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Ethereum Closes with 10% Loss, Testing Key Support at $2,400Market Update: Ethereum had a challenging week, closing with a 10% loss, briefly dipping below $2,400. ETH is now attempting to reconfirm $2,400 as support after wiping out all gains from September, turning market bias bearish. Technical Outlook: Ethereum is on the verge of making a lower low, and the coming days are crucial for the remainder of the month. If weakness persists, the price could drop to $2,200, but if buyers return, a recovery towards $2,500 is possible. #Ethereum #ETH #CryptoMarket #BearishBias #PriceAction #SupportLevels #ETHUpdate
COINBASE:ETHUSD
by Richtv_official
TONUSDT Potential up trend continuation after correctionTONUSDT bounced off the psychological level at 6.00 and is now heading toward the support level near 5.00. A significant bullish divergence has formed on the 1H timeframe, increasing the likelihood of a bounce off the support level and the downward trendline. The market may enter an accumulation phase between the 6 and 5 levels. With bearish momentum fading, the price could rebound. The target is the resistance zone at 5.670
Long
by RTED_Investing
TRXUSDT Potential Up trend continuation after bounce from the suSince the launch of the platform for meme coins, the Tron network has garnered significant attention in the crypto space. The price action of TRXUSDT looks promising, characterized by a smooth formation of higher highs and higher closes. Recently, the market pulled back from the resistance zone and is now testing the support level at 0.1525, which has been respected twice before. There’s potential for the market to bounce back from this support level and the upward trendline, especially with the emergence of rejection candles. The target is the resistance zone at 0.1575
Long
by RTED_Investing
Uptober Delayed?One often-shared myth among crypto traders is that of 'Uptober'. After a slow summer, markets tend to pick up in October. This is somewhat based on historical data. October is the third-best best performing month for crypto assets after November and April going all the way back to 2012. Expectations for this current October are set high after the long-awaited Federal Reserve rate cuts finally materialized. And indeed, Bitcoin's price had started slowly climbing from early September onwards. The scene was set for an acceleration during 'Uptober'. But as we know, reality rarely follows a trader's playbook. Escalating conflict in the Middle East has started to push up the price of crude oil. This throws additional uncertainty over what could be a worsening economic outlook, just ahead of a crucial American election. The number of unknowns is rising, and Bitcoin's price action continues to prove that it is still far from being seen as a 'risk-off' asset comparable to gold. As Bitcoin's price predictably retreated, Gold rallied. The BTC-Gold flippening is clearly a long way off. However, it is not all doom and gloom. Bitcoin recorded both a higher low in early September compared to the previous August low and a higher high compared to one month ago. Also, the impact of rate cuts is only slowly starting to impact markets. The rate cuts will certainly benefit Decentralized Finance (DeFi) protocols who will once again be able to compete with their higher yields against now lower-yielding, but far more secure Government bonds. The mood in markets has slightly shifted away from the misery that many participants felt earlier in the summer. The launch of the much-anticipated Eigenlayer token has so far played out better than some had expected. A slow renaissance of DeFi tokens is starting to register. And even a hippo-themed Memecoin rallied to $300m market cap in 2 days before retracing. Bullish traders continue to test the waters. Earlier in the year, the bulls had exhausted their buying power when the market rally fizzled out. Now it might be the bears who have nothing left to sell. Maybe not all hope is lost for an Uptober rally after all.
by Coinrule
LCX pumpCOINBASE:LCXUSD The beginning of the breakout here, illustrated beautifully on the 4h chart by the Stoch RSI and MACD indicators. I would like to say this is a trend that will continue for the next few days consider how undersold this OG crypto is! Just FYI: this coin is one of the few that withstood the test of time and is still around 1k% up from it's inception price. I wish I would have taken the risk early to reap the rewards, but it's not too late! There's still so much potential in this one. RPL looks pretty great too from this view, but I don't know much about that one! COINBASE:LCXUSD
COINBASE:LCXUSDLong
by cruzinqa
2
Bitcoin facing decline amid Bearish pressureBTCUSDT continues its downward trend, with a noticeable lack of buying pressure since late August. The price action has been characterized by consistent lower lows and lower closes. Even on the daily chart, we see this pattern persisting, despite a recent false breakout below the July low, with the price hovering near that level again. Historically, September tends to be a difficult month for Bitcoin, often resulting in negative performance. This pattern suggests that the price could drop further, potentially breaking below the 50,000 mark and aiming for the support zone between 48,000 and 45,000. If the price reaches this zone, a strong rebound could occur, potentially sparking a new bullish trend. The target is the support level at 51,220.00
Short
by RTED_Investing
