Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320. Stop Loss: Place a stop just above the $2,461 level to limit risk. This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
by Suyouu
BTC at a Crossroad: Bounce or Drop to $57,885?The BTC/USD 4-hour chart shows several key technical patterns that can guide a trading strategy: Resistance and Downtrend: There is a visible resistance zone around $62,441, marked by the red area and a descending trendline. The price has previously reacted at this level and rejected it, indicating that sellers are currently in control around this region. Any attempt to break above will face resistance, and short positions can be initiated near this level. Support Zones: The $57,885 level is a crucial support area. If the price falls below the current zone (around $60,800), we can expect it to test the $57,885 support. A break below this support would open up more downside potential, possibly triggering stronger sell-offs. Potential Rebound: The blue path shows a possible bounce from the $60,800 region, leading to a brief upside before hitting resistance again. However, unless BTC can decisively break above the $62,441 level, this upside is likely to be limited. Strategy: Short Position: Enter near $62,247 - $62,441, with a target towards $60,800 or lower. Tight stop loss just above the descending trendline. Long Position: Consider entering near the $57,885 support if the price holds, targeting a potential recovery back to $60,800.
BITSTAMP:BTCUSDShort
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SOLUSDT todayBased on the chart for SOLUSDT, here's a short and concise analysis: Current Trend: The price has broken below a key trendline, indicating potential further downside. Resistance: The area around 145.27–145.91 USD serves as the nearest resistance zone, where price previously rejected. Support: The price is approaching the 141.07 USD level, and a deeper drop could lead to the next key support around 138.08 USD. Strategy: A bearish scenario is likely to play out, targeting the 138.08 support zone if the price continues to weaken after failing to reclaim the resistance. Watch for price action near the 141.07 level for potential short opportunities.
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BTCUSDT: Continue selling or should buy?Based on the chart provided, the short-term bearish strategy for BTCUSDT could be as follows: Resistance: The key resistance level is around 65,917.43 USD. Support: The immediate support zone is between 61,497 - 61,728 USD. Strategy: Wait for the price to either retest the resistance zone or form a bearish pattern at the support level. If the price breaks below this support zone, it is likely to continue declining toward the target area of 53,953 USD. It's recommended to place a stop-loss above the resistance level to minimize risk in case of a breakout to the upside.
Short
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ETHUSDT: Bearish Setup – Time to Sell?ETHUSDT has been drawing attention with its recent price movements. The technical chart shows a potential selling opportunity as the price approaches a key resistance zone. Key Resistance Level Currently trading around 2,437 USD, ETHUSDT is facing strong resistance at 2,691 USD. This level has repeatedly proven difficult for ETH to break above, suggesting a possible price reversal once it is retested. Trading Strategy Traders are eyeing this resistance zone for a potential short opportunity. If ETH fails to break 2,691 USD and shows signs of weakness, a sell order could be placed, targeting lower price levels. Bearish Target If the bearish scenario plays out, the first target could be around 2,300 USD, with room for further downside if selling pressure increases. It’s important to set a stop-loss just above the resistance to manage risk. What’s your take on this potential ETHUSDT move? Do you think it’s time to sell or hold? Let us know in the comments!
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Dual Strategy for BNB/USDT: Buy or Sell OpportunitiesBuy Strategy: Entry: Look to enter a long position if the price holds above the 563 - 567 support zone, showing signs of a reversal. Target: Aim for the 581 resistance level as your first profit target. Stop Loss: Place a stop loss below the 563 level to protect against further downside. Sell Strategy: Entry: If the price fails to break above 581 and shows signs of weakness, consider entering a short position from this resistance level. Target: The first target could be the 563 - 567 zone. If price breaks below this, the next target is around the stronger support zone between 540 - 550. Stop Loss: Place a stop loss above 581 to minimize potential losses in case of a breakout. By balancing these two approaches, you can capitalize on price movement whether it goes up or down. Good luck with your trades!
