ETH/USDT 4h review chartHello everyone, let's look at the current ETH to USDT situation considering the four-hour time frame. In this situation, we can see how the price defends itself from falling to the local upward trend line.
Let's start by setting goals for the near future, which include:
T1 = $2,560
T2 = $2,628
T3 = $2734
T4 = $2,814
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $2,496
SL2 = $2,441
SL3 = $2,353
SL4 = $2,279
Looking at the RSI indicator on a 4-hour interval, we have touched the bottom of the range, which may indicate a temporary end of the correction, which confirms a quick price rebound.
ETH-D
The Final Dip? Spotting Opportunities for $ETH's Next Run!Is This the Last Dip Before a Major Upswing?
That’s the burning question on everyone’s minds as CRYPTOCAP:ETH seems to be lagging behind its crypto counterparts.
However, there's a silver lining on the horizon. CRYPTOCAP:BTC is showing bullish signals, and as we all know, Bitcoin is the heartbeat of the crypto market—its movements often set the tone for everything else.
On the fee front, we’re witnessing a welcome trend: costs within the CRYPTOCAP:ETH ecosystem are dropping. This could be the spark that reignites enthusiasm and activity. Yet, technically speaking, CRYPTOCAP:ETH must break above the $2800 mark to leave the uncertainty zone behind.
For now, we’re making a calculated bet that CRYPTOCAP:ETH will carve out a higher low on the daily chart. The goal? To decisively breach that $2800 level and flip the narrative to a fully bullish stance on the CRYPTOCAP:ETH ecosystem.
In my view, $2400 should act as the low for this retracement. If it dips further, I’ll consider cutting my losses. I’ll keep a close eye on the price action, ready to manage my position manually once we start trading in my buying zone of $2500-$2400.
Let’s see where this journey takes us!
APTOS - APT COIN SWING LONG IDEA - ALTCOIN MARKET - CRYPTOAptos is one of the most useful Layer 1 chains in crypto right now. I believe the fundamentals of this coin are remarkable, and I expect it to perform well during the 2024-2025 crypto bull market.
The price is coming from the monthly demand zone. It swept the 2024 spring low before getting rejected from the monthly demand, which created strong bullish momentum. It also broke the diagonal trendline responsible for the bearish movement. Currently, both weekly and daily momentum are strongly bullish.
I expect the price to hit the daily demand zone and take off from there. It might form a small range around this level, but I believe we are targeting all-time highs.
ETH BROADER TECHNICAL ANALYSIS AND TRADE PLANPrice Movement
The chart shows that Ethereum (ETH) has been moving within a descending trading channel after an earlier uptrend. The channel is well-defined by a series of lower highs and lower lows.
The descending channel extends from around early 2024 and continues through the current period. The price seems to be consolidating after bouncing from the lower boundary of the channel.
Current Price Action
Ethereum is currently trading at $2,582.26, down by 1.50% at the time the chart was captured.
The recent movement shows a potential double bottom near the lower channel support, signaling a possible end of the downtrend.
The price is at a critical juncture, as it appears to be breaking out of the short-term resistance within the channel, hinting at a possible reversal or continued sideways movement.
Descending Channel Structure
The chart highlights a descending trading channel where price has respected the upper resistance and lower support levels multiple times, indicating the reliability of this structure.
The channel also shows that while Ethereum is in a corrective phase, it still holds the potential for a significant bullish breakout if the current trend continues.
Technical Indicators:
Waveform Cipher shows a potential bullish divergence at recent price lows, which indicates momentum for a potential upward move.
ASL (Advanced Stochastic Line) and HMA Histogram show mixed signals, but the overall sentiment from these indicators points toward a bullish setup in the coming days.
Stochastic RSI suggests that Ethereum is currently in an oversold condition, increasing the likelihood of a rebound.
The technical setup with momentum indicators and divergences indicates a potential for a price breakout upward, possibly leading toward the top of the channel.
Price Targets:
Immediate Resistance: The next resistance level is located around $2,750 - $3,000, near the mid-point of the channel.
Upper Channel Boundary: The top of the channel is situated near $4,000, a key psychological and technical resistance level.
If ETH breaks above this channel, the next major target would be $4,250 - $4,500, indicating a full recovery of the downtrend and a continuation of the broader uptrend.
Key Support Levels:
$2,400 is acting as immediate support, which aligns with the lower boundary of the descending channel.
