Alikze »» FTM | Corrective wave 2 scenario🔍 Technical analysis: Corrective wave 2 scenario
According to the previous analysis, the phantom currency had an upward structure in the form of wave 3.
💎 In the daily and weekly time frame, this complex combination correction can be a response to the previous upward movement, which can be the confirmation of the wave 2 correction for the next super cycle.
- In the daily time frame, it has been moving in an ascending channel, which is currently out of the channel.
- An AB=CD pattern has had an ascending cycle within the channel.
- Now the complex corrections combined inside a triangle are placed in a density.
- By maintaining the current zone, it can have another attempt to trigger the dynamic range of Fibo 1.272 and the supply zone.
- If it can break the supply area, it can move up to the Fibo area of 1.618.
💎 In addition, if it does not have the ability to stabilize the upper supply range, this pullback to the ascending channel can be an alternative scenario to continue the correction.
💎 Alternative scenario : if the green box breaks down and the price range of 0.58 is broken, the correction can continue and extend up to the range of 0.39.
🛑 Resistance zone: Fibo range 1.272 and 0.8301 - 0.8545
🟩 Support range: 0.6090 - 0.6349
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J-ETH
A new season of market growthTo date, the market has come to another turning point, I think it's worth considering the situation. Under the pressure of the foreign exchange market, the volatility of the crypt decreased with consolidation at the half-year change near the key levels of 3500 on the ether and 60k on the cue ball. The cue ball opened the half-year above 60k, which is a powerful signal to support the market in the second half of the year. The cue ball is currently drawing a shadow on a new semi-annual and quarterly candle with the aim of retesting 50k. From the levels 53.5-52.5-51k, the probability of a complete reversal with a hike to perekhai still prevails. The higher the level from which the reversal begins, the higher the growth rate will be. The foreign exchange market also opened the half-year with signals of a powerful dollar drawdown, which is a strong supporting factor for the crypt. In an optimistic scenario, the current weekly candle will try to turn bullish on individual coins. The ether opened the half-year worse than the cue ball, which will lead to a continued decline in the dominance of the altos and with the growth of the cue ball, the probability of a rebound of the ether from 3750-4000 and 4500-4750 is still high. In case of a market reversal, starting today, the target for closing the weekly candle on the ether will be 3250 with a confident continuation of growth in the new week, in case of opening the week higher. In a negative scenario and a reversal of the monthly candle, we will see a rebound from 3250 and a new wave of growth after passing the middle of the month. The main support over the air is the 2500-2750 zone. Without entering it, the reversal will be the fastest.
Against the background of the general market pullback, very interesting points for topping up coins have formed. To date, I am still considering the most oversold ooki pros cvp epx for which the growth potential from current levels already reaches 300%. These coins are very volatile and can show the greatest growth when trying to reverse the market. In particular, epx and ooki have already shown volatility of 40-50% in a matter of hours.
VIB oax and for are stronger due to the presence of a pair to btc and greater liquidity, the potential for which reaches 150-200% from current levels. Df and troy, which are backed by quite large investors, also came to the heavily oversold zone. From the current levels, we can expect a wave of growth up to 70-100%.
After the current market reboot, a new increase in volatility can also be shown by fantokens, among which the most oversold is asr with a growth potential of up to $ 9-11. ATM acms with growth targets up to $4-6 also have slightly less potential.
Cryptos fall Cryptos take a nosedive after the report that Mt. Gox moved 47228 BTC from cold storage to anew address.
EASYMARKETS:ETHUSD CRYPTO:ETHUSD
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Alikze »» PEOPLE |Corrective structure in ascending channel🔍 Technical analysis: Corrective structure in ascending channel
- It is moving in an ascending channel in the daily time frame.
- At present, the supply area is faced with sales pressure.
- According to the downward momentum, it can have a pullback with a broken structure.
💎Possible scenario: Therefore, any attempt to the supply zone, if it does not break it upwards, can continue the downward path and touch the 0.04880 range first.
💎 Alternative scenario: In addition, if the region breaks the supply, it can grow to the next region.
🛑 Resistance range: 0.10986 - 0.12207
🟩 Support range: 0.03662 - 0.04272
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Matic longMatics long term structure is really strong and I am confident we have hit the low on this correction.
The shorter timeframes are suggesting a possible partial decline of the latest range just below the historical resistance at 75c. There is also the three valleys patter that has developed and confirmed.
Here you typically wait for a break and confirmation of 75c, however we've decided to partly enter the trade now, with the plan of adding above 75c if we break and confirm it as support.
