ETHUSD: Thoughts and Analysis Today's focus: ETHUSD
Pattern – Support formation
Support – 2800 - 2880
Resistance – 3073
Hi, traders. Thanks for tuning in for today's update. Today, we are looking at ETHUSD on its daily chart.
The key question we are asking today is: Has price started to find key support, or are we set to see one more low? For now, buyers contnue to hold firm from 2800.
Has the Mount Gox news been overdone, or will this new supply dump continue to push coins lower?
Good trading.
Keysupportline
NQ Power Range Report with FIB Ext - 3/16/2022 SessionCME_MINI:NQM2022
- PR High: 13452.50
- PR Low: 13428.50
Evening Stats (As of 12:05 AM)
- Gap: = N/A
- Session Open ATR: 461.10
- Volume: 19k
- Open Int: 164k
- Trend Grade: Neutral
- From ATH: -19.75% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 14675
- Mid: 13500
- Short: 12390
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BNB/USD: Possible break down to the bearish movementIf Binance Coin break down this key support, we could to going to the bearish movement that could to put Binance Coin in that bearish scenario
Also guys, I guess you to use Prime XBT as this platform add a lot cryptocurrency that you might to trade a lot cryptocurrencies.
NQ Power Range Report with FIB Ext - 1/24/2022 SessionCME_MINI:NQH2022
- PR High: 14562.50
- PR Low: 14377.75
Evening Stats (As of 12:23 AM)
- Gap: = N/A
- Session Open ATR: 366.44
- Volume: 76k
- Open Int: 239k
- Trend Grade: Neutral
- From ATH: -13.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15550
- Mid: 15247
- Short: 14360
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
VET (Updates)VET been moving real slow, being drag down by BTC. Unable to climb back and continue the Apex trendline. Next key support down for VET will be 0.06072 (Blue line). On the RSI VET failed to hold 45.48 which is the key support on the weekly timeframe. RSI reaching oversold. Bearish cross on the macd.
VET 8H
BTC (Death Cross on daily)Update on BTC, apparently the price is going down, as i did post earlier. Key support will be 40536.66. if we breaks it, and it's not a bear trap like previous cases. I'm quite sad to say that we are going into a bear market. If we lose the key support, technical target towards the downside will be 30K BTC. Death cross on the daily. Rsi oversold.
BTC Daily
BTC Still Bullish?Hey guys here is a quick update for you guys on BTC and the bull market. We are looking for some consolidation here then a bounce and break out of the falling aedge pattern. If we break 29.5k I will consider the bull market finished. Watch these levels above for support if we break the macro trendline.
Not much else for me to give you. Trade safe. Protect your capital.
BTC (Last Key Support, will the bull show up?)This is the most important BTC support level, key support which is the light blue line (40536.66) which is previous higher low on the 21 Sep 2021. And now we are right back at it. Testing support. If we were to lose this key support. I'm calling bear market. It's not premature to call it, look at daily chart of BTC. If this is bottom out, and bull step in, then it would be amazing. Market is in extreme fear.
BTC daily
USOIL REBOUNCE READY FOR LONG🚀WTI Is falling from the recent highs
In a bearish correction to retest the strong key support level below.
Once the price hits the level expecting a strong rebound and a move up to retest a local resistance above
LONG🚀
There is broadening pattern and look like the price is going to test the bottom trendline and its Daily Support.
Resistance 1
84.5 - 85.5 supply area
Support 1
73.0 - 75.0 demand area
Support 2
61.5 - 62.5 demand area
Conclusion: Fluctuation between 77-85 is the most probable Scenario!
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ADA/USD: Key support zone to holdCardano it's in the neutral market in hourly timeframe since a lot weeks. But I believe that we could to entry in the accumulation phase to go to make any movement.
So, we hold this key support zone above of $1.87 USD and also, you can to entry to long position. You can to put your SL at $1.68 USD and target at $3.10 USD (The new historical maximum price).
In my part, I'm in long in Cardano and Bitcoin for now.
NZD/USD testing a key-support-zone!Hey tradomaniacs,
I`m currently waiting for the FED to give the market more fundamental impulses.
Looking at NZD/USD we can see a secondary downtrend within a triangle which finds support at the wekly key-support-level.
Triangles are always tricky due to lots of fakeouts but also breakouts against the actual trend, which is according to the textbook, not usual since the triangle is a trend-continuation-pattern.
NZD/USD will be very tricky because we don`t know how equities are going to react to a potential tapering.
We could either see cashflow out of stocks more into bonds due to higher exepctations for rate-hikes in the future, or cashflow from value into growth and vica verse. (Other sectors would become more interesting)
If we get hawkish tones by the FED, the US-Dollar will go up against the NZD.
The frist scenario would cause risk-off and so less demand for the New Zealand Dollar. If NZD falls and USD rises, we could see a strong breakout to the downside.
The second scenario could cause a less volatile NZD/USD, but still with uncertain moves due to a strong US-Dollar.
I overall think stocks are overheated and this rally is based on liquidity that has been provided.
Let`s see! :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
ADA/USD: Cardano may to go back again to $1 dollar key supportToday, I see that Cardano it's not so enought to continue up, I'm in short in Cardano now toward $1 dollar.
Guys, I like to trade above on H4 timeframe. But I like to be in focus always in Daily timeframe. For that, this it's my best way to trade cryptocurrencies.
I entry around of $1.20 USD with the SL at $1.28 USD and targe at $1 USD.
