Do Kwon discusses LUNA 2.0 And LUNA LOOKS TO HAVE NEW MOON!Dear traders,
Last there are adding a new video from Do kwon talking about the new Luna 2.0, and on this video he trying to explain also what happened. ( interesting to watch) just uploading some days ago. on this view it looks he still behind the project and want to do all to make it great again.
Before you go further with reading this article know that Trading in any coin could be very risk, and this all are not trading fiancé advice.
Are we going to enter a new huge hype on Luna what could bring the price above 2 usd, and from there to even 5 usd.
This could happen if the real change are coming where do kwon talking about - but same time there should be some trust back - so don't expect to fast increase - and increasing could take time.
Luna 2.0 have more chance to have more effect than luna classic.
One things is depending on TA important - and that's luna seeing new increases moving depending on structure volume trend, what this means the coming days will show the effect.
LUNA 2.0 is interesting to watch out coming time.
Nice time.
ETH-BTC
ETH And The First Real Bear Market Rally I'm back after a couple weeks of studying for my master's exam (which I passed!). I am officially almost a licensed social worker. Now, how that qualifies me to write about financial markets, I have no idea. Though, I certainly think they are related, as much of our social and system issues stem from poor economic policy and rampant exploitation in markets.
In any case, welcome to the first significant bounce, after months of downside! I consider this the first "real" bear market rally because it is the first big bounce after a lower low (breakdown from the support held during the 2021 slump). I have been speculating about some sort of multi-month relief rally leading up to the midterm elections in the U.S., as political interests do not want markets in upheaval when their political positions are at stake. In the last several weeks, Ethereum has increased by well over 100% since the lows. Back in January, I wrote about how I thought $800 levels for ETH were possible, given the loss of the bull market uptrend and a number of other warning signs. Here is the original post:
Since then, ETH perfectly headed down towards my "value zone." Now, I call it the "Dead Zone." I was still thinking I'd scoop some back up at those sub-$1000 prices after selling above $3k, but my long term stance on crypto has changed, and I don't really have any interest in owning any. I actually think continued price appreciation for these assets would be a net-negative for society. The more energy goes into intangible assets, the less goes into improving the physical world in which we live. Unless, of course, the goal is to NOT live in the physical world. Okay, you got me. That's clearly where the money is, baby. No more real world. Only metaverse. Only APE. APE APE APE.
No, this is only an absurdity a human could design. That's the irony of the "Ape" culture, isn't it?
Now, what's going on with ETH today? We've got pretty impressive volume off the lows. Whales seem to be manufacturing a rally leading up to the ETH merge and transition to proof of stake, while Bitcoin lags behind traditional markets. As I've written before, I think much of ETH's inflated value in 2021 had to do with the NFT bubble and the ridiculous fees (premiums) people were willing to pay. The fees acted as a gatekeeping mechanism, but it also served to increase FOMO, as people had to buy even more ETH to cover the cost of all their transactions and expensive pixel purchases.
I do think this rally will fizzle out, but the question is - when? The market seems to be treating this as a "buy the rumor, sell the news" event, which plays out in crypto fairly often. Other people are skeptical and think the rally is already about to fizzle out. This is possible, given that some indicators are showing signs of slowing momentum (bearish divergence on the oscillator, MACD looking precarious, etc.) Another camp believes that the rally will just keep going after the merge. Anything is possible! Ethereum can be particularly hard to trade. Just look at the ETH/BTC ratio:
It broke down from what looked like a huge distribution pattern, but rebounded with immense strength and is now testing the highs. This is something I honestly did not expect, since I wrote about a long term top for the ratio here:
I do still think it's possible ETH never achieves a new all-time high against Bitcoin, but it's starting to look possible that it will briefly make a new high in anticipation for the merge. There is one month left, supposedly. Since Bitcoin dominance has not really broken to the upside, and since ETH bounced with so much vigor, this reminds me a lot of the first major bear market rally in April 2018, which occurred off a big short squeeze. You can see the similarities here:
The above shows the 3-day chart, and a rejection at the 50 MA (red). If ETH fails here, I think it's very possible it'll head down to the "Dead Zone" and break the recent lows. Then, I think it would be unlikely to recover anytime soon and could simply fizzle out as the rest of the crypto market continues to implode due to lack of liquidity and too much leverage. I took a small short here from $1890, with a target between $1390-1450 (2017 ATH zone). There is room for it to first head higher towards the downtrend on my chart, but Moving Averages have proven to be a bit more reliable than trendlines during this bear market, and particularly during chop. Let's see if it gives a big pullback here.
As always, this is not meant as financial advice, but for speculative purposes only. I've been posting only periodically these days since I have other interests. I may wind down my posting even more. I am still working on my creative projects, including a sci-fi novel and my book about analyzing market behavior. That book is particularly hard to finish, because things are always evolving, and algorithms continue to become more advanced. Who knows? Maybe if I stopped posting entirely, a bot would take my place, as it would be able to perfectly imitate my writing and speech patterns. Maybe this isn't even me writing this right now.