The stop loss is placed below the secondary low and at the break of the shorter trend. You could make your stop loss looser if you wanted to trade the range low. If we get stopped out we will look for the opportunity to re-enter.
For this cycle my long term targets are:
1. $2.61
2. $3.62
3. $4.50
These are the targets for my spot hold, I wouldn't want to see the price break 60c for this play.
ETH - Next Bullish Impulse Soon?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish, trading above the rising trendline marked in blue.
Currently, ETH is undergoing a correction phase and approaching the lower orange and blue trendlines.
Moreover, it is retesting a strong support and demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and blue/orange trendlines acting as non-horizontal support.
📚 As per my trading style:
As #ETH is around 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
Crypto Bull Run (2024-25) | ARE YOU PANIC SELLING NOW?Is your coin 50%, 70% down?
Are you crying?
Are you panic selling now?
Remember the last bull run (2020-21)?
Whatever is happening in the market now, it happens during every bull run! So these are normal in the crypto market. Let me share an example of the last bull run 👇
During the last bull run (2020-21), #ETH price dumped around -70%, just before the start of bull run!
In just 30 days, #ETH dumped from $300 to $80 😹
At that time, 90% retails holder sold everything out of fear! They were thinking, Eth price will be ZERO! No bull run will come. Market Scam, Crypto Scam blah blah
After that the rest is history🚀🚀
ETH printed a bottom at $80. Then a big up rally started! Price pumped around +5560%.
$80 to $5000, ETH did +55x in 2020-21 bull run😎
Many will make the same mistake in this bull run (2024-25). Many coins are 70% down from your buying price! Think about those who sold eth at $80 in fear🙈
Even if not +55x pump like #ETH, every good projects will do minimum 10-20x from here Inshahallah
Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot which has been identified as a pullback support and could bounce from the level to the 1st resistance.
Pivot: 3,355.63
1st Support: 3,272.65
1st Resistance: 3,468.05
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Example of how to effectively use auxiliary indicatorsHello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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The StochRSI < 80, StochRSI > 20, OBV, -100, +100, RSI < 70, RSI > 30 indicators included in the HA-MS indicator are indicators that express the formulas of each basic indicator by modifying them.
These indicators can be intuitively confirmed by expressing each indicator on a price candle, and can be used as support and resistance points for detailed trading strategies.
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(1M chart)
The most frequently referenced RSI indicators have been added to be drawn on price candles as RSI < 70, RSI > 30 indicators.
Therefore, if the price is maintained above the 3014.05 point, it can be interpreted that the RSI indicator is in the overbought zone.
Therefore, the 3014.05 point corresponds to the support and resistance zone.
-
The +100, -100 indicators are indicators that express the CCI indicator.
The CCI indicator interprets the -100 to +100 range as a sideways range based on the 0 point.
If it rises above +100, it is interpreted that it has escaped the sideways range and formed an upward trend.
If it falls below -100, it is interpreted that it has formed a downward trend.
Therefore, if it rises above the 3762.29 point, it should be interpreted that it is highly likely to form an upward trend.
Therefore, if it rises above the +100 indicator point, you can conduct a breakout trade.
-
If you understand the concept of the above indicators, I think you can create a trading strategy with just these indicators.
-
The HA-High indicator is formed at the 3321.30 point, so the most basic standard is the 3321.30 point.
Therefore, you should set the 3321.30 point as the standard and use the support and resistance points of the above indicators to create a trading strategy that suits you.
The trading strategy may vary depending on your investment period, investment amount, average purchase price, etc.
Even so, the HA-High and HA-Low indicators can be the standard for the chart, so you should consider the location of these indicators.
-
(1W chart)
It is currently continuing to rise within the rising channel.
Therefore, the key is whether it can rise along the rising channel.
-
The 3265.0 point and the 3321.30 point are the HA-High indicator points of the 1W and 1M charts.
Therefore, the area around the 3265.0-3321.30 section can be seen as the standard for trading.
Therefore, if it falls below the 3265.0-3321.30 section, it is highly likely that it will fall further.
However, the 3014.05 point is the RSI < 70 indicator point of the 1M chart, so if the price is maintained above 3014.05, it is likely that it will continue to rise in the long term.
Therefore, if it falls below the 3265.0-3321.30 section, it is necessary to check whether there is support in the 3014.05-3136.41 section.
-
(1D chart)
Currently, the HA-High indicator of the 1D chart is formed at 3787.59.
Therefore, in order for a full-scale uptrend to begin, the price must be maintained above 3787.59.
