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 🚀
Eth-usdt
HelenP. I After strong impulse up, Ethereum can fall to $3410Hi folks today I'm prepared for you Ethereum analytics. A not long time ago price declined to the resistance level, which coincided with the resistance zone, and soon broke this level. After this, ETH made a retest and in a short time declined to the support level, which coincided with the support zone and even lower, thereby breaking the 3235 level and reaching the trend line. Then price rebounded from this line and made impulse up, breaking the support level one more time, and started to trades in consolidation, where ETH at once made a correction. After correction, the price rose to the 3665 level, but at once rebounded and in a short time declined to the support level, breaking the trend line. Price some time traded near this level and then made a strong impulse up to the resistance zone, breaking the trend line, and resistance level and exiting from consolidation too. But a not long time ago Ethereum turned around and declined below the resistance level with the trend line, where at the moment it continued to trade near. For my mind, ETH will continue to decline, therefore I set my target at the 3410 level. If you like my analytics you may support me with your like/comment ❤️
NKNUSDT 1W LONG📈Hi all. NKNUSDT has been in accumulation for almost 2 years, with increased volumes. I am considering spot recruitment now, with possible additions, which I will inform you about additionally (if there are any). Everyone can see the accumulation, so there is a high probability of collecting liquidity and then going up. Also long during breakout/retest. Marked goals and levels.
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 🚀
ETHEREUM - Price can make retest, after exiting and bounce upHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to triangle, where it made upward impulse from support line to resistance line.
Also, ETH broke $3200 level, and later turned around and fell to support line of triangle and then bounced up.
Ethereum exited from triangle pattern and entered to resistance area, breaking resistance level, but soon fell below.
Next, ETH continued to decline in wedge, where price even made fake breakout of $3585 level and then continued to fall.
Recently, when price fell to support line of wedge, it turned around and in a short time exited from wedge.
Now, I think Ethereum can make retest, after exiting and then continue to rise to $3450
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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.
KOKUSDT 1W LONG📈Hi all. Timeframe 1 week. I take this instrument in spot for a couple of percent from the depot, medium/long term. After a fall of 98%, it is in an accumulation channel with increased volumes, the channel step is more than 100%, which can also be used for trading. Marked goals and levels on the chart.
HelenP. I Ethereum can make upward move, after which starts fallHi folks today I'm prepared for you Ethereum analytics. A not long time ago price in a short time rose to the 3820 resistance level, which coincided with the resistance zone, but at once rebounded and declined to the 3250 support level. But then, ETH backed up to the resistance level and even broke it, after which some time traded in the resistance zone, after which rebounded and rose to the trend line. Then price turned around and firstty declined to the resistance level, after which ETH soon broke it, thereby exiting from the resistance zone and later in a short time declined lower even the support zone. After this movement, Ethereum turned around and rose higher support level, making a fake breakout and then making a retest, after which ETH rebounded to the trend line, where at the moment it trades near. For my mind, Ethereum will rise a little higher than the trend line, after which ETH turns around and starts to decline, therefore I set my target at the 3385 level. If you like my analytics you may support me with your like/comment ❤️
ETHEREUM - Price can make retest of resistance level and fallHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price traded in resistance area, which coincided with $3900 level, but later ETH turned around and started to fall in channel.
In falling channel, price broke $3900 level and declined to $3440 level, after which bounced and tried to rise.
Price failed and in a short time declined to support line of channel, breaking $3440 level, which coincided with support area.
Then ETH turned around, exited from falling channel, and rose to $3440 level and also soon broke it.
But a not long time ago price fell to this level, broke it with support line, and at the moment it trades in support area.
In my mind, Ethereum can make retest of resistance level and then continue to fall to $3120
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FORTHUSDT 1W LONG📈Hi all. Timeframe 1 week. FORTHUSDT has formed a triangle and is at key resistance. Increased buyer volume. I’m considering recruiting to the spot now, with a pick-up from the green zone (a return to it is unlikely). Also long during breakout/retest. Marked goals and levels on the chart.
HelenP. I Ethereum will rise a little and then fall to $3445Hi folks today I'm prepared for you Ethereum analytics. Some time ago price rebounded from the support level, which coincided with the support zone and started to rise, but after ETH little rose, it turned around and made impulse down lower the 3445 support level and even the support zone. But soon, the price turned around and in a short time rose back and even soon reached the resistance level, which coincided with the resistance zone, after which ETH broke this level and some time traded in this zone. Later price made a correction below the resistance zone to the trend line, after which Ethereum rebounded back and even rose a little higher. Price a little more time traded near the resistance zone and then started to fall in a downward channel, where it broke the 3910 resistance level and fell below. Soon, the price made a retest of the resistance level and continued to fall to the support level, and when it declined to the 3445 level, it at once rebounded and started to grow. Now, I expect that ETH will rise a little more, after which it turn around and continue to decline to the support level. That's why I set my target at the 3445 level. If you like my analytics you may support me with your like/comment ❤️
ETHEREUM - Price can bounce up from support level to $4170Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Some time ago price moving up in rising channel, where it bounced up from $3380 level, which coincided with support area.
After this, ETH rose to resistance line of channel and then made downward impulse lower $3380 level, breaking it and exiting of channel.
Price entered to wedge, where ETH made upward impulse to $3900 level, which coincided with resistance line of wedge.
Also later, ETH rose to resistance line, breaking $3900 level, but at once declined and some time traded near.
Soon, price broke this level again and then rose to resistance line, after which ETH fell to $3900 level.
Now, I think Ethereum can fall to support level and then bounce up to $4170
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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.
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 🚀
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.
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.
ETHEREUM - Price can bounce down from resistance level to $3565Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once declined to support line, after which bounced and continued to rise.
Soon, price reached $3200 level, which coincided with support zone and broke it, after which ETH made retest.
Then price rose to resistance line of channel, but at once fell to support line and then bounced up to $3820 level.
After this movement, ETH at once made strong downward impulse to $3200 level, but in a short time back up.
Also soon, price broke $3820 level, which coincided with resistance area, but at the moment ETH trades in this area.
I think Ethereum can bounce from resistance level and start to decline to $3565
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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.
HelenP. I Ethereum can correct to trend line and then rebound upHi folks today I'm prepared for you Ethereum analytics. If we look at the chart we can see how the price some time ago rose to support 2, which coincided with the support zone and in a short time broke this level. Then price some time traded near this level and when it reached the trend line it made an impulse up to 3125 points, after which it made a correction to the trend line. Then ETH rebounded from the trend line to support 1, which coincided with one more support zone. Soon, the price broke this level and rose higher of the support zone, but soon it made an impulse down to the trend line. After this, ETH in a short time rose back and even rose to 3520 points, but recently it declined to the support zone. Also, the price bounced from this zone and started to grow, so I think that Ethereum will decline to the trend line and then rebound up. That's why I set my target at the 3545 level. If you like my analytics you may support me with your like/comment ❤️