$ETH Ethereum Trend Line AnalysisThe following is a short term trend analysis for ETH Ethereum as described in Trader Vic's "Methods of a Wall Street Master"
As of today, ETH has been able to establish higher lows and breakout of the triangle consolidation that began since FEB.
In order to establish the uptrend and break free from DEC started downtrend, ETH needs to close above 3400 zone, as this was the highest high prior to the lowest low (Black Horizontal Line).
Given a close above 3400 would imply much more upside, similar to what others are forecasting in equities as one final melt up before a significant crash / bear market to follow.
I'm awful at forecasting at trust the price action - an idea would be to start going long with significant adds once 3400 zone is re established and up trend is confirmed.
Failure to capture the uptrend implies the next leg down to sub 2000 zone... my bias is to the upside
Coin
DOGE Marketcap Increases by $900 Million as Coin Rallies by 10%The further development of the ecosystem around Dogecoin could affect its position on the market, as the memecoin has no use despite the bargaining chip. Previously, the developer community around the asset announced the further development of the asset and implementation of a new function that may transform the coin's path.
At press time, Doge trades at $0.12 with a 10% price increase in the last five days, while the marketcap of the memecurrency increases by approximately $900 million in the last 24 hours.
LTC rejects $112 as correction loomsTL;DR Breakdown
Litecoin price analysis shows litecoin is struggling to maintain price levels.
Support for LTC is present at $107.
Resistance for LTC is present at $112.
The Litecoin price analysis for today is bearish. The LTC/USD rallied high yesterday when the price surged from $106 to $111.3 in a swift move, gaining significant value. Today LTC is correcting again, and the price has decreased to $110.3 at the time of writing. After getting resistance at $111.3, LTC is correcting again as bears have taken control over the price function. Last week proved rewarding for the LTC/USD pair as the short-term price trend line is upwards, and the coin gained more than five percent value over the past week.
Coinbase in a Descending TriangleCoinbase - Short Term - We look to Sell at 193.04 (stop at 207.65)
Preferred trade is to sell into rallies. Trades with a bearish descending triangle formation. Trend line resistance is located at 200.00. The primary trend remains bearish. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 137.94 and 129.55
Resistance: 200.00 / 220.00 / 250.00
Support: 160.00 / 120.00 / 100.00
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10% retrace complete…Is it time for Bitcoin to Jump? $47KIt’s approximately 4:20 AM EST…….Bitcoin has completed 10% retrace as needed, showing some strong support above $41,000. The 20 EMA + 50 EMA are almost crossing paths now on daily timeframe, although the 100 EMA and Ichimoku cloud will need more volume and momentum.
The fact that these Bear Traps are setting up just like the previous time is beautiful. Below are my trade parameters.
ORANGE LINE: ENTRY PRICE
BLUE FLAG: CANDLE ENTRY LOCATION
PURPLE LINE: STOP LOSS
RED LINE: RESISTANCE ZONE
CYAN LINE: SUPPORT ZONE
GREEN ZONE: SUPER SUPPORT ZONE
Lower Limit : $40501
Stop Loss: $40500
Upper Limit: $52000
Take Profit: $52001
Grids: 46 (trades every $250 move up or down on BTC)
Profit per grid: 0.5%-0.75%
*Not a Financial Advisor* Use technical Analysis and do your own research. I am only taking this trade based on technical factors not emotions or impulse. If you traders are seeing this same reversal trend about to happen and bullish run for $47K —> $50K —> $60K like this post!
COIN: The most important resistance it MUST break!Hello traders and investors! Let’s see how COIN is doing today!
First, in the 1h chart, we see a clear bull trend, as COIN is doing higher highs/lows, and it is trading above the 21 ema. In addition, we just hit a support level at the black line ($ 162.55 area), and in this scenario, the gap at $ 220.97 is a technical target.
It is doing another gap today, and we can’t discard the idea of a pullback to the 21 ema, but remember: Pullbacks are natural movements. As long as we don’t see a bearish structure, like a Double Top, a Bearish Pivot Point, an Head and Shoulders, etc., we can’t say COIN will reverse.
However, we must be very careful at the $ 220 area, because it is very close to the most important key point on COIN, as evidenced in the daily chart:
The red line around the $ 213 has been working as a support/resistance multiple times in the past, and it might work as a resistance again. In my view, COIN would need a stronger bullish structure seen in the daily chart in order to break this red line for good.
