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SOLUSD Tight Risk Buy PointWorking up the right side of a quality base, digesting the 1,100% run from September 2023 thru March 2024. High volume flush in April that was quickly bought up, shakeout in early-May, reclaim of important VWAPs, volume declining as it works its way up the right side. Now with the current volatility contraction, it setups up a potential early buy point within the base over 175 on a thrust in volume. The most aggressive stop placement would be just under the 163.50 low from 5/30. I will personally give it room to fluctuate until a decisive break below my cost basis around 150-ish.
COINBASE:SOLUSDLong
by apaqu
2
BTC - 4H another fall for nowThese are important zones and trendlines on the BTC chart. Bitcoin is currently within an ascending channel and is moving towards the bottom of this channel. The Liquidation Heatmap chart highlights a significant liquidity zone just below the $65910 level. BTC is likely to target this liquidity, potentially driving the price downward to capture this value. This movement aligns with the ongoing trend within the channel. There is a crucial support spot at the bottom of the channel, just beneath the identified liquidity zone. This support level is expected to provide significant buying interest, potentially stabilizing the price and preventing further decline. Traders should watch this area closely, as it could be a pivotal point for BTC, either halting the current downtrend or providing a bounce-back opportunity within the ascending channel.
COINBASE:BTCUSDShort
by Sober_Trading
The Bright Future of Ethereum"Past performance is no guarantee of future results" - We all know this famous phrase... Nonetheless, Ethereum still has a very bright future in the next decade. *Why I'm bullish on Ethereum:* - Every competing "superior" and newer blockchain (Fantom, Avalanche, Harmony, ...) includes EVM (Ethereum Virtual Machine) Compatibilty. - These types of products that are always compared with often have a long future, because they are the golden standard every competing company wants to be (Apple, Bitcoin, Tesla, ...) - Ethereum's transition to PoS will ensure lighter regulation compared to PoW Blockchains in the coming years, where sustainability and net zero emission is a core element of the global agenda. - Bankers & Wallstreet LOVE Ethereum because it is the backbone of every major DeFi Application that replaces traditional Financial Instruments (AAVE - Lending, UMA - Insurance, SNX - Derivatives, UNI -Exchanges, DAI - Stablecoins, LINK - Infrastructure, YFI - Asset Management) - The majority of the Web3 Economy builds upon Ethereum (Metaverses, DAOs) - ERC-721 (NFT's) are revolutionizing the art market. - ERC-1155 is revolutionizing the entire gaming Industry. (Enjin, Axie) - It is completely open source. *Possible bearish scenarios:* - Eth2.0 (if it ACTUALLY ever launches) is completely underwhelming. - Cryptocurrency gets banned in the United States as well. - "Black Swans" (Pandemics, Terrorism, War) - Vitalik Buterin gets caught in money laundering (?) and his holdings will be confiscated by the government. - Satoshi Nakamoto returns from the dead and dumps his entire BTC stack on the market, which will drag Ethereum with it. - Ethereum gets exploited. - Global Internet outage. To wrap it up: I'm bearish in the short term due to the extreme correlation with US Stocks and ETFs. ETH is still completely overbought on the monthly chart. I'm looking at price levels around $1'200, if there is a black swan event, even around $700 is a possibility. I hope you enjoyed my thoughts and analysis on Ethereum. May the fortune be with you :) -CYANE
BITSTAMP:ETHUSDLong
by cy4ne
2
Let's hope ETHEREUM DOES NOT do THIS 😨BINANCE:ETHUSDT Ethereum is looking bullish after a strong bounce and a successful retest of the support zone at 2800. According to all Fibonacci logic, we SHOULD be hitting the 1.618 zone SOON. But we're not out of the woods just yet. There's a risk of a very bearish pattern forming IF we cannot close the daily ABOVE our previous resistance zone. This would form a nasty M-Pattern that could takes us back to 2800 and even lower. Technical indicators are extremely bullish right now, but this does not guarantee that sellers aren't waiting for us around the corner at 4000. Naturally, we can expect ETH to keep on following BTC closely over the next week. If Bitcoin makes another leg up, Ethereum will soon follow a day or two later. _______________________________
Long
by CryptoCheck-
BTCUSD UPDATE! Important!!Simple trading - Bearish Pattern 1: Slanted Head and shoulders Bullish Pattern 2: Ascending Triangle Always a risk when taking trades and this is one of the biggest. Will BTC continue its rapid uptrend or will it make another major pullback to the downside? Bears: H&S pattern is not completely invalid yet. If BTC continues to create a higher high or move sideways, we can invalidate this pattern. As of now, BTC has made a perfect break and retest for more bearish movement. Perfect entry spot! Bulls: BTC has not failed yet! with high lowers and rejection from 70k, a new triangle pattern has formed. BTC could easily be creating new support and rise to a new ATH. Personally, I am currently BEARISH on BTC, with a wacky Weekly structure, BTC looks to be forming the biggest Cup and Handle pattern in history:
COINBASE:BTCUSD
by nikdobii
🔥 Bitcoin In A Bull-Flag: Wait For Break Out!After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again. Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish. Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some point. Wait for the market to show clarity. Wait for a break of either resistance of support. A new all-time high is around the corner.
