#ETH reaches the target area 📊#ETH reaches the target area ✔️
🧠 From a structural point of view, we started the rebound with the double bottom structure as the supporting force. We have successfully reached the ideal target area of this structure. Therefore, it is not recommended to chase the rise in the selling area. The action that should be done in the selling area is to sell.
➡️So we have closed the long orders we held. Congratulations to our friends who followed Wolf King to print money and obtained a profit of 1300%+. 💰🚀🌕🍻
🔥The next important resistance area worthy of our attention is 3524-3580
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BINANCE:ETHUSDT.P
ETHUSDTPERP
Ethereum finds strength at key support levelThe ETH/USDT pair is currently in a strong downtrend with bearish indicators and patterns. The key levels to watch are the support around $2,850 and resistance around $3,100 to $3,200 . If the price breaks below the support level with high volume, it could indicate further downside. Conversely, a bounce from the support level could lead to a short-term rally towards the resistance zone.
#ETH is in the resistance zone, don’t chase the rise📊#ETH is in the resistance zone, don’t chase the rise⚠️
🧠From a structural point of view, we have successfully constructed a double bottom bullish structure, so it is very reasonable to maintain the bullish view. The ideal target area for this structure is 3360-3533.
➡️Although we are bullish, we are currently in the resistance zone. The action to be taken in the resistance zone is to reduce or close positions, so do not chase the rise in the resistance zone. If it continues to break through the resistance zone, then the next resistance zone worthy of our attention is near the neckline resistance zone.
Let's see👀
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BINANCE:ETHUSDT.P
#ETH may be pumped according to the double bottom structure📊#ETH may be pumped according to the double bottom structure🚀
🧠From a structural perspective, we have constructed a double bottom bullish structure near the buy zone on the 1-hour level, so the probability that we will continue to rise based on this structure as support momentum is greater than the probability of falling, but when we break through the inflection point The price is in the resistance zone, so we cannot chase the increase in the resistance zone. Instead, it is reasonable to try to place some short orders.
➡️Fortunately, everything developed as expected, and we triggered the entry point for long orders shortly after closing the short order. There has been a good rebound, and we look forward to the further continuation of bullish power.🚀
Let's see👀
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BINANCE:ETHUSDT.P
ETH Buyback ZonePurpose:
1. To aid you in determining a TP target for short positions.
2. Avoid loss by entering a long position prematurely.
3. To point out a possible buyback Zone
Description:
Ethereum formed an M pattern.
This pattern satisfies the initial requirements of a Bullish Bat Formation, which are as follows:
1. Mandatory 50% B-point retracement of the XA leg.
2. The C-point should be in the 50 – 61.8% range.
Target:
1. The minimum target of a bat formation is the 1.272 extension of the BC leg. The 1.272 extension is at 2,276 USDT.
The Price Reversal Zone is typically between the 1.618 extension of the BC leg and the 0.887 retracement of the XA leg. This range of 1786-1825 gives us a tight PRZ, which provides us with clear invalidation and a low-risk entry.
God willing, I will update this idea as the PA unfolds in the coming days and weeks.
Best Wishes
#ETH/USDT in Trouble! $3089 SHOULD HOLD, Else...ETH is currently trading at the liquidity level I mentioned in my updates a few weeks ago. The price has hit the yellow box and is supported by the lower trendline, which has been acting as support since October 2023. This is a crucial level to hold.
The lower support of $3,089 is marked by the 200 SMA. Oscillators are excellent tools for indicating changes in momentum and market psychology.
If the price breaks and closes below the $3,089 level, it could plummet to the $2,600 area. Conversely, a bounce could send ETH back to the $3,500 area, leading to a relief rally for other altcoins as well. Although less likely, this scenario is still possible.
All the 30+ altcoin charts that I've posted in the last 2 weeks are slowly moving to the accumulation area.
Will be posting more daily so follow me if you haven't yet!
What do you think? Let me know in the comments section, and don't forget to hit the like button.
