Pepe
Ethereum Technical Analysis chart AnalysisUnderstanding Ethereum's Current Chart Overview: Trading at Resistance Level, Potential Scenarios and Analysis
Ethereum has been making headlines in the cryptocurrency world, with its current trading price at $1970. As per the chart overview, it is currently trading at a high resistance level. This means that there are two possible scenarios to consider when making trading decisions.
Scenario 1: Rejection at Resistance Level
If the price of Ethereum is rejected at the $1950 level, it is likely to see a drop to $1500 or $1300 levels. This indicates a high chance of rejection due to the resistance level. It is crucial to consider this before making any trading decisions.
Scenario 2: Breakout Above Resistance Level
If the price of Ethereum manages to break above the resistance level and close above $1950, there is a high chance that it will reach the $2500 level. This scenario would indicate a bullish market trend and offer an opportunity for traders to make a profit.
High Selling Pressure at $2100
It is important to note that there is high selling pressure at the $2100 level. Therefore, it is recommended that traders approach this level with caution and not trade blindly.
High Demand Zone at $1400
There is a high demand zone at the $1400 level, making it a good level to consider when making long-term trading decisions. It is a good strategy to identify these levels of demand and consider them in your trading plan.
Takeaways:
Ethereum is currently trading at a high resistance level
There are two possible scenarios to consider: rejection or breakout above the resistance level
Traders should approach the $2100 level with caution due to high selling pressure
The $1400 level is a high demand zone and should be considered when making long-term trading decisions
Conclusion:
In conclusion, understanding Ethereum's current chart overview is crucial before making any trading decisions. It is important to consider the resistance and support levels, identify demand zones, and approach high selling pressure areas with caution. By keeping these factors in mind, traders can make informed decisions and minimize risks while trading Ethereum.
BTC.D H4 :SUCH A WOWWWW Hi Guys Hope you well
Aha first TP reached ..... please check mu last btc.d analysis
SecondChanceCrypto
⏰13/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment.
PEPE, Key levels to watch and possible next move🐸Hello my friends, Everything is explained on the chart for you like always.
I've to say that it's a meme coin and this is high risk
It is not a financial advice so be careful and have a stop limit and capital management.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
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Salam be doostan, hame chiz rooye chart baraye shoma moshakhas shode mesle hamishe.
bayad begam ke in meme coin hast va risk khili bala.
tosiye maali nist va lotfan modiriyat sarmaye va risk dashte bashid.
moafagh bashid.
like va follow faramoosh nashe :)
Bitcoin Bearish Head & Shoulder Chart AnalysisBitcoin Technical Analysis: Head & Shoulder Pattern Indicates Bearish Trend
Bitcoin's current trading price is $26800, and the daily time frame chart shows that the Neck Line support of the Head & Shoulder pattern has been broken, indicating a bearish trend. This article provides a technical analysis of the BTC/USDT chart, along with insights into the potential target and key levels to watch.
Previous Analysis -
Correct Prediction: The author's previous analysis of Bitcoin's trading behavior correctly predicted a drop from $30k to $26k.
Fresh Analysis -
Head & Shoulder Pattern Indicates Bearish Trend: The daily time frame chart indicates that the Neck Line support of the Head & Shoulder pattern has been broken, signaling a bearish trend. The Head & Shoulder pattern is forming perfectly, and the current target after breaking the Neck Line support is $24000.
$24000 Target -
Based on Chart Analysis: The target of $24000 is based on the height of the Head from the Neck Line support on the chart.
Retest Level at $24000:
After the breakout on 13-14 March, Bitcoin reached $31000 from $24000. However, the chart pattern has not yet retested the breakout point, so the current retest level is at $24000. Therefore, traders should give high priority to testing $24000 before an upside ride.
What if Head & Shoulder Pattern Fails?
It is possible that the Head & Shoulder pattern may fail. In that case, if Bitcoin breaks upward $27000 and daily candle closes above $27500, the current pattern will be invalidated, and the targets will be on the upward side.
