DGB It is trying to break the resistance 0.0090-0.0092It is trying to break the resistance 0.0090-0.0092. If it is able to break it, it will have a wonderful rise, God willing ✅ ✅
Trading around weekly resistance flips involves identifying key levels on a price chart where the market has historically shown a tendency to reverse. Here are some steps to guide you through this process:
1. **Identify Weekly Resistance Levels:**
- Look at a weekly price chart to identify significant resistance levels where the price has historically struggled to go higher.
- These levels are typically points where the price reversed in the past or where it has shown a strong reaction.
2. **Confirmation:**
- Once you identify a potential resistance flip level, look for confirmation from other technical indicators or tools such as trendlines, moving averages, or chart patterns.
3. **Monitor Price Action:**
- Pay close attention to how the price behaves as it approaches the resistance level. Look for signs of price rejection, bearish candlestick patterns, or decreasing bullish momentum.
4. **Wait for a Reversal Signal:**
- Wait for a clear reversal signal before taking any action. This could be a bearish engulfing pattern, a shooting star candlestick, or a strong bearish candlestick that closes below the resistance level.
5. **Risk Management:**
- Set a stop-loss order to manage your risk. Place it above the resistance level to protect your position in case the price breaks through.
6. **Target Profits:**
- Identify a target level for taking profits. This could be a nearby support level, the next significant support area, or a predetermined profit target based on your risk-reward ratio.
7. **Consider Fundamental Factors:**
- Take into account any relevant fundamental factors that might impact the market. Economic reports, news events, and other factors can influence price movements.
8. **Practice Patience:**
- Be patient and disciplined in your approach. Not every potential resistance flip will result in a profitable trade. Avoid impulsive decisions and stick to your trading plan.
9. **Risk-Reward Ratio:**
- Ensure that your potential reward justifies the risk you are taking. A favorable risk-reward ratio is essential for long-term trading success.
10. **Keep an Eye on Market Sentiment:**
- Monitor market sentiment through tools like the Commitments of Traders (COT) report or sentiment indicators. This can provide additional insight into the likelihood of a reversal.
Remember that trading always involves risks, and past performance is not indicative of future results. It's essential to continually educate yourself, use proper risk management, and consider seeking advice from experienced traders or financial professionals.
Ethlong
Ethereum Update: Onward and Upward!Ethereum continues bottom formation, firmly entrenched within a channel spanning $1500 to $2000. The momentous breakthrough of the $2000 mark will likely accelerate its pace further.
Key Levels: Watch out for the critical support level at $1688. Presently, a bullish flag pattern has emerged on the daily timeframe, following a breakout from a symmetrical triangle. The modest flagpole of this pattern offers a glimpse into the potential post-breakout trajectory. My estimation? A surge to at least the $2200-2300 zone.
Risk Management: Safeguarding your trades within low-risk confines is paramount. I recommend setting a stop loss around the latest support level at $1489 to protect your capital.
ETH/USDT 1DAY AND 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USD update from Crypto Sanders.
Chart Analysis:- 4-hour chart analysis for ethereum (ETH) paints a predominantly bearish picture, characterized by a distinct downtrend. This trend is evident through the formation of lower highs and lower lows, a classic indicator of bearish momentum. Despite a recent uptrend at a potential short-term reversal, the overarching downward trend suggests this could be a mere temporary pause. For investors considering short positions, the 2,235 per ETH price level emerges as a key resistance point to watch.
the daily chart provides a more expansive view of ether’s price movements, encompassing a broader historical context. Previously, ethereum enjoyed an uptrend, peaking around 2,407, before succumbing to the current downtrend. The break below the crucial support level of 2,100 underscores a strong bearish sentiment. This longer-term perspective is essential for investors seeking to identify potential entry points for both short and long-term positions.
