ETHEREUM → Readiness for realization ↑ Target 3300 BINANCE:ETHUSD ETH is consolidating in front of strong resistance. Bulls do not let the price down beyond 0.5 fibo. amid Friday's news, the cryptocurrency market is reviving and ETH has high chances to pass through 2800.
A false breakout of the resistance of the range is formed, but instead of falling, the coin is consolidating, which is generally one of the pre-breakout nuances. Technically, it would be an ideal condition for me to wait for a prolonged consolidation near 2780-2800 followed by a price advance towards the zone with a breakout target. The liquidation that took place earlier rid the market of an unnecessary part of speculators, after which the whales went into an active accumulation phase, now ETH shows positive preconditions of readiness to go to the intermediate high and resistance of the global range.
Support levels: 2717, 0.5 fibo
Resistance levels: 2780, 2817
The market is bullish, as evidenced by some indicators, technical indicators on the chart, as well as the fundamental background. Accordingly, in the mid-term I expect the price to come out of the consolidation 2780 - 2550 and most likely this exit will be accompanied by a breakout of resistance and growth to 3300.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;)
Regards R. Linda!
J-ETH
Don't rush Ethereum is still bearishEthereum has broken a flip range to the bottom and is now pulling back towards this area.
Also, Ethereum's structure is bearish in large timeframes.
We are looking for sell/short positions in the POI range.
The targets are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETH - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ETH has been overall bullish, trading inside the flat rising channel in orange.
Moreover, ETH is approaching a massive round number $2500.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the $2500 and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Aug 25Overview: The FRED:SP500 closed Monday with a red candle, erasing last week’s Friday gains. Durable goods orders were reported today, showing the highest increase since July 2020. This indicator reflects the amount of new orders placed with manufacturers for durable goods expected to last at least three years, such as automobiles, appliances, electronics, and machinery. An increase in durable goods orders typically signals business confidence and a willingness to invest in long-term assets. However, this rise was driven mainly by automobile purchases; excluding cars, the figure was down 0.2%.
Global liquidity has been increasing for the past 60 days. The last time we saw such a sustained rise was from the end of October 2023 to mid-January 2024, which marked the start of the current bull market. This is a bullish signal.
W: The BINANCE:BTCUSD price has reached the lower bound of the current range, 63k-64k.
D: Monday closed with a red candle. The lack of a lower wick is concerning, suggesting that bears pushed the price down throughout the day without giving bulls a chance to buy back. It closed slightly below the W level of 63k, at 62.8k.
4h: The price is at the bottom of the Bollinger Bands (BB). A rebound is needed, but it’s not happening yet. The price is trading below the W level. While this isn’t a significant issue for the W candle, it’s crucial for the 4h to stay above 63.1k.
1h: The RSI has touched the oversold level of 30. This is a bullish signal.
Alts Relative to BTC: There’s no significant divergence. Some altcoins corrected less ( BINANCE:SOLUSD , BINANCE:NEARUSD ) while others corrected more ( BINANCE:SUIUSD , BINANCE:FTMUSD ), but in the early hours of Tuesday, almost all have recovered to their highs after the recent pump.
Bull Case: This isn’t a bull trap, and we’ll see a climb on low trading volume. Whales might hold on, waiting for interest rate cuts, or they could start selling just before the cuts.
Bear Case: This is a bull trap unfolding, with fewer bulls willing to hold this price level.
Fear and Greed Index: 53.61. This is a 'no trade' zone if you prefer to buy low and sell high with the highest conviction.
Prediction: Undecided.
Opportunities:
BINANCE:AAVEUSD : At W level $128. Bullish.
BINANCE:MKRUSD and BINANCE:UNIUSD : Both are holding strong W levels that predate BTC ETF demand. Bullish.
BINANCE:TAOUSD : Drawing a MACD divergence on D and 1h, with the W level of $361 being rejected for the third time. Bearish.
Crypto At A Crossroads: Is This Time Different?In this analysis we're going to take a look at TOTAL3, which is the total marketcap of crypto excluding BTC and ETH. In other words, all 'smaller' altcoins.
As seen on the chart, the altcoin market has been in a dire state since the start of April, almost 5 months at this point.
For now, the bearish channel pattern stays intact. I'm anticipating some kind of breakout in the near future, we simply can't trade within this pattern forever.
Looking at recent history, the bears have the short-term overhand since we rejected the top resistance yet again. However, once a support/resistance is used too many times the market anticipates it and will trade against it. This means that bulls might wait for investors to short in huge numbers and start to buy and cause a minor short-squeeze.
Personally, I'm leaning bullish. Alts have gotten a severe beating over the months and are currently looking quite attractive, especially with BTC trading around 63k and a very high BTC Dominance.
For now, we're in a grey area. Wait until this pattern breaks for long-term entries.
