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ETH-D

ETH USDTEthereum is currently trading around $2,627. The price is approaching a critical resistance zone (Blue) at $2817.43 - $2850.01 . If ETH successfully breaks through this resistance and closes above it on the daily chart, further bullish momentum could be expected. This could push the price towards the next significant resistance zone (Green) at $3441.19 - $3505.50. Traders should keep an eye on ETH’s movement at this key level for potential future pumps. Everything is on the chart
by TheCryptoCity
9/24 Markets on Edge: Is the Bull Run Here to Stay?Overview: It might seem like the markets have been rallying for the last four trading days, following the recent interest rate cut. The AMEX:SPY formed a bullish spinning top candlestick pattern on Friday and Monday, followed by another green candle on Tuesday. We remain in a bullish trend with no clear signs of reversal. However, it's worth noting that we still haven’t reached a new all-time high and haven't posted a solid green candle engulfing previous ones. The AMEX:SPY hasn’t even surpassed the highest trading price recorded last Thursday. Essentially, we're hovering at the market's peak, deciding whether to kick off a new bull cycle or face a potential downturn. NASDAQ:QQQ also closed positively, but the candlestick pattern is similar to SPY. On Tuesday, the Federal Reserve reported the S&P Case-Shiller Home Price Index, which tracks housing price increases in 20 major U.S. cities. While housing is still appreciating, it’s doing so at a slightly slower pace than anticipated. In July, it rose by 5.9% year-over-year, compared to an expected 6% and the previous reading of 6.5%. The primary driver of home prices is borrowing costs, particularly reflected in mortgage rates. Typically, a 1% increase or decrease in mortgage rates correlates with a 10% change in property values. As interest rates decrease, so do mortgage rates, influencing home prices. Average 30-year fixed mortgage rates dropped from 7.22% in May to 6% in mid-September, translating to a 12.2% increase in housing prices. Therefore, the Case-Shiller Index could see a significant rise, especially if the Fed cuts rates twice more by year-end. The Consumer Confidence Index, distinct from the Michigan Consumer Sentiment Index, also dropped to 98.7 in September, nearing the bottom of its narrow range over the past two years. This is the steepest decline since August 2021, with all five components of the index deteriorating. Consumers’ views on current business conditions and the labor market have turned negative. Additionally, expectations for future labor market conditions, business conditions, and income have all worsened. While this drop is significant, it’s not as severe as during the Dotcom Bubble or the Subprime Mortgage Crisis. Fidelity and Bitwise are slowly dipping their toes into the BTC ETF market, while Grayscale and BlackRock remain on the sidelines. The ETH ETF remains untouched. It’s possible that the recent surge in buying is driven by retail investors. We might need to reconsider the importance of ETF metrics, as they’ve become just another market participant without any apparent insider knowledge. For instance, BlackRock made its largest BTC ETF purchase between February 27th and March 14th when BTC's price ranged from $51K to $73K. On March 12th, they purchased $849 million worth of BTC at a closing price of $71.4K, leaving them in a loss since then. Weekly : This week’s BINANCE:BTCUSD candle is above the Bollinger Band moving average, but it’s still intersecting the $64 k weekly level. If this price holds, it could signal a major bullish trend. For now, it’s still leaning bearish. Daily : Tuesday’s price action pushed us above the weekly $64 k level. The daily candle appears stronger compared to the previous four spinning tops. RSI is approaching overbought territory but hasn’t crossed the 70 mark, and there are no MACD divergences. 4-Hour : The bearish MACD divergence persists, now visible in RSI as well. Three consecutive candles are holding above $64K. Lower timeframes will reveal how many attempts were made to break this level and if previous resistance has turned into support. The price is at the top of the Bollinger Bands. 1-Hour ): On Tuesday, September 24th, at 10 AM, there was a decisive candle indicating an unsuccessful attempt by American bears to break the $62.9K level. The VR VP point of control is precisely at this level, with significant bullish buy orders absorbing the selling pressure. Volume nearly doubled to 1.1 million on Coinbase, compared to an average of 278k. Subsequent candles showed higher volume and a higher low. Once the selling pressure was absorbed, the price began to rise and broke the resistance level. Since the breakout, the price has tested the old resistance level three times but successfully rebounded, closing higher above the Bollinger Band moving average. This breakout was confirmed by a CVD (Cumulative Volume Delta) bullish divergence, available on TradingView. It shows the difference between buying and selling pressure in the market, especially on the 1-hour timeframe. During the 10, 11, and 12 AM candles, a higher low was formed compared to the previous price low, but