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ETHUSDTPERP

#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
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by CRYPTOMOJO_TA
2
📊#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✔️ 🤜If you like my analysis, please like 💖and share it💬
Long
by wolf_king888
3
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?
by P_S_trade
6
#ETH is holding the price above this 183 days long support!#ETH is currently staying above a support level that has held for 183 days, and the 100-day Simple Moving Average (SMA) is also acting as support. As long as we remain above this support, things look positive for a potential bounce back up in price. However, if the price falls below this level, we may see some corrections. Keep an eye out for further updates. DYOR, NFA #Crypto CRYPTOCAP:ETH BINANCE:ETHUSDT BITSTAMP:ETHUSD
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by CRYPTOMOJO_TA
📊#ETH key inflection point, structural evolution ideas🧠➡️From a graphical structure point of view, the structure of ETH is very standard. 🧠If we continue to break through the turning point after the pullback, it means that the long structure is established, which means that we will most likely go higher from here. ⚠️Note that if it falls below the previous low, it means that we will continue the downward trend. If this scenario occurs, then when the price reaches the non-contradiction zone 2400-2500, you can buy directly, and both futures and spot can participate. Trade safe✔️ 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
📊#ETH has a chance to form a smiley face structure📈🧠What we always look for in the buying zone is the opportunity to go long. From the perspective of graphic structure, we have the opportunity to build a smiling face bullish structure in the buying zone. If this structure is established, then we will most likely break through the turning point. This It means that a larger double bottom long structure is established, which means that we will rise even more. Let's see 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
2
📊#ETH key turning point⚠️🧠Since the price has entered the buying zone at the weekly and daily levels, there is an expectation of a rebound. But from a structural point of view, we are suppressed by the short structure, so there are some contradictions here. ➡️Therefore, it is best for us to wait until the contradiction is resolved before participating. For example, breaking through the turning point means that the small double bottom long structure is established, and there is a chance to break through the short defense point. If this scenario occurs, it means that the large double top short position The structure is broken, and the subsequent pullback is our opportunity to continue to go long. ➡️If we continue the downward trend and fall below the previous low, then we will continue to buy near the 2400-2500 non-contradictory zone. ➡️Of course, if your position is not heavy, you can also hold some spot positions here. Because we still hold some ETH spot stocks, we will wait patiently for a better range to appear before adding more positions. 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
by wolf_king888
📊#ETH most noteworthy buy zone💥🧠We have entered the daily and weekly level buy zone, so it makes sense to continue to rebound from here for a while. But since the entire market is in a pessimistic state, maybe we need to enter a deeper adjustment range. 2400-2500 is an area worthy of attention, and I plan to continue buying ETH in this area. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
1
📊ETH has a higher probability of rebounding in the support zone📊#ETH has a higher probability of rebounding in the support zone📈 🧠ETH's decline was even greater, but the price once again stopped near the support zone, reacted well when it was touched, and was expected to rebound after sweeping the long liquidity pool. From a graphical perspective, we have the opportunity to form a falling wedge pattern, and generally we will follow this pattern to rise. Even if it continues to fall, there is a high probability that we will rebound first and then fall. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
📊#ETH has a chance to form a double bottom structure🚀🌕🧠From the perspective of the macro cycle, we have broken the weekly short defensive point, which means that sooner or later we will challenge the historical high, so we remain bullish. ➡️Judging from the current structure, if we successfully break through the inflection point, then a double bottom and long structure will be established, which means that we will most likely use this structure as a supporting power to pump.🚀🌕 Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
2
📊#ETH double bottom structure rises🚀🌕💥We started long ETH after stabilizing above the support zone, locking in more than 80% of the main profit after reaching the short defense point at the weekly level. When the price returned to the support zone again, we increased our position again. At present, 900%+ profits have been obtained. Congratulations to the friends who followed Wolf King to print money.💰🍻🍻 🧠From a structural point of view, we successfully broke through the short defense point resistance line, and the resistance line turned into a support line. A double bottom bullish structure is established and we may continue to move higher based on this structure.🙏🚀🌕 Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
1
