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ETH PERSONAL ANALYSIS IN THE SHORT TERM (UPDATED)The total evaluation for the ETH asset is bearish. Please be reminded that the chart displayed is very similar to the BTC chart posted on June 26, 2022 -- You may visit my profile to further confirm the move I took for shorting it. Here are several analyses explanation that could help you maintain your short or reconsider your bullish bias in the short term and maybe in the long term as well. ----------- Pattern Analysis The price action/market structure on 1H-4H and 8H-1D timeframes actually confirm an initial inverse head-and-shoulders pattern which is a bullish structure, however it was proven in time that there is a very, very strong resistance in the 1300$ region which displays an immediate rejection on a minor short squeeze to 1280$. The projected pattern that is now created due to the invalidation of the previous one is a Standard Head and Shoulders pattern which is bearish and would target itself to near 1,000$ level where it could find temporary support. The said price structure is also in a descending triangle pattern which is often seen as a continuation pattern to the downside or a bullish breakout at the latter of its tight consolidation, however since fundamentals strictly influence the price structure of bitcoin in a bearish sentiment, we will support the projection to further downside levels even in the case of a later breakout from the triangle. ----------- Fundamental Analysis The FED meeting later in Wednesday (June 29, 2022) will probably end up on discussions on further rate-hikes, other economic concerns and continuous neutral statements by Jack Powell to mitigate panic among investors and companies, however this meeting will be more than likely a catalyst that could bring assets to the downside (or consolidate) as we will have to wait for the Consumer Price Index Reports from the month of June to really confirm if the 75-point rate hike is really effective. If in any case that the inflation rate still increased despite the increased rate-hike, further rate hikes would warrant a definite move to the downside. Any statement by Jack Powell to mitigate panic is not to be taken as anything bullish as results matter more than words. The Housing Market Crisi s is now at a very brink of a decline as overly inflated prices still linger and continuously rise at an unhealthy pace that could be worrisome. Latest data shows that the market growth of this sector is 15% above the fundamentals long term which is not, in any way, a good sign. However, this will not incur a 2008-Style Recession would happen as we now currently have tighter and safer standards to combat such event, but it does not mean that declines are impossible. This is a good buying opportunity for household investors, but they may have to wait for a greater price and time. The COVID-19 Pandemic is still yet to be converted to an Epidemic-Endemic Status as people globally still have to deal with periodical vaccines to keep up. It is hard to pinpoint when and how will these vaccines remain constant in any economy given the fact that new variants (and new improved vaccines) are still being made due to uncontrollable spread of exposure (the term "uncontrollable" is linked to how businesses and gatherings cannot be fully stopped and will often happen both publicly and privately despite restrictions). There is no such thing as completely eradicating these viruses in the first place as their mechanism of replication is through living cells, this means that as long as there are people and animals around, they will always be around but this does not mean that they cannot be controlled proven by the fact on how we dealt with the previous pandemics "Spanish Flu" and the "Polio Virus". The Ukrainian-Russian War is still active and would most likely not seek any end until Putin's goal is accomplished which is to demilitarize and de-Nazify Ukraine . Other possible goals of Vladimir Putin is to potentially get Ukraine rendered as neutral status and a friendly country within the Russian sphere of influence (no NATO involvement), for it and other countries to recognize the jurisdiction of Russia over Crimea and to remove some of the international sanctions imposed on them. However, these will prove more than challenging to do as Ukraine fully intends to involve itself in NATO affairs. The Crypto Space has been incredibly bearish thanks to the most influential crash of 2022 regarding LUNA and its company Terra along with their CEO, Kwon Do-hyung (Do Kwon). This alone started a major catalyst of a complete breakdown of the multi-month support of BTC$ around 30,000$ followed by the increasing amounts of inflation which nailed the crypto coffin down below the monthly and yearly moving averages at around 17,800$. Due to these massive legs to the downside, retail investors are more cautious and anxious to even consider investing despite the massive amount of buying opportunities in a technical standpoint. The fear is also amplified by some crypto-exchanges suddenly withholding funds due to potential bankruptcies especially in the case of 3-Arrow and Celsius, Coinbase and Robinhood on the other hand, have already laid off a decent chunk of their employees as a sign of financial struggle to keep up with the market downturns. ----------- Technical Analysis On a macro-time frame (1D) chart, we can see an incredible amount of low volume in the price action of ETH from 880$ to 1,280$ which is not a very good sign and deliberately shows weakness in maintaining the movement. A low volume price action are also prone to manipulation wicks, which in the case of a bear market, is ever