The relative strength index (RSI) at 47.6, along with the Stochastic, commodity channel index (CCI), average directional index (ADI), and awesome oscillator, all hover in neutral to bearish territory. These indicators suggest a market in flux, with no clear directional bias, adding complexity to investment decision-making.
Moving averages (MAs), which help identify trends and potential reversals over various timeframes, also exhibit a dichotomy. Short-term moving averages, like the 10-day and 20-day exponential and simple moving averages (EMAs and SMAs), signal negative sentiment, indicative of immediate bearish pressure. Conversely, longer-term averages, such as the 50-day, 100-day, and 200-day EMAs and SMAs, advise a positive outlook, reflecting a potential shift in the longer-term trend.
The bearish signals from the 4-hour chart and short-term moving averages are counterbalanced by the bullish outlook in the longer-term moving averages. This situation calls for a cautious approach, particularly for those considering long positions, as the market’s bearish tilt remains a significant factor.
Despite the current bearish indicators on the 4-hour chart and short-term moving averages, the bull verdict for ethereum as of Dec. 18, 2023, hinges on the strength of the longer-term moving averages and the historical resilience of the asset. The neutral positioning of oscillators like the RSI and ADI suggests a potential for trend reversal
The bearish verdict for ether, based on the same data from Dec. 18, 2023, is primarily driven by the persisting downward trend on the 4-hour chart and the bearish indications from short-term moving averages. The failure to break above the key resistance level of 2,235 and the recent trend of lower highs and lower lows point towards continued bearish dominance. Unless there’s a significant shift in market sentiment or a breakout above crucial resistance levels, the bearish trend is likely to prevail.
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ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:- Looking at the 4-hour timeframe, things look worrying for Ethereum. The market has been making lower highs and lows since the rejection from the 2,400 level, demonstrating a clear bearish shift in the short-term market structure.
Nevertheless, the trend is still bullish, as the trendline depicted on the chart is yet to be broken. If this happens, the mid-term trend will be considered bullish, too, and a deeper drop can be expected in the coming weeks.
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ETHUSD H4 is going according to the PLAN ✅ Hello Traders!
As you can see, ETHUSD H4 is under bearish dominance, and I expect that it will reach the 2050 price, a key level where I will look for a Long Trade in case of confirmation.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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ETH/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- 4-hour chart, things become a little more tricky. The price has been reacting precisely to the depicted bullish trendline over the past few weeks.
it is currently falling toward the trendline once more. While traders can expect another rebound from this level, there is also a possibility for a breakdown. In the latter case, things might turn for the worse and lead to a deeper correction shortly.
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ETHUSD H4, Looking for a LONG ✅Hello Traders!
This is my perspective related to ETHUSD H4. I see a retracement until approximately 2050, where we have an OB and also, an important resistance level at 2075.
After the manipulation, I will search for a convenient LONG TRADE entry at approximately 2100 level.
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"Ethereum Price Analysis: Breakout, Daily Trends, and HistoricaIn the weekly time frame, Ethereum broke out of this horizontal resistance, resembling the pattern observed in the last bull run. Following this breakout, a retest similar to the previous bull run is anticipated.
In the daily time frame:
- Ethereum faced rejection at the $2400 level.
- The $1800 to $2000 range is identified as a support level, also representing the 0.382 level of Fibonacci retracement.
- In my opinion, the optimal entry point for Ethereum is within the $1750-$2000 range.
Regarding Ethereum's historical data:
- In the first cycle, after the all-time low (ATL), CRYPTOCAP:ETH took 777 days to surpass its previous all-time high (ATH).
- If history repeats itself, a new ATH could potentially be reached around 700 days from today, possibly by July 2024.
- The last bull run lasted around 1071 days.
- This time, it is expected to last between 1071 to 1064 days of a bull market.
Based on fractal analysis and chart data, it is anticipated that Ethereum will reach its next bull market peak in May to June 2025.
