Ethereum has a strong bearish momentum, could it fall further?Price is rising towards the pivot and could potentially fall from this level to the overlap support.
Pivot: 3,522.8
1st Support: 3,414.3
1st Resistance: 3,621.6
Risk Warning:
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.
J-ETH
CryptoCap - ETH / Ethereum - Idea II - Triangle PlayHey guys,
yearly chart: bullish setup with targets around 435 and 577. (recent ATHs on closing base and by wick )
Quarterly: After a strong Q1 gain we see a trading back below 435 printing an inside bar... : bearish setup at a strong resistance level. Range of this quarter will be monitored closely on the 3D chart.
Monthly: 4 Months of weakness - with the last one not being able to reach the highs of the range.
-> Stochastic is turning down after forming a double top
-> Bullish trendline is still intact. It seems to be the last support before the lower high scenario will be in play. - alternatively looking at the triangle: waiting for a break of this structure and a retest
3D: very interesting. we see a consolidation of course - but there might be a fractal in play if you compare the 3D to the monthly chart.
However, I am seeing a bearish setup with an invalidation above 435. - keeping in mind that the yearly is still pointing up so we could easily be going just up from here.
thanks for reading…
Alikze »» YGG | Ready to break the PRZ !In 12H time, it is moving in an ascending channel, which has had three reactions to the dynamic trigger or the bottom of the channel so far.
💎 Therefore, this trigger or ascending channel can be considered valid. However, it has had two negative reactions at the ceiling of the channel in the resistance range, which has not been able to stabilize above this channel, which has led to two fake breaks and has faced supply and selling pressure.
💎 Finally, it formed a double ceiling in the ceiling of the channel, after which it encountered a zigzag correction and reacted positively to the trigger in the green box range.
💎 The first scenario: but it is currently in the PRZ1 range, if it can stabilize above it, it can rise to the PRZ2 area, which also has an FVG gap.
💎 Alternative scenario: But if this area does not have the ability, the alternative scenario is to retest the channel floor, and if it is lost, it can continue to the next node of the green box area.
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Ethereum is currently testing a support levelEthereum is currently testing a support level. It is crucial that this support holds to maintain the bullish outlook. The $3,800 level is a significant resistance level and a breakout above this level could signal further upward movement. Investors should monitor Ethereum closely to see if it maintains its support. A move above $3,800 could be a positive indicator for further gains.
ETH Ethereum Price TargetIf you haven't sold at the peak of ETH or entered during the buying opportunity:
Now I believe Ethereum is likely to consolidate within the range defined by its 200-day and 50-day moving averages in the coming period. This consolidation phase suggests that Ethereum's price action will oscillate between these key technical levels, potentially indicating a period of indecision or equilibrium in the market.
Looking ahead, my expectation is for Ethereum to experience a retracement towards the 3150 level. This retracement could serve as a healthy correction following recent price movements. Subsequently, I anticipate Ethereum to gather momentum and embark on a potential upward movement towards the 3800 mark.
This outlook reflects a cautious yet optimistic stance on Ethereum's price trajectory, taking into account both technical analysis and broader market dynamics.
ETH Thoughts for Long Term Purchase EntryI've been watching this market unfold carefully and have been sitting in the sidelines in cash since $2800. The parallels to basically every bull trap post-bubble in all of crypto looks dead on to where we are at with the market.
Not to mention overwhelming "to the moon" sentiment in all the ETH/Crypto subreddits.
We still have yet to hit true capitulation and certainly not despair yet during this cycle. All the talk of super cycle / setting new highs sounds like peak euphoria/denial/NEW PARADIGM and thus I'm taking the trade against the herd.
I'm going to begin entries at $1800, and will begin to DCA the rest of my position in as we poke around down in those lows. Purple is my buy zone in my chart, and I'm happy to buy anywhere in that region for a LONG TERM play. I'm looking to accumulate as much ETH as possible as I'm very bullish on it's future, and once my entries are in, all that coin will end up going into a self run staking node.
If it goes below $1000, will really load the boat hard.
ETH/BTC ratio signalizes 'Alt Season' soonMany see this ETH/BTC price ratio as the ignition for the Alt Season
Price is flerting with a long multi-year resistence, since 2021! A strong break out here will signal the so waited Alt Season, but first there must be a retest of the lowest purple line, the Beam Band bottom line
Also here, we are still waiting for a local bottom blue tag from Hodlfire indicator
As another indicator to watch is the bottom panel indicator, the Detornator C, as it is still red, almost crossing the zero line
So... 3 points of confirmation of Alt Season:
1- Retest of bottom Beam Band line
2- Hodlfire buy tag
3- Detonator C above zero line
What is interesting here, is that the upper Beam Band coincides with the target of the Cup & Handle formation when ETH/BTC price will reach a staggering 0.735 ETH for each BTC! If this ratio would be today, ETH price would be 45k!