COINBASE:BTCUSDLong
by FieryTrading
2
ETHEREUM → The coin comes to life. Target 4,000?BINANCE:ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200. An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken ascending channel. The Chart clearly shows how the market is gathering liquidity at the expense of sellers, which is generally an encouraging pattern with the goal of further growth. On D1 it is worth paying attention to the triangle boundaries, as well as to the 3200 area, a breakout and subsequent consolidation above which will form a strong bullish potential that can continue to grow to the interim high of 4086, as well as to the ATH. Support levels: 2900, 2812 Resistance levels: 3200, 3350 Technically and fundamentally, ETH has a good potential. The phase of realization of the accumulated energy can be activated at the breakout of 3200. Also, on a bullish trend symmetrical triangle is a good and potentially promising pattern. Regards R. Linda!
Long
by RLinda
25
EVERY Possible Scenario for ETH in 2024As we can all observe, ETH is doing pretty bad against BTC. And I mean neck-deep-up-sh*t-creek-with-its-mouth-wide-open kinda bad LOL. People are starting to worry and get flashbacks of the December 2020 dip of ETH against BTC. The current situation is the price retesting a historic golden FIBONACCI level (61.8%) that's about 3 years old. This level is crucial because it's formed by the last cycle's bull-run surge. Let's explore the possible and impossible, or rather unlikely, scenarios. FIRST SCENARIO: Ethereum ETFs get approved. This obviously is what we all wish for, not only ETH investors and fans, but everyone who cares about the Alt-coins market. I expect a huge surge from our golden FIBO level if this scenario occurs. SECOND SCENARIO: Ethereum ETFs get disapproved. In this case, it would be reasonable for the price to decline and retest the bottom of an even more historic symmetrical triangle structure that's as old as ETH. The price should bounce from there as Ethereum recovers from the bad news and retry surpassing the golden FIBO level. THIRD SCENARIO: Ethereum is doomed. This is a very unlikely scenario , but let's humor it anyway. What if ETH fails to retest the bottom of the symmetrical triangle structure that's been containing its price action since millennia? Well, I don't expect this to happen unless ETH fails to recover from the bad news and turns out to be a huge SCAM coin. The biggest scam coin in the history of crypto. Sorry if this was too intrusive and scary. I just think it's reasonable to always consider the worst as we consider the best outcome possible. The GREAT news is all of the speculations are pointing to the approval of the Ethereum ETFs , I personally expect the approval next week, so I'm ruling out anything but the BEST possible scenario for ETH this cycle! Note: This was an exploration of a potential scenario based on the current context and state of the market, not financial advice.