BTCUSDT Potential short-term Pullback around the Resistance zoneBTCUSDT has reached the 65,000 resistance zone, a level where a significant drop occurred previously. Although the market broke and closed above the downward channel, it remains in consolidation on the daily timeframe, oscillating between the range's top and bottom. The price is currently near the top of this range, suggesting a potential bounce. A divergence at the resistance zone adds to the likelihood of a downward move. This combination suggests we could see a short-term pullback. The target is the support level at 61,000
Short
by RTED_Investing
1
ADAUSDT potential Bearish movementADAUSDT has reached the resistance zone at 0.39, where it was rejected with an engulfing candle pattern, signalling potential bearish pressure. The market has been moving sideways for the past two months on the daily timeframe, while the overall trend remains bearish, consistent with other altcoins. With the price at the top of the range, there is a strong possibility of a pullback as consolidation continues. Additionally, the formation of an ABC pattern further supports the likelihood of a retracement. The target is the support level at 0.36
Short
by RTED_Investing
2
#NAS100 4HNASDAQ 100 (NAS100) 4-Hour Chart Forecast: The NASDAQ 100 index (NAS100) is displaying bearish potential on the 4-hour chart, suggesting a possible sell opportunity. The price is currently testing a key resistance level, and a retest of this level may offer a favorable entry for a short position. Key factors supporting the sell forecast: Resistance Retest: The price has approached a significant resistance level and is showing signs of hesitation. A retest of this zone could confirm its strength as resistance, making it an attractive level to initiate a sell position if the market fails to break higher. Bearish Pattern Formation: The chart might be forming a bearish technical pattern, such as a double top or head and shoulders, signaling the potential for a downside move after the retest of resistance. Momentum Indicators: Technical indicators like the RSI or MACD could be showing bearish divergence or overbought conditions, hinting at a possible reversal from the resistance level. Traders should wait for a confirmed retest of the resistance level before entering the sell trade. A clear rejection from the resistance zone would strengthen the bearish case. Stop-loss orders should be placed above the resistance level or recent swing highs to manage risk, while profit targets can be set at key support levels or previous lows. However, traders should remain cautious and monitor for any signs of a breakout above resistance, which would invalidate the bearish outlook. Overall, the technical setup favors a sell strategy for NAS100 on the 4-hour chart, pending a successful retest of resistance.
FX:NAS100Short
by PIPSFIGHTER
Will Bitcoin Bounce Back? Monitoring Critical Support ZonesCurrently, Bitcoin's support line is holding steady, but we've dipped into a zone that we were trying to avoid. I hope we can maintain support at this downward trendline, which I anticipated. However, the ongoing dock workers' strike adds a layer of uncertainty to the market. We need to closely monitor whether we can achieve another bounce off this trendline. If we can't hold, we could sink further into the $59,000 to $58,500 range, which feels a bit like quicksand. For those following my charts, I recommend staying alert and prepared for potential shifts in the market.
GEMINI:BTCUSD
by CryptocurrencyWatchGroup
AVAX Long Spot Position (Support Entry)Market Context: AVAX has retraced to a key support level between $23.00 and $25.50, offering a strategic entry point for a long trade as it shows potential for a bounce. Trade Setup: Entry: In the current $23.00 - $25.50 level of support. Take Profit: First target: $30.50 - $33.00 Second target: $39.00 - $41.50 Stop Loss: Just below $24.50. This trade aims to leverage the support level for a potential upward movement, maintaining a favorable risk-reward ratio. #AVAX #SupportTrade
Long
by Richtv_official
AR Long Spot Position (Support Entry)Market Context: AR has retraced to a significant area of support between $18.00 and $20.00, creating a favorable opportunity for a long trade. This setup looks promising if the support holds. Trade Setup: Entry: In the current $18.00 - $20.00 area of support. Take Profit: First target: $24.00 - $26.50 Second target: $32.00 - $35.00 Stop Loss: Around $16.00. This trade aims to capitalize on the bounce from support, providing a structured risk-reward profile. #AR #SupportTrade
Long
by Richtv_official
THETA Long Spot Position (Support Entry)Market Context: THETA has retraced to a key support level at $1.30, presenting a solid opportunity for a long trade. The setup provides a good risk-reward profile if the support holds and the price starts to bounce. Trade Setup: Entry: At the current $1.30 level of support. Take Profit: First target: $1.50 - $1.67 Second target: $1.85 - $2.05 Stop Loss: Just below $1.24. This setup focuses on capturing the bounce from support with defined risk. #THETA #SupportTrade
Long
by Richtv_official
Everything going by the plan!Hello Traders, Based on my previous post DOM reached 5.70% with a little push after the escalated war news in the Middle East. But again BTC was on the path of free fall even before the war. The chart has developed a small double top that should retest the monthly open the following days. There is the possibility that DOM might try to create LH at around the 5.85 - 5.95% zone cause we are waiting for Israel to respond to yesterday's attack. Let's see what the chart will give us next.
CRYPTOCAP:USDT.D
by Dajkin