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Ethlong

$SNT weekly Breakout DoneNASDAQ:SNT weekly Breakout Done Trading cryptocurrency breakouts, especially weekly resistance breakouts, can be a profitable strategy, but it also carries a significant level of risk. Here's a step-by-step guide on how to trade a weekly resistance breakout: 1. **Understand the Basics**: - Make sure you have a good understanding of technical analysis, as it will be a crucial tool for identifying resistance levels and confirming breakouts. 2. **Choose Your Cryptocurrency**: - Select a cryptocurrency that you want to trade. It's best to focus on well-known coins with sufficient liquidity and trading volume, as they tend to exhibit more predictable price movements. 3. **Identify Resistance Levels**: - Use technical analysis to identify the weekly resistance levels on the cryptocurrency's chart. These are price levels where the asset has historically struggled to move beyond. 4. **Confirm the Breakout**: - Wait for a clear breakout above the weekly resistance level. This should ideally be accompanied by increased trading volume to confirm the strength of the breakout. Remember that false breakouts can happen, so confirmation is crucial. 5. **Set Entry and Stop-Loss Orders**: - Determine your entry point, which should be just above the resistance level where the breakout occurred. Set a stop-loss order just below the breakout level to limit potential losses in case the trade doesn't go as planned. 6. **Risk Management**: - Calculate your position size based on your risk tolerance. Never risk more than you can afford to lose. A common rule is not to risk more than 1-2% of your trading capital on a single trade. 7. **Take Profit Targets**: - Consider setting multiple take-profit targets. This allows you to lock in profits as the price rises. Traders often use a combination of technical analysis and indicators to identify potential levels where the price may encounter resistance. 8. **Monitoring and Adjustments**: - Continuously monitor the trade. If the price starts moving in your favor, consider trailing your stop-loss to lock in profits and reduce risk. If the trade goes against you, stick to your stop-loss and exit the trade. 9. **Emotional Discipline**: - Keep your emotions in check. It's easy to get carried away with trading, especially when dealing with cryptocurrencies known for their price volatility. Stick to your trading plan and avoid impulsive decisions. 10. **Stay Informed**: - Be aware of any news or events that could affect the cryptocurrency you're trading. Market sentiment can change rapidly based on news, regulatory developments, or market trends. 11. **Record and Analyze**: - Keep a trading journal to record your trades, strategies, and results. This can help you learn from your successes and mistakes, improving your trading skills over time. 12. **Seek Professional Advice**: - If you're new to trading or unsure of your skills, consider seeking advice from a financial advisor or trading mentor. They can provide guidance and help you develop a more solid trading strategy. Remember that trading cryptocurrencies, like any other form of trading, carries risk. It's essential to do your own research, practice with a demo account if you're new, and only invest what you can afford to lose. Additionally, past performance is not indicative of future results, so always exercise caution and use good risk management practices.
Long
by Crypto-Adda_Official
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) Ethereum (ETH) continued to hover around the 1,800 level, despite a slight stint below this point during today’s session. ETH/USD fell to a low of 1,784.95 earlier in the day, which came following a peak at 1,829.25 on Monday. Bulls have since bought this earlier dip, pushing ethereum to a current reading around the 1,813.25 region. it appears that the rally came as the RSI bounced from 68.00. It is now tracking at 71.65. A ceiling at 75.00 now awaits traders and should strength move beyond this, ETH will likely move closer to 1,900. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
#ETHERIUM Trading Strategy!🚀 #ETHEREUM : A Closer Look 📊 Examining two exciting scenarios: 1️⃣ A retest of the Blue MA, potentially shaking out weak hands and paving the way for a push to $2000-$2130. 2️⃣ A successful breakout and retest of the Blue Flag. In both cases, bullish sentiment prevails. The Blue MA has a strong track record in previous rallies. Trading Actions: For spot holders, HODL strong. Futures traders, consider entering at $1710 for a long position with a target of $2000+ and a stop-loss below $1635. #Altcoins may offer better risk-reward ratios thanks to ETH. Remember to DYOR. This isn't financial advice. Share your thoughts on ETH! 💬 #Crypto
Long
by Cryptorphic
3
A small dip in ETHEREUM and the a rally towards 3000!!The crypto is seen making impulse waves from June 2022 and has completed a structure of 1-2-I-II till now, meaning it completed the wave II of 3 and started off in the wave III of 3. The recent oct 2023 rally is the first leg to the bigger III wave that is forming. It would be a wise to wait for a meaningful retracement to this oct wave for a good entry. The 50% retracement of wave i of wave III of wave 3(i.e. current oct rally) is at 1687 and 61.8% retracement is at 1646. The B wave dip can take the crypto to these levels and that should be considered a good entry to go long towards 3K mark. Note*- this post is for educational purpose only
BITSTAMP:ETHUSDLong
by neeraj_2_sharma
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) rose above the 1,800 level to start the week, following a second straight day in the green. 1,779.36 on Sunday, ETH/USD rose to a high of 1,827.13 earlier in today’s session. the world’s second-largest cryptocurrency rose to its highest point since last Thursday. the rally came as the RSI neared its long-term resistance level of 75.00. the index is tracking at 72.20, with ethereum marginally below its earlier peak at 1,817. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
1
Breakout of $500 will lead to mini #DEFI season 🔥Good time to accumulate #DEFI coins 💎📝 Keep an eye on it 👀 Trendline Trading Strategy What is a trendline trading strategy? In technical analysis of financial markets, a trendline is a diagonal line drawn through a chart to show the trend in price. The slope of the trendline shows the direction of the trend: if the line has an upward slope, the trend is up (an uptrend), and if the line has a downward slope, there is a downtrend. When the slope is flat, the trend is horizontal, and in that case, we say that the market is moving sideways or is range-bound. As you know, the price moves in swings, creating swing highs and swing lows. When the price is rising, it creates a series of higher swing lows and higher swing highs. Likewise, when the price is declining, it creates a series of lower swing highs and lower swing lows. An up-trendline is drawn across the rising swing lows, while a down-trendline is drawn across the descending swing highs. In a range-bound market, the line is drawn across both the swing highs and swing lows to delineate the boundaries of the range.
