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Ethereum EIP-1559 "London Fork" UpdateEthreum has now entered into the accending channel now at the 3,100 price level. It is now rejecting the perfect middle/center of the channel, meaning the TA is working. RSI is overpriced therefore a pullback is normal. BTC has broken the 42,000 lvl and we saw a good run in the Alt space. Ethereum continues to burn 150-180 ETH per hour, bringing positive news, for the mid to long term. Now that we are in the ascending channel you can use it as your support and resistance. Pay attention to Bitcoin as it is still meaning runs and dumps in the crypto space. Smogster...
BITFINEX:ETHUSD
by Smogster
Ethereum EIP-1559 "London Fork"Ethereum is attempting to enter back into the acceding channel. Update made a positive move. Watch out for rejection from this level as we are Over Priced on the RSI and hitting the trend line. Eth was able to break the 2,500 Lvl unlike BTC having trouble taking 42,000. We really want BTC to break 42,000 and hold to see good gains in ETH and Alts. This update will bring ETH to an all-time high in the mid to long term. Due to Eth burns and cheaper gas fees. Shorter-term anything is possible if we have a dip, btd. Smogster...
BITFINEX:ETHUSD
by Smogster
ETH Time to ShineBased on the long wick on the bottom of the current candle, ETH has tremendous buying pressure below the now broken resistance of $2600. A quick look at BTC and its consolidation below its resistance gives ETH a golden opportunity to make stronger moves. When BTC finally ends its bull flag formation it singlehandedly will bring all altcoins up with it, it is a win-win situation for Ethereum. A strong close above the channel will be even more signal for bulls to rally. Wait for daily close.
Long
by YourImagination
4H BTCUSDT long setup; C-fork trendline retest before bull cont.TA explained C-Fork long setup for BTC. Waiting for the pullback of the broken descending trendline to get the trade activated. Entry range is covering Fib 0.382 to 0.786 levels, so we can expect at least the upper entry to get hit. SL is placed below the latest low. If prices reaches there again, the new local upward trend (HH --> HL) would be invalidated. The target to aim for based on the C-Fork setup is the FIB 0.618 level so we took it as second target. Trade setup Best entries: 36051 - 38576 TP1: 43361 TP2: 46984 TP3: 49996 SL: 33950 RR: 3.75 Max leverage: 2x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
BTCUSDT 4H long setup; C-Fork swing setup for BitcoinTA explained C-Fork long setup for BTC. Price made a huge drop two weeks ago after which a bounce happened followed by some consolidation. First trendline was broken and after that a higher low was created. Second top was created which serves as the connection point for the fork line of the C-Fork. After the rejection a new higher low was formed followed by a breakout of the trendline. Now the C-Fork structure is completed. The target to aim for based on the C-Fork setup is the FIB 0.618 level so we took it as second target. Trade setup Best entries: 36000 - 37180 TP1: 43361 TP2: 46984 TP3: 51855 SL: 32551 RR: 4.54 Max leverage: 2x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
NZDUSD - H1 - Wait for Pull backHey traders, Please Support this Idea with LIKE if it is Useful.... NZDUSD There is 2 scenario for this symbol: 1-Price is pulling back to middle line of fork and then it will grow up to Top line of Fork. 2-Price is breaking out the middle line of fork and then will pull back and then fall (Base on Hidden Divergence). The best thing to do is to wait and see the price reaction and then get a Position. I hope this analysis be useful and we can get a profit from it. Good luck!
by GOD_FOREX
QLCBTC created a double bottom 🦐QLCBTC created a double bottom and c-fork. The price is trying to have a new breakout upwards. IF the price will have a breakout from descending daily trendline, and daily resistance and flip into daily support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
QLong
by InkyGrip
4
Bitcoin's 'Hard Forks'This is a thread looking to tell the story of Bitcoin's swings with Modified Schiff Pitchforks (aka 'Hard Forks' because they are tricky to understand and explain for TA beginners). This is a bit of fun, but there is some serious TA in there as well. These tools are legit and I recommend spending some time learning geometry techniques like these, or not... whatever you like. I'm looking for price to break above the median line (ML), but a conservative target is a re-rest of the ML. Should we break below the lower median line parallel, I might have to reconsider the options in the very short term.
BITSTAMP:BTCUSDLong
by chris_bailey