by Suyouu
BTCUSDT Trading Strategy. Based on the provided chart and the market context, here is a concise analysis and strategy for trading BTCUSDT: Strategy: Focus on a bullish trend with potential pullbacks. Current Price Zone: BTCUSDT is trading around 63,676, with the next resistance zone around 64,038.94. A breakout above this level could open the path to higher levels. Key Resistance: The next significant resistance lies between 66,000 to 66,100. Watch for price action at this zone as it may trigger either a pullback or consolidation. Support Zone: In the event of a pullback, a strong support area lies around 62,300 to 62,500. This is a good re-entry point if prices dip. News Impact: Monitor any global or regional market news as geopolitical tension or economic announcements could push volatility. Trade Direction: Enter long positions on bullish momentum, especially after breaking the 64,000 level. A pullback near 62,500 offers a chance for additional buys. Target the 66,000 zone, but consider partial profit-taking at key resistance levels.
by Suyouu
XRPUSDT Based on the XRP/USDT chart you've shared, here's a trading strategy for a bearish scenario: Current Price Action: The price is currently trading around $0.5263 after a significant downward move. It has also broken below the 0.5 Fibonacci retracement level of $0.5858, signaling potential further downside. Resistance Levels: The region between the 0.5 and 0.618 Fibonacci levels ($0.5858 - $0.5672) is acting as a key resistance zone. If the price retraces upward, this zone could present a strong resistance, offering a potential sell opportunity. Bearish Target: A continuation of the bearish trend could take the price down to the 1.618 Fibonacci extension level at approximately $0.4096. This could serve as the next major support level and a potential take-profit area for sell positions. Sell Setup: Look for sell opportunities if the price retraces back to the resistance zone between $0.5672 and $0.5858 and faces rejection. Set your stop-loss slightly above the $0.5858 level. Risk Management: Ensure proper risk management by placing a stop-loss above the resistance zone and targeting the 1.618 Fibonacci extension level for your take-profit. This strategy aims to capitalize on the ongoing downtrend while allowing room for a potential retracement before the price continues lower.
Short
by Suyouu
BTCUSDT continues downtrendThe airstrike by Iran on Israel in April 2024 and the attack on Israel on October 7, 2023, also revealed a similar bearish pattern for Bitcoin. Gold investors assert that Bitcoin behaves more like a speculative risk asset, similar to tech stocks, rather than a safe haven. Jesse Colombo, an analyst, predicts that Bitcoin is now closely tied to the Nasdaq 100, particularly to U.S. tech stocks. He warns that the collapse of this "bubble" could negatively impact Bitcoin's value.
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SOLUSDT TODAY Based on the SOL/USDT chart you provided, here’s a concise trading strategy: Super Support Zone: The highlighted zone around $115 - $125 acts as a strong support level. This is where buyers might look for entry points. Buy Opportunity: If the price dips into the super support zone and shows a bullish reversal signal, consider opening a buy position. This zone has historically acted as strong support, making it a potential area for long trades. Sell Scenario: The descending trendline marks significant resistance. If the price retraces upwards and touches the trendline (around $145 - $150) without breaking above it, this could be a sell opportunity, especially if bearish signals appear. Key Levels: Buy in the $115 - $125 zone (upon confirmation of a reversal). Sell around the $145 - $150 resistance level (if the price is rejected at the trendline). This strategy allows you to capitalize on both potential buy and sell opportunities based on market conditions.
by Suyouu
SOLUSDT: Forming a bearish pattern?The SOLUSDT chart may be forming an Inverse Cup pattern, which signals a potential trend reversal from bullish to bearish. In this pattern: The inverted cup is created when the price rises, then reverses downward, forming a rounded top resembling an upside-down cup. As the price drops and approaches the support level, traders watch to see if the support will be broken. If it does break, a strong bearish trend is likely to follow. In the case of SOLUSDT, the price is showing signs of declining from the top of the inverted cup pattern, and it could continue to fall if it breaks below the support levels of 145 USDT and then 134 USDT. Trading strategy based on the inverse cup pattern: Traders can wait for a break below the support level to confirm the bearish trend and then enter a sell position targeting lower levels, such as around 134 USDT.
Short
by Suyouu
ETHUSDT Today’s ETHUSDT analysis shows a potential bearish continuation. After a sharp 10% drop, the price is hovering around $2,390, signaling more downside risks. The chart indicates that ETH might enter a consolidation phase, with the price likely retesting the resistance zone between $2,839 and $2,535 before making another move lower. Key Levels: Resistance Zone: $2,839 to $2,535 Support Zone: $1,550 (major support zone highlighted below) Trading Strategy: Bearish Setup: If ETH struggles to break through the resistance zone, it may lead to further declines, potentially dropping to the support level at $1,550. Traders could look for shorting opportunities near the resistance around $2,839 with a target of $1,550. Stop Loss: Place the stop loss just above the $2,839 resistance to protect against any unexpected breakouts.