Long
by Crypto-Adda_Official
$CELR Breakout Done $CELR Performed Bullish Symmetrical in 4HR tf What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
Long
by Crypto-Adda_Official
$AVAX Performing Falling wedge in 1DEURONEXT:AVAX Performing Falling wedge in 1D Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation.
Long
by Crypto-Adda_Official
1
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) rebounded from Friday’s drop, making a run back towards the 1,800 level to start the weekend. ETH/USD peaked at 1,796.57 on Saturday, after the price fell to a low of 1,751.44 less than 24 hours ago. This climb means the world’s second-largest cryptocurrency has traded higher for nine of the last ten sessions. this latest rally comes as the 10-day (red) moving average continues its uptrend versus its 25-day (blue) counterpart. the RSI found a floor at 68.00, using it as a springboard to a current reading of 69.94. Bulls will likely make further runs towards 1,800, despite overall price strength being overbought. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) also edged lower in today’s session, falling below the 1,800 mark in the process. After reaching a high of 1,857.81 on Thursday, ETH/USD dropped to a bottom at 1,764.01 earlier in the day. This decline has seen ETH snap a seven-day bull run, pushing the cryptocurrency away from a multi-month high in the process. The drop coincided with the RSI failing to breach a resistance level of 74.00, and it is now tracking at a reading of 71.13. Traders who are holding onto their long positions may begin to reconsider this, should the index fall below the 70.00 mark. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- ethereum (ETH) was mostly higher, leading prices back above the 1,800 level. ETH/USD peaked at 1,865.10 earlier in today’s session, following a low at 1,781.49 on Wednesday. ethereum rose to its highest level since August when the price hovered below 1,880. The cryptocurrency has now traded in the green for seven straight sessions, adding nearly 20% to its value during this period. the 10-day (red) moving average continued to race ahead of its 25-day (blue) counterpart, which is a sign that momentum remains bullish. the RSI is at 74.90, which could cause current buyers to soon begin to capture gains. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETHUSD 4H : Still bullish ETHUSD New forecast Ethereum price trades bounce back downward to conduct some bearish intraday correction, noting that the price is significantly gathering positive momentum, waiting for the price to be stimulated to resume the expected upward trend for the coming period, whose next targets are at 1822 and 1885. From here, we continue to favor the upward trend in the immediate and short term, supported by the moving average 50, recalling the importance of stability above 1735 to achieve the expected goals. The expect range trading for today will be between resistance line 1885 and support line 1735 . support line : 1773 , 1735 resistance line : 1822 , 1885 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:ETHUSDLong
by Arazmajeed
4
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) retreated below the 1,800 level on Wednesday, snapping a six-day winning streak. Following a high of 1,852.68 during yesterday’s session, ETH/USD fell to a low of 1,758.69 earlier in the day. ETH has since rebounded, marginally, and is now trading at $1,784.57, which is over 3% lower than Tuesday’s peak. sentiment remains largely positive, with the 10-day (red) moving average extending its upward trend versus its 25-day (blue) counterpart. Although the RSI in ethereum is also overbought, and tracking above 70.00, bulls could attempt to push the price above $1,900 in this upcycle. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) reached 1,800 for the first time in several months, after being the beneficiary of general sentiment around crypto. ETH/USD rallied to an intraday high of 1,845.99 earlier today, a day after trading at a bottom of 1,664.58. ethereum reached its highest point since August 13, when the price was marginally below 1,860. The move saw ethereum climb for a fifth straight session, as the RSI broke out of a resistance at 60.00. ETH is now severely overbought, with the index now tracking at 76.79. Bulls broke a ceiling of 68.00 over the last several hours, however it is unlikely that this will be sustained, as profit takers begin to loom. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
$UNFI Performing Falling wedgeFalling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation.
