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ETH USD IdeaGreetings, fellow traders! Quick weekend recap in the crypto space: It's been a relentless ride, with prices surging day in and day out, triggering stop losses higher and higher. We've secured our TP2 payout, and given the wild 80% rise, we're cautious not to get greedy. It's essential to pay ourselves after a robust move. Now, for Ethereum (ETH), we're considering two scenarios: 1. Continuing straight to tap into volume nodes, where there are most supply stop losses for market makers to exploit and pay themselves. 2. Seeing more sell orders with another retracement move before reaching the destination by the end of the year. The crypto market is dynamic, and it's crucial to keep a vigilant eye on your assets and move with the market. This is the only way to ensure you pay yourself in this game. We'll keep you posted if anything intriguing unfolds. Peace out and happy trading!
COINBASE:ETHUSDLong
by themarketknight
Blood is one the way...hi every one actually now I didn't know what would happen in the market. everything depends on Nazdaq's movement tomorrow. Still, as I can see we are in a supply zone that seems it's strong and BTC is rejecting strongly from here, I prefer to open short positions, and also in my opinion situation isn't good in the world and some wars will happen in the next months, I know if the market continues upward from here its will take no longer to back again in buttons. I suggest you wait better demand zones for buy setups. it's better to close your long positions or put a stop to them, actually, I believe around 510-566 B will be a perfect zone for buying setups, be patient, marketing it testing your personality and confidence, check my previous analysis on related ideas, then you will know I am talking about what?
CRYPTOCAP:TOTALShort
by Lamassu_Trade
3
Supply & Demand (ltf liquidity swept, bounce to demand)Please hit that like button/comment for the daily TA posted for the community 👍 If i was to take a trade in this area I'd take a long position due to the market structure and current formations being painted in this range. Supply and demand based on current price action in the data above, I'm long. 0.786 fibonacci looks like an interesting area of interest/confluence. Will provide attachments to this as the day proceeds, should be within 24 hours price action gets resolved
BITFINEX:BTCUSDLong
by YurloTrades
The turning point is about to show up.The BTC market indicated a contracting triangle in the 1-hour chart, and continued a narrow adjustment in the range from $7,300 to $7,400. From the Volume, we can see that the volume keeps decreasing. A battle between the longs and shorts would show up at the end of the triangle. The market will make the choice of rising or falling. From the movement of the market, the MACD remained a weak adjustment above the zero axis. The longs still takes the lead. We should be patient until the market changes. ETH presented a shock from $168 to $174, buy low and sell high is available. The shock is much sharper than other tokens. If the middle of the boll brand can be held as the support, the middle support at $168 is the buying point. At the same time, we should focus more on the above heavy pressure at $174. It the market can break this pressure with a high volume, the above rising space would be likely to be activated. Register and Get 50 USDT Bonus: www.bitoffer.com Join our group: t.me/bitofferen #Cryptocurrency #BTC #BTCUSD #ETH #ETHUSD
by BitOfferEN
1
XRP/USD - Approaching Buy OpportunityHi traders, I hope you all had a wonderful weekend. Here we are analyzing XRP/USD on the 4H chart. XRP/USD has been in a small corrective move after a big up move which had a high of 1.2115 before the downside began. Price recently found support at 0.9770 and I expect this to be a possible buy zone. I believe price will pick up momentum to the upside. Price had an initial low at 0.8990, and is since trying to make a break higher. Price is trading above a horizontal resistance which has now turned support, and as it stands there is a reversal candlestick on the horizontal support at 1.0050. This support zone could be the beginning of the up move. If price fails at the above support zone, then price may fall and then test a lower support horizontal support zone at 0.6500. But, judging by the momentum now, I expect this scenario to be unlikely. I am expecting Ripple to continue with the current upside momentum, and I am eventually expecting that Ripple will pick up upside momentum and hit the upside target of 1.2150 in the short term. This trade could play out in 2 ways, I have outlined these below: -Price bounces at the current horizontal support at 0.9790, and then uses it as a launch pad to hit the upside target of 1.2150. With this scenario the move probably will not be straight up, there is likely to either be a: retest of the support zone, or a corrective pullback higher up in the up trend. Either way, the target above is likely to be hit. -Price tests the current horizontal support level at 0.9790 and then rolls over, breaking below the middle support zone to the lower support zone at 0.6500. If it breaks the middle support at 0.9790 it doesn't necessarily mean it will tank to 0,6500, but it does show a longer term weakness in the pair and shows the recent corrective move might be voided, and will create a volatile market. Bare in mind that seeing a retest at horizontal support at 0.6500 would be an awful test. If price retests the lower support, it will still bounce and go to the upside, but it is less likely. The first scenario above is the ideal one for Ripples best outcome. For this trade, and for the long term health. I will updating this analysis if it exceeds 40 likes.
BITFINEX:XRPUSD
by TomProTrader
26
ETH/USD - Watch For Another BuyWhat's up traders, Here we are analyzing ETH/USD on the 8H chart. I recently analyzed this pair in an earlier analysis. Now the dynamics of the trade have changed I am eager to show the current forecast for the pair. At current, price is trading at 927, price broke out after supporting on the 20 and 50 moving average, suggesting that the bullish presence we are now seeing is legitimate. Even further that this happened on a higher low. When analyzing the chart again, I discovered a nice side-wards support line which today is at the value of 875. I suspect that ETH/USD will likely retest this side-wards support level before an up move. If price breaks below this level, there could be a retest of the lower horizontal support at 550 in the longer term before the upside. I hope we do not see the second scenario. Price will now likely test the side-wards resistance as a new support, but this isn't a deal breaker either way. Coupled with the fact that a retest would again coincide with the moving averages, this could provide a compelling support where once again the big money would be looking to speculate and accumulate. Bare in mind, if it comes into the lower horizontal support at 550, I doubt there would be much bull presence after. Also bare in mind that Ethereum is one of the most efficient safe haven currencies. So if you have a low amount of cash, Ethereum 1.54% is your best bet for safety and simultaneous profitability. I will update this analysis when I receive above 40 likes.
BITFINEX:ETHUSD
by TomProTrader
7
NZD/CAD - Downside Correction LikelyHi traders, just posting a quick analysis whilst I am passing through. Here we have NZD/CAD on the 2H chart. Price recently had a strong up move, stalling at a historical resistance zone. From here there has been multiple reversal candles at the zone and I am now expecting a down move to begin to the downside. I am expecting a correction to either the horizontal support zone at 0.8810, or the sideways channel support at 0.8790 level, before there is any other up move. This correction is definitely worth a trade as the correction is likely to be steep and the Risk to Reward is very easy find. In all trading scenarios I tested for this pair trade, I got at least 1:2.5 Risk To Reward. Bare in mind that price might have a minor retest to the above resistance zone at 0.8905 before the down move begins. I will be updating this analysis as it progresses.
Short
by TomProTrader