Weekly Market Updatereview of the various tokens. with special attention to the ROSE token over at Aurora
ETH-BTC
Bitcoin on the important Splitzone - See whyHello trading friends,
I hope all of you had a great day.
For a long time, we see BTC having a breakdown trend from the 69K - and as we are now above the 50K area we see some interesting trends going.
- The split zone
If bitcoin breakout the split zone there is a high chance we can see bitcoin going above the 53K trend.
In the best way, we can see BTC hitting also 55K on the long-term trend.
# It's important that BTC holds the 49K with time frame, if this goes well, we could see BTC in positive ways for the coming days.
If BTC breakdown the 49K with the time frame below - this could mean a further breakdown on BTC.
And of course for you as a day trader, you trade up and down depending on TA and your strategy. and most important always study the trend well before you enter any order.
Why the split zone?
The split zone have shows more times in history of long trend btc that its very important for the breakout of breakdown for bitcoin.
There are more split zones. This one are for this trend very important.
Have a great day!
Longer Term Cup & Handle - ETH/BTCThe longer term cup & handle puts a higher peak on the price, as well as extends the gain out to Spring, 2024. I may like this one a little better
Ethereum/Bitcoin (ETH/BTC) Potential Cup & Handle - 0.1 targetOn the 1D ETH/BTC chart, we have a cup & handle pattern, which created the lid, with the handle bottoming out in October.. The price has now rose above the lid, at which point we may see another push upwards to the target area of 0.1 BTC. This would be a large gain, and may take some time to complete.
Chromia CHRUSDT - A good rally ahead on a simple analysisHello Traders,
we talked about BINANCE:CHRUSDT some time ago and made huge profits.
I think it's a good moment to observe how buyers are moving now.
Need a close above 0.7 and a confirmation.
First target 1 usd.
$ETH SIMPLE TA new ATH's??$ETH $BTC had a nice bounce and is showing strength has potential to break above the 50% retracement level where it could trend higher and make new ATHs
if BTC cannot breach 50k ETH will likely fade
bullish above the 50% retracement neutral/bearish below
ETH downtrend before bounce. ETH isn't looking particularly strong here. This upward support line is getting smothered with indecision from the market. Supports that get smothered get broken. I wouldn't be surprised if ETH breaks this support to the downside.
Based on the most recent major move up, you can use fibonacci. On strong charts it is normal for it to retrace to the 0.5 fib and on most charts it falls down to the 0.618 level. These levels are 3760 and 3480.
I'm expecting a slight drop down to the 3480 level soon. It may only touch it for a moment and get bought back up, as it is very common these levels get hit and the 'market bots' begin buying again.
Not a good place for a long position right now.
ETH is looking great for a push up! 1st target $5500ETHER is making higher highs and higher lows. We are still in a bullish weekly range. Price action is moving sideways nicely. Next month we could see new highs?
$ETH TO $6K?!Expecting Eth to make some moves toward the end of the year aiming for a breakout first.
Once we have broken out and had a retest I personally think we will be flying the first target of $6,000.
Overall eth looks strong and has been holding down the trend we look similar to the previous just a longer accumulation period.
The RSI also looks really similar to the previous leg up we had.
ETH Ethereum Long Idea ETH has been victim to the sell-off that's occurred in the cryptocurrency markets in recent weeks. The price has finally broken below the key $4000 number which is a worry. However, in the short-term a bounce back to the $4000 level is likely considering the recent price action of ETH. The RSI levels for ETH on the 4hr chart remain oversold which shows that a change in momentum is possible, at least in the short term. The price has also found temporary support between $3750-3800, if this holds then a retest of the $4000 area is plausible. The stop loss area for this trade will be at $3680 which is 4% of the trade size.
Deep flight ru invasionRegardless of the radial nature of the alternative tokens in relation to Bitcoin, which like the sun in a limited space allows all these speculations to take place, it never ceases to amaze the potential bribed due to the threat of chain blocks reorganization by ordinary hackers on a platform that already has not yet taken place, where incomprehensible blocks are burned by mysterious manual algorithm. irrepressible, not so crypto marketers manage to disperse the deficit of endless emission in spite of all the mathematics based laws, but not programming that in its case can do everything, AI uses cookies to turn the manufacturer's software console inside out in the near future. Improve roads. Trash is on its way. Too much information. No inspiration today. I need time to explain, but one is not exist. Season greetings!
update from the week of 12.12.21cyrpto update of the price action of multiple 0x from this past week.