📊#ETH weekly level view📈👀We can easily find that the overall trend of the market is upward, so it will be smoother to go long in line with the trend.✔️ ➡️The ETH we bought near the 12H buy zone locked in major profits when it broke through the short defense point at the weekly level, because the goals of the double bottom long structure at the weekly level were all achieved. Therefore, I am worried that there will be a major cyclical adjustment that will lead to a profit retracement. In fact, a pullback did occur, and we started buying ETH again after the price pulled back to the support zone. 🧠From a structural point of view, after we break through the short defense point at the weekly level, it means that we will continue to challenge historical highs with a high probability. Maybe we don’t need to enter the daily level adjustment. ➡️Of course, if we enter the daily level adjustment range, we will buy again.✔️ Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
2
📊#ETH bulls’ goals unfulfilled☕️🙏💥In the end, we obtained effective support near the support area, and formed a smiling face bullish structure here. Our long orders under this structure successfully captured 800%+ profits. Congratulations to the friends who followed Wolf King to print money.💰🚀🌕🥳 🧠At present, we have encountered heavy resistance near the short defense point at the weekly level, but it does not have much impact on the larger trend direction, and we still have the opportunity to go higher.📈 Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
1
📊#ETH next structural evolution ideas🧠➡️We entered the correction phase after completing the daily and weekly level targets, which is very reasonable. The ETH spot we bought in the 12-hour buying zone also successfully broke through the weekly level short defense point of 3580. Choose to lock in more than 80% of the profits.✔️ 🧠The following structural evolution ideas: ➡️If we start to rebound in the support area and form a new long structure, then we can use this structure as a support force to continue rising, and even breaking through the historical highs is possible, because the weekly level short structure is destroyed. ➡️If we continue to fall below the support zone, then the most pessimistic scenario will occur. We will most likely go to the daily level buying zone, which will be regarded as the best buying zone. Let's see👀 ⚠️At the same time, don’t forget about risk management. 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
1
📊#ETH reaches the buying zone✔️🧠The structure of ETH will look clearer. The goals of the double top short structure have been fully achieved, so we stopped the decline in the buy zone, which makes perfect sense. ➡️Waiting patiently and trying are processes that must be experienced in trading. We don't know how the market will go, so we don't need to guess. We just need to look for the long structure in the buying zone and try it. ⚠️Only if we can accept failure calmly can we enjoy profits.💯 ⚠️At the same time, don’t forget about risk management.
Long
by wolf_king888
📊How will #ETH behave after the upgrade❓🤷‍♂️Unfortunately yesterday, we failed to successfully break through the resistance zone, so we placed a long order to lock in 50% of the profit near the resistance zone, and then continued to look forward to a breakthrough in a low-risk manner.🙏 🧠From a graphic point of view, a rising wedge is also formed here. Both rising and falling are possible, so it is quite contradictory. ➡️If we are able to successfully break out of the resistance area, a move back into this area would be a good time to buy. ➡️If we follow the rising wedge downwards, then when the price returns to the daily buy zone and around 3580, this is also considered a suitable buy zone. Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
by wolf_king888
2
📊#ETH is still expected to rise📈➡️In the last post, we made a long order based on the structure of an ascending triangle. After reaching TP1, we locked in 50% of the profit. In the end, the market did not continue to rise as expected, but chose to fall to obtain liquidity, although some Sorry, but that's how trading goes.🤷‍♂️ 🧠At present, we have reached the vicinity of the periodic resistance. If we are rejected here, then the callback to the weekly level buying zone will be a bullish area worthy of our attention. If it directly breaks through the periodic resistance zone, then the resistance zone will turn into support. A pullback into this area would be a buying area worthy of our attention.✔️ Let's see👀 🤜If you like my analysis, please like 💖and share it💬 💕 Follow me so you don't miss out on any signals and analyze 💯
Long
by wolf_king888
1
Do you believe that Ethereum - 1 ETH can cost $28k ?Here is our global vision of possible the Ethereum price movement in the coming years. On the chart, assumptions according to the Elliot wave analysis The current wave of growth is probably not over yet. But whether it will reach $3000 or $4800, we will be able to adjust it based on the move dynamics of the ETH price in the future. Then will be the correction, which will need to be calculated more accurately based on the maximum of the current growth wave, will be made. But roughly speaking, in 2024, the ETHUSD price should no longer fall below $2000-2500. Years have passed, and now we can say with certainty that Ethereum has the status of a stable "silver" in the crypto market. (all direct competitors from 2015-2017, such as LTC, DASH, BCH, etc. who were predicted to have this status in certain periods, have clearly deflated and failed to meet the expectations of crypto users) Therefore, it is no longer correct to dream of super growth for the price of ETHUSDT, but modest x10-x15 for a possible future 2-year growth cycle, why not?) What do you think about this wave analysis and are you ready to hold and sell your ETH in the range of $27000-28000 ?) Write in the comments _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
18