EthanTW

EthanTW Updated 

BYBIT:DOTUSDT 1H trend chart - With the strong support zone, that was formed from long-term neckline, and the upper downtrend line. Both keep price converging in a triangle formation, direction is still unknown. So just wait for a break from this triangle. If the upper downtrend line can be broken out, trading strategy as below. - Profit Targets: a)...

EthanTW Updated 

BYBIT:MATICUSDT 4H trend chart - an U pattern is forming, and will complete after hit 1.4421 Signal: 1) Rallied back to 12ema after hit 144 and 169ema 2) Got support on Fib(0.618) 3) From Darvas box, we can have the same amplitude from bottom(refer to right yellow ruler), then get target around 1.4381 - Trading strategy as below: Profit Targets a)...

EthanTW

BYBIT:LINKUSDT 1H trend chart - After price took out the neckline, the triple bottom pattern has been confirmed. Further it has retested neckline as a strong support. If price broke out the downtrend line, trading strategy as below. - Profit Targets: a) 30.199~31.102----Fib(1.272~1.382) b) 32.124----Previous high c) 35.578----Fib(2) *Notice that previous high...

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BYBIT:SUSHIUSDT 4H trend chart - Currently, price has built higher lows and just retested the downtrend line. Also, these lows formed on Support zone, Fib(0.382) and Fib(0.618) With obvious support signal, trading strategy as below. - Profit Targets: a) 12.921~13.303----Fib(1.272~1.382) b) 14.123----Fib(1.618) c) 15.450-----Fib(2) Stop losses: a) 9.885----Red...

EthanTW

BYBIT:ETHUSD 4H trend chart - Last time, we talked about that a Cup and Handle pattern is building in 1D chart of ETH(refer to my last analysis) As expected, price spikes recently and is approaching all time high. But, what if you didn't have any position of ETH, even you are so bull for it? How can you do to experience this historical surge right now without...

EthanTW

BYBIT:DOTUSDT 4H trend chart - Currently, price is in a descending tunnel, and gained 3 support during consolidating 1) 144 and 169ema, now it gets back on 12ema 2) Price left a tail while rapidly broke down the bottom of tunnel. 3) Fib( 0.618) With these 3 signals of bull, we could open position while tunnel is broken out, and trading strategy as...

EthanTW

BYBIT:EOSUSDT 4H trend chart - On 3rd Oct, the downtrend line was taken out, then price retested 3 indicators. 1) Downtrend line 2) 144 and 169ema 3) Fibonacci(0.618) So there is an effective support level around 4.404, and trading strategy as below. But should consider the current weak market, price might keep consolidating. - Profit Targets: a)...

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BYBIT:AAVEUSDT Notice in chart---Red: rise; Green: fall. 1H trend chart - Obvious Inverted head and shoulders is building Once the neckline of this H and S is broken out, which is previous resistance zone, trading strategy as below. - Profit Targets: a) 328~334.6----Fib(1.272~1.382) b) 348.75-----Fib(1.618) c) 371.65-----Fib(2) - Trading is a reflection of...

EthanTW Updated 

BYBIT:ADAUSDT Notice in chart---Red: rise; Green: fall. 4H trend chart - Price is converging in a triangle and built double bottom in previous. However, it didn't get surge while other crypto spiked. Due to the longest downtrend hasn't been broken, and 144,169ema(Vegas tunnel), neither. So just give it time to get trade off with space. If Downtrend line is...

EthanTW

BYBIT:ETHUSD Notice in chart---Red: rise; Green: fall 1D trend chart - 1. Pattern is forming Since 2020 Dec., ETH takes around 10 months to build a beautiful Cup and Handle . We just confirm the handle formed while the orange downtrend line was broken out recently. From the period this pattern took, we presume that a surge will happen before 31 Dec '21 *Cup...

EthanTW

BYBIT:ETHUSD Notice in chart---Red: rise; Green: fall 1D trend chart - 1. Pattern is forming Since 2020 Dec., ETH takes around 10 months to build a beautiful Cup and Handle. We just confirm the handle formed while the orange downtrend line was broken out recently. From the period this pattern took, we presume that a surge will happen before 31 Dec '21 *Cup...

EthanTW

BYBIT:COMPUSDT Notice in chart---Red: rise; Green: fall 1H trend chart - Price took out the long-term downtrend line, we consider it as a reversal signal. Additionally, price stood firm on Fib(0.618)level which is 338.4 With both conditions, trading strategy as below. - Profit Targets: a) 374.75----Fib(1) b) 400.65~411.10----Fib(1.272~1.382) c)...

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BYBIT:AVAXUSDT Notice---Red: rise; Green: fall in this chart. 4H trend chart - We shift the uptrend line from last post about AVAX as the link below. From this modified chart, rising wedge is ongoing and price still got support on Fib(0.382) Also, these lower highs form a downtrend line in the wedge. With this downtrend and shifted uptrend, price is...

EthanTW

BINANCE:ETHUSDT Notice in chart---Red: rise; Green: fall. 4H trend chart - ETH takes less time to spike than our last analysis post(link as below) Now it took a step back like faced something. Let's check what resistance ETH encounters right now. - 1. The longest Downtrend line Since 9/B, lower highs formed a long trend line and continuously resisted...

EthanTW

BINANCE:DENTUSDT 4H trend chart - Influence of News You must have the same experience...News coming everywhere day and night. It might be just a "news" for a child, salaried man or a retired man who is having a tea leisurely right now. However, we are all in a amazing, astonishing and terrifying market, depended on what the news is! Reminiscing Elon's...

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BYBIT:ETHUSDT - 1) Strong support from uptrend line 2) Downtrend line was broke out 3) Vegas_12ema was broke out - Profit Targets: 1) 3163-----Around resistance zone 2) 3285.35-----Next Downtrend line and Reverse Fib(0.382) level Stop losses: 1) 2780-----Green horizontal ray

EthanTW Updated 

BYBIT:AVAXUSDT - A rising wedge is building since 9/12 Although lots people told rising wedge is bearish flag, I think we could catch chance if made good use of it. - Apparently, the bottom of this wedge shows strong support before Also, price gained support gradually on Fib(0.382) and Fib(0.5), can note there are two lower shadow on Fib(0.5) Therefore, We...

EthanTW

BYBIT:ETHUSD - Resistance zone is formed of lows on 9/B~9/M and highs on 9/E With reversed Fibonacci retracement, support zone is marked. *You can refer to my last analysis about ETHUSD, showed how Darvas Box gives a support zone. - Here, time-space trade off is necessary to wait for the downtrend line keeps going.(blue dashed line) Therefore, we expect the...