ETHEREUM → A coin is being prepared To The Moon ↑BINANCE:ETHUSDT is lagging behind the general market growth in the cryptocurrency world. The price is still squeezed between consolidation boundaries, but there are already positive signs. Bitcoin is close to 100K and altcoins are opening the season.
Ethereum is lagging behind in the race, this is clearly visible on D1-W1. It's not that the price can't reach ATH, the coin hasn't yet updated the 2024 high. Before the start of the altcoin season, the community was skeptical about the fundamental project due to the behavior of the development team, but the victory of trump, the change of the political team to a pro-cryptocurrency one could be the strongest driver for ETH in recent times.
After local distribution, the price is testing the triangle resistance, forming another accumulation. A retest of the upper boundary indicates the formation of a trigger, the breakout of which will activate the rally.
Resistance levels: 3442, 3568
Support levels: 3028, 2820
Technically, the coin shows us another trading range, the role of which is consolidation.
If the resistance cannot be broken from the third time, a correction before further growth is possible.
BUT! We need to be careful, as any BTC correction can trigger a bearish rally in the altcoin market. Bitcoin has almost reached 100K and for many this is a red zone for profit taking.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;)
Regards R. Linda!
CRYPTOCURRECY
NEIROUSDT Trade the Triangle break-outsNEIRO (NEIROUSDT) has been trading within a Triangle pattern since the September 10 All Time High (ATH). The 1D MA50 (blue trend-line) is almost in the middle of it, so the trend will be neutral and sideways as long as the price keeps trading within.
Our suggestion is to trade to the direction of the break-out that takes place first. If it will be above the pattern (Lower Highs), buy and target the 2.0 Fibonacci extension at 0.2200. If below the pattern (Higher Lows), sell and target the -1.0 Fib ext at 0.0310.
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Can SHIBA have its 2020/21 DOGE moment??Shiba Inu (SHIBUSD) is making a strong bullish case this week as not only did it break above its 1W MA50 (blue trend-line) for the first time since mid-August but is also testing the Top of its 7-month Channel Down, all while being supported by the 1W MA200 (orange trend-line).
This Channel Down is, on the larger scale, nothing but a Bull Flag, the kind of pattern that precedes aggressive rallies and bullish extensions. In fact if we compare Shiba's Cycle since its October 2021 Top, we see strong similarities with Doge's (DOGEUSD) true expansion Cycle in 2018 - 2021, where it achieved its strongest recognition/ adoption. An (a) top led to a (b- f) Channel Down that priced the Cycle's bottom and after a 1W Golden Cross, it formed the Bull Flat that SHIB is in right now, which initiated its hyper aggressive parabolic rally to the Cycle Top.
As a result, being still below its 0.5 Fibonacci retracement level, Shiba is massively undervalued in cyclical terms and technically if the Bull Flag breaks to the upside, the rally that will follow can target the 1.5 Fibonacci extension at 0.00035, just like Dogecoin did in January 2021.
Do you think it will replicate this pattern or the market cap would be unrealistic?
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Crypto Market Forms A Bullish SetupCrypto market made a nice bullish setup formation with a five-wave rally in July, followed by an a-b-c flat correction. It has just came nicely into projected 2.2T – 2.1T support area within wave »c« of an a-b-c flat correction in wave (2), from where we should be aware of a bullish continuation within wave (3). However, keep in mind that we have important NFP report (US jobs data) today, so it's recommended to wait on confirmations, which is sharp or impulsive bounce back above 2.45T level.
BTC is heading to 64.5-65.5K zone(07/02/2024)After a big drop from 70k to 58.5k, the BTC price is correcting and now we can see some upward moves.
We believe these short-term moves are corrections and the shadow of a bearish market still remains.
By the way, the price is heading to the 65k resistance zone(previously the support zone).
Our technical view has been shown in the chart.
If you like it then Support us by liking, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
$SQRCAT is ready for the next move!$SQRCAT is gaining momentum! We've found strong support right now, and the RSI is oversold on the weekly timeframe. It looks like a Cup & Handle formation is about to form. With three months of accumulation, this is an early call.
- Hidden gem with a doxxed team.
- Small market cap and holder base.
- Team is building every day.
NOT FINANCIAL ADVICE
Bull doge, or bear doge?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Got some precise hits on levels identified!
Played the levels pretty nicely.
Will be looking to play off of them again.
Pierced a big level and bounced back up.
Good look for the bull doges, atm!
Cheers!
AT CryptoScan: ETHUSD The retracement and the potential (1/2)ETHUSD has not been looked at for a while and Ipicked it up just for a quick look. Previously expected retracement came a little later than expected but it did. And then it was followed by a quick upside.
So, taking the magnitudes of the upside and the downside, it appears that the recent upside had a similar magnitude to the previous. And keeping in line with this, the retracement downside would presumably be the same.
Hence the orange arrow(s) point to the retracement level of about 1600.
For now, it is quite clear that the upside is limited with downside risk rising, as indicated by the MACD and VolDiv.
Expecting retracement to 1600.
Bitcoin Immediate short term ⚠️UPDATEWhat are the reasons for the recent decline in the value of Bitcoin?