ULong
by Crypto-Adda_Official
$CREAM performing symmetrical triangle$CREAM performing in 1hr symmetrical triangle Trading a symmetrical triangle pattern involves identifying potential breakouts and using technical analysis to make informed trading decisions. Here are the steps to trade a symmetrical triangle pattern: 1. **Identify the Symmetrical Triangle:** First, recognize the formation of a symmetrical triangle on a price chart. This pattern typically consists of converging trendlines, with a series of higher lows and lower highs, creating a triangular shape. 2. **Determine the Direction:** Pay attention to the direction of the price trend leading into the triangle. If the price was in an uptrend before entering the pattern, there's a higher likelihood of a bullish breakout. Conversely, if it was in a downtrend, a bearish breakout is more probable. 3. **Set Entry and Stop-Loss Levels:** To trade a symmetrical triangle, you'll want to wait for a breakout from the pattern. Set your entry order slightly above the upper trendline for a bullish breakout or slightly below the lower trendline for a bearish breakout. Place a stop-loss order to limit potential losses. 4. **Confirm the Breakout:** Don't jump the gun. Wait for a confirmed breakout, which is usually accompanied by increased volume and a significant price movement beyond the trendline. This confirms the direction of the breakout. 5. **Measure the Price Target:** Use the height of the triangle at its widest point to estimate the price target. For a bullish breakout, add this measurement to the breakout point; for a bearish breakout, subtract it. This provides an initial price target. 6. **Monitor and Adjust:** Keep a close eye on your trade and adjust your stop-loss and take-profit levels as the price moves. This will help protect your profits and minimize losses. 7. **Consider Volume and Confirmation:** While symmetrical triangles often result in significant breakouts, not all breakouts are equally reliable. Look for strong confirmation through volume and other technical indicators (such as moving averages) to increase the reliability of your trade. 8. **Practice Risk Management:** Only risk a small portion of your trading capital on any single trade, and don't over-leverage. Stick to a risk-reward ratio that makes sense for your overall trading strategy. Remember that trading involves risk, and it's important to have a solid understanding of technical analysis, risk management, and a trading plan before attempting to trade any chart patterns, including the symmetrical triangle. It's also advisable to practice on a demo account or paper trade to gain experience before risking real money.
Long
by Crypto-Adda_Official
$BSW near to Break down\ward trendline **$BSW near to Break down\ward trendline ** Trading trendline breakouts is a popular strategy in technical analysis. It involves identifying key trendlines on a price chart and then executing trades when the price breaks through these trendlines. Here's a step-by-step guide on how to trade trendline breakouts: 1. **Identify the Trendlines:** - Start by identifying the prevailing trend in the price movement. This can be an uptrend (higher highs and higher lows) or a downtrend (lower highs and lower lows). - Draw trendlines connecting the lows in an uptrend and the highs in a downtrend. These trendlines should slope in the direction of the prevailing trend. 2. **Confirmation of the Trendline:** - Ensure that the trendline has been touched or respected by the price multiple times. The more times it has been tested, the stronger it is considered. 3. **Entry Point:** - Plan your entry point for a breakout trade. For an uptrend, consider buying when the price breaks above the upper trendline. For a downtrend, consider selling when the price breaks below the lower trendline. 4. **Use Additional Indicators:** - It's often beneficial to use other technical indicators to confirm the breakout. Common indicators include moving averages, Relative Strength Index (RSI), or Stochastic Oscillator. These can help filter out false breakouts. 5. **Set Stop-Loss and Take-Profit Orders:** - Determine your stop-loss and take-profit levels. A stop-loss is placed below the breakout point for long trades and above the breakout point for short trades to limit potential losses. A take-profit level is set at a point where you aim to lock in profits. 6. **Risk Management:** - Calculate the position size based on your risk tolerance. Do not risk more than a small percentage of your trading capital on a single trade.
Long
by Crypto-Adda_Official
ETHUSD 4H : Support further rise ETHUSD New forecast The price of Ethereum (ETHUSD) confirmed the breach of the 1656 level, and is pushing upwards at the opening of the day to approach the 1694 level, providing signs of a trend towards achieving more expected gains during the coming period, noting that crossing the last level will push the price to 1735. As the next main target. From here, the upward trend will be likely in the immediate term unless the 1656 level is broken and holds below it again. The expect range trading for this week will be between resistance line 1735 and support line 1656 . support line : 1666 , 1656 resistance line : 1694 , 1735 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EIGHTCAP:ETHUSDLong
by Arazmajeed
14