the CVD indicated a lower low. This suggests that even with immense selling pressure, buy orders were absorbing the sell orders, pushing the price higher. Alts Relative to BTC: While major market indices and BTC might appear flat and indecisive, altcoins are experiencing explosive growth. Since the rate cut, the following alts have surged: TAO: +70% SUI: +50% APT: +37% NEAR: +30% RNDR: +30% Alts had ample room for growth as many collapsed faster than BTC. In early September, SUI and NEAR reached their "BTC ETF approval" price levels from January 10th, while APT hit its 2023 bottom price. It still has another 9% to go before reaching its BTC ETF price. Bull Case: BTC holds $64 k, all selling pressure is absorbed, and liquidity floods the market, especially after China joined the rate-cutting spree, reducing their rate from 2.3% to 2.0%. Bear Case: It could all be one big bull trap, with deeper economic issues globally leaving people with less disposable income to gamble on speculative assets. Fear and Greed Index: 52.83. Increasing but still in the neutral zone. There's a notable divergence: check the Fear and Greed Index chart on CoinMarketCap. The last two lows were on August 5th and September 6th, yet BTC posted a higher second low, indicating irrational fear in the market. Keep an eye on this divergence for future reference.
COINBASE:BTCUSD
by EvgenCapital
If it is supported near 2531.05-2621.99, it is time to buyHello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) ETH is showing a disappointing performance, falling more than BTC. However, the current location, that is, near 2531.05-2621.99, is an important support and resistance area, so whether it can receive support and rise is the key. We need to check whether it can receive support and rise to create a state where M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart. Therefore, ETH can be considered as a buy point at the moment. If it falls, you should check for support near 2159.0. - This is because the section that must be supported in order to rise is the 1941.90-2159.0 section. - Since the BW indicator has touched the highest point (100), the BW line will be created soon. Therefore, you should check for support at the newly created BW line and consider whether you can trade according to your trading style. The stop loss point is when it shows resistance near 2531.05. As I said again, the M-Signal on the 1W chart is currently falling just above. Therefore, even if it is supported and rises now, it is highly likely to touch the M-Signal area of ​​the 1W chart and fall, so you should think about a countermeasure for this. - The next volatility period is around September 30th (September 29th - October 1st). Therefore, the point of observation is how the M-Signals of the 1D, 1W, and 1M charts are arranged based on this time. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to touch in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
ETH - Bullish Control Persists!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our latest analysis, attached on the chart, ETH has rejected the $2,000 - $2,150 support zone and has been trading higher since then. What's next? For the bulls to take over long-term and push towards the $4,000 mark, a break above the $3,000 resistance is needed. Meanwhile, the $2,850 - $3,000 zone would be acting as a resistance. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
Sep.17-Sep.23(ETH)Weekly market recapLast week, the Federal Reserve kicked off the rate-cutting era with a hawkish 50 basis point cut. Although the CME had previously predicted a high probability of a 50bp rate cut, the fact that only one committee member voted for a 25bp cut while all others opted for 50bp was beyond market expectations. Following the announcement, almost all financial assets, except for the U.S. dollar, showed bullish trends. After the rate cut, the value of the U.S. dollar will decrease, which will make stablecoins in the crypto industry more sensitive. They will either hold BTC to mitigate the impact of dollar depreciation or opt to hold other financial assets. Therefore, we anticipate that market volatility will significantly increase in the future. Last week, BTC ETFs experienced net inflows for a period, but as the rate cut event cooled down, traditional capital inflows gradually declined. The ETH ETFs performed even more sluggishly, showing significant net outflows as of yesterday. If traditional funds fail to continue flowing into the market, it could lead to capital outflows within the market. ETH's performance last week was slightly stronger than BTC. However, as the ME indicator reflects, bearish forces are stronger on a larger scale. Similarly, the WTA indicator does not show any significant blue bars. ETH's rise last week seems more like a catch-up rally driven by BTC's increase. In summary, we believe ETH may remain in a consolidation phase this week, with a higher probability of an upward trend than a downward one. We raise the resistance level to 2,800 and maintain the previous support level at 2,100. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
