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Eth-usdt

Ethereum can correct to support level and then continue riseHello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price rebounded from the resistance level, which coincided with the seller zone and declined to the mirror line, where it at once turned around and in a short time rose higher to the 3530 level with the seller zone, thereby breaking them. But soon, ETH declined lower this level this mirror line, breaking them again and fell a little lower, after which in a short time rose to 3270 points. Then price turned around and made a strong impulse down to the support level, which coincided with the buyer zone, thereby breaking the mirror line with the 3530 resistance level one more time. As well then, the price started to trades inside the range, where ETH rebounded from the support level and tried to rise, but at once made a correction. Then price in a short time rose to the top part of the range, after which rebounded down to the buyer zone, which recently turned around and started to rise. So, at the moment, I think Ethereum can make small correction to support the level and then continue to rise. For this case, I set my target at the 3200 level inside range. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Ethereum can make small movement up and then bounce downHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price some time traded between the resistance level, which coincided with the seller zone, and after the price broke it again, ETH turned around and in a short time declined to 3230 points, breaking the resistance level one more time. Then the price a few moments later turned around and made a strong upward impulse, breaking the 3530 level again, but soon turned around and entered to downward pennant. In this pattern, ETH made a downward impulse to support line, breaking 3530 and 3115 levels. But soon, Ethereum made impulse up from the support line of the pennant to the support level, which coincided with the support area and even rose higher but later declined back to the support line. A not long time ago price bounced from the support line and in a short time rose to the resistance line of the pennant, breaking the 3115 level again. Soon, Ethereum exited from the pennant pattern and now it continues to rise. In my opinion, ETH can rise a little more and then decline to the 3115 support level, which is my target. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
Ethereum can exit from pennant and decline to 3370 pointsHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price a not long time ago traded near the resistance level, which coincided with the seller zone and soon broke this level and rose a little higher but soon turned around and in a short time declined to the support level, breaking 3550 level again. After this, the price even declined lower support level to the buyer zone, but soon backed up, thereby making a fake breakout and starting to trades in range. In the range, ETH reached top part, after which turned around and declined to the buyer zone one more time, where the price reached the support line of the upward pennant, and then Ethereum made a strong impulse up. After this movement, the price exited from range and soon reached the resistance level, which broke soon too. Next, ETH reached the resistance line of the pennant and then started to decline. In a short time price fell to almost the support line, but then it turned around and rose back to the resistance line of the pennant. But recently, ETH broke the resistance level one more time and declined to the support line of the pennant back. So, now, I think Ethereum can rise to the resistance line and then rebound down the lower support line of the pennant, thereby exiting from this pattern. For this case, I set my target at the 3370 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
Ethereum can make small move down and then rebound upHello traders, I want share with you my opinion about Ethereum. Observing the chart, we can see that the price a not long time ago declined to the current resistance level, which coincided with the support line, and at once turned around and started to move up near this line. In a short time later ETH reached a resistance level, which coincided with the seller zone and broke it, but soon price turned around and declined back to the support line, breaking the 3600 level one more time. Some time ago Ethereum reached this level again, and entered to seller zone, after which rebounded down to the 3250 current resistance level, which coincided with the buyer zone, thereby breaking the support line. After this movement, ETH started to trades in a range, where it rose to the top part, after which Ethereum turned around and in a short time declined to the buyer zone, breaking the 3250 level. But now, I think ETH can little more decline in this zone, after which it turn around and rise back to the range, where later Ethereum will grow more. For this case, I set my target at the 3360 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
ETHUSDT.4HLet's dive into the technical analysis of this Ethereum (ETH) chart against Tether (USDT) on the Binance exchange, speaking as if I'm the trader analyzing this chart. We're looking at a 4-hour time frame which provides a good balance between detail and broader trend analysis. The chart is quite colorful with several technical indicators applied, including the Ichimoku Cloud, pivot points, and classic technical analysis patterns. Immediately, I see that Ethereum's price has been in a downtrend, marked by lower highs and lower lows, which suggests a bearish bias. The chart also presents a descending triangle pattern, typically considered a bearish continuation pattern, indicating that the price may continue to fall if it breaks below the triangle's base. The Ichimoku Cloud here is quite spread out, and the price is below the cloud, which in Ichimoku analysis, suggests a bearish market. The Base Line (Kijun-sen) is above the Conversion Line (Tenkan-sen), reinforcing this bearish sentiment. However, the price seems to be attempting to break through the cloud from below, which could signal a potential trend reversal if successful. Looking at the pivot point indicator, it provides key levels of support (S1, S2) and resistance (R1, R2). The current price is below R1, indicating that R1 is acting as a resistance level. If the price were to reverse and go upwards, R1 and R2 would be the levels to watch for potential sell-offs. The Relative Strength Index (RSI) is around 38.52, which is near the oversold territory but not quite there yet. This could suggest that there might still be some room for downward movement before buyers step in. The Moving Average Convergence Divergence (MACD) is below the signal line and the histogram is negative, which is another indicator supporting the bearish momentum. In summary, the overall sentiment from this chart is bearish. The descending triangle pattern, price position relative to the Ichimoku Cloud, and the RSI all suggest that Ethereum could see more downside. If I were considering a position, I'd look for the potential breakout direction from the triangle pattern, keeping a close eye on the Ichimoku Cloud for any signs of a reversal. A downward breakout would have me watching the S1 and S2 levels for potential entries, while an upward breakout above the cloud could shift the bias to bullish, and I'd look towards R1 and R2 as targets. As with any trade, confirming these signals with high volume and waiting for a confirmed breakout would be key to avoid false signals.
