#ETH arrives at the buying area📊#ETH arrives at the buying area✔️
🧠 From a structural perspective, we continue the strength of the bearish head and shoulders structure and see a deep correction. The current price has reached the buying zone that I am concerned about. The action to be done in the buying zone is to buy and lock in the main profit of the short order. Friends who do not have spot positions can buy some.
Let’s see 👀
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BINANCE:ETHUSDT.P
ETHUSDTPERP
#ETH Bearish Head and Shoulders Structure? 📊#ETH Bearish Head and Shoulders Structure❓
😱When I woke up, I found that my position had decreased. It turned out that the profit was automatically stopped after reaching the target 🥳
🧠From a structural perspective, we have a bearish head and shoulders structure built near the resistance zone, but I am not prepared to participate in this short opportunity just yet because there is a larger level bull structure present. Moreover, it is very close to the 2694 support area, the inflection point below, so short selling is not cost-effective.
⚠️Note that the long orders we held near 2660 have been swept away after moving up SL. I will wait for new signals to appear before considering setting up new transactions☕️
Let’s see 👀
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BITGET:ETHUSDT.P
Where is the best trading range for #ETH? 📊Where is the best trading range for #ETH❓
🧠From a structural perspective, the bullish cup-and-handle structure within the 4-hour level is still intact, so there are still bullish expectations.
➡️We started to fall back after being blocked by the resistance area of the two necklines (2805-2813) again. This is very reasonable. The support area that can be seen currently is around 2700-2730.
➡️If we develop as expected, then after reaching the most ideal target area of 2880-3000, we will close the long orders we hold and then look for short selling opportunities.
Let’s see 👀
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BITGET:ETHUSDT.P
#ETH Bullish Cup and Handle Structure📊#ETH Bullish Cup and Handle Structure📈
🧠We placed some long orders after breaking the key watershed downtrend line and saw a nice move up. From a structural perspective, a bullish cup-and-handle structure has been established, and there is still room for continued gains in the future.
➡️However, after we broke through the previous high, we encountered the resistance of two necklines (2805-2813), so we need to be wary of the risk of a correction. Even if we want to participate in new long transactions, we should wait patiently for a period of correction before considering it.
➡️Unfortunately, there was only a US$1 difference from our TP2 and the automatic reduction was not triggered, so we manually reduced our position by 30% and only retained 20% of our position. We are patiently looking forward to more.
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BITGET:ETHUSDT.P
#ETH is blocked by the downward trendline📊#ETH is blocked by the downward trendline❌
🧠Recently, ETH has been consolidating sideways since it reached the resistance zone. The differences are relatively large, the trend is not good-looking, and it is not standard, so I rarely pay attention to it. Only when we get out of this divergence area will trading become easier.
➡️The key watershed that can be seen at present is the downward trend line. Today is the third test. If it cannot successfully break through, then I hope to see the price move back to the buying zone below.
Let’s see 👀
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BITGET:ETHUSDT.P
Ethereum ETH price completed its correction, and next growth?Here is a global wave analysis of the OKX:ETHUSDT price
After the launch of #ETHETF, the price correction of CRYPTOCAP:ETH has started
After launch, #BTCETF was similar to the CRYPTOCAP:BTC price. Well, this is logical, because large funds need a trading volume to purchase a large position and preferably as cheaply as possible.
The probable correction wave (4) was 0.5 of the previous wave (3)
Now the main task is to keep the OKX:ETHUSDT price in the range of $2250-2550
Well, and from this zone can start the growth wave (5) with the goal of at least $5950-6000 per CRYPTOCAP:ETH
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#ETH rebound expectation has been realized📊#ETH rebound expectation has been realized✔️
🧠 We started to rebound after getting support near the buying zone. Now we are blocked near the resistance zone again. We need to be wary of the risk of a pullback and don’t chase the rise in the resistance zone⚠️
➡️Congratulations to the friends who followed Wolf King to print money and received generous rewards.
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BITGET:ETHUSDT.P
#ETH is bullish, where are the new trading opportunities📊#ETH is bullish, where are the new trading opportunities❓
🧠From a structural perspective, the double-top bearish structure built near the resistance area has been destroyed, so we are left with only a bullish expectation. In the future, we will mainly focus on the bullish trend.
➡️Although we are bullish, we are currently near the resistance zone, so we need to be conservative if we are bullish. If we could get back into the buy zone below, we would buy without hesitation. 📈
➡️Although we are bullish, it does not mean that we will give up short trades. If we return to the resistance zone again and do not break through the previous high, we will consider placing some short orders. 📉
Let’s see 👀
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#ETH is blocked by the resistance zone, what’s next?📊#ETH is blocked by the resistance zone, what’s next❓
🧠 We started to rebound after getting support near the neckline as expected, but unfortunately we failed to break through the blue resistance zone to continue the bullish power, so the long orders we got near the neckline were swept away after the stop loss was moved up. dropped.
➡️Structurally, we have constructed a double-top bearish structure near the resistance zone, so there is the possibility of a deeper pullback. But there is a contradiction as there is also a bullish double bottom structure on the 4-hour chart.
➡️Since there is a conflict, we need to wait patiently for the conflict to be resolved before participating in new transactions. If you, like me, hold short positions in relatively good positions, then you can reduce your holdings and then look forward to the possibility of deeper adjustments.