Aug 24Overview:
As we begin the last week of August, we might be heading into a very turbulent period. On one hand, BINANCE:BTCUSD hasn't even broken its previous bull run's all-time high when adjusted for inflation. Neither the halving nor ETF demand was enough to push crypto higher, and now we have some altcoins like BINANCE:AVAXUSD trading 30% below their January 11th BTC ETF levels. On the other hand, the FED is finally planning to cut rates on September 18th, which could potentially loosen the printing press. Remember when it was going "BRRRR"? Well, it technically never stopped—just in the form of government spending. Unfortunately, that windfall doesn’t seem to reach speculative assets.
Congratulations on last week’s gains, with some coins such as COINBASE:ARBUSD , BINANCE:MATICUSD and BINANCE:AVAXUSD posting +30% gains. If you bought the dip, this is a great moment to take some profits, or at least move your SL higher.
This Sunday was the first in four weeks that didn't post a red candle, as we noted in a previous letter. But it wasn’t very green either, closing with a 0.11% doji. The red candle was merely postponed to Monday morning.
The U.S. Employment Report on Friday, September 7 at 8:30 am is crucial because it will provide key insights into how the recent interest rate hikes are affecting the labor market, particularly regarding rising unemployment and jobless claims. As the Federal Reserve continues its tightening policy, this report could signal whether the economy is heading toward a slowdown, which would influence future monetary policy decisions.
Quick note regarding BINANCE:TONUSD On August 20th, we mentioned that it "finished drawing its 'Motive' part of Elliott's wave pattern. In about 40 hours, it might finish drawing the B wave, presenting a short opportunity that will last throughout the C wave down." Unfortunately, the market witnessed the C wave not because of Elliott's wave but due to Pavel Durov being arrested by French police the moment his plane landed. TON crashed that day by 18.40%. Although Pavel isn’t the founder of TON, he is closely affiliated with it.
W: Reached BB MA. If bulls can hold the $63.1k level, there’s a chance for a 4th wave to $70k.
D: Held the important bullish W level of $64k. It’s better to have that buffer between $63k and $ 64k for bulls to regroup and go on the offense again. Currently at the upper bound of BB. If the next W level of $63.1k doesn’t hold and it corrects to BB MA, it will hit the D level of $61.8k.
4h: Losing the $ 64k level early Monday morning in the U.S.
1h: MACD divergence yesterday, on the 25th at 8 pm NYC time. We are now seeing the result of that divergence.
Alts Relative to BTC: Altcoins didn’t hold as well as BTC over the weekend, correcting from the heights of the pump: BINANCE:UNIUSD 10% BINANCE:SUIUSD 9.56% BINANCE:NEARUSD 8.25%
Bull Case: BTC holds W levels and continues pumping with new strength toward $68.2k.
Bear Case: This was a classic bull trap—one last breath, one last wave, one last pump before a free fall toward $52.2k.
Fear and Greed Index: 56.2. We’ve been bouncing in the Neutral zone since May 19th with occasional and insignificant peaks into the Greed territory. However, even this chart has been drawing lower highs and lower lows.
Prediction: BINANCE:BTCUSD corrects to $61.7k
Opportunities, at W, 4h Divergences of Major Alts:
Since BINANCE:NEARUSD broke through its W resistance of $4.38 during the recent pump, it’s very likely to return to that level, which should at least become new support. This presents an 8.62% short opportunity.
BINANCE:SUIUSD has drawn a MACD bearish divergence on the D timeframe and has also just hit its W resistance level of $1. TP at $0.85, which is 10.00% away.
BINANCE:TAOUSD reached its upper W resistance. Correction to D level $304 could produce a 12.51% return.
BINANCE:FTMUSD is at its resistance level. There’s an opportunity to make 17% by shorting to its next W level of $0.40.
R/R 1.7📊Analysis by AhmadArz:
1. Range 📉:
- The price has been fluctuating between support and resistance levels. After breaking out of this range, the trader enters the trade.
2. Entry Point 🚀:
- The entry point is at 2742.55 USDT. The trader initiates a buy position after the price breaks above a key level.
3. Take Profit 🎯:
- The target profit is set at 2786.71 USDT. The trader expects the price to reach this level and close the trade with a profit.
4. Stop Loss 🛑:
- The stop loss is placed at 2721.97 USDT. If the price falls to this level, the trade will be closed with a loss.
🔹 Summary: The trader is using a breakout strategy, expecting the price to rise, and has set clear entry, exit, and stop-loss levels for the trade.
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
ETH Accumulating possible breakout (Very Bullish) Ethereum is still in the liquidity zone, but there is good news, first of all is that it has stayed in that zone for several days accumulating. Second, ETH has shown a lot of strength over the last 3 days, reaching up to $3,700. And the best part, as you may have seen in my Bitcoin analysis, is that the price is close to making a strong bullish move. This suggests that ETH and other coins will also gain strength and move in a bullish direction.