If Ethereum breaks below this level, the next major support lies near $2,200 - $2,000, which is a strong historical support zone.
Trading Plan for Ethereum (ETH)
Current Market Position:
Given the technical analysis, Ethereum appears to be at a critical level within the descending trading channel, with the potential for a bullish breakout. The recent consolidation near the support line suggests an opportunity for a medium-term bullish trade.
Entry Strategy:
Buy Zone: Enter a long position between $2,550 - $2,600, once confirmation of a bullish reversal or breakout is evident (preferably on increased volume or further confirmation from momentum indicators like RSI/Stoch).
Risk Management: Place a stop-loss at $2,400, which is slightly below the channel support and key psychological level. This mitigates downside risk in case of a bearish breakdown.
Take Profit Targets:
First Target: $2,750 - $3,000 – This is the mid-point resistance of the channel. Partial profits should be taken here, securing gains while allowing the remaining position to run.
Second Target: $3,500 - $3,750 – Full break of the channel with increased momentum can take ETH to this level. This is a key level to exit most of the position or lock in more profits.
Stretch Target: $4,000 - $4,200 – Ultimate price target based on the potential bullish reversal. If price approaches this level, full profit-taking is advisable as it would hit the channel’s upper boundary and a significant resistance area.
Alternative Plan (If Breakdown Occurs):
Short Position: If Ethereum breaks below $2,400, consider shorting ETH with a target toward $2,200 - $2,000 as a corrective phase could push ETH lower. In this case, place a stop-loss at $2,500, just above the breakdown level.
Position Sizing:
Risk only a small portion of your capital (e.g., 1-2%) based on the calculated stop-loss level to ensure risk management and preserve capital in case of invalidation.
Ethereum is at a pivotal point within a descending trading channel. Current indicators suggest the possibility of a bullish breakout, but risks remain due to the general downtrend. The trading plan focuses on a conservative entry with clear stop-losses and take-profit levels to manage risk.
ETH - What's next ?#ETH/USDT #Analysis
Description
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+ ETH has been trading within a range for over 2 months now.
+ The highest price reached was around $2800, and the lowest was in the $2100 range.
+ Currently, the price is in a downtrend, heading towards the support zone around the $2200 level.
+ We can expect an immediate reversal from the $2200 range.
+ This seems to be the final downtrend for ETH, and once it bounces from the support, we can anticipate it reaching the resistance zone and potentially breaking out with ease.
+ Let's see how this scenario unfolds.
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Enhance, Trade, Grow
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🚨 CRYPTO REVOLUTION: 0.5 BITCOIN FOR KEFIR 💊 PART 3📣 Hello everyone!
I believe that we are witnessing a global uptrend in the ETH/VTC trading pair and the value of Ether in relation to Bitcoin should grow over time.
In May 2017, the first wave of the cycle ended, then in September 2019, the correction in the wave of the II cycle ended, after which the long-term impulse wave of the III cycle started.
In the wave of the III cycle, an impulse wave has already passed at the primary level, and at the moment the market is busy forming a wave of correction of the primary level. I expect the correction to end at 0.037 minimum in July 2024, maximum in September 2025.
After the correction is completed, according to the logic I have built, a long-term uptrend should begin, the minimum goal of which will be 0.55 Ether per Bitcoin coin.
⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profit ✊
Goodbye!
DOGE COIN SWING LONG IDEA - MEMECOIN - ALTCOIN DOGE coin is the leader of the meme sector in crypto, and it’s sometimes directly supported by Elon Musk. That’s why I’m keeping an eye on this coin.
The price is coming from a monthly demand zone, where it got rejected and has since started a weekly bullish momentum. Both the weekly and daily upward momentum are strong, suggesting the price could be heading toward new highs, in my opinion.
We might see some retracement before it rallies all the way up, but that may not happen either.
10/22 Triple divergence is playing out. How deep?Overview:
The AMEX:SPY closed down by only 0.16%, despite opening lower than Friday’s close. During the second trading hour, the index dropped 0.5% but managed to recover the losses throughout the day. Only a few AMEX:SPY stocks ended in the green, with Nvidia gaining 4.14%. Despite this minor pullback, the index has seen six consecutive weeks of growth, and one red weekly candle wouldn't derail a bull run that has gained 23% since the start of the year.
The tech-heavy NASDAQ:QQQ also closed in the green, up 0.19%, thanks to Nvidia’s boost.