Time will tell!
Alikze »» SOL |Corrective leg C scenario🔍 Technical analysis: Corrective leg C scenario
- In the weekly time frame, wave 5 continued up to the 2.618 Fibo area.
-After that, it entered a combined cycle correction. According to the selling pressure candle in the supply area in time 1W, it can be considered that the upward corrective wave B has ended.
- In the analysis of the previous post, the details of the corrections in the weekly time frame have been reviewed.
- After the instability above the PRZ zone, the correction extended to the green box and the size of the Fibo 1.618 of the previous wave.
Due to the completion of the short-term structural reform, this demand can extend to the supply area after retesting the areas.
Therefore, any upward correction will continue until it breaks the supply zone and can retest the second green box of the liquidity zone.
- If this correction ends flat or if wave C is completed higher than wave A, the correction process can end.
- Otherwise, the minimum correction will continue up to the $100 range.
💎 Possible scenario: we should witness an upward correction, and if the supply zone does not break, after that, it should be faced with selling pressure, which can extend and stretch the correction leg C to the $100 range.
💎 In addition, if the supply area of break and above stabilizes, the bearish scenario ends and needs to be re-examined and updated.
🛑 Resistances: 150 - 163 - 175
🟩 Support: 100-113-125
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ETH/USDT 1d chartHello everyone, here's a quick review of the situation on ETH in pair with USDT on a one-day time frame. as you can see, we are moving in a triangle.
To determine support zones, we will use the Fib Retracement grid, thanks to which we have a visible zone from $3,254 to $3,056, but when the price breaks out of it, we still have support at $2,819.
looking the other way, we will define the resistances in a similar way and here we can see the first resistance at the price of $3,526, then the second one at $3,695, and then we have a strong resistance zone from $3,814 to $3,972.
Alikze »» BCH | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- It is moving in a medium-term ascending channel.
- But now, due to the structural correction, it is moving in a short-term downward channel.
- Currently, due to the breakdown of the structure and the downward slope, as well as the movement in a short-term downward channel, it can continue with the pullback to the broken structure and the supply zone to the origin of the correction movement.
- Therefore, it can continue the correction with a retest up to the ceiling of the short-term descending channel and the supply area and complete the last leg up to the 250 range by breaking the major ceiling.
💎 Alternative scenario: if it can break the supply zone, the first target will be the $500 range, which can be considered as a pullback to the major ceiling.
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ETH Long Trade SetupMarket Context:
ETH has shown strong performance against BTC, attempting to break a significant monthly downtrend on the ETH/BTC chart. This potential breakout could lead to a substantial bullish move for ETH. Against USD, ETH is at a major resistance band around $3,500. A break above this level could attract more bullish interest. Key support levels to watch for ETH are $3,380, $3,330, and $3,250.
Trade Setup:
Entry: Enter a trade at the current resistance band around $3,500 or on a pullback to key support levels ($3,380, $3,330, and $3,250) if the resistance breaks.
Take Profit: Set profit targets at $3,700, $4,100, and $4,350.
Stop Loss: Place the stop loss just below the key support at $3,250 to manage potential downside risk.
📊 Monitor the ETH/BTC chart and USD levels closely, and adjust your strategy accordingly! #ETH #CryptoTrading #BreakoutStrategy 🎯
Ethereum Waiting For A Great EntryAs seen on the chart, ETH has been trading alongside two strong bullish supports over the course of the last two years.
Personally, I'm waiting for a better entry before considering a near-term long swing entry, trade is on the chart.
These supports have historically held strong, so chances are that they will continue to do so. Keeping the TP close to reduce risk.
A riskier bet would be to put the TP at 5.000, higher risk and also higher reward.
EOS (EOS): Looking For Rejection And Movement To Lower ZonesEOS is looking sweet after forming 2 double bottom zones and getting rejected by that neckline/resistance zone, which now has pushed the price back to lower zones.
We are looking for steady and steep pressure from sellers from now on, which would result in a movement to the zone of liquidity and a break of that zone there as well!
Swallow Team
$ETH is weakening against $BTC in LTF?#eth / #btc pair rallied in last 2 months period and needs to rest i think. A bearish divergence is formed in #ethereum against #bitcoin chart. Retrace to red box is necessary. Breaking up the channel with huge volume is the invalidation of divergence. Not financial advice.
DOGE Massive Move Incoming? Pump To 2$!Disclaimer: this analysis is based on two previous occurrences in a vastly different macro market and solely based on time. Although it's not likely that the analysis will play out exactly as shown, it's still a fun thought to consider.
