Bullish Sentiments StrengthenBullish Sentiments Strengthen: Analyzing the Order Book and Key Levels
The crypto market often gives subtle signals that reveal the battle between bulls and bears, and the order book is one such powerful tool. Currently, the order book data suggests that bulls are actively dominating, indicating a potential continuation of the upward trend.
Interestingly, the market exhibited similar bullish activity at the same time yesterday, adding weight to the ongoing momentum. However, a critical level to watch is the previous day’s high. If the price manages to break this level and sustain above it, it would serve as a strong confirmation for bullish trend continuation.
Traders should remain cautious and look for sustained strength beyond the breakout to avoid potential false signals. Keeping an eye on volume spikes and order book imbalances can provide further confirmation of market sentiment.
In conclusion, the market is signaling bullish activity, but a decisive move beyond the previous day’s high will be the key factor to solidify a long-term uptrend.
Cryptocurrencysignals
Alikze »» LINK| Bullish Wave 3 or C Scenario🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1D
📣 BINANCE:LINKUSDT currency on the daily timeframe touched its targets in accordance with the analysis presented earlier, the scenario of the first of 3 bullish waves.
🟢 Chainlink touched its target after breaking out of the short-term descending channel.
🟢 It is currently in the supply zone on the daily and weekly timeframes.
💎Given the bullish momentum, this bullish leg, after breaking the supply zone, will have the ability to grow to the large supply zone of $60-$100.
💎In the first step after breaking the supply zone, the target will be $38 and $55.
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Alikze »» AI| Bullish Scenario - 1H🔍 Technical analysis: Bullish Scenario - 1H
📣 BINANCE:AIUSDT
🟢 If this price reversal meets support and reversal to the green box area and the Invalidation LVL bar is not touched. The currency correction is complete.
🟢 In the medium term, it will be ready to continue the upward rally.
🟢 If the area is touched. The correction will continue, which in the higher time frame can continue to the bottom of the ascending channel and the blue bar of the 0.39 range and be ready to continue the upward trend by forming a reversal pattern.
💎 The second scenario, if the Entry Area area is touched, it can have an upward trend in the short term by creating demand.
💎 In addition, if the Entry Area is broken, there is a possibility of further correction.
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Alikze »» ETC | Scenario 3 or C bullish - 1W🔍 Technical analysis: Scenario of wave 3 or C in the ascending channel
BINANCE:ETCUSDT In the daily timeframe, according to the analysis presented earlier , it encountered demand after reaching the Buyer zone, which led to the breakdown of the descending channel and the touch of the target of $25.
- Currently, after exiting the congestion, it is moving within an ascending channel, which is currently at the ceiling of the first channel.
💎 In case of correction, at the ceiling of the first ascending channel, it can encounter demand in the middle range of the channel or the OB zone and continue its growth to the ceiling of the second channel.
⚠️ In addition, in the bullish scenario, the Invalidation LVL zone should not be touched. ⚠️
💎In case of touching the mentioned zone, the currency's movement path should be reviewed and updated again.
Alikze »» SOL | Ascending channel - 1D🔍 Technical analysis: Last corrective leg, to the order block area
📣 BINANCE:SOLUSDT was analyzed and reviewed in the 4-hour and 8-hour time frames in previous posts, which touched their targets.
🟢 It is currently moving in an ascending channel on the daily time frame, which is correcting again to the bottom of the descending channel after reaching the channel ceiling and an unsuccessful breakout.
🟢 Given the current corrective structure, it can have two movement scenarios.
💎 Scenario 1: If it cannot break the red box area, it can continue the correction to the order block area.
💎 Scenario 2: If the red box area is not broken, the correction to the bottom of the channel and with a lower leg, it can meet demand and retest the previous ceiling.
🔔 If the behavior and structure change, the post will be updated.
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Alikze »» IO| Bullish Wave Five - 1D🔍 Technical analysis: Bullish Wave Five - 1D
📣 BINANCE:IOUSDT
🟢 In the analysis of the previous post on the 8-hour timeframe, it was noted that it is moving in a descending channel that can continue to correct to the Buyer Zone.
🟢 According to the analysis, after reaching the area, the price broke out of the congestion by touching the Buyer Zone several times and forming an ascending triangle pattern and continued its growth to the supply zone.
🟢 Currently, on the daily timeframe, it is suffering from a congestion in the supply zone.
💎 Therefore, if the price does not touch the Invalidation LVL zone, by breaking out of the congestion and breaking the supply zone, it can continue its growth to the next supply zone after breaking it.