In both Timeframes 1W and 1W BTC printed a Bearish Divergence
Bitcoin has been moving sideways for the past 33 hours, while altcoins have been bleeding hard.
What's next ?
Bitcoin's current major resistance level is $22800, and if it loses its current support level, the next target will be $21.5k.
If breaking 22.8k resistance i am expecting BTC to bounce to 24.1k. And 27k, only if daily closing above 25.3k
That was the reason why btc was dumping hard recently.
Note: Predictions and chart analysis made more accurate when jumping into a higher timeframes.
⚠️ Not a financial advice.
Happy trading ❤️
Follow me on Quora for daily updates
Flor Bejleri
BTC USDTHello, Bitcoin Analysis
For Bitcoin to enter, we must wait for the break of this trend and the break of the blue moving average of 200, if it breaks, we will have a very high explosion with a 4-hour candle.
It should also not break the pink moving average of 50, if it does it will reach the yellow moving average of 100 at $19,369.
We should wait for the break of the $25,000 trend and its break with a 4-hour slowness.
And don't get excited now, wait for failure
If you like the analysis, please follow me Good luck
Litecoin: Scope for further bearish pressureLitecoin - Intraday - We look to Sell at 59.29 (stop at 61.89)
Continued upward momentum from 46.31 resulted in the pair posting net daily gains yesterday. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Broken out of the channel formation to the downside. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels.
Our profit targets will be 52.77 and 50.00
Resistance: 59.22 / 61.80 / 65.43
Support: 55.16 / 54.41 / 52.76
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Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
BITCOIN What's Next? What's up Everyone! 😃
I decided to upload a couple shorter Bitcoin videos 🎬 to point out the most interesting parts out of my longer weekly update video.
In this video I'm looking at the inmediate short-term future for Bitcoin on the 4h BTCUSDT chart.
This is the longer video from earlier where I mention everything in this video, but also talk about other larger TF's. 👇
THANK YOU for your time!
Like 👍 = 😃
Comment 📜 = 😁
Happy Trading ✌♥📈
AT CryptoScan: BTCUSD Daily Buy Signal ObservedObserved that the custom ATIS8 system generates about 40% hit rate, albeit recently triggers significant drawdown, I added another criteria where the rate of change of volume is tracked. This is shown by the Blue dots in the Volume DC5 panel. When the Buy signals are accompanied by the blue (or more stringent yellow) dots, the probabilities are very much higher (denoted by the yellow vertical time lines)
Having said that, yesterday triggered a Buy Signal that qualified with the Volume DC5 blue dot. Technicals are supportive, with MACD and RPM accelerating upwards. Coinciding with a series of bounce off a strong support and then a trend line (triangle) break out.
Ideal entry based on candlestick (Bullish Engulfing) pattern was on 21 July at about 32K price point. Heads up given in previous linked post.
System triggered at 32K yesterday 27 July.
Upside target of 52K.
Quark USD $QKCUSD PT .065 and higherQuark (QRK) is a cryptocurrency . Users are able to generate QRK through the process of mining. Quark has a current supply of 269,148,702.03298014. The last known price of Quark is 0.00900255 USD and is up 22.58 over the last 24 hours. It is currently trading on 3 active market(s) with $425.64 traded over the last 24 hours. More information can be found at www.qrknet.info
My next plan!!! Buy or Sell Bitcoin!!!Ok guys, this it's a good question that many traders make it. So, first Bitcoin make a new higher today and Bitcoin break up with strong forece at favor of bulls trend. But wait a minute, if that will be caused any liquidation of longs posiiton.
Remember, the $19,900 USD was a higher level and psycological point to take our decison!!!
So, my other hand it's that Bitcoin could to formed a bearish rising wedge and it's more curious to discuss with us a next plan to take our best decision to long or short position and be prepared.
Now, before to continue to analyze the chart, I want to talk in this timeframe and that it's that Bitcoin it's over bought, but we would to be cautelous that we're are a new higher and then we can see a hide correction meanwhile a bull trap and right now the RSI it's overbought.
My other good plan it's this, in 3 Daily chart we are overbought and then, we would need to see any correction so possible in Bitcoin that we would need to be prepared!!!
But analyzing the Daily so enfocous in this timeframe, we see that Bitcoin was formed an ascendent triangle in this yellow lines and then, in the past days I mark a manipulation clear that we can see if Bitcoin break up or not the zone, but we would need to have any plan first before to entry in the market yes or yes. BUT the most important it's this draw that I created for you if you have any doubts to have any plan and this could to support you. But right now, the best it's still away of Bitcoin until we see that Bitcoin goes again the $19,900 USD again to see if Bitcoin continue up. In case that BItcoin make a confirmation in H4 timeframe. we bought or the another hand we could see a correction that we hope toward the $16,500 USD approximately.
But I'm still bullish and following the trend!!!
ETHDOWN Accumulation Gives Bearish Signal for ETHI am liking these UP and DOWN token for giving a clearer picture of Ethereum and Bitcoin.
Fairly self explanatory hopefully, feel free to ask any questions.