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Trade Setup: LDO Long PositionMarket Context: LDO experienced a significant sell-off due to the SEC case, bringing it down to high-time-frame (HTF) support. As one of the best ETH beta assets, there's confidence in LDO's potential, especially with anticipated ETH spot ETF flows. For a bullish scenario, ETF flows should exceed 20% of BTC inflows. Trade Setup: Entry: Enter a trade at support around $1.40. Take Profit: First target: $1.90 Second target: $2.30 Third target: $2.50 Stop Loss: Set the stop loss just below $1.25. 📊 Monitor the market closely and adjust your strategy as needed! #LDO #CryptoTrading #SupportZone 🎯
Long
by Richtv_official
BTC: RETESTING AFTER THE BREAKOUT!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Welcome to this quick BTC update. Bitcoin (BTC) is currently testing the support level of the symmetrical triangle it recently attempted to break out of. Here's what we're watching: Retest of Triangle: If BTC holds the support level of the triangle, it could indicate another attempt at a breakout. $60k Resistance: A clean break and close above the GETTEX:59K -$60k resistance level would be a bullish signal, potentially leading to a price increase towards $62k. Impact of CPI Data (Today): The release of the Consumer Price Index (CPI) data today could influence market sentiment and potentially impact BTC's price. Possible Scenarios: A higher-than-expected CPI reading could indicate rising inflation and lead to a risk-off sentiment, potentially causing BTC's price to drop. A lower-than-expected CPI reading could be seen as positive news, potentially boosting risk appetite and leading to a rise in BTC's price. Looking Ahead: The outcome of the retest and the CPI data release might favor bulls, and we might see a good pump up to the $62k level. What are your thoughts on BTC's current price action? What are you watching from the CPI data? Share your analysis in the comments below!
Long
by CoreCrypto1
ETH/USDT 4h interval chart Hello everyone, I invite you to a quick review of the ETH to USDT chart for the 4H period. As we can see, the price is approaching leaving the local triangle, which indicates a possible direction for further movement. When the price starts to reverse, support levels are visible at $3,088, then support levels are visible at $3,048, and support levels are at $2,986, $2,942, and $2,885. However, when the price moves up again, it must overcome the resistance at $3,166 to continue towards the strong resistance at $3,264. Looking at the RSI indicator, we can see that we have entered the upper part of the range, but there is still room for the price to go up.
by cryptodailyuk
golden support levelgold price is up since UR is ticking up in usa now 4.1% and ISM service PMI going down now 48 which says us economy heading towards recession and geopolitical risks one of the many reason intraday gold h1 chart is up yellow horizontal lines are big intraday horizontal support level in gold since bringing of the week price came down before it even tested $2400 psychological level on news of china central bank stopped buying gold up trend as long as price trend above yellow lines if price close below both yellow line then intraday down trend
FXOPEN:XAUUSDShort
by Sangam-Agarwal
Silver: Thoughts and Analysis Today's focus: Silver Pattern – resistance stall, continuation Support – $28.70 Resistance – $31.30 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart. As per most reports, we have started looking out, highlighting the main trend and key points before moving into the current price action. Looking at the current break higher and resistance point, will we see the current continuation contnue? We have run over what we are looking for to confirm this and some warning signs to watch out for as well. Good trading.
EIGHTCAP:XAGUSDLong
by Eightcap
4
ETH: Potential Bullish Signals on the 1-Hour Chart?Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Ethereum (ETH) is currently showing some interesting signs on the 1-hour timeframe. Let's break down what we're seeing: Possible Double Bottom: The chart suggests a pattern resembling a double bottom, which can be a bullish technical indicator. However, confirmation is needed. Descending Triangle: ETH is also forming a descending triangle pattern. This pattern can indicate a breakout in either direction, so further confirmation is required. Here's what to watch: Breakout: A clean break and close above the neckline of the descending triangle and the double bottom's resistance level would be a bullish signal, potentially leading to a price increase towards $3300 this week. Invalidation: An hourly close below $2840 would weaken the bullish case. What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
1
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.
