Ethereum (Cryptocurrency)
Potential bullish rise?ETH/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
Entry: 3,347.20
Why we like it:
There is a pullback support level.
Stop loss: 3,212.96
Why we like it:
There is a pullback support level which lines up with the 138.2% Fibonacci extension.
Take profit: 3,620.38
Why we like it:
There is a pullback resistance level.
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(ETHUSDT 1M chart)
The key is whether it can receive support near the Fibonacci ratio point of 0.618 (3548.07) and rise above the upper point of the HA-High indicator box on the 1M chart.
If the price is maintained above the HA-High indicator, I think there is a high possibility of a full-fledged upward trend.
Therefore, it is expected that a full-fledged upward trend will begin only when the price is maintained above the 3321.30 point, which is the HA-High indicator point on the 1M chart.
If not, and it falls, you should check for support around 0.382 (2647.80).
(1W chart)
It has touched the psychological volume profile zone and is rising.
The key is whether it can receive support in the 3503.68-3730.71 range and rise above 4093.92.
If not, and it falls, you should check for support around 3025.27-3321.30.
If the price maintains above 4093.92, it is expected to rise to around 4868.0.
(1D chart)
It should rise to the HA-High indicator box section (3570.0-4010.98) on the 1D chart.
Accordingly, the key is whether it can receive support around 3570.0 and rise above 3903.61-4010.98.
If the price is maintained above 3903.61-4010.98, a full-fledged upward trend is expected to begin.
The 3025.27-3321.30 section is the HA-High indicator section of the 1M and 1W charts, so it is an important section.
Since the price broke above this important zone with a sharp increase, if the price holds above 3025.27-3321.30, it is expected to renew the latest previous high.
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(1D chart)
Please refer to the HA-Low and HA-High indicators used to initiate trading and the BW indicator to verify them.
We need to check if we can receive support around the current secondary range, that is, the 3570.0-3730.71 range.
If you were unable to buy around 2817.0-3025.27, I think it would be a good idea to check for support in the 3903.61-4093.92 range and proceed with buying.
The reason is that the HA-High indicator was created and a high point was formed.
Therefore, the HA-High indicator point at 3903.61 can become a resistance point.
From a day trading perspective, if support is confirmed around 3570.0, you can buy and sell around 3903.61.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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(ETH) ethereum "arrays_new cycle drift"Both Ethereum and Bitcoin had run their course through the timeframe of about 12 days for each of the 9 different sections of the arrays. As the arrays get lighter and more faint the price gets closer to reaching the moment of regenerative investment. The price of both Ethereum and Bitcoin were so close to the most faded section of the array. I kept waiting wondering if it was the moment for when I should place a spot, or many. Then the array was found to reignite into a darker array with almost no change in price, huh? Such dramatics to keep guessing about. If I know this and they know I know this they must not be using this so now I need to find the thing they are using or make a new one of these.
ETH/USDT Outlook ICT Concept💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on ETH/USDT, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
📈 Smart Money Technique (SMT)
As we discussed the SMT (Smart Money Technique) in our previous analysis of the Bitcoin chart, let's delve deeper into SMT for a better understanding. Currently, we not only observe SMT but also identify a Fair Value Gap ( FVG ) that is supporting the price.
🔄 ETH and BTC Correlation
In the context of cryptocurrencies, specifically Ethereum ( ETH ) and Bitcoin ( BTC ), correlation plays a significant role in market analysis. Historically, ETH and BTC have exhibited a strong positive correlation, meaning they often move in the same direction. When BTC's price rises, ETH's price typically follows, and vice versa.
📊 Current Market Phase: Accumulation
Right now, both Ethereum and Bitcoin are in an accumulation phase. We can anticipate a manipulation movement to the downside before initiating a bullish movement, targeting buy-side liquidities (BSL) such as the Equal High ( EQH ) above the chart.
📉 Potential Bearish Scenario
For any bearish scenario, we need to see buy-side liquidities taken out. Only then can we consider any bearish movement or the invalidation of SMT . If this occurs, we will definitely discuss the implications in detail.
🙏 Thank you for joining us!
Exploring ETH/USDT today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
ETH waiting for major rebound?Ethereum (ETHUSD) Analysis
Chart Type: 30-min TPO and 1-day Volume Footprint
Key Levels:
Support: 3,200 USD
Resistance: 3,560 USD
TPO Insights:
POC: High trading activity indicating strong support/resistance
VAL & VAH: Consolidation within this range, watch for breakouts
Volume Footprint: Significant volume around support zone, potential rebound.
Predicted Movement: Possible bounce from 3,200 USD or continuation of downtrend.
ETH, ran out of breath?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ETH update 🧵
It looks like it moved down and bounced out of the area,
MLT for a W5 as a possible impulse.
Watching these 3 paths for some clarity.
A completed impulse down here doesn't spell ATH.
But A break of
3653 and 3759 would have me reconsider.
#Elliottwave #PriceAction
MATIC Weakness: 2-Year Pennant BROKENAfter a massive pump last cycle, MATIC is one of the weaker bigger alts on the market. It has given away all of the gains made since the October 2023 bull move and is not looking like it will stop dumping. The pennant pattern that has been holding for over 2 years has been broken.
I'm looking at the yellow area for a potential long-term entry. Patience is key.