-Victor Cobra
ETHEREUM - FAKE OUT OR BREAKING ETH doesnt look good from this perspective but due to the low vol at the break out it still can be fake one. Same channel in log still looks solid. We have some potential in little ihs reversal pattern, bulls need to go back above 1630 usd and above lower band of the channel. Then we should see some bullish action. Otherwise we are just retesting breaking down and will fall hard.
🔥ADA fall to the huge support. Still no volume, but..Hi friends! ADA almost return to it`s local lows and we still dont`t see the volume growth. It`s mean that bo whales wants to sell and retail traders are already out of this alt what is good for it`s growth.
Also the volume at the top a few days ago is equal to volume at the bottom now. It`s mean that someone who buy a few days ago at the top, sell all this amount now. Don`t be like this guys, use the trading strategy and use additional tools to identify best place to buy or sell crypto.
📊 Preconditions to open a long:
🔥 liquidity collection at the local low of $0.435
🔥 big orders wall to buy at DOM and Footprint indicators show the local bottom. There we will have a possibility to open a long trade with a short sl and best RR
🔥 squeeze to the trendline will be a good confirmation also if you don`t use tools as DOM and Footprint
🔥bullish BTC will help the ADA reacg it`s targets
📊 The targets:
1. $0.5948 - the closest key level
2. $0.68 - key level
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
ETH/BTC Analyze!!!ETH/BTC was able to pass the main wave 4 in the heavy support zone, and for now, it is running in main wave 5 while breaking the trend line.
I showed you the end of the main wave 5 (zone).
I expect that microwave 4 of the main wave 5 can finish near the trend line, and then ETH/BTC goes up to my target zone.
What can we conclude from ETH/BTC chart ❗️❓
🔆If the cryptocurrency market continues to fall, it is likely that Ethereum and tokens on the Ethereum network will be able to escape from terrible falls for the next 2 months, this does not mean that they will not fall, but the percentage of falls will be lower.
🔆If the cryptocurrency market starts to grow, Ethereum and Ethereum network tokens can give us more profit for the next 2 months.
🔆If you want to invest in the cryptocurrency market and you don't know whether to invest in bitcoin or Ethereum, I suggest you invest in Ethereum, of course, I think it's still a bearish market, and you can wait about entering the market.
ETH/BTC Analyze, Timeframe Daily⏰(Log Scale)
🟢Support Zone: 0.058BTC until 0.0488BTC
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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ETHUSD | This is not the end of the downward movementHello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌ETH the buyer failed to keep the $1760 level and the bears were able to push to the $1600 zone
📌Now the $1760 level is a resistance zone
📌I expect a continuation of the downward movement to the $1480 zone, after which this zone can be considered as a $1480-1760 buy zone
📌I put a short stop-loss to the local resistance zone ($1760) on the deal
ETH to 2000?It could based on a measured move from a month long right angled broadening pattern but...
It's been stalled in this range 1630-1815. In a different market this would have probably moved up on a big impulse move but that's not the case.
Mostly ranging sideways here, currently I think it's pulled back on a bearish harmonic, with the measured target lower than here 1580/1560 and finally 1410.
There's a supply now turned demand zone that's holding up this higher low at 1678 and 1684 acting as a pivot to the upside and downside. Near term it needs to hold this higher low, retest supply 1786, break through and base in order to even potentially see that 2000 level.
A bit to work through otherwise we should be seeing lower highs and lower lows into testing support below. We won't know what happens at those areas until we see it.
ETHUSDT🚀 |Rocket flies to break $2000|Hello everyone, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉
📌Friends rocket continues to fly to the psychological level of $2000
📌I think it will be safer to enter the support zone, which acted as resistance not so long ago, if we successfully fix above this level, I think we will break through $2000
📌I placed my order $1770 with a short stop at $1620 (5%)
All good trading!
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ETHEREUM - BULLISH PATTERN.. SO FARWell, ETH doesnt look that bad now and seems to be consolidating before another move up.
Keep things simple - if we break that wedge to the upside that would be very bullish and would confirm we are back in bull market because it's bearish pattern and normally we should go to the downside.
On the other hand if we break it to the downside it will be confirmed we didnt leave bear market yet and probably will go one more time to test the lows.
That would also mean that we can repeat 2019 accumulation pattern in bullish case, so the red line is crucial n short term imo.
Critical support for ETHBTCPlease 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free.
ETHBTC dropped out of the yellow channel, broke the lime uptrendline and backtested the white downtrendline where price found strong support from Hulk.💪 After the bounce up price reclaimed the lime uptrendline and even got back inside the yellow channel and also broke the red downtrendline. I think the white confluence area of the trendlines needs to hold as support otherwise breaking down would be bearish in my view.
See the original idea here:
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.