by MarsSignals
VGXUSDT 1W LONG📈Hi all. VGX is a cryptocurrency token associated with the Voyager trading platform. It is used as a utility token on the platform, providing benefits such as cashback, interest on assets, and reduced trading fees for users. Timeframe 1 week. Currently trading at minus 97% of the 21 year high, it has been in accumulation for almost a year with increased volumes. I am considering entering the spot from current ones, as well as going long on futures upon a breakdown/retest of the triangle. Marked goals and levels on the chart.
VLong
by KvazarBTC
Ethereum can make correction and then continue rise in wedgeHello traders, I want share with you my opinion about Ethereum.Observing the chart, we can see that the price some time ago started to rise in an upward channel, where it soon reached the 2900 support level, which coincided with the support area and broke this level. After this, ETH some time traded near this level and then rebounded up to the resistance line from the support line of the channel, but later price at once rebounded from the resistance line and little declined below. Then ETH continued to move up in an upward channel to the next level, which coincided with one more support area. But when the price reached this level, it at once rebounded and declined to 3200 points, thereby exiting from the upward channel, and entering to upward wedge. Then price at once bounced from the support line and made impulse up to the support area, breaking the 3790 level. After this, ETH some time traded in this area and later rebounded up, but soon price made a correction to support line of wedge. A not long time ago price rebounded from this line and now ETH continued to rise inside the wedge. So, in my opinion, Ethereum can make corrections to the support area and then the price continues to move up, and even can exit from the wedge. For this case, I set my target at the 4280 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
LRCUSD 1W LONG📈Hi all. Loopring is a protocol for building decentralized exchanges. It is an open protocol that allows developers to incorporate exchange functionality into decentralized applications (dApps). Loopring operates on the Ethereum and Qtum blockchains, and also plans to expand to NEO. It provides higher liquidity and improved pricing by matching orders in the form of order rings and combines off-chain order splitting with on-chain settlement. Loopring also offers high-performance non-custodial products such as the Loopring Wallet and Loopring L2 Web App. Timeframe 1 week. LRCUSD is in a descending channel and has approached important support. Fractal repetition of growth is possible. There is a high probability of further decline to the 0.1719 zone. Therefore, the safest entry would be at a breakout/retest of the channel. It is also possible to spot with additional gains and trade in the channel itself. Marked goals and levels on the chart.
BINANCE:LRCUSDLong
by KvazarBTC
3
ETHUSDT.1DBased on the given market data for ETH (Ethereum), the current price is at $3909.0 which is slightly below the 4-hour Bollinger Band (Bb4h) of $3997.0 and the 7-day Bollinger Band (Bb7d) of $3910.0. This suggests that the price is not overextended and there could be potential for upward movement. The Relative Strength Index (RSI) values indicate that ETH is in neither overbought nor oversold territory. The 4-hour RSI is at 56.73, the daily RSI at 85.51, and the 7-day RSI at 83.92. Generally, a RSI above 70 is considered overbought, while a RSI below 30 is considered oversold. The daily and 7-day RSIs are quite high, suggesting bullish momentum, but also nearing overbought territory which could potentially lead to a pullback. The Moving Average Convergence Divergence (MACD) on the 4-hour, 1-day, and 7-day charts are all positive, indicating a bullish trend. However, the high values, especially on the 1-day and 7-day charts, might suggest that the market is over-extended and could see a correction. Looking at the support and resistance levels, the closest support level on the 4-hour chart is at $3737.0 and the nearest resistance is at $4029.0. If the price breaks above this resistance, the next targets would be $4150.0 and $4448.0. If it falls, it could find support at $3737.0, $3381.0, or $3120.0. On the daily chart, the closest support is at $3404.0 and resistance is at $4317.0. On the 7-day chart, the closest support is at $2482.0 and resistance is at $4040.0. These levels can be used to set stop-loss and take-profit points. In conclusion, the technical analysis suggests that ETH is currently in a bullish trend, but nearing overbought conditions. This could mean potential for more upward movement, but also risk of a pullback. As always, it's important to consider other factors and use risk management strategies when trading.