Ethereum inverse head and shoulders ETHBTCETHBTC has formed a possible inverse H&S on the 2D timeframe, this is within a larger macro wedge.
Expect a breakout BTC once the neckline is broken.
Bullish on ETH
Etherem is stronger than Bitcoin ...***
As we have seen these days and in recent months, Ethereum has emerged stronger than Bitcoin.
Ethereum ascents and corrections are reasonable, and in this recent decline, Bitcoin has shown more resistance than bitcoin, and according to the patterns on the chart, there are signs of ascent in it.
I think, unlike Bitcoin, which continues to improve, we will see the growth of Ethereum in the coming days.
I hope this time Queen Ethereum will take the Bitcoin emperor by the hand and pull him up.
Of course, all these scenarios were available for Bitcoin before the fall, but Bitcoin fell.
What mattered was the resistance of the Ethereum to this fall.
In the Ethereum to Bitcoin chart, we also see Atrium to Bitcoin rising.
Finally, my advice in these days of uncertainty is to enter the market with caution ...
#ETH/BTC
***
#ETH/BTC - Breaking Out!ETH/BTC is breaking out of a long range. Next level is 0.12. Still could see 40% to 50% rise in next few months. Even if #BTC trades sideways, ETH could rise! If they both rise at the same time, ETH will go parabolic.
ETH/BTC 1hETH/btc is an index for altcoins. Using Wolfe waves, there are another set of bullish waves which are blue coloured with numbers. Target for the 5th wave is 161% fib using AB=CD.
BNBUSDT - EXHAUSTION LEVEL?BNBUSDT facing a crucial resistance with a downward trendline at the 590 level. So bears could be in dominating position to drag the price down towards the 560-540 level. Good Luck!
Weekly update on the 0x marketschartups on the 0x market activity over the last week and especially last night.
DOGE - 11/25/2021The trend set from 4/19 looks good still. The daily chart for doge is almost very oversold. The macd looks like it's showing momentum upwards. ETH and BTC look like they're showing signs of reversal, and if it's true that their price action and the trading pair values for them are good indicators for doge movement, we could see a good reversal for doge soon.
I think it's entirely possible that doge could drop to .1950 or .20 cents though before another spike. I'm still focusing on buying under .2160 as a good position for the upcoming run.
BTC could drop to 54k and ETH to 3950/4k areas following the same concept. I think it's a little less likely given the action in their prices, but not out of the question at all.
Ethereum vs Bitcoin Set To New All-Time High!We are looking at ETHBTC (Ethereum) long-term, this is the monthly chart.
The stage is set for new All-Time Highs.
ETHBTC is looking strongly bullish.
We have the cup pattern clearly marked, which shows that any correction is in the past and already over.
We have prices trading above EMA50 and flying above EMA10.
We have a bullish count on the TD Sequential indicator, with plenty of room left available for growth.
The MACD is looking good.
The RSI is super strong.
It will be sudden and when it starts it will just go and go and go...
50% can be done easily, then the last ATH and 189% as the new jump.
There can be more...
We will let market take care of the rest as our strategy is simply to buy low and hold, just wait for the prices to go up.
Namaste.
ETH first target reachedETH first target identified couple of weeks ago(red line),reached :3500/usd//
Second target(yellow line) :3100
FAct is,ETH gas price still high. ETH still overpriced ...
Final target :sub 700 ..
GL holding this.
ETH/BTC ready for retest ETH/BTC is approaching a retest of its recently broken downtrend. I'd be looking to long upon retest with a hopeful push to the 0.100000 BTC levels. I am unsure on BTC it's self though but ETH will fly once again if BTC can hold its current range and hopefully break towards the upside.
Avalanche [ AVAX ] - BULLISH Divergence. Up we goWe're getting BULLISH Divergence on AVAX. Nice area to grab some. We possibly drop lower, and if so, it's just a better deal and great to add more. Looking good in this area right now though.