The U.S. Leading Indicator Index (LEI) fell by 0.5% month-over-month to 99 in September, a steeper decline than the expected -0.3% and more significant than the -0.2% drop in August, according to The Conference Board’s report on Monday. From March through September 2024, the LEI dropped 2.6%, exceeding the 2.2% decline in the previous six-month period.
"Weakness in factory new orders continued to be a major drag on the US LEI in September as the global manufacturing slump persists," said Justyna Zabinska-La Monica, senior manager of Business Cycle Indicators at The Conference Board. "Additionally, the yield curve remained inverted, building permits declined, and consumers' outlook for future business conditions was tepid."
This index has been decreasing since March 2022, and Monday’s reading officially places it below its lowest point during the COVID-19 period in April 2020. However, the rate of decline appears to be slowing.
Meanwhile, companies are still reporting better-than-expected earnings. Some well-known names reporting today include GE Aerospace (Boeing's engine supplier), Philip Morris, Verizon, General Motors, 3M, Enphase, and Invesco (owners of the QQQ ETF).
The CME Watch Tool now shows an 11.1% chance of no rate cut on November 7th, up from last week’s 9.3%.
While BTC dropped 2.40% on Monday, BlackRock still bought $329 million worth of BTC ETFs. It’s almost amusing to think that BlackRock could be acting as someone’s exit liquidity. The firm now owns 362,192 bitcoins, valued at $23.169 billion.
BTC TA:
W: Unfortunately for the bulls, BTC closed last week at $69k, which is below the highs of the last two bullish waves in late March and early June.
D: Monday ended with a 2.40% correction—much needed after last week's strong rally. A timely release of pressure increases the likelihood of the bull run continuing. An important level to maintain is $66.9k, as it’s the point of control for this recent rally starting from October 10th. The next support levels are $65.8k and the key yearly support at $62.7k. Breaking below $62.7k would invalidate the current bullish wave. On the bearish side, Monday’s candle engulfed the previous five trading days (including the weekend). Before the pullback, the RSI hit 70.
4h: As we spotted and wrote about in our previous letter - the 4-hour chart showed MACD, CVD, and RSI divergences, with three consecutive declining peaks as the price continued climbing. The correction began on Sunday evening, and it may take more than a day to fully play out. The key level to hold now is $66.8k—if it breaks, the price may fall to the daily level of $65.8k. So far, it’s holding.
1h: The 1-hour chart looks bullish, as the $66.9k level is holding, with some bullish MACD and RSI divergence showing.
Alts Relative to BTC: ETH, SOL, and NEAR have not declined as much as BTC. However, SUI has dropped more significantly by 5%, and TAO by 9%. APT is unexpectedly pumping, while DOGE is up by 27.30%. Seems like alts are diverging from BTC correction. At least the aren't collapsing 7 - 10%, which was the case in the past with BTC falling by 2.4%.
Bull Case: BTC could be correcting slightly before resuming the bull run. If a recession is avoided, Trump wins the election, and rates are cut, the outlook remains positive.
Bear Case: BTC may have reached an old resistance level without breaking it, confirming it as a solid resistance, and initiating a deeper correction.
Fear and Greed Index: The index is back to Neutral at 57, down from the Greed territory of 60 over the weekend.
Oct.15-Oct.21(ETH)Weekly market recapThe CME interest rate swap market predicts that the FOMC will likely cut rates by 25 basis points in November. This means that after a 50 basis point cut, the Federal Reserve will loosen its monetary policy. This is not favorable for risk assets, including BTC.
In the past two weeks, BTC ETFs have seen significant net inflows, indicating that after the shift in monetary policy, funds are gradually flowing into the cryptocurrency market. This is a large-scale trend. BTC is rapidly approaching its all-time high (ATH). However, the pricing in the interest rate market for a November rate cut may lead to some degree of correction for BTC.
Additionally, the U.S. presidential election will take place in early November. While Harris has expressed support for cryptocurrencies, Trump is undoubtedly the biggest supporter for the sector. The importance of the U.S. election for BTC is increasing.
Led by BTC, ETH rose last week, but the overall increase was not strong, and Monday’s pullback has covered most of the gains. The WTA indicator shows blue bars representing whales. However, the ME indicator is still in a bearish trend.
In summary, we believe ETH may experience a decline this week. We maintain the original resistance level at 2800 and raise the support level to 2200.
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.
