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Technicalindicators

Ethereum's Ups and Downs: What the Charts SayAt the time of writing, Ethereum is trading at $1869, and the 4-hour timeframe is in focus. The Relative Strength Index (RSI) is hovering around the midpoint at 50, which suggests that the coin is neither oversold nor overbought. Looking at the Fibonacci levels, we see that the 0 Fibonacci level is at $1806, the 0.5 level is at $1872.50, and the 1 level is at $1939. These levels can be used to identify potential support and resistance areas for the price. The Bollinger Bands are showing that the upper band is at $1916, the lower band is at $1804, and the middle band is at $1860. These bands can also be used to identify potential support and resistance levels. The volume oscillator is currently at -21.80%, and the MACD is at -5.80. These indicators suggest that the volume and momentum are currently bearish. Looking at the stochastic oscillators, the %K line is at 81, and the %D line is at 70, indicating that the coin may be overbought in the short term. The hourly EMA 50 is at $1876, which can be used as another potential support and resistance level. Finally, the On-Balance Volume (OBV) is at 21M, suggesting that there is some buying pressure in the market. In recent news, it looks like there has been a massive $505M inflow of Ethereum into Binance, which could signal some selling pressure in the short term. However, it's important to remember that news events like these are just one factor among many that can influence the price of Ethereum. So, If Ethereum manages to break above the solid resistance at the 4-hour timeframe 1 Fibonacci level at $1939 and the local resistance at the 4-hour timeframe upper Bollinger band at $1916, we may see a bullish momentum in the short term. In this scenario, the next resistance level to watch out for would be the 24-hour high at $1881, followed by the 4-hour timeframe 0.5 Fibonacci level at $1872.50. If the coin manages to break above these levels, we may see a continuation of the bullish trend. On the other hand, If It fails to break above the 4-hour timeframe upper Bollinger band at $1916 and the 4-hour timeframe 1 Fibonacci level at $1939 and instead drops below the solid support at the 4-hour timeframe 0 Fibonacci level at $1806, we may see a bearish momentum in the short term. In this scenario, the next support level to watch out for would be the 24-hour low at $1824, followed by the 4-hour timeframe lower Bollinger band at $1804. If the coin manages to break below these levels, we may see a continuation of the bearish trend.
by MonoCoinSignal
22
INDIGO near the CONSOLIDATION BREAKDOWNThe price trading in tight Consolidation Range of 1800 to 1920 since last 40 days and formed the structure looks like the base formation. If price breaks the level of 1920 and closes and will sustain above the breakout level than we can see target of 1985 Which is a gap space. Gap space can act as strong resistance for the price towards the upside momentum and if price Sustain above the 1990+ level than we can head towards the target of 2055/2100/2150. If price not able to close above the 1920 and price rejection from 1920 will again make it Rangebound. Breakdown below the 1800 will leads to fall Towards the Level of 1750/1700 ✅
NSE:INDIGOLong
by Jha_Nidhi
TORRENTPHARM NEAR BULLISH MOMENTUM VIEWThe price trading near weekly demand zone . A significant decline has been seen in the price and the price is now trading near the demand zone. so the price can takes rest from the decline and can move upwards from the support zone and RSI also taking support near 40 level which shows upward momentum of price. If price respects this levels than price can move for their upper targets of 1560/1595+ #TORRENTPHARM 📊 👉Price at weekly support zone 1430📈📉 👉RSI at 40 support 👉Support seen at 1445/1450✅ 👉Reversal sign📈 👉If holds then its can move for 1560/1595+🎯 👉Add to your watchlist👍 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:TORNTPHARMLong
by Jha_Nidhi
BluetonaFX - GBPUSD UPDATE 02/05/2023Hi Traders! Our GBPUSD bear channel setup earlier this morning reached the predicted 1.24364 support level and the market seems to have reacted to this level by having a small rally back to the range. Here we will see whether we continue this small momentum upwards to test the resistance level of 1.25845 or whether we go back to the downside and retest 1.24364 for a second time. We will continue to let you know of further potential opportunities to come. Please remember to like and comment. Thank you for your support! BluetonaFX
by BluetonaFX
M_M near the SUPPORT LEVELWe have seen 20% correction from the All Time High level of 1397 level and now Price near the support zone of 1120 -- 1145. If price consolidate between the range of 1150--1185 and than breaks the 1185 level than we can see upmove towards the upside and target will be 1215/1250+ If price breaks the level of 1120 and closes than target will be 1080/1060+ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad.