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Alikze »» MOVR | Supercycle Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Super cycle Bullish Wave 3 or C Scenario - 1D
📣 MEXC:MOVRUSDT currency has encountered demand after a zigzag correction in the 3.61 range, which has had a rapid upward rally
🟢 After that, the price has had a double complex zigzag correction to the origin of the third upward wave.
🟢 Again, in the origin of the third movement, with a three-wave movement, it has encountered demand again in the area of the bottom of the ascending channel.
🟢 Currently, selling pressure is also observed in the ceiling of the ascending channel and the supply area.
💎 If this correction is broken in the form of a zigzag to the minor ceiling, it can be extended to the minor ceiling. It can again encounter demand and an upward rally to the minor ceiling of the previous rally.
💎 Depending on the momentum, this cycle can be a super cycle wave 3 or C to touch the red box area.
⚠️In addition, if the area touches the bottom of the previous wave, the bullish scenario is invalidated and should be re-examined and updated.⚠️
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ETHEREUM The Parabolic Rally to $10k has started!Ethereum (ETHUSD) is having a strong recovery rebound this week after marginally breaking below the 1W MA50 (blue trend-line) earlier. This indicates enormous buying pressure on the Bull Cycles first core Support level (the second being the 1M MA50 (red trend-line) which supported twice last Aug/Sep).
In comparative terms, relative to ETH's previous Bull Cycle, we are around the October 2020 levels, which was the last consolidation before the Cycle's main Parabolic Rally started. This is also evident on the 1W RSI fractals among the two. The rally exceeded by a small margin the 1.5 Fibonacci extension and formed the Cycle Top.
As a result, we expect ETH to hit at least the $10k level before this Cycle tops towards the end of the year. Technically, we should see the 1W MA50 support until the end.
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BITCOIN The minimum target of this Cycle is $185kIf you follow us for long, you know that we are very fond of using Fibonacci levels on Bitcoin (BTCUSD) Cycles in order to project future tops and bottoms. Today is one of those analyses, in fact it is a strong variation of the following Inverse Head and Shoulders call:
As you can see, that was based on the condition that BTC would make a first hit and rejection on the 0.786 Fib retracement and then (as it happened on the previous Cycle) would go for a Cycle Top on the 2.0 Fibonacci, which gives us a $165k Target.
Since the 0.786 Fib never really offered the rejection of the previous 3 Cycles, we are introducing a variation model with new parameters.
We take the Fib extension from the bottom of each Cycle to the moment it made contact with the 1W MA50 (blue trend-line). As you can see by applying these conditions, every Cycle since BTC's inception has hit at least the 5.0 Fibonacci extension, with all Cycles in fact making a perfect Top there with the exception of 2017, which even exceeded it.
As a result, we can claim that this Cycle will have a minimum peak at $185000.
How realistic do you think this is for the 'bad case scenario'? Feel free to let us know in the comments section below!
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BITCOIN vs GOLD Cycles. Yellow metal leads, BTC lags.In our early years as a channel we used to do a lot of analyses on the similarities of Bitcoin (BTCUSD) and Gold (XAUUSD) and how Gold Cycles could help predict BTC's future prices. The latter is called the 'digital Gold' after all.
Going back to our roots, we present to you today our latest cross-cycle comparison between the two assets, which offers interesting insights. As you can see, the Cycles of those two aren't always aligned. The correlation tends to end when Gold peaks and when it bottoms.
As you can see since 2018, when Gold starts a Bull Cycle, Bitcoin tends to lag behind, still being on its Bear Cycle. Then the two converge and correlate until Gold peaks and start its Bear Cycle. That is still relatively early for Bitcoin's bullish trend, which remains on its Bull Cycle, in fact has around 1 year ahead of it. As a result, the two start to diverge again.
Based on this model, it appears that Gold's Bull Cycle has peaked and Bitcoin is entering (black circle) its last stage of its Bull Cycle, with a Parabolic Rally being prepared. Still not too late to buy the 'Digital Gold' on this Cycle.
Do you agree with this correlation? Feel free to let us know in the comments section below!
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Ethereum (ETH/USD) Elliott Wave Analysis: Preparing for Wave 5In this analysis, we explore the Elliott Wave structure for Ethereum (ETH/USD), highlighting the potential price trajectory in the mid-term. The chart indicates that the market has likely completed Wave 3 and is now entering the corrective phase of Wave 4. Key support levels and possible reversal zones are identified, making this analysis highly valuable for traders.
Key Highlights of the Analysis:
Critical Support Levels: A strong support zone lies between $2865-$3022. It is expected that the price might find a temporary bottom here and initiate a rebound.
Wave 4 Scenario: Wave 4 is typically characterized by complex corrections and sideways movements. This presents an excellent opportunity to plan long entries, especially if the price consolidates in the identified zone.