Potential bullish bounce?Ethereum (ETH/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 2,593.65
1st Support: 2,523.16
1st Resistance: 2,685.21
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What is the best Proxy to BTC during a bull run....As Bitcoin continues goes mainstream, from Bitcoin ETFs, to El Salvador, the first nation to adopt Bitcoin as legal tender, steadily adding to its Bitcoin reserves every day since March 16 2024.... The question remains, what are some of the best Proxies to Bitcoin...
This chart shows a few stocks trading as proxies to Bitcoin.
Alikze »» BTC | Bullish angle pattern | bullish channel - 8H🔍 Technical analysis: Bullish angle pattern in the bullish channel And the pullback is broken into the swing
- According to the movement scenario predicted in the previous analysis , by forming an ascending diamond pattern, it managed to break the dynamic trigger and move towards the supply areas.
- It is currently moving in an ascending channel in the 8H time frame.
- With the formation of an ascending corner pattern, it is undergoing a temporary correction to the green box.
- Therefore, it can encounter support after correction in the green box area and continue its growth up to the supply range.
💎 In addition, if the correction is sharp, there will be a possibility of breaking the green box, up to the range of 62500.
💎 So, in case of zigzag correction in the green box area, it can meet the demand and touch the target of the supply area.
⚠️ In addition, if below the area of 62500 candles, the bullish scenario will be invalidated and should be re-examined and updated.⚠️
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MEXC:BTCUSDT
ETHEREUM BEARISH BIAS|SHORT|
✅ETHEREUM has retested a resistance level of 2,900$
And we are seeing a bearish reaction
With the price going down but we need
To wait for a confirmation
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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DinoLFG’s Technical Setup Suggest a Potential Surge – Here’s WhyDinoLFG ( NYSE:DINO ) is much more than a typical meme coin; it is a cryptocurrency positioned to leverage its community-focused approach while offering tangible utility. Currently priced at $0.006278 USD, DinoLFG ( NYSE:DINO ) has experienced a 21.29% surge in the last 24 hours, supported by an active and growing community. While the crypto market is saturated with numerous meme coins, DinoLFG ( NYSE:DINO ) differentiates itself through its innovative initiatives and commitment to long-term growth.
A Community-Centric Vision
From its inception, DinoLFG ( NYSE:DINO ) has been focused on creating a strong and engaged community, employing initiatives such as games, regular crypto tips, and interactions on platforms like Telegram and Twitter. This strategy has attracted a loyal user base, fostering a sense of inclusion and ownership. DinoLFG also highlights its social responsibility with a charity program, which adds a level of ethical appeal to its image.
One of the notable milestones for DinoLFG is the launch of DinoPad, a launchpad for incubating new projects, signaling the team’s ambition to expand its ecosystem and utility. This marks a significant step forward for DinoLFG, as it moves beyond the meme coin realm and into a space that supports innovation and new ventures.
With a circulating supply of 312,948,493 DINO coins and a growing market cap of $1.96 million, the coin’s potential for further growth remains high, especially considering its community-driven nature and active social media presence.
Key Technical Insights: Eyeing a Major Breakout
DinoLFG's current price of $0.006241 reflects a minor gain of 0.11%, but the coin's potential for future growth remains promising. Having reached an all-time high (ATH) of $0.12, DinoLFG has undergone a market correction, like many other tokens, and is now forming a falling wedge pattern—a typically bullish technical signal. This wedge pattern suggests a potential breakout as the price consolidates, and traders are eagerly watching for a move toward the next pivot point at $0.0071, which could spark a significant rally.
Although the Relative Strength Index (RSI) is currently at 75, indicating overbought conditions, this is often a signal of bullish momentum. Traders should keep an eye on the support level at $0.0053, as a consolidation at this level could provide a strong base for a surge towards new highs. Another key factor contributing to potential future price increases is the fact that DinoLFG is only listed on Gate.io, meaning that additional listings on major exchanges could dramatically increase exposure and liquidity, driving further price appreciation.
Supply Dynamics:
One of the most intriguing aspects of DinoLFG ( NYSE:DINO ) is its untraced total supply. If the development team decides to implement mechanisms that create scarcity—such as burn events or limiting supply—this could significantly boost the coin's value. A strategic supply limitation would drive demand as the community grows, setting the stage for a massive influx of new buyers.
Conclusion:
DinoLFG ( NYSE:DINO ) is not just another meme coin; it is a project that has demonstrated clear steps towards utility, innovation, and community-building. With its robust roadmap, ongoing engagement efforts, and potential technical breakout, DinoLFG ( NYSE:DINO ) is well-positioned for future growth. However, as with all cryptocurrencies, investors should remain cautious and conduct thorough research, keeping in mind the market's inherent volatility.