Long
by MarsSignals
1
ETHUSDT.1DBased on the given market data, ETH (Ethereum) is currently priced at $3469 against USDT (Tether). The 4-hour chart shows an RSI (Relative Strength Index) of 3564, which is significantly above the overbought threshold of 70, suggesting a potential price correction in the near term. The MACD (Moving Average Convergence Divergence) value is positive, indicating bullish momentum. The price is also above the Bollinger Band's middle line, further confirming the bullish trend. The immediate support levels on the 4-hour chart are $3076, $2860, and $2757, while the resistance levels are $3555, $3723, and $4170. If the price breaks past the immediate resistance, we could see a rally towards the higher resistance levels. However, if the price falls below the immediate support, it could trigger a sell-off towards the lower support levels. The daily and weekly charts also show bullish trends with high RSI values of 89.84 and 81.91 respectively, and positive MACD values. The immediate support and resistance levels on these charts are also higher than the current price, indicating a potential upward price movement. However, it's worth noting that the extremely high RSI values on all charts suggest that the asset is overbought and could be due for a correction. Investors should be cautious and consider taking profits or setting stop-loss orders to protect against a potential price drop. In conclusion, the technical analysis suggests a bullish trend for ETH in the short term, but with potential for a correction due to overbought conditions. As always, it's important to combine technical analysis with other market indicators and news events, and to consider your personal risk tolerance and investment goals before making investment decisions.
by MarsSignals
1
ETHUSDT.1DBased on the given market data, Ethereum (ETH) is currently trading at $2626.0 against USDT. The Relative Strength Index (RSI) on the 4-hour, daily, and weekly chart is 65.63, 69.17, and 69.87 respectively, suggesting that ETH is currently in the overbought territory. This often indicates a potential price correction in the future. The Moving Average Convergence Divergence (MACD) on the 4-hour, daily, and weekly chart is 52.47, 58.32, and 180.75, respectively. MACD being above zero suggests that the short-term momentum is greater than the long-term momentum, which indicates a bullish trend. As for the Bollinger Bands (BB), ETH is trading below the upper BB on the 4-hour, daily, and weekly charts, indicating less volatility. The price is closer to the upper band which could suggest that the price is high relative to recent price action and might pull back. The immediate support and resistance levels on the 4-hour chart are $2553.2 and $2688.0 respectively. On the daily chart, the support level is $2368.0 and resistance is at $2733.0. For the weekly chart, the support is at $1970.0 and resistance is at $2806.0. In my opinion, though ETH is currently in a bullish phase, the overbought RSI levels across all three time frames might indicate a potential price correction. Therefore, investors should proceed with caution and consider setting stop losses to protect their investments. As always, it's important to consider other factors and market news as well when making investment decisions.
by MarsSignals
1
Ethereum can reach resistance line of channel and bounce downHello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price a not long time ago entered to upward channel, where it at once declined to the support line, thereby breaking the 2235 support level, which coincided with the buyer zone. After this, ETH rebounded from the support line and in a short time rose higher than this level, breaking it one more time, after which ETH rose a little more and then made the correction. Then price rebounded and made an upward impulse to the support area, which coincided with the 2380 current support level with the resistance line of the channel, after which it turned around and soon fell back. Later price continued to move up in the channel until it reached the support line and then made a strong upward impulse to the resistance line of the channel, breaking the 2380 level. At the moment, ETH trades near this line and I think that Ethereum can reach the resistance line again, after which it bounces and starts to fall to the 2380 support level. So, that's why I set my target at this level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
3
ETHUSDT.1DBased on the market data provided, the current price of Ethereum (ETH) against USDT is $2264.0. The Relative Strength Index (RSI) on the 4-hour, 1-day and 7-day charts are 43.34, 43.34, and 59.50 respectively. The RSI values suggest that ETH is nearing an oversold condition, especially on the 4h and 1d charts. The Moving Average Convergence Divergence (MACD) values for the 4-hour, 1-day and 7-day charts are -19.96, -13.80, and 162.71 respectively. The negative MACD on the 4h and 1d charts suggests a bearish trend, but the positive MACD on the 7d chart suggests a longer-term bullish trend. The Bollinger Bands (Bb) on the 4-hour, 1-day and 7-day charts are 2703.0, 2703.0, and 2800.0 respectively. The current price is below the middle band in all cases, indicating a potential for upward movement. The support levels on the 4-hour chart are $2166.0, $2026.0, and $1911.0 and the resistance levels are $2712.0, $2826.0, and $3116.0. On the 1-day chart, the support levels are $2105.0, $1911.0, and $1700.0 and the resistance levels are $2712.0, $3107.0, and $3134.0. On the 7-day chart, the support levels are $2026.0, $1684.0, and $1508.0 and the resistance levels are $2817.0, $3233.0, and $3591.0. In conclusion, the technical analysis suggests that ETH is currently in a bearish trend in the short term, but there is potential for a reversal given the oversold conditions and the longer-term bullish indicators. However, the cryptocurrency market is highly volatile and unpredictable, so it's important to do your own research and consider other factors before making any investment decisions.
by MarsSignals