Falling towards 50% Fibonacci support?ETH/USD is falling towards a support level which is a a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 3,814.42
Why we like it:
There is a pullback support level which lines up with the 50% Fibonacci retracement.
Stop loss: 3,779.23
Why we like it:
There is an overlap support level.
Take profit: 3,881.38
Why we like it:
There is a pullback resistance level.
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J-ETH
Bearish drop?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 3,967.17
1st Support: 3,716.68
1st Resistance: 4,130.13
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.
Alikze »» ORDI| Return PRZ zoneIn the analysis of the previous post, the alternative scenario occurred and it exited the ascending channel at the 12H time.
💎 But now a multiple compound correction has occurred as seen in the chart.
💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ area.
Therefore, two behavioral scenarios can be imagined for it in this range.
💎 First scenario: If it can break the current range upwards, it can grow to the specified areas of the next PRZs, which are important areas that can reverse the price.
💎 The second scenario or alternative scenario: But if a break cannot be made in this area and a candle closes above it, the second or alternative scenario will be the continuation of the correction to the next areas.
💎 In addition, if the neck line or the PRZ-1 area is touched, it can create an upward scenario that can re-enter the channel. I will update the post.
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Bitcoin Bull-Flag Breaking OutIn my most recent BTC analysis I talked about a pending break out of a bull-flag pattern. My previous design was not the one the market agreed upon, so had to redraw the bottom support.
As expected, the price is breaking out through the top resistance as we speak. Wait for the candle to close for confirmation.
My view is quite bullish, so I'm expecting this break out to lead to a new ATH in the coming weeks.
Bitcoin's LAST Hurdle: Short-Squeezing To New Highs!Bitcoin has shown that it's ready for a new all-time high by printing relatively big green candles over the last 3 days. However, the 73k-74k area remains an area of big resistance. Previous buyers are looking for an exit, whilst patient bears wait for the perfect short.
My best guess is that Bitcoin is going to trade around the purple area for a couple of days, flushing out over-leveraged bulls and bears. However, the break out that will follow will likely be violent.
With all the short-stops lying above the current all-time high, it's more than likely that the new all-time high break out will take us multiple percentages above the current ATH. I'm personally aiming at 80k within the first 1-2 days, potentially even 90k in the first week after the break out.
Be patient and dont trade small fake-outs.
Ethereum ETH weekly large head and shoulders pattern channelEthereum ETH weekly large head and shoulders pattern channel, head and shoulders pattern white line: June 2021 is the left shoulder, June 2022 is the head and shoulders, and the right shoulder is expected to appear in 2024. It can be formed by falling back and stepping back to the price near June 2021. Pink channel line: It is the top price resistance line above the long line and also the short-term support line. The green channel line is the bottom price of the decline. There are three color lines. If any color line fails, the other two lines will be valid. It mainly depends on the direction of the white line, and the pink and green channels are auxiliary.
NEUTRON $NTRN local Double bottomAfter a healthy correction of around -70%
(totally normal for a S coin)
we have technical basis for a recovery rally
A double bottom with bullish RSI divergence
A down trendline break
With a general altcoin rally I expect this to be trading back in the 1 dollar plus area soon enough.
#BITCOIN will be a King Maker again.And Knight our precious #ALTS
Things we are looking for
1) The major Trendline to come in as support, like it has done before
maybe it's @ FWB:23K , maybe it's a time based, sideways consolidation from here?
But do u see the upper trendline coming in as resistance . Significant resolution is coming soon.
2) higher low on the RSI , confirm the bull trend with a reading that doesnt get too over sold.
3) and the MACD to dip slightly but slowly turnaround and maintain a positive stance for about 18 months
Filecoin #FIL echo W bottom to $42Filecoin is being shilled by Arthur Hayes
as he likes the narraitve of decentralised blockspace
I just like the chart :)
I predict we see this W bottom play out for a second time
Will the blowoff top be as manic ?
still good gains to be had ..
if Bitcoin does what we hope
Start the crypto market with BNB?
BNBUSDT :
If it breaks the range of 630 and the candle closes above it
And the pullback is done, we can expect the specified range to move
But keep in mind that this is the first and short-term target
And if the price breaks our red trend line and crosses it
Then it will move up to the blue trend line.
You can open your position right now
And set your stop below 489
Another stop can be 554.
But keep in mind that the price may hit your stop in this area and move up.
So, if you want to open your position at the same price, the safe zone is 489.
If you want to wait, the price will cross 630 and complete the pullback
Stop point 558 is suitable.
ETH: Bearish – BAT Detected + ROC DivergenceETH: Bearish – BAT Detected + ROC Divergence
The Wolf of Zurich detected a bearish “BAT” on Ethereum
We could therefore go up to around 3 270 3560
Then go back down to point C around the polarity zone of 1800-2035
The 50 and 200 exponential moving averages are still potential targets
In addition you will notice a divergence in the ROC between the price which is rising and the ROC which is flat
The ROC (Rate of change) gives you the speed of the asset's momentum.
