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Ethereum (ETH/USDT) – Elliott Wave Long-Term AnalysisBINANCE:ETHUSDT 📈 Ethereum (ETH/USDT) – Elliott Wave Long-Term Analysis 🕒 1W Chart – Macro Projection According to my Elliott Wave count, Ethereum is currently completing a complex WXY correction in wave 4. The final leg, wave C of (Y), could drive the price down into the key support zone between $895 – $865, aligning with the 161.8% Fibonacci extension. ✅ Buy zone: $895 – $865 ❌ Invalidation: sustained break below $865 🔴 Major resistance: $3,509 🚀 If the structure plays out, a powerful wave III-IV-V rally could follow, with long-term targets potentially above $9,000 by 2034. This scenario remains valid as long as the corrective wave stays above the invalidation level. A bullish macro structure is still intact. 💬 Drop your thoughts or alternate counts in the comments! 🔁 Like & share for more ETH updates 🔥
Long
by Trwin
BTC made a bottom at 200MA on 2D. What's next?So far, everything is in line with the fractal I shared earlier, and this was the bottom. The first stop was around the 50MA on 2D, and the next target, before a major correction, was the 0.618 level. If that's the case, we could test 88-90k by the end of April and then move towards 96k. If the price fails to break through the 50MA relatively easily, as it did earlier, then we will be talking about a different scenario. P.S. Timing could be off, but that doesn't really matter to me.
INDEX:BTCUSD
by FallingWedge
falling wedge on thor mid/short term. Open longs now guysA wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics: first, the converging trend lines; second, a pattern of declining volume as the price progresses through the pattern; third, a breakout from one of the trend lines. The two forms of the wedge pattern are a rising wedge (which signals a bearish reversal) and a falling wedge (which signals a bullish reversal). In this casw we have a falling wedge. RSI looks good aswell. use MAs for short sell targets, green trend lines represent support/resistance levels... anyways more on the falling wedge and some stats (we wont talk about the 20% staking rewards rn but keep yield in mind for this trade...) Falling Wedge When a security's or cryptos price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line. A falling wedge pattern is seen as a bullish signal as it reflects that a sliding price is starting to lose momentum and that buyers are starting to move in to slow down the fall stats: Falling wedge statistics - In 82% of cases, the exit is bullish. - In 55% of cases, a falling wedge is a reversal pattern. - In 63% of cases, the pattern’s price objective is achieved when the resistance line is broken. - In 53% of cases, the price makes a support pullback on the falling wedge’s resistance line. - In 27% of cases, false breaks (false exits) appear. Notes on falling wedges - The contact points on the falling lines must be significant because otherwise it might be a flag. - The steeper the falling wedge’s trend lines (falling strongly), the more severe the upward movement is at the breakout (exit from the chart pattern). - False breaks (or false exits) give an indication of the direction of exit. If a false bullish break occurs, the exit will be downwards in only 3% of cases. Exploiting a false bullish break is therefore statistically low risk. - Retracements are generally twice as fast as the falling wedge was in its formation - Pullbacks are detrimental to the pattern’s performance. - The break out point (exit) generally occurs at 60% of the length of the falling wedge. - Very wide falling wedges give better performance than narrow falling wedges. For your information: A falling wedge is a reversal chart pattern. Its opposite is a rising wedge.
Long
by dead4586
ETHUSD 1H chart pattrenMY buy position on ETH/USD at 1,670 with targets at 1,760 and 1,850 looks promising. Let's dive into some key factors to consider: Technical Indicators 1. RSI (Relative Strength Index): Check if ETH is oversold or overbought. An RSI below 30 might indicate a buying opportunity, while above 70 could suggest it's overbought. 2. MACD (Moving Average Convergence Divergence): A bullish crossover (MACD line crossing above the signal line) could support your buy position. 3. Support/Resistance Levels: Identify key support levels around 1,670. If there's strong support, it could bounce back up. Resistance levels near 1,760 and 1,850 might pose challenges. Market Sentiment 1. News and Trends: Keep an eye on crypto market news, regulatory announcements, and technological developments that could impact ETH's price. 2. Broader Market Conditions: The overall crypto market sentiment can influence ETH's price. A bullish trend in Bitcoin often lifts other cryptocurrencies. Risk Management 1. Stop-Loss Orders: Set a stop-loss below a significant support level to limit potential losses. This could be around 1,600 or lower, depending on the current support levels. 2. Position Sizing: Ensure you're not risking more than you can afford to lose on this trade. Consider your overall portfolio and risk tolerance. 3. Diversification: Make sure your portfolio is diversified to mitigate risks associated with crypto volatility. Additional Considerations 1. Volume: Check the trading volume. Higher volume can validate the strength of the price movement. 2. Trend Lines: Identify any trend lines that might 3. influence the price. A break above a downward trend line could signal a reversal. Next Steps Analyze Charts: Take a closer look at the ETH/USD charts on different time frames (1-hour, 4-hour, daily) to identify patterns and key levels. Stay Updated: Keep up with market news and technical analysis to adjust your strategy as needed. Review Risk Management: Regularly review your stop-loss and take-profit levels based on market conditions. Would you like to explore specific technical indicators or discuss potential scenarios based on market news?