NSE:M&MLong
by Jha_Nidhi
TATACONSUM DOUBLE BOTTOM FORMATIONThe price corrected 16% from the level of 820 and price continuously formed lower lows & lower highs. And now price formed DOUBLE BOTTOM formation on daily chart which considered as bullish formation for the price. Downward trendline also resisting the price from the upside. If price breaks the level of 810 and closes above it than target will be 722/740/760 towards the upside. The level of 685 is support level for the price. Breakdown below 685 leads more fall in the price
NSE:TATACONSUMLong
by Jha_Nidhi
📈 4 Ways To Use The Moving Average📍 What Is a Moving Average (MA)? In finance, a moving average (MA) is a stock indicator commonly used in technical analysis. The reason for calculating the moving average of a stock is to help smooth out the price data by creating a constantly updated average price. By calculating the moving average, the impacts of random, short-term fluctuations on the price of a stock over a specified time frame are mitigated. Simple moving averages (SMAs) use a simple arithmetic average of prices over some timespan, while exponential moving averages (EMAs) place greater weight on more recent prices than older ones over the time period. Common moving average lengths are 10, 20, 50, 100, and 200. These lengths can be applied to any chart time frame (one minute, daily, weekly, etc.), depending on the trader's time horizon. The time frame or length you choose for a moving average, also called the "look back period," can play a big role in how effective it is. An MA with a short time frame will react much quicker to price changes than an MA with a long look-back period. In the figure below, the 20-day moving average more closely tracks the actual price than the 100-day moving average does. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
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by QuantVue
6
A Market in Equilibrium?The current price of Ethereum is 1840 and it's been hovering around this range for a while now. Looking at the 1-hour timeframe, we can see that the change in the past 24 hours is -0.69%. This is a slight dip, but nothing too alarming just yet. The RSI is currently at 48, which indicates that Ethereum is neither oversold nor overbought at the moment. In terms of Fibonacci levels, the 1-hour timeframe 0 Fibonacci is at 1827, the 0.5 Fibonacci is at 1858, and the 1 Fibonacci is at 1890. So we have some key levels to watch out for here. Now, let's take a look at the Bollinger Bands. The upper band is at 1877, the lower band is at 1834, and the middle band is at 1856. The current price is close to the middle band, so we might see some consolidation around this level. The volume oscillator is at -7%, which indicates a slight decrease in volume. The MACD is currently at -3, which is a bearish signal. However, the stochastic oscillator is at 50, which is a neutral signal. So we have some conflicting signals here. The EMA 50 is at 1863, which is also close to the current price. The On-Balance Volume (OBV) is currently at -284.930K, which indicates that there might be more selling pressure at the moment. So what does all of this mean for trading? Well, the support levels to watch out for are around 1827 and 1834, while the resistance levels are around 1877 and 1890. If Ethereum breaks above the resistance levels, we might see some bullish movement toward the next resistance level. On the other hand, if Ethereum breaks below the support levels, we might see some bearish movement toward the next support level. In terms of bullish and bearish scenarios, a bullish scenario would be if Ethereum breaks above the resistance levels and continues to climb toward the next Fibonacci level. The target for this scenario would be around 1920. On the other hand, a bearish scenario would be if Ethereum breaks below the support levels and continues to fall toward the next Fibonacci level. The target for this scenario would be around 1780. Overall, there are some conflicting signals at the moment, but we have some key levels to watch out for. As always, it's important to keep an eye on the market and adjust your strategy accordingly.