ETHUSD bullish reversal heading towards decision zoneETHUSD reversed strongly and is heading towards resistance at about 2830. Opportunities: 1. if long stay long and look to take profit at resistance. If we break through its an oppurtinity to re-long into the next price level, which should settle between 2800 - 3600 2. Look to build a short position in the "Short zone" with a tight stop above 2830 3. If you have no position, wait for the price to fall back into the neutral zone and hedge short/long. look to take profit at support around 2100 and resistance around 2800
COINBASE:ETHUSDLong
by daneski
ETH/USDT 4-Hour Chart Update:The 4-hour chart shows a descending trendline that has acted as resistance, with ETH recently bouncing back after testing that line. Ethereum has reached the $2,625 mark but is showing signs of correction. A highlighted zone around $2,150 to $2,250 could act as the next support level if a downward correction materializes. This range aligns with a demand zone seen on the chart. Based on the bearish sentiment and the break from the resistance, the next move could push Ethereum toward the $2,150 area, offering a potential entry point for buyers waiting near support. Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
by CryptoSanders9563
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot and could drop to the overlap support. Pivot: 2,672.26 1st Support: 2,535.71 1st Resistance: 2,791.13 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDShort
by ICmarkets
1
9/23 Crypto Faces Gloomy October.Overview: The AMEX:SPY closed higher last week, but Thursday’s candlestick pattern resembles a bearish abandoned baby. What’s more concerning is the weekly chart showing a bearish MACD divergence—while the price keeps hitting all-time highs, both the MACD and signal lines are trending lower. Has this divergence played out already, as seen in the first week of August, or is it still ahead of us? You may have noticed that we only have two more rate cuts left for the year. Why not three, with three months remaining? The Federal Open Market Committee (FOMC) meets only eight times a year. There’s no meeting in October to give time for economic analysis and to avoid overreacting to short-term fluctuations. Conveniently (for bears), September and October are typically weak months for markets. Remember, FTX collapsed in November 2022, bottoming out the crypto market in November-December. The next FOMC rate cut is expected on November 7th, leaving BINANCE:BTCUSD bulls on their own for the next 44 days. However, this cut is not guaranteed. If inflation remains high or increases, the cut could be postponed. Rate cuts are a quantitative easing tool used to support a slowing economy—not one that’s running at full speed. This Friday, the FED will release the PCE index, which could influence their decision. The CME FedWatch Tool currently shows a 55.2% chance of a one-basis-point cut and a 44.8% chance of a two-basis-point cut. In recent letters, we suggested a price increase in late September. Now might be the time to take some profits and wait to see if we can break resistance and establish a new bull trend, or if this is the peak before a downturn. Weekly: BTC closed the week with a strong green candle, slightly above the Bollinger Band Moving Average (BB MA) but still below the highs of late August. The trend remains bearish. Daily: We’re overdue for a correction back to the BB MA, with targets at $61.4k and $60k. The price is hovering around the major resistance level of GETTEX:64K , which is also a key monthly level. The last three days have formed three consecutive dojis, indicating market indecision after 15 days of bullish momentum. Breaking this resistance without first testing the $61.4k support is unlikely. 4-Hour: Weekend price action shows BTC reaching its peak between Thursday and Friday night, pulling back by 2.6% before U.S. bulls prevented further losses. Despite pushing higher on Sunday, Asian bears applied pressure again. Bearish divergence between the price peaks and the MACD-signal line suggests a potential downturn. 1-Hour: At 10:00 a.m. NYC time, BTC posted a big green candle, supported by strong U.S. buying. However, since Monday midnight, the price has been dropping, while the Cumulative Volume Delta (CVD) line remains green and positive. This indicates that despite strong buying pressure, hidden sell orders are absorbing the demand, suggesting: Absorption by Sellers: Large sell orders are preventing the price from moving up. Distribution Phase: Larger market participants may be offloading positions while smaller traders buy, creating an illusion of demand. Potential Reversal: This could signal a potential reversal if the selling pressure eases. Altcoins Relative to BTC: ETH has outperformed BTC, along with NEAR, TAO, APT, AR, RNDR, and AAVE. SUI, BNB, and FTM showed weaker pumps, while SOL appeared the weakest. Bull Case: If the Fed’s two-basis-point cut doesn’t lead to higher inflation and jobless claims continue to rise, it could boost speculative assets. Other central banks around the world may follow suit, increasing global M2 money supply. Bear Case: Until the next Fed rate cut, there’s little to support BTC’s current price against bearish pressure. Fear and Greed Index: Currently at 50.64—neutral sentiment. Overall, the market remains in a delicate balance, while weekly trend is still bearish.