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BTCUSD: How to trade ?Today’s analysis for BTCUSDT based on the chart shows a potential continuation of bearish momentum. The price has been rejected at a resistance level around $63,000, highlighted by the red arrow and labeled "Resist". The current price is hovering around $61,100, and we observe that BTCUSDT is struggling to break back above this resistance zone. Key Points: Resistance: $63,000 is acting as a strong resistance level. Support: There is a crucial support zone around $54,300, as shown in the green area on the chart. Strategy: Bearish Scenario: If BTCUSDT fails to break above the resistance around $63,000, a further drop towards the support level at $54,300 is likely. Consider short positions below the resistance level with a target near the support zone. Stop Loss: Set above $63,000 to mitigate risks in case of a breakout. Bullish Scenario: If there is a clean break above the $63,000 resistance level, the next upside target could be around $66,000 or higher, invalidating the bearish outlook. The overall sentiment remains cautious as investors monitor price action around key resistance and support zones.
BITSTAMP:BTCUSD
by Suyouu
3
ETHUSDT Faces Key Resistance, Downtrend Ahead?The ETHUSDT chart shows Ethereum currently trading within a sideways channel, with support around 2,400 USDT and resistance near 2,750 USDT. After a slight recovery, ETH seems unable to break through this resistance level and is now turning downwards. Combined with uncertainty in the cryptocurrency market and macroeconomic factors, ETH is likely to continue fluctuating within this range before possibly breaking the support zone. If the 2,400 USDT level is breached, a strong downtrend could push ETH to lower levels around 2,200 USDT or even further. Trading strategy: Traders can wait for ETH to reach the resistance zone near 2,700 USDT to enter a sell position, with a target of 2,400 USDT. If the price breaks below this support, continue holding the sell position with a lower target around 2,200 USDT.
by Suyouu
ETHUSDT Near Resistance - Expecting a Downward CorrectionETHUSDT is currently testing a descending trendline, which has acted as resistance in previous instances, as shown by the two prior rejections marked by red arrows. The price is hovering near $2,650, with a potential move towards $2,740 if short-term bullish momentum continues. However, based on the chart pattern and market behavior, there is a high likelihood of rejection near the $2,800 mark, leading to a bearish correction. The projected scenario suggests that if ETH is rejected from the trendline, it may revisit the support zone around $2,300 - $2,200. The market remains cautious as traders await key macroeconomic data that could influence risk assets, including crypto. This trend aligns with the broader market's volatility and concerns around interest rates and global economic uncertainty. In summary, ETHUSDT could see a short-term increase before likely encountering strong resistance, prompting a downward move towards the support range. Traders should be alert to price action near the $2,800 level for possible trend reversals.
by Suyouu
BTCUSDT trading strategy today.Bitcoin is currently priced at 64,444.91 USDT, showing a slight dip of 1.76%. It’s nearing a critical support zone between 63,000 - 64,000 USDT, which has held strong in the past. Moving averages still suggest an overall bullish trend despite the recent pullback. -Strategy: Entry: Look for a bounce in the 63,000 - 64,000 USDT support zone. Confirm a reversal before buying. Take Profit: Target 66,000 USDT first, then 67,000 USDT. Stop Loss: Set below 62,900 USDT. If support holds, this could be a good opportunity for a bullish trade. Stay cautious and watch the market closely!