📉 Ethereum Analysis: Navigating Wave Structures 📈Ethereum has adhered to the marked zone as anticipated, constructing an overarching Wave 4. I believe there's a resistance zone to overcome, foreseeing a pullback to the subordinate Wave (2) beforehand.
Alternatively, there's a scenario where Wave 4 hasn't concluded, engaging in a flat correction. Initiated with a three-part correction, it has now expanded into a three-part structure. In this case, a C-wave should follow, aligning with the level of Wave A, around $2,165. 🚀✨
BTC bullish CLASSIC divergence rsiBTC bullish CLASSIC divergence rsi
RSI Hidden Divergence Trading Examples
Some traders identify a hidden divergence and jump into the market immediately. But I find it more useful to think of a hidden divergence as an alert for possible continuation setups.
Once the alert is issued, we can start looking for continuation trade entries. Short-term bar patterns are helpful at this stage.
Trading Tips And Review
As we’ve pointed out, when marking hidden divergences, the choice of the first swing pivot is critical.
Choose a solid pullback swing that stands out on the chart. It leads to a more reliable RSI hidden divergence. Don’t choose a meandering sideways consolidation.
If you review the examples above, you’ll find a few regular divergences as well. Regular divergences point to reversal, while the hidden ones get you into pullbacks. Such conflicting signals present a problem for our analysis.
But unless other factors support a reversal, give more weight to hidden divergences. (Examples of reversal factors are climactic volume, significant support/resistance, and prolonged congestion.)
Finally, let’s wrap up by reconciling the standard RSI strategy with the hidden divergence.
Recall the standard oversold and overbought RSI strategy. When the RSI falls below 30, we buy; when the RSI rises above 70, we sell. This basic strategy uses arbitrary levels of 30 and 70.
Think of the hidden divergence approach as necessarily the same strategy.
However, instead of 30/70, we use oversold and overbought levels implied by the first swing pivot. (For instance, in Example #1, we were using RSI value 55 as the oversold level.) Hence, this approach seeks to adapt to current market conditions.
If you want to learn more about hidden divergences, check out this review on the MACD Hidden Divergence.
ETH unlikely to dip below $2,000 ETHUSDT Technical Analysis Update:
There are two potential scenarios for a rebound.
Scenario 1: The previous resistance level at $2,140 could now act as crucial support for ETH, potentially triggering a bounce from this level.
Scenario 2: At the $2,000 level, two historical resistances could act as support for ETH. Additionally, the $2,000 level carries psychological significance as support for ETH.
If Ethereum (ETH) price reaches the $2,000 level, the 100-day Exponential Moving Average (EMA) could act as a potential support in the day chart.
Ethereum price may consolidate above the $2,000 support level for a month before the upward move.
I believe the ETH price is unlikely to fall below $2,000
ETH time for bullishETH inside channel up, and previous dump already touch channel up support
2186 became strong support level right now, if CRYPTOCAP:ETH still down, maximum bearish at channel up support.
target for this pattern at channel up resistance around $2468
🌐 Ethereum Analysis: Navigating Unique Cycles 📈🚀With Ethereum, I perceive a distinctive cycle compared to Bitcoin. I foresee that, starting now or in the coming days, our focus will shift to completing Wave (iv). Subsequently, I envision an upward trajectory towards Wave 5, culminating in the finalization of Wave (3). To mitigate potential risks during Powell's speech, I deliberately placed the stop-loss well below the 61.8% retracement, securing the position. 📈🚀
ETHUSDT next possible moveOn the 8am (SGT) candle on a 4 hour timeframe, there are 4 long rejection wicks.
Further left, resistance has turned support.
The markets dip caused by Bitcoin whales selling 671m worth of Bitcoin might cause majority to expect a continuous sell, however, the rejection wicks shows strong bullish strength to defend the zone.
