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ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders, ETH has been hovering within a narrow range in the shape of a flat rising channel around a massive resistance zone $4,000 - $4,100. What's next? Scenarios: 1️⃣ Bullish - Continuation The bulls maintain control as long as ETH is trading within the rising channel marked in red. In this case, a movement towards the $4,000 - $4,100 resistance zone would be expected. 2️⃣ Bearish - Correction If the last low marked in green is broken downward, we will expect the bearish correction to start leading to a movement towards $3,100 demand zone. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
11
Bullish Continuation Pattern Signals Over 20% Upside Potential?Hi Realistic Traders, let's delve into the technical analysis of BINANCE:SOLUSDT On the Daily timeframe, the price has ascended above the EMA200 line, signifying a robust bullish trend. Recently, it has formed a bullish chart pattern (symmetrical triangle) and breached the upper trendline. Such a breakout typically indicates the continuation of a bullish trend. Furthermore, the MACD histogram transitioned from the negative zone to the positive zone, further endorsing the potential upward movement toward our first target at 185.72. Subsequently, the price may revisit the pullback zone before establishing a new high and achieving the second target at 227.21. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on SOLUSDT." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
6
BTC - 4H another fall for nowThese are important zones and trendlines on the BTC chart. Bitcoin is currently within an ascending channel and is moving towards the bottom of this channel. The Liquidation Heatmap chart highlights a significant liquidity zone just below the $65910 level. BTC is likely to target this liquidity, potentially driving the price downward to capture this value. This movement aligns with the ongoing trend within the channel. There is a crucial support spot at the bottom of the channel, just beneath the identified liquidity zone. This support level is expected to provide significant buying interest, potentially stabilizing the price and preventing further decline. Traders should watch this area closely, as it could be a pivotal point for BTC, either halting the current downtrend or providing a bounce-back opportunity within the ascending channel.
COINBASE:BTCUSDShort
by Sober_Trading
Manta ReversalThe main trend shows a sharp decline from a high of around $3.50 to a low of around $1.40 before the price begins to consolidate and a new pattern forms. There is a strong resistance area around $1.78 to $1.90 (blue area). Price has tried to break this level several times but is still stuck. Price Movement : Falling Wedge: There is a falling wedge pattern that has broken upwards, which is generally considered a bullish pattern. This pattern provides an indication that the price has the potential to rise further. Right now, Manta has succesful breakout of falling wedge and forming ascending triangle as a continuation pattern. The price is around the EMA 21, which indicates consolidation and potential further directional movement. There appears to be a Fair Value Gap (FVG) in the area of ​​around $2.00 to $2.40. If the price manages to break through the current resistance, the next target will likely be to fill this gap. Profit Target TP 1: Around $2.10, based on measurements from the falling wedge breakout TP 2: Around $2.40, the upper area of ​​the Fair Value Gap (FVG). Stop Loss: Around $1.66 or slightly below the 21 EMA to reduce risk, around $1.65
Long
by CryptoWizard_
Bitcoin's Post-Halving Surge: Is the Bull Run Here to Stay?Hi Realistic Traders, let's take a look into the technical analysis of BINANCE:BTCUSDT after halving! Bitcoin has consistently held above its bullish trendline, rebounding from it three times. Recently, it has moved above the EMA90 line again, suggesting the trend could continue. A closer look at the price action shows Bitcoin breaking out of a falling wedge pattern with a bullish Marubozu candlestick. The MACD momentum indicator has shifted from the negative to the positive zone. All these technical factors support the potential for upward movement toward our first target at 79,173 or the second target at 71,415. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
2