by MonoCoinSignal
8
Mixed Market Signals Suggest Caution AheadAlright, let's take a closer look at Bitcoin and see what the current market conditions are telling us. Bitcoin is currently trading at $27650 with a 24-hour change of +1.25%. Looking at the Relative Strength Index (RSI), we can see that it's currently sitting at 45, which suggests that the market is neither oversold nor overbought. Now, let's move on to the Fibonacci levels. The daily timeframe for Bitcoin shows 0.0 at 31018, 0.5 at 25281, and 1.0 at 19545. The support level for Bitcoin is at $25281, which is the 0.5 Fibonacci level. On the other hand, the resistance level is at $31159, which is the upper Bollinger band on the daily timeframe. The Bollinger Bands are also worth looking at. The upper Bollinger band is currently at $31159, the lower Bollinger band is at HKEX:26768 , and the middle Bollinger band is at $28963. If Bitcoin can break above the upper Bollinger band, we might see some bullish activity in the market. Moving on to the volume oscillator, we can see it's at -12.65%, which is quite low. This suggests that there is currently low volume in the market. The MACD is at +227, which is a positive signal for Bitcoin. Furthermore, the Stochastic Oscillators are at 13.38, which suggests that the market is oversold. The Exponential Moving Average (EMA) for 100 days is at 25243, and the On-Balance-Volume (OBV) is at -1.647M. If Bitcoin manages to break above the 100-day EMA, we might see some bullish activity in the market. However, if it falls below the 0.5 Fibonacci level, we might see some bearish activity. In terms of targets, if Bitcoin breaks above the upper Bollinger band, the next target could be the 0.0 Fibonacci level at $31018. However, if it falls below the 0.5 Fibonacci level, the next target could be the 1.0 Fibonacci level at $19545. In summary, the market conditions for Bitcoin suggest that it's neither oversold nor overbought, and there is a low volume in the market. The support level is at $25281, and the resistance level is at $31159. If Bitcoin breaks above the upper Bollinger band, we might see some bullish activity in the market, but if it falls below the 0.5 Fibonacci level, we might see some bearish activity.
by MonoCoinSignal
30
Bulls Gain Momentum But Key Levels Hold the KeyEthereum is currently trading at HKEX:1872 , with a 24-hour increase of 1.21%. This means that the bulls are starting to gain some momentum, but it's still not enough to break through key resistance levels. Speaking of resistance levels, Ethereum has two of them to contend with TSE:2136 and $2141. On the other hand, there are two support levels that Ethereum needs to maintain: $1754 and $1367. Now, let's look at some of the indicators to help us understand the current state of Ethereum. First up are the Fibonacci retracement levels, which are 0, 0.5, and 1. Currently, Ethereum is trading below the 0 Fibonacci level, indicating that the trend is bearish. However, the bulls could turn things around if they can push Ethereum past the 0.5 level at $1754. Next, we have the Bollinger Bands. Ethereum is currently closer to the lower Bollinger Band, which indicates that the price is nearing oversold levels. This could potentially lead to a reversal in the short term, especially since the Stochastic Oscillator is also in the oversold zone. Moving on to the MACD, which is currently at +33.68, indicating a potential upward momentum. However, if the MACD falls below the zero line, it could signal a prolonged bearish trend. In terms of trading volume, the Volume Oscillator is currently at -11.70%, which is lower than the average volume. This could mean traders are waiting to see if Ethereum can break through key resistance levels before jumping in. Finally, the On-Balance-Volume (OBV) is currently at 43.046M, indicating that the buying pressure is higher than the selling pressure. This is a positive sign for the bulls, but they need to maintain this momentum if they want to see Ethereum reach its potential targets. So, what are the bullish and bearish scenarios for Ethereum? If Ethereum can break through the upper Bollinger Band and the 0 Fibonacci level at $2141, it could experience strong upward momentum, potentially reaching its next resistance level at $3000. However, if Ethereum fails to break above the upper Bollinger Band and falls below its current support level at $1754, it could experience a downtrend, potentially reaching its next support level at $1367. In summary, Ethereum is in a precarious position at the moment. While there are some bullish indicators, such as the MACD and OBV, there are also some bearish indicators, such as the fact that Ethereum is trading below the 0 Fibonacci level. Traders should keep a close eye on key support and resistance levels, as well as indicators such as the Stochastic Oscillator and the Volume Oscillator, to determine the best course of action.
by MonoCoinSignal
12