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ETH Accumulating possible breakout (Very Bullish) Ethereum is still in the liquidity zone, but there is good news, first of all is that it has stayed in that zone for several days accumulating. Second, ETH has shown a lot of strength over the last 3 days, reaching up to $3,700. And the best part, as you may have seen in my Bitcoin analysis, is that the price is close to making a strong bullish move. This suggests that ETH and other coins will also gain strength and move in a bullish direction. The key for Ethereum is to wait for it to break out of this downward channel. I believe it has been following a bearish sequence for a long time, but these last few days have been very positive as Bitcoin starts to gain momentum, and we are also seeing ETH begin to gather volume and buying pressure. We will be keeping a close eye on the market in the coming days. Thank you for following and supporting my analysis; we have been predicting every price movement according to a positive forecast. Best regards.
COINBASE:ETHUSDLong
by RocketMike111
Point to break out of short-term downtrend channel (2851.75) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The key is whether the price can rise above 2851.75 to break out of the short-term downtrend channel. - Currently, it has risen above the M-Signal indicator on the 1M chart. Therefore, from a long-term perspective, it is possible that the uptrend will continue. However, in order for a full-scale uptrend to begin, the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart must be in that state. Therefore, we need to see if it can maintain the price by rising above the M-Signal indicator on the 1W chart after the volatility period around September 8th. - Since the StochRSI indicator is currently in the overbought zone, it is important at what point it finds support when the StochRSI indicator falls from the overbought zone and becomes StochRSI < StochRSI EMA. Therefore, if it fails to rise above 2851.75 and falls, it is important to see if it can find support around 2621.99-2700.43. If it finds support around 2621.99-2700.43 and switches to the state of StochRSI > StochRSI EMA, it is expected to lead to an attempt to rise above 2851.75. - If the M-Signal indicator of the 1W chart rises above, the HA-High indicator (3265.00) of the 1W chart and the HA-High indicator (3321.30) of the 1M chart are likely to be the first resistance zones. - The volatility period on the BTCUSDT chart is around September 13. However, the volatility period on the ETHUSDT chart is expected to start around September 8. Therefore, the key is whether it can escape the short-term downtrend channel after September 8. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin after rising above 29K. The area 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: 13401.28 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-USDT 1D Interval ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, taking into account the interval of one day. As we can see, the price is moving along a locally formed upward trend line. Currently, we can see how the price approached the resistance level at $2,843, then resistance at $3,010, then resistance at $3,251, and then very strong resistance at $3,569. Looking the other way, support is visible at $2,550, the next support is at $2,383 and then there is support at $2,112.
COINBASE:ETHUSD
by cryptodailyuk
BTC - Daily Bullish MomentumBINANCE:BTCUSDT has seen a bullish momentum recently, largely supported by a dovish outlook from the Federal Reserve. The Fed is now expected to implement further rate cuts by the end of 2024, which has softened the U.S. Dollar and, in turn, boosted BTC and gold prices. In addition, geopolitical uncertainties, such as the attempted assassination of a political figure, have driven safe-haven assets like gold and Bitcoin to new highs. Technically, COINBASE:BTCUSD is currently trading within a bullish expanding triangle pattern, a structure often associated with further upside potential. Given the current price action and the liquidity above $60K, there’s a strong case for BTC to revisit the resistance zone and potentially break to new highs. However, it’s essential to monitor the price action around key levels to confirm this bullish scenario. The combination of favorable macroeconomic conditions and supportive technical indicators suggests that CME:BTC1! could see continued growth in the near term.
