HelenP. I Ethereum can correct to trend line and rebound upHi folks today I'm prepared for you Ethereum analytics. Some days ago price traded near support 2, which coincided with the support zone, but later it turned around and declined lower this level to the trend line. After this, ETH rebounded from the trend line and made a strong impulse up to support 1, which coincided with one more support zone, but when the price reached this level it at once turned around and started to decline to support 2, thereby breaking the trend line. Then price bounced from support 2 and started to rise, and after a little time it reached support 1 again, and at their moment ETH broke support 1 and the trend line too. After this, the price made a retest and then continued to rise near the trend line, which it continues to do now. For my mind, Ethereum will make a correction almost to the trend line, after which it turns around and continues to move up, therefore I set my target at the 3200 level. If you like my analytics you may support me with your like/comment ❤️
Eth-usdt
HelenP. I Ethereum can correct to trend line and then rebound upHi folks today I'm prepared for you Ethereum analytics. A few moments ago price declined to support 2, which coincided with the support zone, but it at once rebounded and made an impulse up to support 1, which coincided with one more support zone. After this movement, Ethereum turned around and in a short time declined to the 2245 - 2200 support zone, breaking support 2, and started to trades in this zone. Next, ETH declined to the trend line, and then the price turned around and started to move up near this line, and soon Ethereum broke support 2 and rose to 2390 points. After this, the price turned around and fell to support 2, breaking the trend line, and then ETH started to rise to this line. When the price reached this line, it made the correction, after which and made impulse up to 2870 points, thereby breaking support 1 with the support zone and trend line. At the moment, ETH trades near support 1 and I expect that Ethereum will decline to the trend line, after which the price rebound and starts to move up, therefore I set my target at the 2880 level. If you like my analytics you may support me with your like/comment ❤️
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.
ETHEREUM - Price can break resistance level and continue to growHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Some time ago price traded in flat, where it declined below $2285 support level, which coincided with support area, but soon backed up.
Then ETH made strong upward impulse to $2715 points, thereby exiting from flat and starting trades in pennant.
In pennant, price at once bounced down from resistance line to support line, making fake breakout of $2540 level.
Later ETH bounced from support line and soon rose to resistance line again, and recently broke this line.
Thereby price exited of pennant and now price trades very close to resistance level and I think ETH can reach it.
After this, possible that Ethereum can break this level, make retest, and continue rise to $2680 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Ethereum can correct to $2370 level, after impulse upHi folks today I'm prepared for you Ethereum analytics. A not long time ago price rebounded from the trend line and made a strong impulse down to the support zone, thereby breaking the 2525 resistance level with the 2240 support level. After this, the price declined a little more, and then turned around and started to trades near the support level. Later ETH broke this level, some time traded close, and soon rose to the trend line, but in a short time later it rebounded and fell back to the 2240 level. As well, the price formed a triangle, where it rebounded from the support level and started to move up to the trend line. Soon, ETH exited from the triangle, thereby breaking the trend line too, made a retest, and continued to move up to resistance level. Price tried to break it, but failed and now trades below. For my mind, Ethereum will make a correction, after a strong rising movement. That's why I set my target at the 2370 level. If you like my analytics you may support me with your like/comment ❤️
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 🚀
ETHEREUM - Price can continue to move up to $2470 levelHi guys, this is my overview for ETHEREUM, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it firstly declined to support level and some time traded near this level.
After this, Price made upward impulse from $2200 level, which coincided with support area, to resistance line, exiting of flat.
Also, ETH broke resistance level, which coincided with resistance area, but soon price declined from this line below $2525 level.
Next, price continued to decline to $2200 level, and after fell, ETH some time traded near and then bounced up to resistance line.
Soon, price broke this line, made retest, and continued to rise, now, I think that ETH can make little correction and bounce up to $2470
If this post is useful to you, you can support me with like/boost and advice in comments❤️
ETHEREUM - Prise can continue to move up to resistance levelHi 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 first declined below $2200 support level, which coincided with support area.
After this, ETH turned around and in a short time rose to resistance level, thereby breaking $2200 support level.
But then price made downward impulse, exiting from channel, after which ETH entered to upward pennant.
In pennant, price made upward impulse from support line to resistance line, breaking $2425 level.
Later price bounced from resistance line and in a short time declined to support line and soon exited from pennant.
Ethereum fell to support level and then started to rise, so possibly ETH can little correct and then continue to rise to $2425
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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.
