On the daily timeframe we have a sideways market. The bearish vector 5-6 has been played out. After the price interacts with the level of 3200 and the buyer’s strength shows, we can consider long positions with a target of 3722.
Hi everyone,
Ethereum price rose above 4000 level prior to the Dencun upgrade and started to fall afterwards. Ethereum price already dropped for almost 25% from the local high and there is possibility that it can go below 3000 level for a short period of time.
There is 3200 - 3000 support area from where price is bouncing back but there is possibilty that price...
🧠From the perspective of the macro cycle, we have broken the weekly short defensive point, which means that sooner or later we will challenge the historical high, so we remain bullish.
➡️Judging from the current structure, if we successfully break through the inflection point, then a double bottom and long structure will be established, which means that we will...
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊
Some time ago price declined to resistance level, which coincided with resistance area and broke it.
ETH declined lower $3240 level, but soon rose higher, making fake breakout and starting to grow in channel.
Inside channel, ETH soon reached resistance line and...
After Today news about the rate cuts not beeing so iminent and FED might reconsider cutting rates in june i expect ETH as all others hight risk products to contiune downtrend,for now i will post my analisys on lower time frame and in the days will come i will publish also my point of view about bigger timeframe,enjoy!
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Ethereum broke through the swing high. Expecting a follow through in the price. Will be looking to take longs/buy at the marked bullish zones. A break below the swing low would invalidate the trade.
#ETH UPDATE
#Ethererum breaks this symmetrical triangle pattern and is currently retesting, if it retests the pattern successfully, then technically we can expect a 40% bounce from here as per the pattern.
Stay tuned, I will keep updating as always.
Hi there,
ETHUSDT has the potential to reach the demand zone and turn bullish up to 3700.
The price is currently kept bearish by the 3355.73 lower high, for a bias of 3205.39.
On the bullish side, 3548.96 is a potential resistance area; exercise caution there.
If the price breaks 3059.03, it will invalidate the whole setup.
It's a beautiful week, calm, I hope...
Hello traders and investors!
It's time to update the forecast. During the last review (22.03.2024), we observed a short vector 5-6 in the sideways trend on the daily timeframe. The target of the long vector 6-7 was 3722 (see the chart from the last review). Currently, the long vector 6-7 has reached this target. At the top, there is a seller's zone with a lower...
first ladder should achieve by Thursday, side ways zone will might impact till Sunday evening and if second ladder achieve there is no stop till 4959 +- 50
Here is an update to our previous post:
Currently we have seen ETH perfectly test our trendline of old resistance flipped into new support. Right now ETH is creating the perfect structure to begin a leg higher.
CPI is tomorrow which will have a big impact on PA. Will continue to update these posts as price develops, but for right now structure is holding well.
BINANCE:ETHUSDT breaks out of the H4 resistance @3643.71 area. A rejection of same zone upon retest will signify a good entry for a long position. Immediate targets will be at 4071 and the all time high @4857.68. This does not mean there may not be some deeper pull back, I will however be looking to buy the dips. A rejection of the previous resistance forming a...
In the grand Cosmic Ballet of Finance, where Celestial bodies of opportunity align in the vast expanse of the market universe, we navigate the Ethereum Vortex with a seasoned Trader’s Poise.
Our chart, a Navigator's star map, is a chronicle of strategy, a testament to the art of Dollar-Cost Averaging (DCA), and an epic etched in the annals of digital...
The market overall is in an uptrend on the higher timeframes. However, on the 1H timeframe, the market is moving sideways. BINANCE:ETHUSDT formed a ractangle pattern, which it broke through later. The price reached the support level that was tested twice. It created another range zone. I expect an upward short-term move and a retest of the resistance zone/top of...
