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THETA - A Nice Pattern for a quick tradeBINANCE:THETAUSDT (1D CHART) Technical Analysis Update THETA is currently trading at $2.33 and showing overall bearish sentiment Price got rejected from the resistance within the channel and expected to crash further. There is a good short trade opportunity here. Entry level: $ 2.33 Stop Loss Level: $ 2.58 TakeProfit 1: $ 2.1 TakeProfit 2: $ 2.0 TakeProfit 3: $ 1.9 TakeProfit 4: $ 1.78 Max Leverage: 5x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Short
by GreenCryptoTrades
1
ETH cooling off?ETH broke a fib level of 0.786 at 3,406 now on a downtrend towards the 0.618 level at 2,866 in the monthly. Weekly fib, floating right under 3,406 bounced off a 3,213 support. Quick conclusion, on a cool downtrend watching the 2,866 fib level if it breaks the 3,213 support. On the Daily currently showed a reverse double stop, rejecting price forcing it down. Now cooking in a triangle on the daily on a downtrend which usually indicates bearish signals. Zoom out still trending up, watching the 3,406 fib level for uptrend signals. Don't forget what, and who you're doing this for. Remember to always to take your profits, DYOR, and invest only what you can afford to lose. My stuff is never any financial advice, i just post my opinions of stuff that i am on, goodluck, and happy holidays!
COINBASE:ETHUSD
by forstockzonly
ENS Price Action: Rebound Imminent or Bearish Freefall?Yello, Paradisers! Is #ENSUSDT gearing up for a significant rally, or are we looking at a bearish breakdown? Let’s take a closer look at what the charts are telling us. 💎#ENS seems poised to retest its support level before potentially continuing its upward movement. A breakout above the minor resistance could spark a strong rally, with the price likely heading toward the next key target at the strong resistance area. 💎However, there’s a risk to watch out for. If ENS fails to rebound and breaks below the support zone, the price could head lower, potentially hitting the bullish order block or demand area. This region is crucial for maintaining a bullish structure. If ENS manages to reclaim support around the $32 mark, there’s a good chance of a rebound and resumption of the upward move. 💎On the flip side, if the daily candle closes below this area, it would signal a bearish invalidation. In that case, we could see a deeper dip, with ENS entering a completely bearish phase and continuing its downward trajectory. Stay disciplined, trade smart, and let’s navigate this market with a professional mindset! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
Bitcoin $BTCUSD Bear FlagBitcoin BITSTAMP:BTCUSD Bear Flag 📉 What is a Bear Flag? 📉 A bear flag is a technical pattern signaling a continuation of a downtrend. It starts with a steep price drop (the flagpole) followed by a brief consolidation in a parallel channel (the flag). If the price breaks below the flag's support, it often indicates further downside. ⚠️ 💡 Key Features: Flagpole: Sharp price drop. Flag: Sideways or upward consolidation. Breakdown: Signals bearish continuation. Traders watch this pattern to spot potential selling opportunities. 🚨 #CryptoEducation #BearFlag #Bitcoin #TradingTips #CryptoAnalysis
BITSTAMP:BTCUSDShort
by AlgoTradeAlert
USDT Dominance (USDT.D) Update. USDT Dominance has been trading in a clear descending channel for months, indicating a long-term bearish trend. Price is currently testing the upper boundary of the channel, which has acted as strong resistance in previous attempts. Around 4.40%, there is significant resistance formed by the descending channel's upper trendline. A rejection here could lead to a continuation of the bearish momentum. Immediate support lies near 4.00%, aligning with the midpoint of the channel. If dominance continues to decline, the next major support zone is at 3.60%, with further downside potential to 3.20% and 2.80% if the bearish structure persists. The green dashed lines suggest potential bearish movements if resistance holds, leading to a continuation toward the lower channel boundary. Let me know if you’d like further assistance or adjustments! DYOR. NFA
CRYPTOCAP:USDT.DShort
by CryptoSanders9563
1