Avalanche(AVAX): Moving Down & More DownAvax caught our attention a very long time ago, but here is a TA for late traders.
We see two possible entries here on Avalanche Coin, both of which are short positions.
Despite coin showing high demand in lower zones and weakness, we are suggesting looking for perfect entry which are near upper resistance zone or below lower liquidity line (upon breaking that one)
BINANCE BNB About To Fall Off The TableBNB has formed this giant descending triangle which is a very bearish setup. BNB went up 700x from its lows to $700. That type of move requires a much larger correction consolidation. BNB will fall like DOGE did after its massive run up before its next move up. BNB may not participate in this bull market and have to wait till next bullmarket if it survives.
When something goes from 90 cents to $700 in such a short period of time that sort of move is not sustainable. BNB is extremely overvalued. Its not a representation of the value of Binance but rather just a token that its only use is to trade on Binance and the coins on Binance Smart chain, which arent that special. BNB is way overvalued in my opinion. A massive correction is on the way. Some type of news will come out to make this happen probably after a fake out breakout of this triangle in a couple weeks to a month. Also theres still 50 million coins left not in circulation. Thats 25% of the total supply.
The RSI has hit the bullsh control zone and failed to break it. Last time this happened and BNB got rejected at the Bullish control zone was back in November 2021 when it dropped so fast and hard your head spun. The STOCH RSI is also pointed straight down on the weekly.
Not financial advice just my opinion.
This was the DOGE chart I made back in December of 2021 when everyone called me crazy. The move played out exactly as I predicted. You should go read some of those comments, they are humorous to say the least.
ETHUSDT.1DBased on the provided data, the ETH/USDT pair is currently trading at $2439.44. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 73.68, 63.72, and 71.82 respectively. These values show that the pair is currently overbought, which could indicate a potential price downturn.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 39.96, 31.61, and 156.20 respectively. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. In this case, the positive MACD indicates that the 12-period EMA is above the 26-period EMA, which suggests bullish momentum.
The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 2459.0, 2460.0, and 2512.0 respectively. The price is currently below the upper BB which could indicate a potential price downturn.
The support levels for 4 hours, 1 day, and 7 days are 2288.0, 2290.0, and 1945.0 (1st level support) respectively, while the resistance levels are 2500.0, 2600.0, and 2650.0 (1st level resistance) respectively. The price is currently closer to the resistance level than the support level, indicating that the pair is in an uptrend.
In conclusion, the indicators suggest the ETH/USDT pair is currently in an uptrend but is overbought, which could potentially lead to a price correction. However, as with all technical analysis, it's important to consider other market factors and your personal risk tolerance before making investment decisions.
ETHEREUM - Price can make small correction and then bounce upHi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
When price entered to rising channel, it first declined to support line, breaking $2180 level, which coincided with support area.
ETH bounced from this line and rose back, after which price corrected to $2180 support level.
Then price in a short time rose to resistance level, which coincided with resistance area, but later it bounced and started to fall.
Price fell to support level, exiting from channel, and then ETH started to trades in triangle.
In triangle, price rose to resistance line, but recently it fell to support line of triangle, breaking $2340 level.
Now, I think ETH can bounce from support line to $2400, thereby breaking resistance level and exiting from triangle pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
ETHUSDT.1DBased on the provided data, the current price of Ethereum (ETH) is $2173.0, trading below its 4-hour, 1-day, and 7-day Bollinger Bands (BB), indicating it's currently being sold at a lower price. The Relative Strength Index (RSI) values are below 70 for all three periods, suggesting the cryptocurrency is not in an overbought condition, with the 4-hour RSI indicating a slightly bearish momentum.
The Moving Average Convergence Divergence (MACD) for the 4-hour chart is negative, suggesting a bearish momentum, while the 1-day and 7-day MACD are positive, indicating a bullish momentum in the longer term.
The support levels are at $2118.0, $1972.0, and $1841.0 for the 4-hour chart, $2120.0, $2024.0, and $1826.0 for the 1-day chart, and $1844.0, $1527.0, and $1346.0 for the 7-day chart. These are the levels at which the price could potentially bounce back if it continues to fall. The resistance levels are at $2423.0, $2450.0, and $2600.0 for the 4-hour chart, $2731.0, $3213.0, and $3590.0 for the 1-day chart, and $3500.0, $3620.0, and $4901.0 for the 7-day chart. These are the levels ETH needs to break to continue its upward trend.