Let's hope ETHEREUM DOES NOT do THIS 😨BINANCE:ETHUSDT Ethereum is looking bullish after a strong bounce and a successful retest of the support zone at 2800. According to all Fibonacci logic, we SHOULD be hitting the 1.618 zone SOON. But we're not out of the woods just yet. There's a risk of a very bearish pattern forming IF we cannot close the daily ABOVE our previous resistance zone. This would form a nasty M-Pattern that could takes us back to 2800 and even lower. Technical indicators are extremely bullish right now, but this does not guarantee that sellers aren't waiting for us around the corner at 4000. Naturally, we can expect ETH to keep on following BTC closely over the next week. If Bitcoin makes another leg up, Ethereum will soon follow a day or two later. _______________________________
Long
by CryptoCheck-
Altcoin Market on the Brink of SurgeAnticipation Builds: Traders eagerly await capital inflow into altcoins, known for substantial gains during bullish runs. TOTAL3 Catch-Up: The TOTAL3 index lags behind the market, currently finding support between $670B and $705B. Breakthrough Attempts: Recent days witnessed multiple efforts to breach the upper limit at $705B, signaling a potential market shift. Surge Forecast: Upon breaking $705B, a surge in altcoin activity is expected, with resistance zones at $754B-$780B and $840B-$875B. Stay tuned for updates as the altcoin market gears up for potential gains! 🚀📈 #Crypto #Altcoins #TOTAL3 #MarketAnalysis #Cryptocurrency #Blockchain #Trading
CRYPTOCAP:TOTAL3
by Richtv_official
2
DOGWIFHAT #WIF NEAR TERM is TARGETTING $4.06-$4.33Per a inverse head and shoulders pattern that CRYPTOCAP:WIF is just now challenging the neckline. Overall the structure that WIF has laid down these past few months suggests a wonderful surge in prices that could see WIF getting close to the $10 zone #Memecoins are so powerful and make up a huge portion of the crypto sector. It is safer to allocate to the new and LARGE coins that have deep liquidity and bug 24 h volume that the brand new coins which most retail gamble on and and end up walking away with nothing buy sob stories.
CRYPTO:WIFUSDLong
by BallaJi
More BAD NEWS for XRP !!BINANCE:XRPUSDT & BINANCE:XRPBTC The price has lost a long-standing trendline which acted as support, a bearish sign for the foreseeable future (until we can reclaim daily candles above): XRPBTC is about to head for previous lows, during which time the price of XRP was 0.23c: This further supports my suspicion that XRP may be heading back to the 0.20s, as seen here: It is, however, important to note that each time the XRPBTC hits the bottom of a triangular consolidation, there is a small increase in the price. This could mean that we see another leg up before dropping lower: as you can see from the chart, we are now nearly back at XRPBTC level's that lead to the previous parabolic pump. Will this time be the same? I don't think so. XRP has been showing extreme weakness. However, it never hurts as a small part of a diversified portfolio... just for incase. __________________________
Short
by CryptoCheck-
ETH - Critical Zone 👀 Again!Hello TradingView Family / Fellow Traders, As per my last analysis, ETH rejected the $3000 support and traded higher. What's next? Scenarios: 1️⃣ Bullish - Continuation For the bulls to maintain control, a break above the $4,000 - $4,100 is needed. In this case, a movement towards the $4,500 resistance would be expected. 2️⃣ Bearish - Correction Meanwhile, the bears can still kick in for a correction towards $3,500 where we will be looking for new short-term buy setups. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
22
27/05/24 Weekly outlookLast weeks high: $71,999.47 Last weeks low: $69,028.57 Midpoint: $66,057.66 After a historical week for the crypto space with the ETH ETF approval has meant that BTC has taken somewhat of a backseat. Currently battling with the '21 ATH at SWB:69K while ETH is beginning to pic up strength in the ETH/BTC pair and take volume away from Bitcoin. Ethereum has been a relatively slow mover in comparison to some of the rest of the altcoin market. However, now that the ETFs are approved and it is to be expected that ETH will have huge Inflows just as BTC did with a >50% increase since approval. All this means that I could see BTC fighting the '21 ATH for sometime while the altcoin market and mostly ETH will take the spotlight for the next week at least. SWB:69K lines up well with the weekly range Midpoint and that's the key battle for BTC, so far this Bullrun we've seen BTC lead the way generally, could it be time for ETH to take over? This week I think ETH and ETH beta plays (OP, ARB, LDO, METIS etc) are the ones to watch, I would be cautious when it comes to Longing ETH blindly at this level, yes the massive demand increase will help price rise but as we saw with BTC after ETF approval, price did drop 18% over two weeks post approval. I'm not saying this will definitely happen with ETH, so far despite an initial 10% whipsaw price has stayed generally the same with a slight move up, however It is worth noting.
by ProR35