ETH/USD: Ethereum need to hold $1,900 USD to continue upLooking in 3 Daily timeframe. Ethereum continue fight to break down the key support of $1,900 USD. But, if you look my recently analsyis that Ethereum show us a bullish divergence, I hope a bull cases continue to fight. That it's my perspective in Ethereum that based in this model, Ethereum could to hit the mark of $5,000 USD in medium term when Ethereum get more power to continue up in this bull rally. For that, some altcoins are up in front of Ethereum, but Ethereum it's a monster cryptocurrency and mother who dominate the altcoins.
s3.tradingview.com
I'm in this trade that we could to view in Daily timeframe.
Ethereum could to make a support flip $2,000 USDAt the moment, Ethereum could to show us an interesitng movement to up. For that, I will going to hope a bullish candlestick becuase I believe that this structure could be valided as I thinking in my past analysis of bull cases with Chainlink.
s3.tradingview.com
And looking in weekly timeframe, Ethereum could to entry in the accumulation zone in the $2,000 USD zone, for that, Ethereum it's leading to reach the mark of $5,000 USD in the next weeks to months.
Tezos could to forming a bulish rising wedge!!!I see that in Daily timeframe, Tezos it's in this strong support zone. And then, there's a lot chances that Tezos could to continue up to the next resistance of $4.40 USD. For that, will be my perspective in the market for this cryptocurrency.
s3.tradingview.com
And remember, we look a beautiful trend line up, for that Tezos make a lower higher in this trend line since November 2019 from around of $1 dollar. For that, Tezos could to growing up to $4.40 USD in the next resistance zone, this will be my target profit in Tezos.
Pay attention in the Ethereum movement compared with ChainlinkIn the recent analysis, we see that Ethereum forming a simetric triangle, but broke down, but now, pay attention how the strong support work and this key support line work too. I see that this it's a same movement what Ethereum may to form.
Historical Data:
1. Chainlink up in the past from $20 to $35 approximately.'
2. Then, Chainlink down to $24 approximately in the past
3. Chainlink up a little until $29 approximately and during this period formed a simetric triangle.
4. Then, Chainlink break down this chartist pattern and drop to the exactly key support at $24.70 USD. If you see, we form 2 thing, a key support line and a strong support at $24.70 USD. And we see that in 3 ocassion, Chainlink form a strong support, but in tha 4 occasion, Chainlink made validation that form a bullish setup and up and break up the resistance of $35 USD and continue down that we know.
Guys, in my summary, that it's an exactly same movement what Ethereum may to do. And that historical data and analyze in your own opinion, you can to get a better analyzis. For that, I create it like a tutorial to review and compare this movement with Ethereum when Chainlink made in the past. That it's so exaclty and same movement that Chainlink do and now, Ethereum may to repeat this movement. I share the Ethereum last analysis for you to review and check out it.
Ethereum it's into this strong support; buy the dip!!!Ethereum it's look interesting to hold, invest or buy Ethereum contract. For that, I decide to buy just 1.40 Ethereum contract as I have a margin of 3,433 ADA coins. For that, if you look this psycology and strategy. Ethereum it's in the strong pivot that could to be bullish in this point. We look firstbly that Ethereum was into this simetric triangle in formation, but broke down and then, we see that Ethereum it's in the psycological point that we consider a strong support and in 3 occasion, Ethereum make this strong support that it's an important level to hold Ethereum above of $2,000 USD.
My counsel for amateur it's beware putting short position in Ethereum, becuase in that zone, and based in my other experience that I havened wiith others cryptocurrencies like Chainlink it's forming a repeating pattern that I consider in my trading day-to-day
Guys, if you like this analysis, please hand up, share this information with others amateuris and traders or people who thinking to trade Ethereum or cryptocurrencies to know my perspective. '
In minutes, I will going to post here a Chainlink past analysis of this chartist pattern that I see in the past in this cryptocurrency. But for now, it's may to repeat with Ethereum.
I decide to buy NEO contract; why?Looking the Daily chart, NEO it's in the accumulation zone that you can to buy this cryptocurrency to hold or buy in contract to leverage with NEO/USD. This cryptocurrency it's show us a good trade to keep to medium term. That mean that in medium term, you can to earn a lot money if you keep this position to $130 USD. But using my broker Simple FX to accumulating more Cardano coins. Also, I want to show you my own strategy if you want to accumulate Cardano in Simple FX in my others post. Remember, my goal it's to reach my 20,000 ADA coins.
Now, looking in the Daily timeframe, NEO form a simetri trianlge in the key spport line, this line it's a good point that you can to invest in NEO or buy contract leverage in your trading, and alos that NEO make support in the $47 USD and $55 USD. That it's a key zone that you can to buy NEO contract or investment. But that it's my prediction how I see NEO in medium term to go back to $130 USD. Right now, NEO price it's around of $55 USD.
I entry in the market price until the target at $130 USD and SL around of $42 USD. i just buy 16 NEO contract to keep this position to long.
s3.tradingview.com
And also, you can to watch the 3 Daily timeframe, it's look bullish too.
Waves can to continue to $25 USD!!! The trend it's keyWe see a good entry in this cryptocurrency. I use Simple FX and this broker offer this cryptocurrency to make trading. Now, Waves show us a good entry in the market price. Waves make support in the 0.618% of Fibonacci and this level work as support using Fibonacci. At the moment, I entry in Waves in long position until $25 USD. I believe that Waves make resistance in the Bitcoin crash.
s3.tradingview.com
In 3 Daily timeframe. We see that Waves continue bullish in this key support line to $25 USD.
s3.tradingview.com
And finally, look the monthly timeframe. Waves it's extremely bullish to $50 USD, That could be my first target if you hold Waves in this altseason. Based in my opinion, I don't know this cryptocurrency, but I interesting to know or make a specail analysis to talk about of their fundamental analysis in this cryptocurrency. I do not invest too in this cryptocurrency. But I found out that this cryptocurrency use blockchain parallel whether public or private blockchains. But, very soon, I will going to make an special analysis for you.