In conclusion, Ethereum is showing mixed signals with bearish momentum in the short term and bullish momentum in the longer term. Traders should monitor the support and resistance levels closely and make decisions based on their risk tolerance and market developments.
#ETH/USDT
#ETH/USDT
After the big rise, we notice a sharp downward movement, which alerts us to the possibility of starting a deep correction at this point, which has engulfed several candles.
The presence of a strong and valid bearish candlestick pattern (CH) reinforces this potential correction. In addition, there are two large fair value gaps (FVGs) at the bottom, acting like magnets, potentially pulling the price down.
The movement will be to the support points shown on the chart
These are targets for the current decline
Too good to be true. ETHUSDT/ETHUSDT.Good evening from Ukraine!
Dear colleagues, I am glad to welcome you!
Too good to be true
Work plan.
Thank you all for your attention, I wish you success.
Sometimes you win/sometimes you learn.
- thoughts out loud
- thoughts out loud
- thoughts out loud
P.S.
...Think positive
ETHUSDT.1DBased on the market data provided, the current price of ETH is $1795.0. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 50.90, 69.98, and 54.71 respectively. RSI values above 70 are typically considered overbought, and values below 30 are considered oversold. In this case, the 1d RSI is nearing the overbought threshold, which could indicate a potential downward correction in the near term.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 6.56, 52.33, and -11.68 respectively. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. Here, the MACD for 1d is positive suggesting the market is on an upward trend.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 1829.0, 1892.0, and 1985.0 respectively. The current price is below the Bollinger Band for all three periods, which may suggest that the price is relatively low, although it is not a guarantee of a price increase.
The support levels for 4 hours, 1 day, and 7 days are 1748.0, 1697.0, and 1752.0 for Support1; 1629.0, 1532.0, and 1507.0 for Support2; and 1532.0, 1480.0, and 1337.0 for Support3 respectively. These are the levels at which the price is expected to start increasing again after a fall.
The resistance levels for 4 hours, 1 day, and 7 days are 1900.0, 19.5, and 2100.0 for Resistance1; 2082.0, 1963.0, and 2500.0 for Resistance2; and 2130.0, 2116.0, and 3200.0 for Resistance3 respectively. These are the levels at which the price is expected to start decreasing again after a rise.
Overall, the data suggests that ETH is currently on an upward trend with the potential for a slight downward correction in the near term. As always, it's important to consider other factors and conduct thorough research before making any investment decisions.
🔥 Bitcoin Bears Still In Control Until THIS Happens 🚨Over the last weeks I've been relatively bearish on Bitcoin. My main point was that BTC is trading in a parallel channel, where the top resistance is a copy of the bottom support.
My bearish narrative originated somewhere in August, and has not changed since.
However, I have to admit that BTC is holding up better than expected, also carried by bullish ETF news (fake or not).
Until we can get a weekly close above the top resistance, long-term bears are winning. This supports my often mentioned fact that pre-halving years have on average 6 green and 6 red months, so we're likely going to see more red months ahead.
Are you bullish or bearish? Share your outlook! 🙏
🔥 Weekend Technical Analysis Fiesta🎉- Name Your Crypto!It's been 4 weeks since the last Altcoin Fiesta, which means it's about time for a new one!
My short-term view on the markets:
BTC has fallen through the main bullish support which held the upward trend going all year. Volatility is still low, but BTC appears to have found support around the June support area. Short-term price action can be bullish, but I still think that the remainder of the year will be dominantly bearish.
I will remain bearish until we can get a weekly close above the top resistance of the purple channel.
Still, there's some decent long-term plays in the altcoin market.
🎉CRYPTO FIESTA🎉
Comment your favorite crypto below and I'll do my best to make an easy to understand technical analysis on it. Will be making these analyses all weekend!
Give this analysis a like if you enjoy the content
ETHUSDTThis is a 1D frame analysis for ETHUSDT As we can see, after dropping the white support line, the price experienced a downward trend and, due to market fear and high selling pressure, was unable to break back above our line and stabilized below it. However, currently, with the price lingering around our support zone for the past few days and the indecisive market, we can consider two scenarios. Scenario one: If the bulls can push the market back above the first resistance zone, we can be hopeful that the price won't drop further than this dip. Scenario two: If the price is unable to break back above the support line and the bears push the market below the first support zone, we can then see the next support zones.