I am expecting sideways movement for a day or 2 before upward movement on ETHUSDT
#ETH/USDT#ETH
The price of Ethereum has been moving in a transverse channel since July 2022
In the Occasional Price Range 1112 $ to 2112 $
We have now reached the upper limit of that channel and it represents a strong resistance.
Some downside expected for the support zone 1150 $
And the rebound from them in 5 bullish waves over the next 3 months, ending with a rise to 3500 $ levels.
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders.
Chart Analysis:- Ethereum has displayed significant bullish signals, with the price exhibiting a robust uptrend that retraced above the pivotal resistance level of 2.1K. Despite a temporary setback, the cryptocurrency maintained its upward trajectory, reaching an annual peak of 2.4K. This PA suggests a revived bullish market, reflecting renewed demand and heightened buying interest among market participants.
It’s crucial to acknowledge that short-term corrections typically follow each bullish surge. As evident from the chart, Ethereum’s upward momentum faced rejection upon hitting the upper boundary of the wedge, resulting in a 10% decline.
The divergence between the price and the RSI indicator also supports the likelihood of a brief retracement before initiating the next bullish move. In such a scenario, the 2K support zone is anticipated to be Ethereum’s next destination in the daily timeframe.
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ETH/USDT#Ethereum is retesting its support level at 2155, If it holds we will see a good move upwards #Cryptocurency FOMC
Alright $ETHUSD Traders It's Almost TimeCheck it out traders, and reference my other ideas in relation to how you could make this work for you.
$2500.... $2500.... $2500....
It's almost there, this is the point where the HODLing pays off, ignore this dip, it's a bull market, the pull back was healthy crypto needed it. Now, lets enjoy some consolidation ASMR and make some money.
- M1ndless
Ethereum Long? Based on support and resistance structure it looks good. But if you look at a more fundamental perspective it is likely to continue it's way down after crypto got a big slap. Just letting you know do that the zone is there.
ETH, One Push Higher Is on the horizon !
Based on Elliott Wave Theory, the current price action of ETH/USDT suggests that the cryptocurrency is in a potential bullish trend. This analysis suggests that ETH/USDT could continue to move upwards in the short-term.
Elliott Wave Theory is a technical analysis method that identifies trends in the price movement of financial instruments. The theory is based on the idea that the crowd psychology of investors can be divided into five distinct waves, which can be used to predict future price movements.
The five waves are:
Impulse Wave: A strong, directed move that is typically followed by a correction.
Corrective Wave: A move that retraces some or all of the gains of the impulse wave.
Impulse Wave: Another strong, directed move.
Corrective Wave: Another retracement.
Impulse Wave: The final wave, which completes the cycle.
In the case of ETH/USDT, the price action suggests that the cryptocurrency is currently in a corrective wave after a strong impulse wave of 3. Now we are in Wave 4 of the cycle, this corrective wave could potentially end soon, and ETH/USDT could then resume its upward trend.
Of course, there are always risks involved in trading cryptocurrencies, and Elliott Wave Theory is not a foolproof method. However, it can be a useful tool for identifying potential trends and making informed trading decisions.
Here are some additional factors to consider when making a bullish prediction for ETH/USDT:
The overall cryptocurrency market sentiment is improving.
ETH/USDT has been making higher lows and higher highs recently.
There is a growing institutional interest in ETH.
Overall, the current price action of ETH/USDT suggests that the cryptocurrency is in a potential bullish trend. This analysis is supported by Elliott Wave Theory and MACD indicator. However, it is important to note that there are always risks involved in trading cryptocurrencies, and no analysis is foolproof.
Bitcoin Crash | ETH Crash | Alt Coin Update Check an small update on Bitcoin , ETH an Alt Coin analysis and price movement
#ETH/USDT
#ETH
The price trades in a channel and respects the limits of that channel on a 3-day frame
The price is currently at the 1790 level. It is expected that the price will reach the 1984 level and then the 2210 level
The price is expected to bounce from the 2210 resistance level
The current rally is supported by upward momentum
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