Thank you,
#PEACE
#ETH is approaching the periodic resistance zone📊#ETH is approaching the periodic resistance zone🔥
🧠We had a good rebound as expected after the price reached the support zone and is currently stopping near the neckline resistance zone. If the breakout is successful, then we have a chance to go to the resistance zone marked on the chart.
➡️From a structural perspective, we have not yet built a long structure above the hourly level, so if there is a good callback, it will be regarded as a good opportunity to participate. 🔥
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:ETHUSDT.P
Ethereum(ETH) Analysis===>>15 minute time frameEthereum(ETH) has succeeded in breaking the lower line of the Symmetrical Triangle .
According to the theory of Elliott waves , Ethereum(ETH) seems to be completing corrective wave s.
I expect Ethereum(ETH) to fall at least to the Potential Reversal Zone(PRZ) .
Note: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze (ETHUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum ETH price ready to move. ETH ETF soon ?In 2 months, the #ETHUSDT price rose from $3000 to $4000 and firmly established itself above $3400. Clearly according to the blue scenario 💙
+ the news background around the #ETH ETF is actively recovering that large funds are ready to buy, just "agree" and launch)
So let's try to assume that the next wave of #Ethereum price growth will be at least up to $5400
_____________________
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#ETH head and shoulders structure is not established📊#ETH head and shoulders structure is not established❌
🧠Although we broke through the downward trend line, we still chose to fall in the end. The expectation of the bullish head and shoulders structure also failed, so the long orders we made based on this expectation were triggered to stop loss. Although it has fallen below the low again, we are currently in the buying zone. I will not chase shorts in this zone. Even if I want to go short, I have to wait for a rebound to occur before considering it.
➡️If we continue to fall, then we can just wait in the support area below. ☕️
Let’s see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:ETHUSDT.P
Based on ETH/USD chart, here's a potential approach Based on your ETH/USD chart, here's a potential approach for deciding when to execute trades:
1. Support and Resistance Levels:
- Resistance: Around 3,491 - 3,446.
- Support: Around 3,385 - 3,202.
2. Chart Patterns:
- The price is currently in a descending channel, indicating a bearish trend.
- Look for potential breakouts above or below the channel to signal a possible change in trend.
### Trading Strategies:
1. Short Position:
- If the price continues to respect the descending channel and breaks below the current support level around 3,385, consider entering a short position.
- Set a stop loss above the recent resistance level around 3,446 to manage risk.
- Potential take profit levels could be at the next major support around 3,202.
2. Long Position:
- If the price breaks above the descending channel and the resistance level around 3,491 with significant volume, it might indicate a bullish reversal.
- Enter a long position on the breakout.
- Set a stop loss below the breakout point to manage risk.
- Potential take profit levels could be around 3,600 and 3,700, where previous resistance levels lie.
### Additional Considerations:
- Volume: Pay attention to trading volume. Higher volume during a breakout can indicate a stronger and more reliable move.
- Candlestick Patterns: Look for reversal or continuation patterns around key support and resistance levels.
- Market Sentiment: Keep an eye on overall market sentiment and news that could impact Ethereum prices.
### Execution Plan:
1. Monitor the Price Action: Keep a close watch on the price action around the key levels mentioned.
2. Set Alerts: Set alerts for when the price approaches key support and resistance levels or when there’s a potential breakout from the descending channel.
3. Confirm the Breakout: Wait for a confirmed breakout with volume before entering the trade to avoid false breakouts.
Remember, always manage your risk and have a clear plan for entry, stop loss, and take profit levels before executing any trade.
#ETH correction phase may be over📊#ETH correction phase may be over✔️
🧠From a structural perspective, we have successfully broken out of the downtrend line. If a bullish head and shoulders structure can be constructed near the buying zone, then there is a high probability that we will use this bullish structure as support to start rising, and we will have the opportunity to challenge the previous high. 📈
➡️In addition, breaking through the downward trend line is a positive signal for us, but the appearance of such a signal does not allow you to directly chase the rise. It is unreasonable for you to chase the rise without fully understanding my point of view.
