ETH
Ethereum. Resistance, Resilience, and the Road AheadFirst resistance for Ethereum 3000$! This is the beginning of a great journey, the key level for the near future is to overcome 3k. A large number of people have been liquidated and capitulated. I hear more and more often that Ethereum is dead and people are disappointed in it. Except that of all the top assets Ethereum is the only one that hasn't been played by a market maker and there is a lot of liquidity flowing into it. The imminent adoption of staking ETFs only sets the stage for a good future.
Horban Brothers.
ETHEREUM - Time to buy again!In my opinion, Ethereum is really undervalued in terms of price. My price target for Ethereum is $7000. As you can see, the price is in an ascending triangle, This is something that cannot be easily ignored. We can hope that in the year, Ethereum's price could at least double from its current value.
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The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ETHUSDT (CME) analysis (4H)This is the Ethereum CME chart. As you can see, there is a gap around the 3236 level. Given the bearish trend in Bitcoin dominance, there is a possibility that this gap will be filled before a drop. If the gap is filled before the drop, Ethereum could move back toward lower levels.
Let's see what happens.
It's the weekend, and volumes are low. The market has been ranging for a while, pumping and dumping without a clear trend. Don't trade without stop-loss and risk management, and avoid emotional trading
Comment if you have any questions
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The key is whether it can rise above 2879.90
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(ETHUSDT 1M chart)
In order to turn into an uptrend, the price must rise above the M-Signal indicator on the 1M chart and maintain it.
In order for a full-scale uptrend to begin, the price must rise above 3321.30 and maintain it.
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(1W chart)
The key is whether it can maintain the state where the M-Signal on the 1W chart > the M-Signal on the 1M chart.
To do that, we need to check if it can rise to around 3265.0.
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(1D chart)
Since the HA-Low indicator on the 1D chart was formed at 2646.89, the key is whether it can be supported around this area and rise above the original range.
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If not, we need to check if it can be supported around 2316.10.
Unlike the StochRSI indicator on the BTC chart, it is still in the overbought zone.
Accordingly, the point of interest is whether it can maintain the price by rising above the M-Signal indicator on the 1D chart after the next fluctuation period, around February 24 (February 23-25).
It is important to be able to rise along the long-term upward trend line (1).
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The indicators that can tell the trend on this chart are the Trend Cloud indicator and the M-Signal indicator on the 1D, 1W, and 1M charts.
Therefore, you should first check whether the price is maintained or falling above these indicators and create a trading strategy accordingly.
When starting a trade with the trading strategy created in this way, you should check whether there is support near the HA-Low, HA-High, BW(0), and BW(100) indicators or at the support and resistance points and find the trading point.
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Please refer to the indicator description below for indicators that can help you check whether there is support.
Heikin Ashi Line chart rises, USDT.D Line chart falls, StochRSI rises: The price is likely to rise
Heikin Ashi Line chart falls, USDT.D Line chart rises, StochRSI falls: The price is likely to fall
The rest are likely to show volatility, so be careful when trading.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been in an upward trend since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support or resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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ETH 1D Ethereum has been very disappointing so far this cycle, but the chart on the daily is beginning to look much better than it has in recent weeks. For me a key level is the $2780 area, acceptance above puts ETH back into the midsection off this rangebound environment with a look to reach the next key level at $3200. To get there the 1D 200 EMA will be the first area of obvious resistance around the big even level of $3000.
A rejection off the $2780 I could see a move to backfill the daily wick towards the local bottom, if that were the case it would be because BTC has rolled over and lost its $91K support.
DOGE RALLY IS OVER Multi Year Correction/Consolidation ComingDOGE was fun if you knew how to trade it. The run and hype is over. The retail FOMO investors that completed wave 5 blow off top are the only ones holding the bags now. Indicators are showing real weakness and heavy selling pressure. The symmetrical triangle in a downtrend means continuation to the downside. Not financial advice. Have fun and don't lose your shirt.
BABYDOGECOIN USDT Following Doge, Breakout CloseBaby Doge is following Dogecoin. Doge has broken out of its downtrend and has found support on the envelope. Baby Doge lags behind Doge from what I see in the charts. So when there is a big pump in Doge, Baby Doge is not far behind. Once Baby Doge breaks out of its downtrend its going to go straight up following Doge.
This is just my opinion, none of this is financial advice. Thank you