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Ethereum (Cryptocurrency)

ETH → a short position signalhello guys. Resistance Zone: Price action has recently tested the resistance zone around $2,668-$2,715 (yellow shaded area), which aligns with a Fibonacci retracement level of 0.618. The price was unable to break above this resistance and has started to move downward. Bearish Trend Formation: A clear downtrend is forming as the price has failed to make a higher high and is now making lower lows. The downtrend is confirmed by the rejection from the resistance zone. Fibonacci Retracement Levels: The chart uses Fibonacci levels to highlight potential support and resistance areas. Key levels to watch: 0.382 retracement at around $2,455.94 0.618 retracement at around $2,395.78 (next target zone) Key Support Levels: The next significant support level is around $2,366 (highlighted by the yellow zone at the bottom). If the price continues its downward movement, this area may serve as a potential buying opportunity or a target for short positions. Potential Trading Strategy: The bearish momentum suggests considering a short position with a target near the $2,366 support zone. A stop-loss could be placed above the recent high at $2,668 to manage risk. Market Outlook: Bearish in the short term as the price is likely to continue declining towards the next key support level. Overall, the chart suggests a bearish trend with a potential downside target around $2,366 if the current support level fails to hold. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
by melikatrader94
2
BTC, Let's keep it simple shall weAh, the crypto jungle, where even the bears like to dance! 🕺 So, here we are, staring at a mature bear flag on the daily chart like it's that ex you thought you were over, but they just keep showing up. And if this bad boy breaks down decisively, we're careening straight into the “Oh No Zone” with a potential target between 45k and 48.8k. And what's this? A Death Cross? Sounds like a rejected name for a 90s metal band, but here it is, grimly reminding us that sentiment is shifting faster than a squirrel on a sugar rush. 🐿️ Now, while retail investors are nowhere to be seen (probably hiding under their beds), the whales are out there doing what they do best—hoarding like it’s Black Friday at a crypto sale. 🐳 And of course, rate cuts are looming like your landlord when rent's due, which in crypto-speak means bearish first, bullish later. It's like being told your rollercoaster ride is delayed but, hey, there's a free ice cream at the end! 🎢🍦 Meanwhile, Gold is out there flexing at an all-time high, giving Bitcoin the cold shoulder like it's a high school crush that just found a new date to the prom. And Bitcoin dominance? Still strutting its stuff, leaving altcoins to suffer in silence. Over in the ETH/BTC corner, things are looking as bearish as my last attempt at a diet—good intentions, but no follow-through. Good News? Who Cares!: Good news hits the market and... nothing happens. At this point, it’s like shouting into the void: “BTC ETF occurred! ETH ETF occurred! Halving occurred!” And the market’s like, “Meh.” 🇺🇸 All eyes are on the US Presidency coming up in 2 months. Until then, it's like waiting for your blind date to arrive—highly uncertain and probably not going to end well. Yet, here I am, my degenerate self, telling you this might just be the perfect recipe for a great bull market! 🍲 But let's be real—experience tell me that caution is advised. That's it, that's the idea - Good night
BNC:BLXShort
by hhMaxima38
1
TOTAL2 - Altcoin marketcap is reversing#TOTAL2 #Analysis Description --------------------------------------------------------------- The altcoin market cap experienced a significant drop from $1.2 trillion to $845 billion, and the current chart indicates that it is hovering around the support zone. This drop was anticipated following a substantial increase from $500 billion to $1.2 trillion, representing a more than 100% surge in the overall altcoin market cap. It is expected that the overall altcoin market cap will rebound from this support zone, with the next target being $1.7 trillion. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTOCAP:TOTAL2Long
by VectorAlgo
3
Is an Altcoins rally coming? When? ETH/BTC 1W chart;CRYPTOCAP:ETH CRYPTOCAP:BTC 1W chart; On the chart we see two falling trend lines (red dash), one rising trend line (green dash). The price is in this range. It bounced 2 times from the OB resistance just above it. This place is weakened. It can also be interpreted that if it weakens enough, it may go up to the OB area above. It touched the lower green trend line 3 times and the last time it touched it, the mismatch on the RSI side stands out. So it gave an upward signal. The big red candle on the right shows the monthly volume. In other words, since the month started, it has gone down without going up. The appreciation of #Eth against #Btc means that altcoins are also appreciating. Accordingly, it is expected that a movement in altcoins will begin. Likewise, I have previously informed that many of the altcoins are in strong bottoms and trend compression. Although there is a downtrend extending from September 2022 to the present day, a close above the -OB level just above the current level will be the beginning of an upward trend. Therefore, it is important to follow this level.