-
The +100 indicator is formed at 3523.09.
Therefore, in the short term, it is highly likely that an uptrend will be formed if it rises above 3523.09.
If not, the movement is likely to continue in the sideways section of the CCI indicator.
-
As above, you should look at the charts in order of 1M, 1W, and 1D charts, interpret them comprehensively, and create and modify your trading strategy by considering your average purchase price or investment period.
Again, among the indicators on this chart, the most basic indicators for trading are the HA-High and HA-Low indicators.
To find out the basic trend, you can check the movement of the MS-Signal indicator.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
The real uptrend is expected to start 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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Jun.26-Jul.1(ETH)Weekly market recapThe PCE of May was better than the previous value, and the power of shorts has slowed down. This Friday will usher in important NFP. This will restart the medium-term trend. Many financial markets pulled back after rise in NFP in last month. Although we all know that the increase in NFP is likely to come from political needs and the increase in illegal immigration. Therefore, there is a divergence between it and the unemployment rate. However, with the market's full interpretation, we believe that as long as NFP is not significantly higher than expected, the market may ignore NFP and price a new round of interest rate cuts.
The SEC recently returned some applicants’ S-1 documents regarding ETH ETF and required them to submit documents again within July 8. ETH ETF is getting closer. The formal approval of the BTC ETF is after the U.S. stock market closes, so the ETH ETF may also be within this time point. Economic data aside, the ETH ETF will be key over the next 10 days.
Although Mt. Gox brought FUD, the BTC ETF has turned to net inflows for 5 consecutive days, which shows that institutions have reopened BTC.
ETH has remained fluctuation over the past week, as we expected. But the ETH ETF is about to be launched, and this cycle is still for ETH. The response from an indicator level is lackluster. There are no obvious whales on the WTA indicator, and trading volume has not increased. The ME indicator continues to fluctuate, causing the wavy area to further narrow.
In summary, we believe that ETH's performance this week may be stronger than BTC, but this depends on the time when the ETH ETF is listed. We maintain our original resistance level 4000 and support level 2800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ETHEREUM → Long-squeeze before the rally? To the MOON, to $4800?BINANCE:ETHUSDT continues the phase of correction, the character of which is consolidation. The goal is to gather potential before possible growth on the trend. The target is 4000-4800
The main focus is on ETH-ETF, which, according to rumors, may be allowed to trade on July 2-4. This will be another positive signal for the cryptocurrency community, as this fact may expand the underlying demand for cryptocurrencies and attract additional capital.
Fundamentally, ETH is seeing an increase in the number of active wallets, traders are actively buying call options with strike 4000 and expiration in September, Ethereum Foundation is not selling ETH now as it usually did close to market tops, which together gives positive signs.
The asset price is in a downward correction at the moment. The essence of this movement is the asset's consolidation before further strengthening.
Resistance levels: descending wedge line, 3678, 0.5 fibo
Support levels: 3200, trend line, 0.79 fibo
Technically, liquidation of buyers in the liquidity area formed behind the trend support is possible, long-squeeze may lead to a rally.
Regards R. Linda!
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NEW DOG Coins still have product market fit!LOL
Crazy as it sounds but yes they do.
Why? Because they still go up after all these years :)
#DOKEN is new Japanese inu coin on ETH
and definitely fills a need
after watching what a train wreck that is Soylana
Not saying ETH doesn't have jeets... it just feels ready for a shitcoin season on ethereum.
There has been much talk about the "The last inu" as in the one of the last breeds of Japanese to have a really strong Altcoin to be associated with that breed.
Is this the one?? IDK
But it is cheap and it is newly launched to still offer upside potential.
Unfortunately this is what crypto has become ...
Ultimately if a coin has structure
it offers opportunity
so we must at least take a look at it.
ETH: POTENTIAL BULL FLAG FORMATION!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is trading above the $3300 level which is quite a strong support. As you see in the chart, it is forming a bull flag-like structure in an 8-hour time frame and is currently, trading inside it. Once it breaks out from the bull flag we might see a good 30-40% rally to the upside.
Also, there is positive news that the SEC could approve spot Ethereum ETFs by July 4 so this definitely gives a good boost to ETH and Alts.
Entry range:- $3280-$3380
Targets:- $3900/$4200/$4600
Invalidation:- Close below $3250
What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
$MATIC may do something like this#polygon #matic price has been declined from the trend line zone and may have bearish retest to confirm the further correction phase. Small bounces are always necessary. Not financial advice.