The key for Ethereum is to wait for it to break out of this downward channel. I believe it has been following a bearish sequence for a long time, but these last few days have been very positive as Bitcoin starts to gain momentum, and we are also seeing ETH begin to gather volume and buying pressure.
We will be keeping a close eye on the market in the coming days.
Thank you for following and supporting my analysis; we have been predicting every price movement according to a positive forecast.
Best regards.
Point to break out of short-term downtrend channel (2851.75)
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-------------------------------------
(ETHUSDT 1D chart)
The key is whether the price can rise above 2851.75 to break out of the short-term downtrend channel.
-
Currently, it has risen above the M-Signal indicator on the 1M chart.
Therefore, from a long-term perspective, it is possible that the uptrend will continue.
However, in order for a full-scale uptrend to begin, the M-Signal on the 1D chart > M-Signal on the 1W chart > M-Signal on the 1M chart must be in that state.
Therefore, we need to see if it can maintain the price by rising above the M-Signal indicator on the 1W chart after the volatility period around September 8th.
-
Since the StochRSI indicator is currently in the overbought zone, it is important at what point it finds support when the StochRSI indicator falls from the overbought zone and becomes StochRSI < StochRSI EMA.
Therefore, if it fails to rise above 2851.75 and falls, it is important to see if it can find support around 2621.99-2700.43.
If it finds support around 2621.99-2700.43 and switches to the state of StochRSI > StochRSI EMA, it is expected to lead to an attempt to rise above 2851.75.
-
If the M-Signal indicator of the 1W chart rises above, the HA-High indicator (3265.00) of the 1W chart and the HA-High indicator (3321.30) of the 1M chart are likely to be the first resistance zones.
-
The volatility period on the BTCUSDT chart is around September 13.
However, the volatility period on the ETHUSDT chart is expected to start around September 8.
Therefore, the key is whether it can escape the short-term downtrend channel after September 8.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin after rising above 29K.
The area expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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ETH-USDT 1D Interval ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, taking into account the interval of one day. As we can see, the price is moving along a locally formed upward trend line.
Currently, we can see how the price approached the resistance level at $2,843, then resistance at $3,010, then resistance at $3,251, and then very strong resistance at $3,569.
Looking the other way, support is visible at $2,550, the next support is at $2,383 and then there is support at $2,112.
BRIEFING Week #34: Crazy Monthly CandleHere's your weekly update ! Brought to you each weekend with years of track-record history..
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NOTUSDT & TON total delistingThe telegram director was arrested in France. Its service will be closed all over the world and crypto projects will be subject to delisting from exchanges as they pose a threat of losses to users. Their price will only go down without knowing the limit. Good luck to everyone and beware of TON-based scam projects.
ETHEREUM RESISTANCE AHEAD|SHORT|
✅ETHEREUM is set to retest a
Strong resistance level above at 2900$
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 2700$
SHORT🔥
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Stocks and BTCBTC is analysed from price 0, 12 Jan 2009. Aggregate of stock markets (IWM, SPX and IXIC) are analysed from 2009's crash. Both asset classes are normalised to gold.
Using the Elliot Wave Theory on the long-run movement of BTC and Equities the following has been determined:
1. BTC has converged to the stock market's movements
2. Equities and Cryptos have passed the Wave 5, currently finishing the Wave B corrective movement.
BTC - Daily Bullish MomentumBINANCE:BTCUSDT has seen a bullish momentum recently, largely supported by a dovish outlook from the Federal Reserve. The Fed is now expected to implement further rate cuts by the end of 2024, which has softened the U.S. Dollar and, in turn, boosted BTC and gold prices. In addition, geopolitical uncertainties, such as the attempted assassination of a political figure, have driven safe-haven assets like gold and Bitcoin to new highs.
Technically, COINBASE:BTCUSD is currently trading within a bullish expanding triangle pattern, a structure often associated with further upside potential. Given the current price action and the liquidity above $60K, there’s a strong case for BTC to revisit the resistance zone and potentially break to new highs. However, it’s essential to monitor the price action around key levels to confirm this bullish scenario.
The combination of favorable macroeconomic conditions and supportive technical indicators suggests that CME:BTC1! could see continued growth in the near term.
Aug 23Overview:
Wow, what a 24 hours it has been. At one point, BINANCE:SUIUSD was up 21.6%. Yesterday, we mentioned that "some long positions can be taken with a properly tight SL" once a new trading range was established. On August 21st, we wrote, " BINANCE:ARUSD , BINANCE:APTUSD , BINANCE:TAOUSD showed better price action in the last couple of days. They will likely continue trading higher next week, as BTC stays within its range."
But let's break it down step by step. VANTAGE:SP500 posted a green candle, closing the week on a positive note. However, that candle was within the shadow of yesterday’s red candle, making it neutral rather than bullish.