Stay safe
MAV Bullish Channel ReversalJust like my recent CYBER analysis, MAV is trading within a bullish channel. I'm anticipating that the low is in (for now) and that the most likely path forward would be a continuation of the trend.
Target at the top of the channel or 1.25$, stop below the recent swing lows.
CYBER Bullish Channel: More Gains Expected Soon!CYBER is a relatively new token on the Binance exchange. Since it's inception, this token has been mainly going up inside this bullish channel.
After a recent touch of the bottom support, it would theoretically be a great time to step in.
Target at 22$, stop just below the recent swing lows.
ETHUSDT.1DThe daily chart for Ethereum (ETH) against USDT provides a detailed view of the price movements and key levels that could indicate potential future actions:
Resistance Levels:
R1 ($4,126.11): This level has been a recent high and could act as the first significant resistance.
R2 ($4,371.66) and R3 ($4,752.50): These are the subsequent resistance levels that the price may encounter if it breaks past R1. R2 and R3 could serve as targets for taking profits if Ethereum enters a bullish phase.
Support Levels:
S1 ($3,301.24): This is the nearest support level where the price might find a floor if there's a pullback.
S2 ($2,874.64) and S3 ($2,112.62): These lower supports may come into play if there is a significant downward trend or market correction.
Current Market Position:
The price of ETH is currently hovering near $3,771.07, positioning it above S1 but below R1. This suggests some consolidation between these levels.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD is close to zero with a slight bullish histogram, suggesting that there might be a buildup in bullish momentum, although the signal isn’t strong yet.
RSI (Relative Strength Index) is at 66, which is moderately high but still below the overbought threshold of 70. This indicates that there might still be room for upward movement without immediate overbought concerns.
Market Sentiment:
The descending trendline from the peak in April to the present suggests that ETH has been under a bearish control but is now potentially trying to break this trend. A confirmed breakout above this trendline could signal a change in momentum to bullish.
Trading Strategy:
Bullish Scenario: Should ETH break above the descending trendline and R1, traders might consider long positions with targets at R2 and R3, setting stop losses just below R1.
Bearish Scenario: If ETH fails to break the descending trendline and drops below S1, this could indicate a continuation of the bearish trend, with potential targets at S2 and S3. Traders might look to short ETH or exit long positions to minimize losses.
Conclusion: Traders should monitor Ethereum’s reaction to the descending trendline closely. A breakout above this line and R1 could herald a new bullish phase targeting higher resistances. However, a failure to surpass these levels and a subsequent drop below S1 could extend the bearish sentiment. As always, market conditions, global economic factors, and news specific to Ethereum should be considered when making trading decisions.
May.28-Jun.3(ETH)Weekly market recapThe volatility brought about by the approval of the ETH ETF gradually narrows. U.S. employment data, CPI for May and FOMC will be released in the next two weeks. This will affect market expectations for monetary policy. Starting from April's data, both employment and CPI began to cool down. Although the Federal Reserve said that an interest rate cut is far away, but we all know that it is approaching.
The United States has entered the election cycle, perhaps this is also the main reason for the approval of the ETH ETF. More and more candidates showing themselves to be crypto-friendly and looking to gain support from Cryptoer. Similarly, we believe that the Federal Reserve also needs to submit a satisfactory answer to the public to ensure the vote rate of the Democratic Party during its term. Therefore, we believe that interest rate cuts will still wait until Q3~Q4, but the market will be more aggressive in pricing interest rate cuts.
In the past 7 days, ETH volatility has decreased and remained fluctuating at high levels. ETH/BTC has not returned to the level where the BTC ETF passed, which shows that ETH is still slightly undervalued in terms of the benefits brought by the ETF. Both bulls and bears are cautious, with trading volume declining after returning to highs. Judging from the WTA indicator, the blue column representing the whale has disappeared. The ME indicator has restarted the bullish trend after the pump.
To sum up, we believe that ETH will continue to remain volatile most of the time this week, and the rise is likely to be greater than the fall. We maintain my 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.
STX Accumulation / Massive Pump IncomingSTX has a perfect accumulation that just put in a spring right here. We're right near the bottom of what's about to become a massive pump. Altcoin season is in full swing and this is the next top gainer! TD Sequential has 789 on the daily and oscillators are showing daily bullish divergence.
Ethereum (ETH) Technical Analysis and Trade IdeaIn a recent rally, Ethereum demonstrated significant momentum. In our video analysis, we delve into potential long positions, contingent upon price meeting our entry criteria. Observing the 4-hour chart, we note a prior bearish trend that has now been disrupted by a bullish break in market structure. My bias leans toward a long position, but it remains subject to price action developments outlined in the video.
Disclaimer: This content is not financial advice.
Could price bounce from here?Ethereum (ETH/USD) is falling towards the pivot and could potentially bounce to the 1st resistance.
Pivot: 3,715.94
1st Support: ,518.21
1st Resistance: 3,969.63
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.