more than terrifying to hold both ways due to intense volatility. The Volume Profile (if you can pull it out yourself) shows a tremendous amount of volume traffic expected around the 300-500$ region with little to no volume from 600-750$ which means that these are unreliable demand levels if we fail to uphold the 17,000-18,000$ region (This could be the catalyst case if the CPI reports next month show an increased amount of inflation despite the recent increase in rate hike). The Relative Strength Index shows that we are still oversold but due to the fact that this is a lagging indicator as well as in the case for MACD, it is still recommended that we use decently smaller timeframes (1H-8H) to further confirm the strength of any trend or volume that can ripple its way to larger timeframes (1D,1W,1M,1Y). You can almost draw four solid patterns in the current chart: A reverse HnS (failed), a HnS (still yet to be finished), a descending triangle (still yet to be finished) and a rising wedge from 17,800-21,800$ (confirmed due to breakdown). In all summary, we are heading down in the short term until further bullish bias is entering the macro-markets. If you liked the information above, don't forget to like and follow me for more future updates! You may also share this to your friends. Thank you for reading! -Wamses
COINBASE:ETHUSDShort
by Wamses
BTC Long Term And Short Term AnalysisBTC LONG TERM - On the 1D the green spot has confirmed from yesterday with bullish divergence at the same time but the stochastic Is still crossing down on the 1D. On the 4H It has come down to the 55 Ema it would be nice to see it bounce off that, If It does then I can see a bit more upside towards 21700. BTC SHORT TERM - My short term target from yesterday was hit (20400) It's been rejected off that resistance and a red spot and the stochastic crossing down too. Like I said with with 4H as long as It stays above the 55 Ema i can see a bit more upside. Shorter target 21000. BTC OVERALL - I think BTC will carry on this move upwards of at least 21000 if it stays above 19700. Let me know your thoughts in the comments and like my idea!!
Long
by cryptokid1507
1
BTC Long Term And Short Term AnalysisBTC LONG TERM - On the 1D it could get a 3rd strike of bullish divergence on the Crypto trend indicator which could maybe give it a little bounce upwards to 22900 then maybe come down further once the divergence has played out. BTC SHORT TERM - On the 1H it looks like it wants to bounce a bit more, it has broke the 21 and 55 EMA with the stochastic crossing up and a green spot on the crypto trend. Short term it could test upwards to 20400. BTC OVERALL - I think BTC will continue this bounce up to at least 20400 with it looking bullish short term. Let me know your thoughts in the comments and like my idea!!
Long
by cryptokid1507
1
Axie Infinity (AXS); We're going down, a short opportunityHello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing Axie Infinity (AXS). If we look at the 2-hour chart, we will see a head-and-shoulders pattern forming. The head and shoulders give us an opportunity to go short. I am planning on entering a short if the close is below the confirmation point. The SL is just above the right shoulder. If this trade turns out, it will be very profitable. Thanks for reading! As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you! Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
Short
by CTDave
4
BTCUSDT : BREAKING DOWN IN LOWER TIMEFRAMEHello !! Welcome to the short-term update on BTC. After taking a pump from the 17600 mark, it reached around 21700 thereby pumping the altcoins. As of now, from the chart it seems, it has again broken the trend downwards and may dump again. Be aware of your positions and keep strict STOPLOSS on all your trades. Let's wait for the right moment and a clear picture. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
3
DOGE lovers, play for 15m - don't loseQuick 15-minute TA for DOGE lovers or those who swing-trade DOGE all the time. Also, to those who are too afraid to get in and out in time. I would not be the victim of the emotions during getting in and out of the trade throughout a volatile market trend, but I better observe the TA signals actively. I would not rush to get in as soon as the signal flashes, but rather wait a few seconds to check on the overbought or oversold zones. That helps me over 90% of the time to get in and out profitably and not lose a trade. I wish you the same.
COINBASE:DOGEUSDShort
by coreSATS
Bitcoin update down trend long termAsk i told, bitcoin is on my way. The global economic crisis will soon happen, stocks will lose 50% of their value. Bitcoin is a manipulated asset so it will dump soon and retest 2017 ATH. I’ll accumulate 1500BTC short volume from now. This is just a trick from the whales, causing the community to think that the price is low and buy but there will actually be a long-term bearish wave. Whales will accumulate Bitcoin and wait for political news, epidemics, wars and inflation to subside before injecting the price. Don't be fooled, market makers are taking all your money. Short target $26,000, $24,000, $20,000 and big target $16,000. 70% Bitcoin reached $16,000. SHORT TIME!
Short
by UnknownUnicorn25362007
1
SPX500 short term moveThe weekly candle closed bearish, I expect it to move until 4000 at least. On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated. I think we should have some sideways movement for few months. Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
OANDA:SPX500USDShort
by Future_Wei
4
AUDCHF I Scalp & Intraday Short IdeaWelcome back! Here's an analysis of this pair! **AUDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
2