Key Levels by CryptoPatel:
The author suggests that traders should watch the support levels of $24000 and $21300 and the resistance level of $27050.
Takeaways for Traders:
Based on the technical analysis of the BTC/USDT chart, the author predicts a bearish trend with a potential target of $24000. Traders should keep an eye on the chart and be prepared for any unexpected market movements.
Conclusion:
Bitcoin's current Head & Shoulder pattern indicates a bearish trend, with a target of $24000 after breaking the Neck Line support. The author advises traders to be cautious and monitor the chart closely to make informed trading decisions.
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MonkaHmm zone - PEPEUSDT UpdateSupport and resistance zones: www.tradingview.com
Due to how spot on the TA was for my initial idea post (find here: ), the mid week update deserves its own separate idea with the link for the updated S/R levels for fellow Froge at the top of this post
Bear: The market trends lower, with Bitcoin trading at or below the low 27s. If the 0.00000173 support breaks and there are one or two 2h closes below, the fall to the next support at 0.0000010-11 becomes much more likely (Prayge... this is a drop of more than 35%!).
Neutral/sideways: Trading is expected to remain slightly lower between the levels of ~0.0000017 and ~0.0000019, with Bitcoin staying range-bound in the mid-27s.
Bull: Multiple 2H closes above the 195 level are needed to confirm, along with some large candles to test the 255-263 level. If PEPE stays in sync with Bitcoin, at least some 4H closes above 28.2k are required, but ideally a push higher to $30k. There are several resistance zones above the 255 level.
Although most readers may be smaller traders who are likely to be best classified as retail bulls, it's important to consider all three scenarios in the short term, including the bearish and neutral cases. As a volatile asset with trillions of coins held by one individual/set of linked wallets, it's essential to be prepared for all outcomes.
As a bird's eye view of the current character of PEPE, IMO the frog is uncertain right now and licking its wounds, still more than 50% down from its ATH. While the memers would like him to resume the uptrend for green Lambo, it's important to consider the trend changes in very simple terms and trade accordingly. If you like this analysis, following me here on Tradingview will motivate me to continue. Yelling into nothingness isn't exactly a pastime for the mentally sound :D🐸♥️
Bitcoin Forecast Sunny🌞 (Confidence: 0.98 )🌤️ Good news for Bitcoin investors! Based on the past hour's data, the weather in the Bitcoin world looks sunny ☀️. The cryptocurrency's price opened at 26302 and reached a high of 26387, with a low of 26254. This suggests a stable and positive trend in the market. The trading volume is also relatively high, indicating strong investor interest.
📈 Additionally, the EMA indicators (9, 21, 50, 100, and 200) are all showing an upward trend, with the EMA200 being the highest at 27729. This signals a potential long-term positive outlook for the cryptocurrency.
📉 However, it is important to note that the RSI value is low at 33, indicating that Bitcoin may be oversold. This could mean a possible price correction in the near future. The MACD value of -314 is also negative, which could indicate a bearish trend.
Overall, the sunny forecast 🌤️ is based on the positive trend seen in the majority of the indicators, with the caveat that investors should keep a close eye on the RSI and MACD values for any potential changes in the market.
🔥SANDBOX CAN CHANGE IT'S TREND SOON: BE READY FOR IT!🔥Hi, friends! SANDBOX is only falling since the beginning of 2023. I think the seller's pressure will end after the squeeze to the trendline and its breakout.
We must enter our long trades before SAND skyrockets.
📊 TRADING PLAN FOR SAND:
🔥 volume growth during the false breakout
🔥 squeeze to the trendline
🔥 bullish BTC is a must-have for altcoins growth
✅ THE MAIN TARGETS FOR SAND:
1. $0.57-0.65 - the value area and strong resistance
2. $0.76-0.80 - the value area
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Trade Analysis: $PEPEPEPE has had its short time in the spotlight after crashing 72% from its all-time high- which doesn't mean much for a coin that has only existed for a few weeks. But we're not going to get into the ethics of meme coins in this post, so we'll table that thought and let you wrestle with it. Our goal in this post is to help you understand how to use our "TBO" indicator to recognize where trends begin, signs of when it would be wise to take profits, glaring signs of bearish sentiment, and how to identify re-entry points.