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BITGET:ETHUSDT.P
#ETH reaches the neckline support area 📊#ETH reaches the neckline support area ✔️
🧠 The market has corrected as expected and has reached support near the neckline. From a structural point of view, we have constructed a double bottom bullish structure near the neckline buying zone, so we need to be alert to the occurrence of a rebound.
➡️At the same time, we have locked in the main profit of the short order and only retained a small part of the position to look forward to more. Congratulations to all the friends who followed Wolf King to print money.
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BITGET:ETHUSDT.P
#ETH reaches the staged resistance zone📊#ETH reaches the staged resistance zone✔️
🤷Unfortunately, the rebound occurred before the most ideal buying area was reached, which means that we missed the opportunity to rise in this period.
🧠It is impossible to chase the rise at present, because we have reached the stage resistance zone and there is an expectation of a correction, so if you want to be bullish, you have to wait for a period of correction before considering it.
➡️If we can get support back near the neckline, then we can try a long trade.
Let’s see 👀
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BITGET:ETHUSDT.P
#ETH/USDT#ETH
Ethereum
The descending channel has been clearly broken on today's frame
It is expected to touch $2174 before the recovery and rebound begins
We have a sell saturation on the RSI indicator
We have a trend to return above the moving average 100 again
We have a strong support extending from $2000 to $2100
A rebound is expected from that area targeting
First target 2460
Second target 2830
#ETH/USDT#ETH
Ethereum price is moving in a descending channel on the 1-hour frame
The price is moving inside the channel perfectly, it is expected after a slight rise
Then the decline will continue to fill the price gap with a target of 2700
The market is expected to recover after that after filling the price gap
This decline is affected by the geopolitical events happening these days
The pattern is canceled in the event of a 4-hour close above 3200
Where is the main support for #ETH?📊Where is the main support for #ETH?❓
🧠To be honest, I am really disappointed with ETH. Compared with BTC, the trend is too weak. However, from a structural perspective, such a decline is very reasonable, because the short structure at the 4-hour level has been established. From this structural perspective, the heaviest support area is 2900-29540. If we reach this area, we can consider spot trading.
➡️Originally the short target we got in the blue resistance zone was 2958, but it was closed with the new target after making a new short transaction, so We also missed the profit in today's downward swing, and also received a stop-loss long order, but overall the profit was quite generous.
⚠️ So in the futures trading market, the importance of risk management is reflected. Don’t let yourself become nothing. ❌
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BITGET:ETHUSDT.P
#ETH faces multiple resistances, will it still rise?📊#ETH faces multiple resistances, will it still rise?❓
🧠 From a structural perspective, we are currently moving within a resistance zone and blocked by the descending trendline, so the probability of a decline is higher than the probability of a continuation of the rise.
➡️If we can break through the resistance area and the downward trend line, it means that we may go to the ideal target area (3351-3393)
Let’s see 👀
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BITGET:ETHUSDT.P
#ETH rebounded as expected, where is the target?📊#ETH rebounded as expected, where is the target?❓
🧠 From a structural perspective, there is only a bullish expectation after the short target is fully realized, so a rebound in the buy zone is very reasonable. At present, the price has reached a staged resistance zone, and there is a risk of falling back. Since our entry point was not very good and we did not want to bear the possibility of a profit retracement, we closed our long orders.
➡️If there is a good correction, then we will consider buying again, because the expected target of this rebound (3360) has not yet been achieved, so it is still worth looking forward to🙏
Let’s see 👀
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BITGET:ETHUSDT.P
#ETH reaches the buying zone. Starting to rebound?📊#ETH reaches the buying zone. Starting to rebound❓
🧠 From a structural point of view, the goals of the double top short structure have been achieved. The price is currently in the buying zone and support zone, so we need to be alert to the occurrence of a rebound.⚠️
At the same time, we have also closed all the short orders in our hands. Congratulations to the friends who followed Wolf King to print money and obtained a return of 700%+. 🍻💰
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BITGET:ETHUSDT.P
#ETH is blocked by the downward trend line📊#ETH is blocked by the downward trend line📉
🧠 From a structural perspective, the double top short structure is intact and there is still an expectation of a pullback. It is easy to see from the chart that we are currently blocked by the downward trend line and the price is in the resistance zone, so a decline is very likely.
➡️If you want to do long trading, you need to wait for the price to break through this resistance zone before considering it, or wait for the price to reach the buying zone below before considering it.
Let’s see 👀
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BITGET:ETHUSDT.P
#ETH may continue to fall according to the double top structure📊#ETH may continue to fall according to the double top structure📉
🧠 From a structural perspective, we have constructed a larger level double top short structure within the resistance zone with the ideal target zone of 3191-3279. Therefore, we will continue to look forward to the realization of this target area after locking in the main profits.
🔥Congratulations to all the friends who followed Wolf King to print money, they have made 300%+ profit so far. 🍻💰
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BITGET:ETHUSDT.P
#ETH Bearish Head and Shoulders📊#ETH Bearish Head and Shoulders📉
🧠 From a structural perspective, we have constructed a very standard bearish head and shoulders structure in the selling zone, so we should not be too optimistic and should be alert to the occurrence of corrections.
Let’s see 👀
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BINANCE:ETHUSDT.P