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Rising

ETH QUICK UPDATE! LOOKS BEARISH!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick ETH update. ETH is not looking good here. Forming a rising wedge in 6hr time frame which is a bearish pattern. ETH breaks down this rising wedge and currently retesting. After this retest, we might see more drop in ETH. Important support for ETH is at the $1220-$1230 level. Let's see how price reacts there. Invalidation Level:- Breaks above $1300 will invalidate this rising wedge pattern. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank you!
Short
by CoreCrypto1
9
BTC - Bullish Then Bearish? 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last BTC analysis, we know that BTC has been overall bullish for the last 2 weeks trading inside the red channel. We would be bullish (short-term) as long as we are trading inside the rising red channel. For the bulls to take over and start the next bullish impulse upward, we need a break above the gray zone. As BTC trades higher, the 18k zone is a strong resistance as it is also intersecting with the upper red trendline which acts as a non-horizontal resistance. So I will be expecting a rejecting there. As per my trading style, I will be zooming in to lower timeframes and looking for any bearish reversal setup to confirm it. For now, we would be bullish, unless we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
42
ETH has been trending higher the past few days (MERGE Effect? )ETH is now trading near 1650$ . It is moving inside a rising channel on 4H time frame. Now there are two scenarios: 1- ETH breaks down the channel then that is short term Bearish signal for ETH and it can test 1476$ - 1400$ level. 2- ETH holds the lower support zone of the channel then it can again go for upper resistance line of the channel and potentially break it. Pick the direction according to the side of breakout. On the daily time frame we can see that ETH is trading in an accumualtion "livermore" cylinder with targets are 2500$ and 3300$ . Invalidation of the pattern is below 1400$ . At the moment it looks like compression is coming to an end and breakout will happen 👀 Current Resistance area between: > 1680 > 1700 > 1790 Personal POV: Looking for a test of the 1700$ area, hoping for a breakout toward 1800$ as continuation🤞
by tradenader
Potential LTF BTC trade (Falling Wedge)BTC is coming out of a falling wedge of which’s target has been met. During this, the price action created a falling wedge which could take us higher until we reach the HTF resistance line in yellow which has continuously pushed price back down. I think upon touching this yellow resistance line we will fall down to around the 13k level as there is major support there, please check out my other chart for BTC where I detail this. (BTC Price Prediction - TA)
Long
by CripToeMonke
Rising Wedge Breakout We saw a strong wick on the daily get rejected by the resistance at 143, and we looking to enter on the 4H pullback after the rising wedge breakout CHFJPYcurrently hovering at the Daily Resistance Level and has broken out of a bearish Rising Wedge Pattern the key level is broken and Retested so, i predict a bearish move to go and retest the previous support around 138.00 TRADE RECOMMENDATION SELL CHFJPY ENTRY PRICE : 141.500 STOP LOSS : 144:00 TAKE PROFIT :138.00 EXP 1 OCTOBER 2022
Short
by vergecap
1
APEUSDT is creating a rising wedgeThe price is testing the daily resistance after a bounce in the 3$ area. On the 4h timeframe the price is creating a rising wedge on it and testing the 0.886 Fibonacci level, it's a key level. How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
10
ETHUSDT is testing the support after the first breakoutThe price created a rising wedge as I told you in my previous analysis . The price got a rejection on 1280$ where the market created a 4h resistance and where we can find the 0.618 Fibonacci level. On the 4h timeframe the price created a minor head and shoulders between the 4h structures and after the breakout the price retest its neckline as new resistance. How to approach it? The price is testing the 4h support on 1133$. IF the price is going to have a breakout from it, we could see a retest around 1k, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2