by OmarsMess
2
ETHEREUM / DXY chart is telling us something.That we can expect new High's on this ratio But not to expect the kind of run that ETH experienced last cycle obviously . Going from $88 to near 5K was a barn stormer of a Bull run a 50X !!! If this continuation head and shoulder plays out The linear projection would give us a 7.5X Whilst the log target suggests 18x A match for what #BTC did last cycle ... interesting right. Thisis still impressive for a mature network and should provide plenty of fuel for the #altcoins
COINBASE:ETHUSDLong
by BallaJi
3
ETH - Critical Zone 👀 Again!Hello TradingView Family / Fellow Traders, As per my last analysis, ETH rejected the $3000 support and traded higher. What's next? Scenarios: 1️⃣ Bullish - Continuation For the bulls to maintain control, a break above the $4,000 - $4,100 is needed. In this case, a movement towards the $4,500 resistance would be expected. 2️⃣ Bearish - Correction Meanwhile, the bears can still kick in for a correction towards $3,500 where we will be looking for new short-term buy setups. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
22
27/05/24 Weekly outlookLast weeks high: $71,999.47 Last weeks low: $69,028.57 Midpoint: $66,057.66 After a historical week for the crypto space with the ETH ETF approval has meant that BTC has taken somewhat of a backseat. Currently battling with the '21 ATH at SWB:69K while ETH is beginning to pic up strength in the ETH/BTC pair and take volume away from Bitcoin. Ethereum has been a relatively slow mover in comparison to some of the rest of the altcoin market. However, now that the ETFs are approved and it is to be expected that ETH will have huge Inflows just as BTC did with a >50% increase since approval. All this means that I could see BTC fighting the '21 ATH for sometime while the altcoin market and mostly ETH will take the spotlight for the next week at least. SWB:69K lines up well with the weekly range Midpoint and that's the key battle for BTC, so far this Bullrun we've seen BTC lead the way generally, could it be time for ETH to take over? This week I think ETH and ETH beta plays (OP, ARB, LDO, METIS etc) are the ones to watch, I would be cautious when it comes to Longing ETH blindly at this level, yes the massive demand increase will help price rise but as we saw with BTC after ETF approval, price did drop 18% over two weeks post approval. I'm not saying this will definitely happen with ETH, so far despite an initial 10% whipsaw price has stayed generally the same with a slight move up, however It is worth noting.
by ProR35
May.21-May.27(ETH)Weekly market recapLast week, the SEC unexpectedly approved the ETH ETF. Although it is still some time before the launch of the ETH ETF, the cryptocurrency market has entered a carnival. ETH started pumping, narrowing the gap with BTC in terms of gains. We believe that although the ETH ETF has been approved, the pledge utility of ETH will still make the SEC cautious about ETH. On the other hand, we saw last week that Donald Trump, the Republican candidate for the 2024 election, stated that he would accept donations from cryptocurrencies, support the development of cryptocurrencies in the United States, and ban CBDCs if the campaign is successful. This is also the reason why meme coins based on Trump have risen recently. If Trump eventually becomes President of the United States, cryptocurrencies will see an even bigger rise. ETH has performed well last week, with a price increase of nearly 30%, mainly due to the approval of the ETH ETF. Before last week's long green candle appeared, we can see from the MBF indicator that ETH's bottom-buying sentiment was sluggish. But after the ETF was approved, everything changed. On the WTA indicator, blue columns representing whales appear in groups, and trading volume also increases significantly. The wavy area of the ME indicator, which was about to turn into a bearish signal, has once again widened. For ETH, it is currently close to the high point of the year which is also a strong resistance level of 4000. In summary, we believe that the gradually increasing selling pressure will cause ETH to fluctuate this week. Based on the strengthening bulls, we raise the resistance level to 4000 and maintain the original 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.
COINBASE:ETHUSD
by Sypool
BTC Faces Strong Rejection: Will It Drop Further or Move SidewayGM, this morning BTC started to drop again, and the candle close on the 27th was bullish but faced strong rejection. The fear and greed index is still in the greed status this morning, so overall there's still a chance for BTC to drop further. However, my personal opinion is that BTC might just move sideways between 69K - 70K until the end of May. Let's see where the market will take us. Keep staying safe, always maintain your risk, and as always, that's all for today's crypto update. I'm Akki, signing off with one chart.