EIGHTCAP:ETHUSD
by Eightcap
1
Is LTC approaching a trend reversal?I invite you to check the situation of LTC in pair with USDT on a one-weekend basis. We see on the chart that the price is at the intersection of two lines, an upward trend line and a downward trend line. These are the two main trend lines that have currently formed a triangle from which the price will choose the direction of movement. Locally, we can see a sideways trend channel with smaller and smaller lows. The RSI indicator shows that we have approached the place where we could previously observe price rebounds, the STOCH indicator looks similar, but here we can see a movement at the lower limit, which may translate into an upward movement. Moreover, the chart shows how the price remains in a strong support zone, which may also influence the upcoming rebound towards the designated resistances.
Long
by cryptodailyuk
WHERE IS BITCOIN BOTTOM??Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!** Where's the Bottom for Bitcoin (BTC)? The big question on everyone's mind: where is the bottom for Bitcoin (BTC)? While predicting the absolute bottom is impossible, we can analyze different factors to make informed decisions. Here's a breakdown of three key areas: Technical Analysis: Looking at the past 4 months, BTC has traded within a range of $56k to $73k. The daily chart suggests a possible bull flag pattern forming. The $56k-$60k zone provides strong support. Holding above this level could indicate a potential breakout from the bull flag. Fundamental Analysis: Negative news circulating in the market, like the German government selling Bitcoin and Mt. Gox creditor payouts, can create temporary downward pressure. However, it's important to remember that these events can also present buying opportunities during market dips. Market Sentiment: Fear and uncertainty can grip traders during downturns. The Fear and Greed Index reaching extreme fear might signal a potential bottom, but it's not a guaranteed indicator. Important Takeaways: Predicting the absolute bottom is not possible. Diversification and Dollar-Cost Averaging (DCA): Consider spreading out your investments (DCA) across different projects to manage risk. This approach can help you average out your buying price over time. What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below! Thanks!
INDEX:BTCUSDLong
by CoreCrypto1
Well This Isn't A Good Look For BitcoinIt's been a hard couple of weeks in the crypto markets, and it is not looking much better when you zoom out to the weekly timeframe. The Logical Trading Indicator is flashing a sell signal on this week's candle which means that we have some serious downward momentum hitting the Bitcoin market. For you new guys, this means that there is way more selling pressure coming into the market than buying pressure. Trading is nothing but a game of supply and demand. My thought is that the Bitcoin ETF news event earlier in the year caused us to go into an early cycle that broke all time highs WAY too soon. Now we are paying the price for that, literally... Now that the big boys of Wall Street are manipulating the price, there is no telling what is going to happen. As retail traders, we just need to be able to catch and ride the waves because we don't have enough capital to move the price on our own anymore. What I see happening is that if this weekly candle closes with this sell signal, that will drive the price of Bitcoin down closer to the next somewhat level of market structure, which is around $50k. After that, the next solid level is around $37K-$40K. Not saying it's going to happen, we all want to be optimistic about the price, but we have to face reality that Wall Street wants cheaper Bitcoin so they are going to short futures until they get it to the price they want to buy it at. Once they get their fill, then we could see some real fire works when it comes to a pump in price, but we just have to be patient and ride their wake for a while until it happens. It's very important to not get caught up in the noise on social media and focus on the data in the charts. Fundamentally, Bitcoin is not making any changes. The only news is about regulations and on and off ramps, but nothing about the actual blockchain or it's mechanics. So based on that, BTC traders can really just focus on price movements for now. Don't let a small price pump fool you either, Wall Street wants cheaper Bitcoin, and they will get what they want. Now on the flip side of this, if we hold this level as support, which honestly is not looking like the case as of this post, but if buyers do hold this level, we look at this dump as a shake out and may start the next leg up. So again, we have to be ready for anything. This is really why I just let the Logical Trading Indicator tell me when it's time to pay attention and when to trade. Are you bears ready for another ride down? Or are you bulls gearing up for a moonshot? Be careful out there in these volatile markets and trade logically!
COINBASE:BTCUSD
by thelogicaldude
Is ETHBTC Pair Turning Bullish?ETHBTC pair can be turning bullish, as we see strong rebound after a completed corrective decline by Elliott wave theory. We talked about ETHBTC pair back on May 14th, where we mentioned and highlighted the completion of an (A)-(B)-(C) corrective setback with the wedge pattern within wave 5 of (C). As you can see today on July 05, ETHBTC pair bounced from projected 0.045 support area, which can be signal that it’s turning back to bullish mode, especially if breaks back above 0.061 region. Regarding dominance in the Crypto market, ETHBTC chart can be one of the reasons that ALTcoin dominance may kick in soon, so new ALTseason could be around the corner.