Long
by Sober_Trading
Aug 23Overview: Wow, what a 24 hours it has been. At one point, BINANCE:SUIUSD was up 21.6%. Yesterday, we mentioned that "some long positions can be taken with a properly tight SL" once a new trading range was established. On August 21st, we wrote, " BINANCE:ARUSD , BINANCE:APTUSD , BINANCE:TAOUSD showed better price action in the last couple of days. They will likely continue trading higher next week, as BTC stays within its range." But let's break it down step by step. VANTAGE:SP500 posted a green candle, closing the week on a positive note. However, that candle was within the shadow of yesterday’s red candle, making it neutral rather than bullish. Additionally, Jerome Powell’s speech at Jackson Hole wasn't particularly dovish. It was seen as a signal that the Federal Reserve is prepared to maintain a restrictive stance on monetary policy to ensure inflation is brought under control, even if that means keeping interest rates higher for longer than the markets might prefer. BTC saw a massive $252 million in ETF flows from tradfi investors. And what did early Grayscale Trust adopters do? They sold $35.6 million worth of it. We’re left wondering how much of that $35.6 million was clients simply converting expensive GBTC into cheaper BTC fund, or if they sold for good. Unfortunately, even on-chain analytics won’t reveal that. ETH ETF? No chance... Tradfi investors don’t seem to grasp smart contracts. They sold $5.7 million worth, even during a significant BTC rally. Whales and other professional market actors are well aware that September is historically volatile and often brutal. Will they start selling and closing their positions in the last week of August, or will they wait until the first or second week of September, right before the expected interest rate cut? The big question is, do you want your portfolio to end up in a meat grinder? W: Yesterday’s BINANCE:BTCUSD wick went higher than the BB MA, but after a pullback, it settled nicely right at the precisely drawn W level of $64k. If bulls can keep it above the $63k level, we can start talking about a new bullish sentiment, but as of now, we are still in a bear market. No divergence. D: The $61.8 level was taken by bulls six times, and on the seventh attempt, they gathered enough strength. BTC rebounded after a crash, forming a nice bullish pennant. However, it has now reached the upper bound of the Bollinger Bands. Definitely not a time to go long—keep an eye on MACD or CVD divergences. 4h: RSI is above 70, but no MACD divergence yet. 1h: No divergences. Alts Relative to BTC: If BTC grew by 6%, BINANCE:APTUSD is up 9%, COINBASE:RNDRUSD is up 10%, BINANCE:NEARUSD is up 12%, and BINANCE:SUIUSD is up 20%. Is SUI gearing up to be 3rd favorite smart contract platform after SOL? Will be looking closely. Some of these started to rally 2-3 days ago. BINANCE:ETHUSD and BINANCE:SOLUSD performance was more underwhelming, posting only 5.4% and 7%, respectively. Are they so beaten up that fewer people want to touch them? Where’s the ETF crowd? Leave your thoughts in the comments. Bull Case: Bulls are able to hold the important W level in anticipation of rate cuts. Reaching that level has already happened; now it’s just a matter of staying there. If Panama, Brazil, and Paraguay announce Bitcoin as legal tender, following in the footsteps of El Salvador and the Central African Republic, this could fuel further bullish sentiment. Bear Case: The trend continues without a reversal. The Fed doesn’t cut rates quickly enough, and corporate earnings reveal weakness in consumer spending. Whales and insiders start selling and shorting in late September, causing the market to drop in October—a month historically tough for crypto (cough, cough... FTX). 2013: After a strong first half, Bitcoin saw a correction in September before resuming its rally towards the end of the year. 2017: Bitcoin experienced a notable dip in September, partly due to regulatory concerns in China. However, this was followed by a rapid recovery and an all-time high in December. 2021: After strong growth earlier in the year, September saw a decline due to regulatory fears and macroeconomic factors, although the market rebounded in Q4. Fear and Greed Index: 55.87. Remember—you only buy in 'Fear' territory, which is below 40. Prediction: We might see some altcoins grow a bit more, but overall, BTC is likely to post a Doji candle next week. Opportunities: On W and 4h charts, we continue to see many major altcoins in the RSI danger zone. Wait for Saturday’s price action and potential divergences to prepare for a Sunday sell-off.