Wave 5 Projection: After completing Wave 4, Wave 5 is anticipated to push prices toward $4550. This move could present significant profit potential for traders with a long-term perspective.
Fibonacci and Timing Alignment: Using Fibonacci tools has enhanced the precision of this analysis, identifying key levels with high accuracy. Moreover, evaluating the timeframes of each wave provides deeper insights into the overall market structure.
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Suggestions for Traders:
In the short term, patience is key while the price approaches the support zone. Monitor price action carefully within this range. Once a confirmed reversal is observed, you can set up long positions targeting the top of Wave 5. Don’t forget to implement proper risk management, as Wave 4 corrections often involve unexpected movements.
Save this analysis and feel free to share your thoughts or questions in the comments section. Don’t forget to follow me for more detailed analyses like this one!
FILUSD Accumulation almost over. Next stop $19.00.Filecoin (FILUSD) has been consolidating around its 1W MA50 (blue trend-line) for the past 4 weeks and appears to be at the end of the Lower Highs pattern similar to the one in 2019/20.
Both patterns held FIL's historic Support Zone, printed identical 1W RSI Cup formations and the past pattern initiated a strong 1-year rally above the Symmetrical Resistance Zone once the Lower Highs broke. Essentially the Descending Triangle patterns are Accumulation Phases before the Bull Cycle's main rally.
As a result, even though one last test of the Support Zone is technically viable, the upside at this time is already considerably greater than the risk involved, so in our opinion it is worth going long and have a modest 1W MA200 (orange trend-line) Target at $19.00.
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Celer Network $CELR Price Predictions for January 2025Several factors could play a significant role in shaping Celer Network's price by January 2025. The main and most important one is that a strong weekly demand imbalance at $0.001494 has just gained control in the weekly timeframe, and when this happens, we should expect a decent reaction.
PnutBINANCE:PNUTUSDT
📊 **Pnut Current Price: 0.6058**
- We're currently facing a **resistance** level at this price 🔴.
💥 If we break this resistance, the next levels to watch are:
- **0.6534** 🚀 (First target)
- **0.7433** 📈 (Next level)
- **0.8000** 🌕 (Major resistance)
🔻 **If the price doesn't hold above 0.6058**, we might see a dip to **support levels**:
- **0.5500** ⚖️ (First support level)
- **0.4500** ⬇️ (Stronger support)
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So, if the price breaks through resistance, we could see a bullish move. But if it falls below 0.6058, keep an eye on those support levels for possible rebounds! 💡
**Note:** This is not financial advice! Always do your own research. 📉📈
BITCOIN This week forms the bottom before it turns Parabolic.Bitcoin (BTCUSD) continues to repeat the 2014 - 2017 Cycle in great detail. So far besides the Bear Cycle Lower Highs that broke only after the Cycle bottom was priced, BTC has respected the replicated the two Accumulation phases above the 1W MA50 (blue trend-line), which is 2016 marked the last long-term buy opportunities before the market went on a Parabolic Rally in 2017.
As you can see, even the 1W RSI suggests that in relative terms we are in a pre-parabolic run pull-back similar to January 2017. There are high probabilities that this week is the one that forms the new bottom that will push the market to a continuous rally towards December 2025.
If the top is priced on the 7.0 Fibonacci extension from the Cycle bottom, as it did on December 2017, then we can expect to see at least $200k.
Buy what is your take on this? Do you think we are that close before a parabolic rally? Feel free to let us know in the comments section below!
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Falling towards 50% Fibonacci support?Ethereum (ETH/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance.
Pivot: 3,085.31
1st Support: 2,805.94
1st Resistance: 3,540.71
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ALTSEASON to $3 Trillion with BITCOIN at $200k??This is not the first time we make the comparison of the current Altcoin (Crypto Total Market Cap excluding top 10) Cycle with the 2014 - 2017 one. But it is the first time that we make this comparison, including Bitcoin's (BTCUSD) Cycles.
As you can see, there are striking similarities between the Alt Cycles:
a) Both bottom formations were in the form of a Cup pattern
b) A Pivot trend-line that turned from Resistance to Support
c) The MA50 (blue trend-line) was supporting once broken until the next Bear Cycle
d) A Bull Flag after the MA50 break-out found support on the MA50 and 0.382 Fib and started the Altseason (green Channel Up)
e) That Bull Flag started with a MACD Bearish Cross and ended on a Bullish Cross
It appears that we are now on the stage where Alts have the 1st consolidation of the Parabolic Rally. What's remarkable and the key difference between the two Cycles, is that this time BTC has diverged massively and made a new All Time High (ATH), while alts haven't.