COINBASE:ETHUSD
by JAMES_GOLD_MASTER_MQL5
BTC/USD Rejected at Supply Zone –Major Levels to Watch This WeekBitcoin is currently trading around $85,773, showing strength but facing stiff resistance near the $87,100 supply zone. Let's break down what the chart is telling us and why this week could be critical for price direction. Key Levels: Supply Zone: $86,800 - $87,500 → Price has been rejected here multiple times. This is the sell wall. Immediate Support: $82,882 → A break below could trigger a sharper move down. Major Demand Zone: $75,800 - $76,800 → Strong buyer interest in this region, marked by volume and past rejections. Other Key Levels: $83,547 – Mid-range support/resistance $78,552 – Potential bounce zone if breakdown occurs Price Action Insights: BTC is consolidating just below a major resistance. Volume is drying up near the top, suggesting either a breakout trap or an impending move down. Arrows indicate potential liquidity zones where smart money could sweep price before reversal. Scenarios: 1. Bullish Breakout: Clean candle close above $87,100 with retest → Target $89,000 - $90,000 2. Bearish Rejection: Strong rejection from supply zone → Watch $82,882 and $78,552 for reaction 3. Liquidity Sweep Play: Price spikes above supply to trap longs, then dumps hard → common before major macro news Fundamentals to Watch: U.S. economic data releases (highlighted on the chart – April 15 & 17) Any shift in Fed tone or inflation data could trigger volatility. Will BTC break above or fall back into the range? Comment your bias below! Like & follow for real-time updates and setups!
BITSTAMP:BTCUSDShort
by FrankFx14
#CGPT/USDT#CGPT The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.0650. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.0666 First target: 0.0680 Second target: 0.0714 Third target: 0.0740
Long
by CryptoAnalystSignal
#MYRO/USDT#MYRO The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We are seeing a bounce from the lower boundary of the descending channel. This support is at 0.01037. We have a downtrend on the RSI indicator that is about to break and retest, which supports the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.01134 First target: 0.01200 Second target: 0.01273 Third target: 0.01362
Long
by CryptoAnalystSignal
ETH Gameplan for the rest of the year?Assuming the markets take a breather and crypto also finds a bid, I'd see this possible scenario. The ugly stuff first, the death cross has already happened, ETH is in a downtrend with not much air to breathe. A falling wedge has formed that could break to the upside. If the market has legs and doesn't correct further for a while, then I would see a relief rally in equities. If the FED cuts rates in May, I'd expect a continuation over the summer. Still, I'd expect ETH to top out at around $2,400 (very optimistic) and bottom out at around $1,100 in winter/early 2026.
COINBASE:ETHUSD
by Mr_Tradalot
Unichain's 400K Daily Transactions: A Deep Dive into $UNI Introduction Unichain has recently announced nearly 400,000 daily transactions, signaling robust activity on its blockchain. As the native token of this growing ecosystem, UNI is poised for volatility and potential gains. This analysis explores the implications of Unichain's transaction volume on UNI's price trajectory and outlines actionable trading strategies for investors and traders. Market Analysis Transaction Volume Insight: The 400K daily transactions indicate strong adoption and utility within the Unichain ecosystem. Higher transaction volumes often correlate with increased demand for the native token, potentially driving UNI's price upward. Technical Indicators: Current price charts show UNI consolidating near key support levels. Traders should monitor RSI and MACD for bullish crossover signals, which could precede a breakout. Market Sentiment: Positive sentiment from Unichain's active development and growing user base contrasts with broader crypto market skepticism, creating a unique opportunity for contrarian plays. Trading Strategies Short-Term Trading: Execute scalp trades around volatility spikes triggered by volume announcements. Set tight stop-losses just below recent swing lows to manage risk. Swing Trading: Target a 5-10% price movement over 3-7 days as UNI breaks above resistance levels. Use on-chain data to confirm institutional accumulation patterns. Long-Term Investment: Accumulate UNI during dips, leveraging the project's fundamental strength and growing transaction activity as a hedge against market downturns. Competitive Analysis Compare UNI's metrics with similar DeFi tokens like UNI (Uniswap) and SOL (Solana). Unichain's transaction cost efficiency and scalability solutions position UNI favorably in the competitive landscape. Conclusion Unichain's 400K daily transactions present a compelling case for UNI's bullish potential. Traders should balance technical analysis with fundamental insights, preparing for both immediate volatility and sustained growth. Stay agile—market conditions can shift as quickly as transaction volumes grow.
COINBASE:UNIUSDLong
by xiannvyou0