Long
by ugurtash
ETH 1H🔍 ETH/USDT Analysis: 1-Hour Timeframe 📉 The ETH/USDT chart on a 1-hour timeframe highlights significant upcoming dates where price movements may present trading opportunities. As always, it is crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market. • August 24, 2024, 21:00, August 25, 2024, 21:00, August 28, 2024, 12:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn. • August 22, 2024, 21:00, August 25, 2024, 05:00, August 26, 2024, 15:00, August 29, 2024, 15:00 - Green Lines: These times indicate potential local lows, providing favorable conditions for accumulating ETH or entering long positions. When working with this 1-hour timeframe, keep in mind that these movements should be evaluated with a global perspective, considering higher timeframes to better grasp the overall market trend. For short-term, intraday, or scalp trades, consider analyzing lower timeframes. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
by trushkovskiy
ETH 🔍 ETH/USDT Analysis: 1-Hour Timeframe 📉 The ETH/USDT chart on a 1-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • August 31, 2024, 12:00 AM - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits. • September 2, 2024, 9:00 PM, September 4, 2024, 9:00 PM - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating ETH or entering long positions. • September 9, 2024, 5:00 PM, September 13, 2024, 9:00 PM - Red Lines: These are additional times marking potential local peaks, suggesting moments to consider exiting positions before a downturn. Note: The thick lines on the chart are derived from a 4-hour timeframe. When working with this 1-hour timeframe, remember to evaluate these movements within the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Long
by trushkovskiy
Ethereum: Watch This Channel!ETH has been trading inside this channel for over two years now. After the recent touch of the support, the support has solidified itself even further. Note that the support is a more clear-cut line, while the resistance is more an area. Another touch of the bottom support would potentially be great news for the bulls, hence the signal on the chart. Seeing that we already touched it recently, we can use the wick as a clear stop level. Target placed at the top of the channel, $5000. This will create a great trade with a RR of 8.5. Keep in mind that the support could potentially also break down. This would indicate a long-term bearish shift in trend.
Long
by FieryTrading
4
Ethereum - Bearish M-Pattern, DEMAND Zone ApproachingETH is still correcting after the bearish chart pattern (M-Pattern) formed. The next major demand zone is identified two ways: ✅- Connected with the longstanding diagonal trendline, which acts as a support ✅- Bounce zone for previous major candle wick ✅- Previous resistance, then support, now about to be retested as support As a first stop, the lower white trendline can be used as a price range guage: Remember that the price will remain bearish until daily candles start to close ABOVE the red trendline, in which event it will turn green. ________________________ COINBASE:ETHUSD BINANCE:ETHUSDT
COINBASE:ETHUSDShort
by CryptoCheck-
2
Bitcoin Quick Bullish Channel Set-Up: Trade The Wave!In this analysis I want to take a look at the bullish channel that BTC has been trading in for around 3 weeks. The bottom support and top resistance are perfectly matchin price action, so my guess is that a lot of traders are looking at this set-up. I anticipate that BTC will reverse from this point. Unless the stock markets break down, the chart is clearly suggesting a reversal. To minimize potential losses we keep a tight stop. Target at the top resistance. When doing this we can create a decent trade with a good R/R ratio as seen on the chart.
Long
by FieryTrading
Ethereum - Time to buy again! BINANCE:ETHUSDT It seems that the price has good support after the wedge break on 50% Fibonacci and after this price can grow up to resistance zone also ETHUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves !! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:ETHUSDLong
by CobraVanguard
2