COINBASE:BTCUSD
by EvgenCapital
Ethereum Resistance Starts At $2800Ethereum flashed green on my indicator system on the 9th of September. I don't see much resistance until we move into that $2800 area. Our first resistance area will be that block of sell side pressure which coincides with the 350 DMA. Above that we have the top of our channel which coincides with an area of higher volume according to the VRVP. This is where I will begin watching closely for my indicator system to flash red. Of course, we could always break the top of our channel and continue up. The bulls will have shown a lot of strength to do so. I will try to keep you posted as Ethereum tends to lead much of our altcoin space.
COINBASE:ETHUSDLong
by stewdamus
Fable Of The Dragon: A Pioneering Blend of Blockchain InnovationIntroduction: In the rapidly evolving world of cryptocurrencies, unique projects often stand out due to their innovative nature and commitment to societal impact. One such project is "Fable Of The Dragon," which not only leverages blockchain technology for security and transparency but also aims to contribute significantly to anti-aging research and community building. This initiative reflects a thoughtful integration of technology with philanthropic goals, driven by the $TYRANT token. Soulbound Tokens (SBTs) "Fable Of The Dragon" is distinguished by its use of Soulbound Tokens (SBTs). These digital tokens are a novel concept in the blockchain space, representing non-transferable assets that signify an individual's achievements, interests, and identity. Unlike traditional tokens, SBTs cannot be traded, making them a personal and permanent fixture in a user's digital portfolio. This attribute enhances the security of digital identities and provides a new layer of interaction within the blockchain community. The project's ecosystem also includes an engaging digital marketplace where these unique tokens can be showcased and celebrated. This platform not only fosters a sense of community among participants but also allows them to contribute to charitable causes effectively. The Gaming Experience: An integral part of "Fable Of The Dragon" is the "Legend of Fantasy War" game, which offers an immersive experience where players can engage in adventures, customize characters, and participate in narrative-driven events. The game is designed to reward players with SBTs for their achievements, further promoting the concept of digital identity and community within the ecosystem. Security Measures: The security framework of "Fable Of The Dragon" is robust, incorporating advanced blockchain technologies to safeguard user data and assets. The project employs a unique approach by integrating Soulbound NFTs into its security measures, ensuring that each digital asset is securely linked to its owner's identity. Additionally, the $TYRANT token operates on a 0% tax policy, minimizing potential vulnerabilities associated with transaction fees. Market Performance and Tokenomics: The $TYRANT token is not only a medium of exchange within the ecosystem but also a symbol of the project's broader goals. It facilitates transactions across the platform, including the trading of NFTs and participation in the digital marketplace. The token's design is aimed at simplifying transactions while ensuring security and fostering a user-friendly experience. Technical Outlook The $TYRANT token is currently trading at $0.0531, showing signs of stabilization after a prolonged downtrend. Several key technical indicators suggest a potential shift in momentum. The token is hovering around a significant support level at $0.05, which has held firmly in recent sessions. If this level continues to act as support, it could provide a foundation for a further upward move. Immediate resistance is located around the $0.087 mark, which coincides with the 200-day Moving Average (MA). A breakout above this point would be a bullish signal, potentially leading to further gains. Shorter-term resistance can be observed near the 50-day MA at $0.0463. - Moving Averages: - The 50-day MA is at $0.0463, and the price has managed to stay above it, indicating short-term upward momentum. - The 200-day MA sits at $0.0874, which may act as a stronger resistance if the price continues to rise. The MACD indicator is currently signaling a potential bullish crossover, with the MACD line crossing above the signal line. This could indicate that bullish momentum is starting to build. The Relative Strength Index (RSI) is currently at 59, suggesting that the token is in a neutral zone. A move toward 60 would indicate increased buying pressure and could be a sign of further upside potential. - Cup and Handle Pattern: A potential cup and handle pattern is forming on the daily chart, which is a classic bullish setup. The "cup" has formed over a longer period with a rounded bottom, while the "handle" is currently developing. This pattern typically signals an upward breakout if confirmed by rising volume and a price surge above resistance. Overall, $TYRANT is showing early signs of recovery, and traders should watch for a potential breakout above the $0.087 resistance level. A break above this key resistance would likely confirm a reversal from its prolonged downtrend. However, failure to maintain the $0.05 support could signal further downside risk. Conclusion: "Fable Of The Dragon" stands out in the blockchain community for its innovative use of technology to build a secure and engaging ecosystem. The project's focus on creating meaningful social impact, coupled with its commitment to enhancing digital identity security, sets a new standard for what blockchain technology can achieve. As the project continues to evolve, it offers a promising model for how technology can be harnessed to benefit society at large. Whether you are a gamer, a crypto enthusiast, or a philanthropist, "Fable Of The Dragon" offers a unique opportunity to be part of a revolutionary project that bridges the gap between technology and social good.