#1: "TBO" Open Long (green triangle) signals a confirmation of an uptrend, measuring 1275% from Open Long to all-time high.
#2: on faster time frames (like the 4-hour), it's important to understand that faster doesn't equal stronger. In fact, it's the opposite when it comes to indicators. Longer time frames are stronger with indicators, but faster time frames give earlier warning signs and alerts.
With that said, when the price is stuck sideways, eventually a red line from the "TBO" will be printed, indicating "TBO" Resistance. These can be considered early take profit warnings/suggestions.
#3: whenever the price exits below the "TBO" Cloud, consider it strongly bearish. Usually these piercing events will be quick and fast, and bounce back into the "TBO" Cloud (as we see here on the chart.
#4: the red X is the "TBO" Cross Down symbol, forewarning that a bearish cross to the down side could be coming soon (which was accurately indicated).
#5: the pink triangle is the "TBO" Open Short, which confirms the bearish trend. Note that Open Longs and Open Shorts will typically be quite late to the trend. Their purpose isn't to give an early warning about a new trend, but to confirm the trend.
#6: lastly, for those who are risk-averse, we can use the green "TBO" Support line to identify future support and areas where the price might bounce. While the price did bounce about 12% off the "TBO" Support line, we have to remember that the 4-hour time frame is fast, and therefore weak.
We hope that this explanation of the "TBO" in action on PEPE will help some of you understand the power behind this seemingly simple indicator!
PEPE (technical idea) more correction in short term ❌🧨Hello 🐋
the price now again stick in the parallel channel, we expect to see sharp red candlesticks to the downside
besides
the range market is acceptable scenario too 📖💡
if
we lose our support level, we will see more correction ❌🧨
and if
we lose our daily resistance here more gain is logical 💣🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Bitcoin forecast Sunny🌞 (Confidence: 0.91 )🌞 Bitcoin Weather Report 🌞
The Bitcoin chart index for the past hour shows promising signs, indicating a sunny forecast for the Bitcoin world! ☀️🚀
Let's take a look at the key indicators:
- Open: 27111
- High: 27216
- Low: 27033
- Volume: 27670
- Close: 27166
The Bitcoin market has experienced relatively stable trading activity within this hour, with a slight increase in the high and low values. This suggests a healthy level of interest and participation.
Moving Averages:
- EMA9: 27301
- EMA21: 27429
- EMA50: 27586
- EMA100: 27823
- EMA200: 28083
The exponential moving averages (EMAs) indicate an overall upward trend. The shorter-term EMAs are below the longer-term EMAs, suggesting positive momentum and potential for further growth.
Relative Strength Index (RSI): 36
The RSI measures the strength and speed of price movements. Although it is slightly below the neutral 50 level, it is not indicating any extreme overbought or oversold conditions. This suggests a balanced market sentiment.
Stochastic Oscillator:
- Fast %K: 34
- Slow %K: 31
- Slow %D: 33
The stochastic oscillator values are relatively low but still within a reasonable range. It implies that the market is not overextended and there may be room for further upward movement.
Moving Average Convergence Divergence (MACD): -168
The MACD is currently negative, indicating a bearish signal. However, it's worth noting that the MACD is a lagging indicator and should be considered in conjunction with other indicators for a comprehensive analysis.
Overall, considering the positive movement in the moving averages, the balanced RSI, and the relatively stable trading activity, my confidence in a sunny weather forecast for the Bitcoin world is high! ☀️🚀
Please remember that cryptocurrency markets are highly volatile, and this analysis is based on historical data from the past hour. Market conditions can change rapidly, so it's always important to exercise caution and conduct thorough research before making any investment decisions. Happy trading! 📈💰