Unlike the 1h chart, the trend is still bearish in the daily chart, therefore, I’ll stick with my idea that it need to do a better bullish structure in order to reverse. Let’s pay attention to the $ 213 area!
I’ll keep you guys updated on this, so remember to follow me to not miss any of my future analyses!
COIN- Bulls should hope for double bottomchart shows Trend based fib levels...165 corresponds to 100% retracement. price is showing bearflag again, which could be catastrophic for bulls....only hope is another hold near 165 to double bottom and reverse.
Otherwise, next level down is 40 (keep an open mind :)
Cryptocurrency Takes The Wheel - Bullsmany have greatly underestimated cryptocurrency, it will carry the market along with stocks look the market cap is sitting on the golden ratio it will continue up anyone selling crypto is blind.
s3.amazonaws.com
CAPITALCOM:CIX
CRYPTOCAP:TOTAL
CRYPTOCAP:TOTAL2
CRYPTOCAP:TOTAL3
AMEX:VTI
AMEX:VT
AMEX:VOO
COINBASE:BTCUSD
COINBASE:ETHUSD
BITSTAMP:XRPUSD
COINBASE:MATICUSD
COINBASE:LTCUSD
COINBASE:BCHUSD
COINBASE:ADAUSD
COINBASE:DOGEUSD
NASDAQ:COIN
NASDAQ:MARA
NASDAQ:HUT
Ethereum (ETH) falls below the important $2800 support zone – hoAt the start of February, we saw the entire crypto market rebound sharply. Ethereum (ETH) was one of the key performers and at one point, even got closer to $4000. But it has been a sharp fall ever since. More importantly, ETH has fallen below the crucial support zone of $2800. So, how far can bears take this? Here are some highlights:
ETH was trading at $ 2734 at press time, down about 5% in the last 24 hours
ETH has also fallen below the crucial 20-day exponential moving average
It is likely that the coin will fall to its next support of $2400 in the coming days.
Buy Signal.. confirmed by ribbons..... 02082022 DOGECOINWe are doing this a day early because we are traveling tomorrow and to our loyal followers we wanted to keep our 2 week recommendations in tack....
One will notice the chart has changed due to technical difficulties..... So at that the time of this writing Bitcoin bottom at around $33,000 USD and DOGECOIN $.1564....and bottom at $.1203 USD.... and in the last 5 days almost all currencies are up....
It our opinion that we have hit bottom and accumulation is is slowly moving to full buy recommendations but the me also stress we could have one more sell off by major holders...Inflation in the world is built in and you know that from the US government to Russia and China releasing the constraints we must be doing something is right....KPMG the major accounting firm has now added it to their own company asset structure...Also Mac Donald's is looking closely thanks to Elon Musk ..
More and more investors are realizing the business and personal advantages to the coin... as one person said to night ..my grandfather in 2014 at age 94 was able to see the dollar loose 20 but his investment into crypto was up 5000%....
So short term we are calling 30% return from $,1554 USD 3 months.... 100% 6 mos. and long term we $.50 to $.75...... I will also be transparent that there are day trades during this whole time and we gave profited from them..... we are long now at $,1591 looking for a short term trade..
As always we hope you are profitable in 2022 and are just giving our opinion for those who have been faithfull followers of us and we are grateful for that....thankyou.....
Bitcoin retracement entry for sells -NEXT UPDATEHello my friends, today I want to talk with you about
Bitcoin is still trading daily below HMA
Signaling that the bulls are not yet on top.
We can see resistance right at hma And a resistance that I finally detected by Fibonacci around $42,000 - $44,000.
If this level is broken Bitcoin can go to $50,000 or so but we are not there yet.
This is article not financial advice, always do your own research.
If you have any questions, you can write it in comments below and I will answer them.
And please dont forget to support this idea with your like and comment, thank you.
BTC 15M SHORT Up to 15 H laterThe price of Bitcoin entered the supply area after hitting the ceiling of the bullish channel, which was marked with a blue band, and even crossed this band through a few candles, approaching the price of 39358usdt, and the price growth stopped before that and the price started to correct from 39259usdt. And even broke its daily uptrend channel at the price of 37434usdt and reached the price of 37076usdt and pulled back to the previous price and is in a downward path and the following goals are available.
Target 1 is priced at 36754usdt
Target 2 is priced at 36276usdt
Target 3 priced at 35686usdt