🔥Although there are positive signals, we made a short trade in the resistance zone and have now locked in the main profit. Congratulations to the friends who followed Wolf King to print money. 💰🍻
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BINANCE:ETHUSDT.P
#ETH Where will the correction phase end? 📊#ETH Where will the correction phase end? ❓
🧠From a structural perspective, we have reached the target area of the double top bearish structure (3259-3429), so it is possible that we may end the correction from this area. If we can successfully break through turning point 1 or successfully break through the downward trend line, then this probability will be improved.
➡️From the perspective of wave theory, we are completing the correction wave C. The ideal interval for wave C to stop is 3051-3194🎯
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:ETHUSDT.P
#ETH callback expected still exists📊#ETH callback expected still exists⚠️
🧠Currently we are near the phased support zone, so it would be reasonable to consolidate here for a while. It’s easy to see from the chart that we are in a downtrend, so be cautious and conservative on the bullish side.
➡️From the perspective of wave theory, wave 4 has been completed and wave 5 is expected to appear. 🙏
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:ETHUSDT.P
#ETH returns to the daily level resistance zone📊#ETH returns to the daily level resistance zone✔️
🧠From a structural point of view, we have constructed a bearish double top structure within the target area at the daily level. It is very reasonable that a strong rebound occurred after achieving the target of this structure, but judging from the magnitude of the callback, The correction at the daily level may not be over yet, so please be cautious on the bullish call.
➡️From a wave theory perspective, wave 4 will likely complete after sweeping the liquidity pool, with the expectation that wave 5 will occur.
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:ETHUSDT.P
#ETH has a chance to form a bearish head and shoulders📊#ETH has a chance to form a bearish head and shoulders📉
🧠We have been consolidating within the target zone after achieving our daily long target. From a structural point of view, we have the opportunity to build a bearish head and shoulders structure. A break below the uptrend support line 1 increases the probability of a bearish head and shoulders. After breaking below inflection point 1, a bearish head and shoulders is established.✔️
🔥If this bearish structure holds true, then the short target area we will first focus on is around 3321-3365🎯
Don’t forget risk management💯
✔️Trade safe✔️
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BINANCE:ETHUSDT.P
ETH LONG TERM IDEAHello,
We have exciting news and insights to share with you! With the potential approval of the Ethereum Spot ETF, we foresee significant movements in Ethereum’s price over the long term. Our detailed analysis and forecast are illustrated in the attached chart, providing you with a clear vision of what might be ahead.
Ethereum Long-Term Price Outlook
Current Situation:
As of now, Ethereum is trading around the $3,900 mark. The market has shown resilience, and with the anticipation of the Ethereum Spot ETF approval, we expect significant bullish momentum.
Key Levels to Watch:
Based on our analysis, here are the critical price levels to keep an eye on:
• $4,396.48: This is our first major resistance level. Breaking through this could set the stage for further upward movement.
• $4,819.93: The next resistance level, which could be a crucial point for Ethereum’s medium-term growth.
• $5,374.45: Breaking past this level could signify strong bullish sentiment, potentially driving prices even higher.
• $6,070.12: This level represents a significant milestone, indicating a strong upward trend.
• $6,443.16: Our long-term target, which we believe Ethereum could reach following the positive momentum from the ETF approval.
Technical Insights:
The attached chart shows Ethereum’s price action and key resistance levels. The descending trendline that Ethereum has been facing is a critical barrier. Breaking through this trendline with strong volume and support from the ETF news could propel Ethereum to new heights.
Why This Matters:
1. Institutional Adoption: The approval of the Ethereum Spot ETF would signal increased institutional interest and confidence in Ethereum, likely driving more investment and adoption.
2. Market Sentiment: A positive decision from the SEC can boost overall market sentiment, not just for Ethereum but for the entire crypto market.
3. Long-Term Growth: With increased institutional participation, we could see sustained growth and stability in Ethereum’s price, making it a valuable addition to any investment portfolio.
We recommend keeping a close watch on the market and these key levels. As always, our team at CryptoSignalAPP is here to provide you with the latest insights and updates to help you navigate the crypto market effectively.
Stay ahead of the curve and make informed decisions with CryptoSignalAPP!