COINBASE:BTCUSD
by EvgenCapital
TIAUSDT Soars to New Heights, Hitting All Targets at 5.900!TIAUSDT has experienced a remarkable rally, reaching all set targets and surging to a price of 5.900. This bullish movement reflects strong market demand and positive sentiment among traders. The coin broke through multiple resistance levels, confirming the strength of its upward trend. Several technical indicators, including moving averages and RSI, signaled bullish momentum. The rally has attracted increased buying interest, pushing the price to new highs. Investors are now eyeing the next potential moves as TIAUSDT establishes itself at this elevated level.
Long
by SafeCryptoSignals
Ethereum (ETH) Consolidation Continues, Potential Breakout AheadCurrent Situation: Ethereum's daily chart remains unchanged as the price consolidates within its current range. The longer this consolidation continues, the larger the anticipated breakout could be. Trade Position: Currently positioned long on ETH, but traders should be cautious of a potential stop-hunt that might trigger a flush to the downside before the significant move occurs. Key Level to Watch: Support Level: $2,350 – This is the critical area to monitor if a downside flush happens. Stay vigilant and prepared for potential volatility as the consolidation phase unfolds. #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Consolidation #SupportAndResistance #Breakout #Volatility
by Richtv_official
Aug 22Overview: The S&P 500 corrected by 1.17%, as more turbulence is expected in its attempt to break the all-time high (ATH). The chances of a 1.73% rise on Friday are slim, but we still have one more week of a relatively calm August to set some bull traps. Thursday saw a correction for BTC, but it managed to hold the crucial $60.2 level, attempting to break it three times. This establishes a new range of $60.2 to $63.1, where some long positions could be taken with a properly tight stop-loss (SL). Over the last three weeks—specifically on Sunday, the 4th, 11th, and 18th—BTC has closed with red candles, highlighting the strength of the bears, who appear to be preparing for the upcoming week by selling BTC. There's no indication this week will be any different, so consider holding long positions until Sunday, then look into taking profits or even shorting. Weekly (W) : For the fourth week in a row, we’re holding the $58.2 level. Wicks are attempting to push lower, but the bulls remain strong. This still allows some room for a bullish scenario if we can break and hold the $63.1 level. However, with a potentially difficult September ahead, there's little to suggest extreme optimism towards this risky and still relatively alternative asset. No divergence observed. Daily (D): The main event on the daily timeframe is BTC’s escape from the daily range and breaking the Bollinger Bands moving average (BB MA). However, if we consider more recent daily levels, the trading range widens, and BTC has yet to break out of it, with resistance at $61.6. No divergence observed. 4-Hour (4h) : No divergence or signs of a reversal. BTC is approaching its sixth attempt to break the $61.6 resistance. 1-Hour (1h): Showed some weakness in its attempt to break and stay above $61.6, as bears activated and pushed it down. It’s now trading below the BB MA. Alts Relative to BTC: Altcoins have been pumping at twice the rate of BTC. NEAR, SUI, APT, TAO, and FTM are all up by 4-7%. This growth is expected to continue through Friday and into the weekend. Bull Case: Same as yesterday. We believe BTC has found its bottom, and once more liquidity flows into the market, possibly following an interest rate cut, BTC will rally. The combination of the last week of August, followed by a small correction, could lead to further gains. Bear Case: The economy may be in worse shape than anticipated, and even with four interest rate cuts by the end of the year, we could still be in a recession. Fear and Greed Index: Currently at 48.45, slightly lower than yesterday’s 49.59. This is surprising, given that BTC has been on the rise for the last three weeks since the crash. Prediction: Expect growth in the last week of August, followed by a slump in the first two weeks of September, and then a downturn. Opportunities: On the weekly (W) and 4-hour (4h) charts, watch for divergences in major alts like BINANCE:NEARUSDT NEAR, BINANCE:APTUSDT APT, BINANCE:ARUSDT AR, $BINANCE:RNDRUSDT RNDR, BINANCE:TAOUSDT TAO, and BINANCE:FTMUSDT FTM. All have RSI above 70. Wait for Friday to see if MACD divergences emerge as this initial push weakens and they approach weekly resistance levels.
COINBASE:BTCUSD
by EvgenCapital