INDEX:BTCUSD
by x_Akki
We are expected to return to 3500, we are going higherTo date, the market has reached another turning point, let's look at further prospects. The goal of returning above 3500 on the air was successfully fulfilled against the background of the opening of the quarterly candle above the level, however, the second half of the quarter opened in a negative zone, which will support sellers as they approach the end of the quarter and everywhere above 3500. At the moment, sales from 3750 were successfully bought off on Thursday, because at the moment they are premature. With the opening of a new monthly candle, sellers' activity will increase against the background of the opening of the second half of the quarter below 3000, which will lead to increased volatility and market disruptions. Today, the probability of continued growth prevails in two scenarios. The opening of a new month in the range of 3500-3750 will allow testing 4500-4750 in the current quarter, from where a significant pullback is most likely up to a retest of 3000. In a more optimistic scenario, the new month will open above 4100, which will allow stable growth to continue until the 5000-5250 test. A significant cancellation of purchases and a market drawdown can be expected only at the opening of a new month below 3400, for which there are not yet sufficient arguments. Since the last week of the month for the tops opened above key levels, which gives a consolidation of growth and a high probability of maintaining purchases until the end of the quarter, active purchases on many altos can be expected this week with continued growth in the new month. So far, vib remains the most suitable tool for investing in the average market, with a growth potential of up to 0.150-175 at least and up to 0.25-50 in the case of an increase in ether to 4500. The main threshold level for accelerating purchases remains 0.1. OAX continues to show good volatility with growth waves of 20-40%. The growth potential remains at least 0.35 retest, which gives reason to maintain volatility with a further trend. Weaker projects are also interesting for scalping, but they are in an extremely oversold position, such as ooki pros and cvp with a growth potential of up to 150% from current levels. While maintaining positive dynamics in the tops, epx for and vgx can show growth of up to 30-50% from current levels.
BITSTAMP:ETHUSDLong
by Strateg_
ETH: Approaching ResistanceTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price spiked up 25%, broke above $3,700 resistance and is approaching our near-term target of $4K. It's a bit overbought (RSI ~ 70). Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $4K to signal continuation of uptrend, with +17% upside potential to its ATH of $4,700, or 2) pull back near $3,750 key level for another swing trade entry in Uptrend with upside potential back to $4K . Learn to trade chart patterns in Lesson 8 and set Stop Loss levels in Lesson 9. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is Overbought currently, based on RSI-14 levels (RSI > 70). Support and Resistance : Nearest Support Zone is $3,200.00, then $2,930.00. Nearest Resistance Zone is $4,000.00, then $4,800.00.
Long
by altFINS
ETH LONG TERM IDEAHello, We have exciting news and insights to share with you! With the potential approval of the Ethereum Spot ETF, we foresee significant movements in Ethereum’s price over the long term. Our detailed analysis and forecast are illustrated in the attached chart, providing you with a clear vision of what might be ahead. Ethereum Long-Term Price Outlook Current Situation: As of now, Ethereum is trading around the $3,900 mark. The market has shown resilience, and with the anticipation of the Ethereum Spot ETF approval, we expect significant bullish momentum. Key Levels to Watch: Based on our analysis, here are the critical price levels to keep an eye on: • $4,396.48: This is our first major resistance level. Breaking through this could set the stage for further upward movement. • $4,819.93: The next resistance level, which could be a crucial point for Ethereum’s medium-term growth. • $5,374.45: Breaking past this level could signify strong bullish sentiment, potentially driving prices even higher. • $6,070.12: This level represents a significant milestone, indicating a strong upward trend. • $6,443.16: Our long-term target, which we believe Ethereum could reach following the positive momentum from the ETF approval. Technical Insights: The attached chart shows Ethereum’s price action and key resistance levels. The descending trendline that Ethereum has been facing is a critical barrier. Breaking through this trendline with strong volume and support from the ETF news could propel Ethereum to new heights. Why This Matters: 1. Institutional Adoption: The approval of the Ethereum Spot ETF would signal increased institutional interest and confidence in Ethereum, likely driving more investment and adoption. 2. Market Sentiment: A positive decision from the SEC can boost overall market sentiment, not just for Ethereum but for the entire crypto market. 3. Long-Term Growth: With increased institutional participation, we could see sustained growth and stability in Ethereum’s price, making it a valuable addition to any investment portfolio. We recommend keeping a close watch on the market and these key levels. As always, our team at CryptoSignalAPP is here to provide you with the latest insights and updates to help you navigate the crypto market effectively. Stay ahead of the curve and make informed decisions with CryptoSignalAPP! Best regards
Long
by CryptoSignalAPP