UNISWAP:TYRANTWETH_3AF73B.USDLong
by DEXWireNews
Rule of 160: History Predicts Start Of Bull-Run This Week!In this analysis I want to take a closer look at previous bull-cycles and Bitcoin's behaviour in the months following the halving. The vertical yellow line is the date of the halving. The purple rectangle is the price action of the 160 days following the halving. We can very clearly see a few interesting similarities between the last three cycles: - The price pumps prior to the halving. - The price trades sideways for 160 days after the halving. - The "real" bull-run starts after the sideways price action has ended. If we follow the Rule of 160, the start of the next big bull-run would be somewhere around 27 september, which is this week! I'm aware that market conditions are different now than they were back then. Still, BTC is a very cyclical asset and has historically followed calendar based trends. There's data to suggest that we have to come down (check my previous posts), but there's also data like this that suggests that the price will increase. Time will tell. Interested to hear your opinions!
INDEX:BTCUSDLong
by FieryTrading
10
ETH/USDT 1hour chart update !!Ethereum (ETH/USDT) is sharing chart updates, possibly indicating recent price actions, chart patterns, and potential price movements. Ethereum broke out of a wedge pattern and experienced a correction after hitting resistance around $2,600. The recent surge has been testing the $2,650-$2,670 area. The nearest support is around $2,550-$2,537, aligning with the trendline and the horizontal level. Resistance at $2,670-$2,680, and a breakout beyond this could take the price toward the $2,700-$2,800 range, as indicated by the projection lines on the chart. ETH/USDT is currently bullish, but looking at retracements to support levels around $2,550 could provide insight on the next move. If you want a deeper dive into any of these price moves or chart patterns, let me know! Additionally, always ensure your trading decisions align with your own risk tolerance and market analysis. Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
ETH BUY NOW!ETH/USDT Analysis: 4-Hour Timeframe 📊 The chart presents Ethereum’s performance against USDT on a 4-hour timeframe, highlighting key upcoming dates for potential market movements based on predictive indicators. 🟢 BUY NOW 🔴 September 25, 2024 - Sell Date (Red Line): This date suggests a potential local top for Ethereum, indicating an opportunity to take profits or close long positions as the price could potentially reverse downward after this point. 🟢 September 30, 2024 - Buy Date (Green Line): This date forecasts a potential local bottom for Ethereum, signaling an ideal time to accumulate ETH or enter long positions before a potential upward price movement. 🟢 October 4, 2024 - Buy Date (Green Line): This date predicts another local bottom, offering another buying opportunity as ETH’s price could rise after this period. 🕒 Note: All times are based on Los Angeles time (UTC -7). Please allow for a potential margin of error of 1-2 candles for each prediction. Be sure to cross-reference with additional indicators and market context before making trading decisions.