In this analysis I want to shed some light on DOGE's previous price action and compare it to the current market. In the previous two bull-cycles, DOGE saw a +9,000% and a +30,000% between 38 and 34 months AFTER the previous top.
In February, where we can argue that DOGE's bull-cycle has started, we were at 33 months after the previous cycle top. Close enough!
If DOGE increases by a fraction of what it did in the previous two cycles, we can very easily argue that a 1$ or even a 2$ value per token is not too far-fetched.
Are you bullish on DOGE? Share your thoughts.
TECHNICAL ANALYISIS WITH TRADE PLAN ETH /USDT ON 1H TIMEFRAME BIAscending Channel:
The chart shows Ethereum moving within an ascending channel, which generally indicates a bullish trend. The price recently broke below the ascending channel, suggesting a potential correction.
Support and Resistance Levels:
Support levels are identified around 3,300 and 3,200 USDT.
Resistance levels are around 3,400 and 3,600 USDT.
Indicators:
VMC Cipher B Divergences: Mixed signals with some bearish and bullish divergences. The current state suggests a bearish divergence.
RSI (Relative Strength Index): Currently at 49.51, indicating a neutral position. No clear overbought or oversold condition.
Stochastic RSI: Shows an oversold condition with a value of 17.22, which might indicate a potential buying opportunity soon.
Trading Plan:
Intraday Trading:
Entry: Look for long positions if the price shows a strong support bounce around 3,300 USDT.
Exit: Target the first resistance level around 3,400 USDT.
Stop Loss: Place a stop loss slightly below the support level at 3,280 USDT.
Strategy: Monitor shorter time frames (e.g., 15-minute chart) for bullish candlestick patterns or momentum indicators turning positive before entering.
Scalping:
Entry: Enter long positions at support levels identified on the 5-minute chart, especially if there is a double bottom or strong reversal pattern.
Exit: Quick profits at minor resistance levels or key moving averages on the same chart.
Stop Loss: Tight stop loss just below the immediate support levels, such as 3,290 USDT.
Strategy: Use high-frequency trades to capitalize on small price movements, considering both support and resistance levels.
Swing Trading:
Entry: Consider entering long positions if the price bounces from 3,300 USDT support level, confirming a reversal.
Exit: Aim for the resistance level around 3,600 USDT.
Stop Loss: Place a stop loss around 3,200 USDT to protect against deeper corrections.
Strategy: Hold the position for a few days to a week, allowing the trade to develop. Use the daily chart to identify entry and exit points.
My advice:
Long Position: Favor long positions at current levels, given the oversold conditions on the Stochastic RSI and the presence of support around 3,300 USDT. Watch for a confirmed reversal signal before entering.
Short Position: Consider short positions if the price fails to hold the 3,300 USDT level and breaks lower, aiming for the next support at 3,200 USDT.
Risk Management: Always use stop losses to manage risk and protect capital. Adjust stop loss levels according to the volatility and trade timeframe.
Overall, the current technical setup suggests a cautious long bias, waiting for confirmation of support holding and potential reversal signals before entering trades.
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot which acts as a pullback resistance and could fall to the 1st support.
Pivot: 3,398.39
1st Support: 3,223.98
1st Resistance: 3,247.41
Risk Warning:
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.
Jun.19-Jun.25(ETH)Weekly market recapThe market fell further as we expected last week. During the economic data window, the market began to price in only one interest rate cut this year. This is not just for crypto market, but for all financial markets. This is likely to last until early July, before bulls come back and bring enthusiasm again. During this period, the PCE released this Friday will bring about a small rebound.
In addition, multiple BTC ETFs have experienced net outflows for several consecutive days, which is also a microcosm of the US market sentiment. After some asset management companies submitted S-1 documents for the ETH ETF, the market expected that the ETH ETF would be officially listed in early July, which would also bring about a small-level rebound.
Regardless, we are on the way to a rate cut, and the long-term trend for all types of financial assets must be upward.
ETH fell less than BTC. This may be related to the upcoming listing of ETF ETH. Yesterday's decline saw significant trading volume, but eventually a pin-bar formed. For ETH, the MBF indicator does not indicate bottom-buying sentiment. There is no obvious blue column representing whales on the TSB indicator. The ME indicator continues to maintain a bullish trend, but the wavy area gradually narrows.
To sum up, we believe that ETH is likely to remain fluctuating this week. 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.
(ETH) ethereumA made up idea here. The lines converge in the middle of july. If the price of Ethereum climbs towards that moment there is a good chance Ethereum crashes. If the price of Ethereum stays neutral or even declines leading to the middle of July there is a good chance the price of Ethereum rises. Mysterious.
The Olympics start at the end of July. . . . . . .
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:ETHUSDT
After this downward movement , price now it is close to the most important Fibonacci level, which after reaching it, the price can react.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!