Long
by ew-forecast
2
May JOLTs Moderately Surprise to the UpsideAccording to the Job Openings and Labor Turnover Survey, the May Job openings report surprised to the upside, rising by 8.14 million (4.9%), up from April’s downwardly revised print of 7.92 million (4.8%), a three-year low. As per the Reuters poll, recent data surpassed the market's median estimate of 7.91 million and came within striking distance of the upper estimate range of 8.30 million, sparking a short-term bid in the dollar. Job openings in state and local education increased by +117,000; a sizable jump in job openings in the manufacturing sector was also seen, particularly durable goods, up +97,000, with a fall in job openings in accommodation and food services, down nearly -150,000. Hiring ticked higher in the month of May, up 5.76 million, or 3.6% from April’s reading of 5.62 million, or 3.5%. The quits rate, which assesses US workers who voluntarily left their current employment, remained at 2.2% for a seventh consecutive month, or 3.5 million. A higher quits rate can indicate confidence in the economy, while fewer resignations suggest less confidence in one's ability to seek employment. Regarding layoffs and discharges – involuntarily separated from employment initiated by the employer rather than the employee – job openings remained unchanged at 1.0% for a third consecutive month, or 1.7 million. We have seen a decline in both job openings and quits since peaking at just north of 12 million in early March 2022, emphasising a cooling economic landscape. Today’s release reflects resilience in the labour market, with the increase in job openings indicating demand for workers. Market Reaction The US Dollar Index witnessed a moderate bid in the immediate aftermath of the release, reaching a high of 105.90. US Treasury yields also spiked higher, with spot gold (XAU/USD) taking a hit and dropping to within close proximity of daily lows, and US equities all but overlooked the print. USD/JPY In Sight The US dollar (USD) has been trading at its most substantial level versus the Japanese yen (JPY) since the 1980s, and, interestingly, shows no signs of slowing down. Since early May, the USD/JPY has rallied six weeks out of eight, showcasing its robustness. Year to date, the pairing is up an eye-watering +15%. Demand for the USD can be attributed to a revival in US Treasury yields and major US equity indices circling record highs. Further, the Fed is one of the more hawkish central banks in the G10 pack at the moment, and BoJ officials have yet to intervene in the market. Interestingly, Vanguard recently commented that there is a risk of the USD/JPY rising to ¥170 should the BoJ fail to intervene. Short-term price action on the H1 timeframe is seen treading water just north of trendline support, extended from the low of ¥155.72, which happens to converge with a ‘local’ potential descending support line, taken from the high of ¥161.28, as well as the 50-hour simple moving average, trading at ¥161.26, and a 38.2% Fibonacci retracement ratio from ¥161.17. Chart pattern enthusiasts may also acknowledge the recent double-top pattern (¥161.74) completion, found after the H1 close below the black dashed line, drawn from the low of ¥161.41. Should price go on and hit the double-top pattern’s take-profit target at ¥161.07, this could deliver an additional floor of support. Tomorrow, we will see the latest ADP non-farm employment change report and the weekly jobless claims numbers, followed up with Friday’s government non-farm employment change print.
Long
by FPMarkets
DOT/USDT: Potential Breakout from Falling Wedge?Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! DOT/USDT looks good in the daily time frame. Forming a falling wedge-like structure here and trying to break it out. A successful breakout will take the price to bear ATH. Buy some here and add more in the dip. Entry zone:- $6.04-$6.48 Targets:- $7.4/$8.8/$10.5 SL:- $5.7 What are your thoughts on DOT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
ETH: POTENTIAL BULL FLAG FORMATION!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! ETH is trading above the $3300 level which is quite a strong support. As you see in the chart, it is forming a bull flag-like structure in an 8-hour time frame and is currently, trading inside it. Once it breaks out from the bull flag we might see a good 30-40% rally to the upside. Also, there is positive news that the SEC could approve spot Ethereum ETFs by July 4 so this definitely gives a good boost to ETH and Alts. Entry range:- $3280-$3380 Targets:- $3900/$4200/$4600 Invalidation:- Close below $3250 What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
2