Long
by trushkovskiy
ETH/USDT on the 1-hour chartThe price recently broke out from a wedge pattern but has faced a minor correction after hitting resistance around $2,600. The price is now retracing back to test the breakout level. The nearest support is around $2,550-$2,537, indicated by both the trendline and the marked horizontal level. ETH could continue its retracement toward the support, followed by another attempt to test the $2,670-$2,680 resistance zone. A successful breakout beyond this zone could push prices toward the $2,700-$2,800 range, as drawn in the projection. Let me know if you'd like further details on these charts! Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
Long
by CryptoSanders9563
ETH - Bottoming against BTC and USDT ?**Crypto (ETH/BTC and ETH) review** *General outlook* Bitcoin is now facing resistance at a crucial pivot point to create the first higher high in months, BTC needs to break through the downward trendline (red) and the pivot high at $65,000. This breakthrough could push Bitcoin towards the highs of $69,000–$72,000 and bring an influx of capital to the broader cryptocurrency market. Recently, ETH has garnered less attention as other Layer 1 and Layer 2 crypto projects have taken center stage. While ETH/BTC had initially broken down at levels not seen since april 2021, it's now reclaiming its range lows. Meanwhile, ETH/USDT has maintained its range, suggesting ETH might see gains in the coming weeks, provided Bitcoin doesn't break down. *ETH/BTC* - On a macro scale, the ETH/BTC ratio appears to be moving in a large triangular consolidation pattern. The upward trendline, which will provide support, sits just below the 0.786 Fibonacci level of the entire last wave at 0.0369 ETH/BTC. With levels not seen since april 2021, it is possible that the narrative might shift in favour of ETH. Zooming in, we can see a Hammer candle on high volume that created the low of the range—a potentially bullish signal. While we had broken down and confirmed from the range, ETH/BTC has since reclaimed it, though not yet confirmed. To confirm re-entry into the range, ETH/BTC needs to close with a daily candle above 0.0407 ETH/BTC. This could signal a quick push towards the range high, which coincides with the downward trendline that will serve as resistance at 0.4613 ETH/BTC. *ETH/USDT* - ETH has held the low of the range that lies at the 1.618 extension of the previous big M-pattern and coincides with a pivot point now serving as support (see pic 2). The price has pushed through the 50D Moving Average and upward trendline (green) that served as resistance, indicating bullish strength returning to ETH. To confirm the push higher towards $3,000+, ETH needs to break $2,820. We're still early =) Have a nice weekend ! ZEDDIT
Long
by zeddit
Alikze »» DOT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H - It is moving in an ascending channel in the 8H time frame. - It has been in demand recently after hitting the bottom of the channel again. - According to the current form and structure, this upward movement can touch the targets specified in the chart with the support of the green box range. - In the first step, the first target will be the middle of the 4.68 channel, after which it can continue its growth up to the first supply area. - In addition, in the case of breaking and stabilizing above the middle of the channel, it will have the ability to grow up to the ceiling of the channel and the range of the second supply. 🛑 The most important resistance: ~ 4.68 💎 Alternative scenario: If the green box and the bottom of the channel are broken, the bullish scenario will be invalidated and the correction can continue until the origin of the movement. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:DOTUSDT
Long
by alikze
9/21 SP500 Retraces from ATH; Crypto Market Faces Weekend RisksOverview: The VANTAGE:SP500 closed slightly lower yesterday, printing a red candle after reaching an all-time high. The NASDAQ:QQQ didn’t show much divergence and failed to close above its August 22nd high. ETF flows indicate another day of retail investors buying BINANCE:BTCUSDT , while BlackRock remained inactive. No buying of ETH ETFs either. Weekly: Bitcoin’s price didn’t move much and stayed in the same range on the chart. It continues to hover around the GETTEX:64K weekly resistance level, but so far, has been unable to break above it. Interestingly, this price rejection at GETTEX:64K mirrors a similar pattern observed on August 25th. Unlike the previous rejection where wicks extended above the resistance, this current attempt hasn't even breached the level. With a solid green week behind us, there’s a high probability of a Sunday sell-off as traders might take profits ahead of the weekend. Daily: The daily chart shows a clear rejection from the GETTEX:64K resistance level. If this marks the local top, it will be a lower high compared to August 25th, indicating potential weakness in the bullish trend. The weekend could see some selling pressure as traders lock in gains. 4-Hour: RSI has been in the overbought zone and is now cooling off, but no MACD divergences are indicating a trend reversal at this point. The trend remains upward, but caution is advised. 1-Hour: No visible divergences in either RSI or MACD, suggesting no immediate signs of a trend reversal. Altcoins Relative to BTC: No significant divergences were observed in the altcoin market relative to BTC. However, some coins are showing strong performances, like SUI and APT. Bear case: We've reached a peek, and from now its bear territory. Fear and greed index : 49.76 and started to flatten out the curve. Prediction : Sell off on weekend. Opportunities: TAO broke out of its resistance level. Correction down to $361 level is expected.
COINBASE:BTCUSD
by EvgenCapital