The US ELECTION gives Wall St confidence and Bitcoin pumps.Satoshi 4 year cycle neatly intertwines the the USA #election cycle and the debt/interest rate cycle / The business cycle. To gives us predictable patterns of outperformance.
The months of November into Spring post halving is essentially the Banana zone.
Let's make the most of it ...
you should be allocated into you main core coins
and buying into strong #altcoins that are capturing the zeitgeist.
I believe #Solana is likely to outperform on their respective ratio
#Pulsechain may surprise people once #ETH closes in on the $4,000 mark
And #TitanX ecosystem to continue to flourish in a #DEFI resurgence. (TitanX is the best example of DEFI i have seen so far.)
VC coins may likely continue their relative underperformance as the collective crowd shuns the poor deals offered to us.
The start of a new wave: 2630.0-2772.42
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The support and resistance points are likely to have changed due to changes in the indicator formula.
Please note this.
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Fibonacci-related chart tools are used for chart analysis.
Therefore, you should be aware that the support and resistance points drawn using the arrangement of candles on the 1M, 1W, and 1D charts are different.
-
(ETHUSDT 12M chart)
ETH is one of the coins expected to show a larger increase than BTC.
Therefore, I think it is a coin that is worth investing in long term along with BTC.
The most important volume profile section on the 12M chart is 736.42.
-
(1M chart)
The HA-High indicator on the 1M chart is formed at 3321.30.
Therefore, in order for a full-fledged uptrend to begin, the price must be maintained above the HA-High indicator on the 1M chart.
The current point of interest is whether it can be supported and rise near the MS-Signal indicator.
If the MS-Signal indicator falls,
1st: 2159.0
2nd: 1.585.33
We need to check whether there is support near the 1st and 2nd above.
-
(1W chart)
Since there are many lines, it can be dizzying, so I marked important support and resistance zones with circles.
Therefore, you can create chart analysis or trading strategies centered on the zones marked with circles.
The current 2630.0-2772.42 zone is supported, and the key is whether it can rise above 3014.05.
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(1D chart)
I think you can see if the current zone, that is, the 2630.0-2772.42 zone, is an important support and resistance zone.
Therefore, the key is whether it can rise above the current zone.
However, since the current StochRSI indicator is located near the highest point (100) of the overbought zone, the pressure for a decline will increase over time.
Therefore, the point to watch is how the StochRSI indicator is initialized.
In other words, when the StochRSI indicator falls from the overbought zone to the oversold zone or rises from the oversold zone to the overbought zone, it is called initialization.
If the price is maintained around 2630.0-2772.42 when initialization is performed like this, it is expected to create a new rising wave.
To do so, it is possible that it will rise to around 3014.04 and then fall, or fall below 2630.0-2772.42 and then rise again.
Of course, it can move sideways like this.
In any case, the price position is an important key point when the StochRSI indicator is initialized.
-
Since the M-Signal indicator of the 1W, 1M chart is passing through the 2630.0-2772.42 section, it is expected that a new rising wave will be created if the M-Signal indicator of the 1D chart rises above the 2630.0-2772.42 section.
Therefore, I think it is highly likely that it will be the last buying section before the new wave starts.
-
Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will start when it rises above 29K.
The section expected to be touched 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
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MINA SWING LONG IDEA - CRYPTO MARKET ALTSEASON The price ran 2023’s swing lows and got rejected with an impulsive wick, bringing it back into the 2023-2024 range. I believe this action has reached the max pain point for this coin.
After sweeping significant lows, the price showed strong upward momentum, breaking the weekly structure and initiating a bullish trend. The daily upward momentum is also increasing, which suggests we may see some retracements, but the target is the purple lines, 2024 highs, and potentially smashing all-time highs.
The fundamentals of this coin are also strong. I believe the coin’s fundamentals will act as a catalyst, driving strong bullish momentum during the 2024-2025 altcoin season.
ETH Resistance Zone to Watch: Short Opportunity?In the 30-minute time frame, ETH hasn’t yet returned to the pink resistance zone, but when it does, sellers could come back, potentially offering a good shorting opportunity. This resistance zone has held strong in the past, and a rejection at this level could lead to a bearish move. Keep an eye on the price as it approaches this zone for a possible short setup.