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Candlestick Analysis

Ethereum 20% Crash: Temporary Setback or a Buy Opportunity?Hello, Traders! Ethereum experienced a significant drop, plunging over 20% in just one day and hitting its lowest point since last August. ETH price found strong support at $2130 and I don’t expect further downfall beyond this level unless broader market conditions deteriorate. One of the key technical developments was Ethereum breaking the crucial $2800 support zone, which is a bearish signal for the continuation of the uptrend. However, a quick recovery above this level could reignite bullish momentum and bring buyers back into the market. W atching how ETH reacts to this resistance will be crucial in the coming days. The main catalyst for this sell-off was Trump’s decision to impose tariffs on Canada, Mexico, and China, which triggered a broader risk-off sentiment in global markets. The crypto space, being highly sensitive to macroeconomic events, saw a sharp reaction, with Ethereum and other major altcoins suffering deep corrections. Despite the current bearish outlook, there is one major reason why Ethereum is likely to recover quickly — the upcoming Pectra upgrade, set to take place next month. Historically, ETH has seen strong rallies leading up to major network upgrades, and I expect a similar pattern to unfold this time. If the market stabilizes and sentiment shifts, Ethereum could reclaim lost ground and resume its long-term bullish trajectory. For now, the key levels to watch are $2130 as support and $2800 as resistance. A break above $2800 could signal a strong reversal, while failure to hold $2130 might open the door for deeper corrections Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
7
Bitcoin (BTCUSD) - End of January AnalysisBitcoin and the Stock index market are amazing for comparing how fundamental news impacts these asset classes. Both markets don’t have a strong correlation when we look at the price charts but the biggest thing they have in common is Artificial Intelligence meaning any negative news that is released will affect the price of both classes classes. We have seen weakness on the weekly timeframe with the chance of a draw down into a discount below $90,000.
COINBASE:BTCUSDShort
by LegendSince
Dow Jones (March 2025) - End of January AnalysisSimilar to Nasdaq and S&P, although we have closed bullish for the month, Donald Trump has made an announcement that tariffs will be placed in Mexico, Canada and China at a rate of 25% & 10%, which the market did not seem to like on the Friday. Intraday timeframes tell a different story to what the macro market structure is dictating. Short term, we could be in for a bearish retracement, rooting out all the stubborn traders who have a medium to long term trade on whilst trailing their stop. Very interested this month with how YM, NQ and ES delivers.
CBOT_MINI:YMH2025Short
by LegendSince
Nasdaq (March 2025) - End of January AnalysisNasdaq was set for weekly losses due to the rout that DeepSeek caused; revealing the breakthrough they had with low-cost artificial intelligence models. This caused a bloodbath in AI linked stocks. Technically speaking, we closed the month bullish but was still within a price range of the previous month, December 2024. Anything higher than 50% of the December monthly wick would give me the confidence to continue the bullish bias but I see the opportunity for a short-term market shift back into a area of previous rejections @ $20,025 - $20,428 so this is what I am looking toward until proven otherwise. Candle body closure above $22,093.50 will change my monthly bias to bullish as this will go hand in hand with my 6-month perspective
CME_MINI:NQH2025Short
by LegendSince
S&P 500 (March 2025) - End of January AnalysisS&P breaks the two week winning streak, finishing 1% down in rough trading conditions as China’s AI push weights amid bevy of corporate reports. With the news being released by Donald Trump that 25% tariffs will be imposed on Mexico and Canada + 10% for China, this could be seen as a bullish signal for the stock index. But sometimes bullies don’t always get their way and we could be in for a short term retracement targeting the lows of October’s bullish order block @ $5,856 - $5,776
CME_MINI:ESH2025Short
by LegendSince
Dollar Index - End of January AnalysisJune 2022 was the last time we witnessed a major bullish run reaching into macro imbalances @ 110. Donald Trump was elected in November 2024 and ever since, we have witnessed a similar run, in which Dollar punished those who were short based on market trend and sentiment at the time. Many long term traders saw 106 as ‘safe’ price point to place their buystops but the market had other plans… As the algorithm repriced higher upto 106, it became a self fulfilling prophecy where more buy stops were triggered increasing the likelihood of a low resistance liquidity run. Highs for the month is 110.176 Lows for the month is 107.969 Bearish bias negated if I see a candle body closure above the monthly highs and CE of 6 month sellside imbalance.
TVC:DXYShort
by LegendSince