Additionally, Jerome Powell’s speech at Jackson Hole wasn't particularly dovish. It was seen as a signal that the Federal Reserve is prepared to maintain a restrictive stance on monetary policy to ensure inflation is brought under control, even if that means keeping interest rates higher for longer than the markets might prefer.
BTC saw a massive $252 million in ETF flows from tradfi investors. And what did early Grayscale Trust adopters do? They sold $35.6 million worth of it. We’re left wondering how much of that $35.6 million was clients simply converting expensive GBTC into cheaper BTC fund, or if they sold for good. Unfortunately, even on-chain analytics won’t reveal that.
ETH ETF? No chance... Tradfi investors don’t seem to grasp smart contracts. They sold $5.7 million worth, even during a significant BTC rally.
Whales and other professional market actors are well aware that September is historically volatile and often brutal. Will they start selling and closing their positions in the last week of August, or will they wait until the first or second week of September, right before the expected interest rate cut? The big question is, do you want your portfolio to end up in a meat grinder?
W: Yesterday’s BINANCE:BTCUSD wick went higher than the BB MA, but after a pullback, it settled nicely right at the precisely drawn W level of $64k. If bulls can keep it above the $63k level, we can start talking about a new bullish sentiment, but as of now, we are still in a bear market. No divergence.
D: The $61.8 level was taken by bulls six times, and on the seventh attempt, they gathered enough strength. BTC rebounded after a crash, forming a nice bullish pennant. However, it has now reached the upper bound of the Bollinger Bands. Definitely not a time to go long—keep an eye on MACD or CVD divergences.
4h: RSI is above 70, but no MACD divergence yet.
1h: No divergences.
Alts Relative to BTC: If BTC grew by 6%, BINANCE:APTUSD is up 9%, COINBASE:RNDRUSD is up 10%, BINANCE:NEARUSD is up 12%, and BINANCE:SUIUSD is up 20%. Is SUI gearing up to be 3rd favorite smart contract platform after SOL? Will be looking closely. Some of these started to rally 2-3 days ago.
BINANCE:ETHUSD and BINANCE:SOLUSD performance was more underwhelming, posting only 5.4% and 7%, respectively. Are they so beaten up that fewer people want to touch them? Where’s the ETF crowd? Leave your thoughts in the comments.
Bull Case: Bulls are able to hold the important W level in anticipation of rate cuts. Reaching that level has already happened; now it’s just a matter of staying there. If Panama, Brazil, and Paraguay announce Bitcoin as legal tender, following in the footsteps of El Salvador and the Central African Republic, this could fuel further bullish sentiment.
Bear Case: The trend continues without a reversal. The Fed doesn’t cut rates quickly enough, and corporate earnings reveal weakness in consumer spending. Whales and insiders start selling and shorting in late September, causing the market to drop in October—a month historically tough for crypto (cough, cough... FTX).
2013: After a strong first half, Bitcoin saw a correction in September before resuming its rally towards the end of the year.
2017: Bitcoin experienced a notable dip in September, partly due to regulatory concerns in China. However, this was followed by a rapid recovery and an all-time high in December.
2021: After strong growth earlier in the year, September saw a decline due to regulatory fears and macroeconomic factors, although the market rebounded in Q4.
Fear and Greed Index: 55.87. Remember—you only buy in 'Fear' territory, which is below 40.
Prediction: We might see some altcoins grow a bit more, but overall, BTC is likely to post a Doji candle next week.
Opportunities: On W and 4h charts, we continue to see many major altcoins in the RSI danger zone. Wait for Saturday’s price action and potential divergences to prepare for a Sunday sell-off.
TIAUSDT Soars to New Heights, Hitting All Targets at 5.900!TIAUSDT has experienced a remarkable rally, reaching all set targets and surging to a price of 5.900. This bullish movement reflects strong market demand and positive sentiment among traders. The coin broke through multiple resistance levels, confirming the strength of its upward trend. Several technical indicators, including moving averages and RSI, signaled bullish momentum. The rally has attracted increased buying interest, pushing the price to new highs. Investors are now eyeing the next potential moves as TIAUSDT establishes itself at this elevated level.
Ethereum (ETH) Consolidation Continues, Potential Breakout AheadCurrent Situation:
Ethereum's daily chart remains unchanged as the price consolidates within its current range. The longer this consolidation continues, the larger the anticipated breakout could be.
Trade Position:
Currently positioned long on ETH, but traders should be cautious of a potential stop-hunt that might trigger a flush to the downside before the significant move occurs.
Key Level to Watch:
Support Level: $2,350 – This is the critical area to monitor if a downside flush happens.
Stay vigilant and prepared for potential volatility as the consolidation phase unfolds.
#Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #Consolidation #SupportAndResistance #Breakout #Volatility