Of course this is directly attributed to the Bitcoin ETF, which attracted enormous amounts of capital that pumped the asset beyond the technical restrictions of this model. This may be an indication however, that part of this capital may be diverted to Alts, once partial BTC profit taking takes place, as it has happened during every Altseason.
In any event, if the Cycle continues to replicate the 2017 rally, it should reach the -1.5 Fibonacci extension, which would translate to at least a $3 Trillion Altcoin Market Cap, while Bitcoin would be close to the $200k level! That may seem unrealistic in terms of market cap, but so did the levels during the 2020/21 and 2017 rallies. It all depends on whether Bitcoin can continues to attract outside capital with this pace, which will in turn grow interest on the rest of the crypto market and also on the rate of adoption (companies, consumer use of crypto).
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AVAXUSD Will the 1W MA50 hold and push the Cup & Handle higher?Avalanche (AVAXUSD) is about to complete a Cup and Handle (C&H) pattern on the 1W time-frame and currently the Handle part has found Support for 3 straight weeks on both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line).
This is also on the 0.5 Fibonacci retracement level of the Cycle. Technically we should see in the coming weeks the start of the 2nd Bullish Leg of the Bull Cycle and if it follows the C&H dynamics, we can expect it to target the 2.0 Fibonacci (blue) extension at $240.00.
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FIL/USDT Local trend. Wedge. Price squeeze. 30 06 2024Logarithm. Time frame 1 day.
🟣 Local trend . Part of the secondary trend, horizontal channel zone with a step of 372% external channel /180% internal channel, in which a descending wedge is formed. Now there is a local price squeeze, at the support zone of the inner channel.
Also superimposed is a slightly modified Gann fan, to understand the dynamic support/resistance zones during trend development and the time of reaching the price range. Percentages to key support/resistance levels are shown in cases of exit/non-exit from this zone are shown.
Line chart (without market noise).
🔵 Main trend . Formation of a large pump bowl, price in the second phase, that is in a horizontal channel (accumulation zone).
FIL/USD Major trend. From a high of $237 -99% Published on 01/22/2023 (1.5 years ago).
All current. A set range has formed.
Follow the link and click play on the chart.
Any buying expensive / cheap in this range is acceptable from the position of not only the main, but also the secondary trend of price movement development. But, still set adequate targets from the position of the trend and time of development of the cycle. US.
Main trend (without market noise) of this American cryptocurrency for 06 2024
BITCOIN Cycle Top can be as high as $200kBitcoin (BTCUSD) has started 2025 on high volatility amidst geopolitical and economic news input. 2025 is the last year of this Bull Cycle, according to the Cycles Theory which for more than a decade has been very accurate at predicting Cycle Tops and Bottoms.
** LGC, MMB and Pi Cycle *
On today's analysis we present to you this view in more detail by displaying Bitcoin's Logarithmic Growth Channel (LGC) with the addition of the Mayer Multiple Bands (MMB) and the Pi Cycle trend-lines. From the MMB we use its extremes, the 3SD above (red trend-line), which is the Mayer Top and the 3SD below (black trend-line), which is the Mayer Bottom. From the Pi Cycle we use a tighter range, its top trend-line (orange) and bottom trend-line (green), which form a zone that typically serves as more of a 'Fair Value' before the Bear Cycle's extreme selling and Bull Cycle's extreme buying (Parabolic Rally).
** Current Cycle in 2025 **
As mentioned, BTC has entered the last year of its current Bull Cycle. Based on this cyclical pattern, the 3 previous Tops have been either on a November or December. As a result, we expect the new Cycle Top to start forming by November 2025. The last one was formed above the Pi Cycle Top (never hit the Mayer Top) and on the 2nd LGC Zone from the top.
This suggests that even if the price barely tests the bottom for the LGC 2nd Zone from the Top, by November 2025 we should be close to $200000. Technically the projected Peak Zone should be within the 180k - 200k range. That may still be below the Pi Cycle Top, so technically we can argue that it is a fair scenario to expect and not an overly optimistic.
Unrealistic or not, this is what 3 separate traditional long-term models suggest.
But what do you think? Is a $180-200k Top a realistic expectation within 2025? Feel free to let us know in the comments section below!
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Bullish bounce?BTC/USD is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance that has been identified as a pullback resistance.
Pivot: 95,231.13
1st Support: 93,172.83
1st Resistance: 98,951.90
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards pullback support?Ethereum (ETH/USD) is falling towards the pivot which is a pullback support and could bounce to the 38.2% Fibonacci resistance.
Pivot: 3,314.10
1st Support: 3,213.30
1st Resistance: 3,501.74
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.