Best regards
📊#ETH double bottom target achieved, be wary of callbacks⚠️📊#ETH double bottom target achieved, be wary of callbacks⚠️
🧠We followed the daily-level double bottom long structure and broke through the short defense point after skyrocketing. This means that the double top short structure was destroyed, which means that this period of correction is over. Combined with the general trend, it is a bull trend, so we have a view on the future trend. It's going to be very optimistic.
➡️Although it is an optimistic attitude, we are currently in the daily-level selling zone. I will not chase the increase under the selling pressure, so we have locked all the profits from the long orders in our own pockets very early.
➡️If we choose to continue rising, then we will use the ETH spot purchased in the daily level buy zone to look forward to more.☕️🙏🎯
👀From a structural point of view, the breakthrough of the short defense point means that it will be sooner or later for us to break through the previous high, so when the price falls back again, it is a good time for us to enter the market again. The first support can be focused on near the inflection point.🔥
Don’t forget risk management💯
✔️Trade safe✔️
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📊#ETH can continue to look forward to the goal🎯🧠From a structural point of view, we started to rebound according to the small double bottom structure and successfully broke through the downward trend resistance line, so there is still room for us to continue to rise.
➡️For future expectations, we can refer to the trend of BTC horizontally. The best case scenario is that BTC continues to consolidate horizontally to build a new long-short structure, and ETH continues to rise to achieve the remaining goals.
⚙️Therefore, we subtracted part of the added positions within the phased target area, and then chose to retain part of the position to look forward to the remaining targets. At the same time, congratulations to the friends who followed Wolf King to print money and received a return of 400%+.🎉💰🚀🌔🍻
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"ETH". I should eat this RBI firstNice to meet you, friends. It's called E.s.s, which hits the exact target like an eagle
In the long-term bearish, We found and substituted short-term uptrend line with important angles.
If it breaks down the current short-term uptrend line, ETH will drop to the RSI oversold.
The standard is to BREAK DOWN the short-term uptrend line.
#ETH FORMING FALLING WEDGE PATTERN!On the daily ETH chart, there's a notable pattern emerging, potentially forming a substantial falling wedge. Statistically speaking, a falling wedge tends to signal bullish momentum. About two-thirds of the time, a falling wedge pattern breaks to the upside, while the remaining third breaks to the downside. However, it's important to note that until we observe a confirmed breakout above the significant resistance level currently at around $3450, any price target remains speculative.
Once a breakout above this resistance level is confirmed, it sets up a bullish target at the top of the wedge, approximately at $4060. Additionally, another method to gauge the price target for a fall suggests a potential rise to around $4300. This implies a likelihood of the price returning to above $4000, contingent upon the confirmation of a breakout above $3450.
Nevertheless, it's essential to remain cautious as there could still be resistance encountered along the way, even after the breakout above $3450. Keep in mind that other levels of resistance may pose challenges to the price's upward movement. So, while there's potential for a bullish trajectory, it's prudent to monitor the situation closely for further developments.
#DYOR #NFA CRYPTOCAP:ETH BINANCE:ETHUSDT BITSTAMP:ETHUSD
📊#ETH breaks out of descending triangle📈🧠From a graphical structure point of view, we have formed a descending triangle. The current price has broken through the upper edge of the triangle, which means that we will continue to rise. If we successfully break through the inflection point, then we will have a high probability of sweeping the upper liquidity pool.🚀
➡️If you are not involved in long trades, then you can focus on the buy zones marked on the chart. You can use DCA to participate in spot transactions, which is continuously effective. The ideal target is 4877.☕️🙏🎯
⚠️Don’t forget risk management💯
✔️Trade safe✔️
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Elliott's Wave analysis at Ethereum ETH priceToday's wave analysis based on #ETHUSDT
The only open question, at least for us, is whether the A-B-C correction within the 4th wave has already been completed or not.
↗️ If it has, then buyers should not allow the price of CRYPTOCAP:ETH to fall below $2925 and, accordingly, continue to grow according to the blue scenario.
↘️ If it hasn't ended yet, then market players are still waiting for an impulsive drop in the #ETHUSD price to the $2525 area. After that, the price may recover according to the white scenario.
Which scenario do you prefer, which do you believe in more?