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ETH/USDT Weekly Update:The weekly chart of ETH/USDT shows a strong ascending trendline support that has been respected over the past several months. The price is currently testing this trendline support near the $2,300 level, suggesting a potential bounce from this key support area. The primary support level is the ascending trendline around $2,000 to $2,300. Holding this level is crucial for maintaining the bullish structure. A major resistance zone is highlighted between $4,200 and $5,000. This area has acted as a significant supply zone in the past and is likely to be a major obstacle to further upward movement. If ETH can hold above the trendline support and gain momentum, a potential rally toward the $4,200 to $5,000 resistance zone could occur. This would align with the chart's upward arrow, indicating optimism for a continued upward move. If the price fails to hold the support and breaks below the trendline, we might see a deeper correction, potentially testing lower supports around $1,700 to $2,000. A weekly close above $2,400 with increased volume would provide a strong bullish confirmation, suggesting a higher probability of testing the $4,200-$5,000 resistance zone. Monitoring RSI, MACD, or other momentum indicators on the weekly timeframe could provide additional confirmation of a potential trend reversal or continuation. The presence of a large upward arrow on the chart indicates a bullish sentiment, expecting a rebound from the current levels. Broader market conditions, Bitcoin's price action, and macroeconomic factors will also play significant roles in ETH's price trajectory. Traders should consider setting stop-loss orders below the ascending trendline or the $2,000 level to manage downside risk effectively. Regularly review and adjust positions based on evolving market conditions and price actions near key levels. This weekly update outlines the critical levels and scenarios for ETH/USDT, highlighting the importance of the ascending trendline support for the continuation of the bullish outlook. Watch for confirmation signals and stay aware of market influences that could affect ETH's performance. Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
Long
by CryptoSanders9563
DOGE/USD UPDATE: Navigating Entries and Downward TrendWelcome back, gang!! It's time for a quick update on our DOGE/USD trading analysis. Buckle up as we delve deeper into the daily and 4-hour timeframes, uncovering major structural zones and trends that are shaping our next moves. Upon closer inspection, we've identified key structural zones and downtrends, aligning them with Fibonacci levels from the previous leg. Zooming in on the daily chart, we see price touching the 50% mark or the $0.17 level. However, here's the kicker – we're currently below the daily structure and fib level, indicating a continuation of downward pressure. The 4-hour timeframe confirms this with lower lows and highs, solidifying the downward trend. Now, here's the game plan: We need to keep a close eye on price action for the next 1-3 days to determine whether the current level will serve as a loading zone or if we'll break support of the monthly structure, ushering in further downward momentum towards our previous entry zone as mentioned in the previous analysis. Patience is key, my friends. For those brave souls willing to risk it all, you might consider implementing a martingale trading system. But remember, it's not for the faint of heart. On the flip side, dollar-cost averaging (DCA) remains a rock-solid strategy, especially for those who fear missing out on potential rallies from here. However, if you're not feeling it, there's no shame in sitting this one out – missing an opportunity is always better than suffering losses (especially if you're trading versus investing). So, gear up, stay vigilant, and may the trading gods be ever in your favor! Keywords: DOGE/USD, trading analysis update, structural zones, downward trends, Fibonacci levels, daily timeframe, 4-hour timeframe, loading zones, support levels, trading strategies, martingale system, dollar-cost averaging, risk management, trading versus investing.
BINANCE:DOGEUSDLong
by PlutusX
2
#ETH/USDT 1DAY UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. ETH UPDATE :- Ethereum (ETH) was also lower during Saturday's session, as the coin fell below $1,600 once again. After Friday's high of $1,643.18, ETH/USD declined by almost $100 to a low of $1,542.30. As bearish sentiment returned to crypto this fall, Ethereum broke its own support at $1,550 to start the weekend. The earlier downtrend has now subsided, as profit takers opted to give up their positions as opposed to keeping the trades open. Although the prices have risen above the previous levels, there are some who fear that there will be further downside. If the market volatility continues to trend downwards, the bears are looking at the lower $1,420 level as a potential target. This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:ETHUSD
by CryptoSanders9563
6
BTC update, important moment, down or up?Here we are looking at a 1 hour chart for BTC. It does seem that during 18:00-19:00 hour BTC found a local low and bounced a bit, but is it a dead cat's bounce? I am leaning towards yes based on this criteria (also noted in text on chart): 1. BTC is being rejected by the short term moving averages and is way under long term moving average 200 DEMA 2. Four hours in the green post bounce BTC saw very little movement up 3. Rejection occurred during 19:00 on December 29 hour despite strong volume 4. Today, December 30, BTC has been rejected at bbands at least four times. 5. Market Psychology: I believe we are in the denial phase of the second market psychology cycle that has happened during the macro cycle started in fall 2020. First we set new ath followed by crash in May/June, and then we saw a second run up and net ATH set in the fall. Since then we have only trended down. The trend is your friend my friends and even though I like BTC and want it to succeed and believe it will long run, right now is not the time to hold. Be cautious. We could see some big drops and revisit the $1.7T resistance zone for the total crypto market.
Short
by CryptoSlayerFX
8