Long
by Suyouu
Today's BTCUSDT trading strategy!Hello everyone, let’s continue to analyze trends and strategies together! Currently, BTCUSDT is hovering around the $65,000 level, gaining momentum after successfully breaking through the resistance at $64,500 in the short term. From a technical perspective, considering the trendline and the EMA 34, 89 indicators, I believe a buying strategy remains favorable in both the short and medium term. The uptrend could be further reinforced if it manages to break through the $65,300 resistance level soon. Wishing you all happy trading and abundant profits!
by Suyouu
ETHUSDT ETH has experienced a downward move but found strong support around the 2,560–2,580 USD range, as shown in the chart. Despite the recent decline, the price has bounced from this support zone, signaling a potential reversal. The price is currently approaching the upper boundary of the descending channel, and if it breaks out, we could see a bullish continuation. Fundamental Impact: Recent market conditions and news surrounding Ethereum have remained positive, including increased institutional interest and developments in Ethereum's ecosystem. This could provide bullish momentum, further supporting a breakout. Prediction: If ETHUSDT breaks above the descending channel near 2,620 USD and holds, we could expect a rally toward 2,660 USD and potentially higher. If the breakout fails, the price may retest the lower support zone. Keep an eye on the 2,620 USD level for confirmation of the uptrend.
by Suyouu
BNBUSDT today Based on the BNBUSDT chart, we observe that BNB has encountered strong resistance in the 610 - 615 USDT zone (marked in orange), where the price reversed after failing to break through. Currently, BNB is trading around 596 USDT and finding support in the 590 - 595 USDT zone (marked in blue). Technical Analysis: BNB may experience a short-term recovery from the 590 - 595 USDT support zone, aiming to retest the resistance zone at 610 - 615 USDT. If BNB fails to break through this resistance, the price is likely to continue its downward correction. A more bearish scenario could unfold if BNB breaks below the current support zone, potentially leading to a sharp drop towards the 580 USDT level, which serves as the next key support. Conclusion: In the short term, if BNB holds above the 590 - 595 USDT support zone, the price may recover and retest the 610 - 615 USDT resistance level. However, if the price breaks below the current support, a significant drop towards the 580 USDT level may occur.
by Suyouu
ETHUSDT : Downward correction in price channel . Based on the provided ETHUSDT chart, ETH is trading within a descending price channel, with strong resistance at the upper trendline. The price is currently hovering around 2,643 USDT and has failed to break through the upper resistance, indicating that buying pressure is insufficient to push prices higher. Technical Analysis: ETH has attempted to test the upper resistance of the channel but has been unsuccessful, increasing the likelihood of a short-term decline. The 34 and 89 EMA lines are providing dynamic support for ETH, particularly around the 2,608 USDT level, which serves as a crucial support zone to watch. If the price breaks below the lower trendline of the descending channel, a deeper drop towards lower levels around 2,580 USDT or further could be expected. Conversely, if ETH manages to recover and break the upper resistance of the channel, the price could rise toward the higher levels around 2,680 - 2,700 USDT. Prediction: In the short term, ETH is likely to continue its downward movement, testing lower support levels near 2,608 USDT before potentially experiencing a minor rebound.
by Suyouu
SOLUSDT Based on the current SOLUSDT chart, Solana has broken out of a descending channel and is attempting to continue its upward momentum. Here are the key highlights from the technical analysis and market impact: Breakout from the Descending Channel: Solana has broken through the upper resistance of the descending price channel. This indicates strong bullish momentum, and SOL is now targeting higher price levels. Key Support and Resistance Levels: The support zone is around 146 - 148 USDT (highlighted in green). This area may provide a foundation for further upward movement if the price pulls back slightly. The major resistance is at 152 - 154 USDT (highlighted in orange). If SOL breaks this resistance, it could push higher with a clear bullish trend. Short-Term Expectations: SOLUSDT is likely to experience a slight correction towards the support level around 148 USDT before finding new buying pressure and attempting to test the resistance zone at 152 - 154 USDT. A successful breakout above the resistance could lead to a significant upward move, with higher targets becoming viable. Forecast: In the short term, SOLUSDT is expected to retrace slightly towards the 148 USDT area before bouncing back to test the key resistance at 152 - 154 USDT. The weakness of the US dollar and positive sentiment in the cryptocurrency market could fuel further growth for SOLUSDT.
Long
by Suyouu
ETHUSDT : Pricing momentum lasts"ETHUSDT is currently on a prolonged downtrend, confined within a descending price channel. My strategy continues to prioritize selling in the long term, although ETHUSDT may experience some upward corrections along the way. If the upper boundary of the price channel remains intact, it could be a good opportunity to consider selling this coin based on the targets and strategy outlined on the chart. What about you? Do you think ETHUSDT has the potential to break out of this channel and reverse its trend?
by Suyouu