Alikze »» SOL |Corrective leg C scenario🔍 Technical analysis: Corrective leg C scenario
- In the weekly time frame, wave 5 continued up to the 2.618 Fibo area.
-After that, it entered a combined cycle correction. According to the selling pressure candle in the supply area in time 1W, it can be considered that the upward corrective wave B has ended.
- In the analysis of the previous post, the details of the corrections in the weekly time frame have been reviewed.
- After the instability above the PRZ zone, the correction extended to the green box and the size of the Fibo 1.618 of the previous wave.
Due to the completion of the short-term structural reform, this demand can extend to the supply area after retesting the areas.
Therefore, any upward correction will continue until it breaks the supply zone and can retest the second green box of the liquidity zone.
- If this correction ends flat or if wave C is completed higher than wave A, the correction process can end.
- Otherwise, the minimum correction will continue up to the $100 range.
💎 Possible scenario: we should witness an upward correction, and if the supply zone does not break, after that, it should be faced with selling pressure, which can extend and stretch the correction leg C to the $100 range.
💎 In addition, if the supply area of break and above stabilizes, the bearish scenario ends and needs to be re-examined and updated.
🛑 Resistances: 150 - 163 - 175
🟩 Support: 100-113-125
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ETH-D
ETH/USDT 1d chartHello everyone, here's a quick review of the situation on ETH in pair with USDT on a one-day time frame. as you can see, we are moving in a triangle.
To determine support zones, we will use the Fib Retracement grid, thanks to which we have a visible zone from $3,254 to $3,056, but when the price breaks out of it, we still have support at $2,819.
looking the other way, we will define the resistances in a similar way and here we can see the first resistance at the price of $3,526, then the second one at $3,695, and then we have a strong resistance zone from $3,814 to $3,972.
Alikze »» BCH | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- It is moving in a medium-term ascending channel.
- But now, due to the structural correction, it is moving in a short-term downward channel.
- Currently, due to the breakdown of the structure and the downward slope, as well as the movement in a short-term downward channel, it can continue with the pullback to the broken structure and the supply zone to the origin of the correction movement.
- Therefore, it can continue the correction with a retest up to the ceiling of the short-term descending channel and the supply area and complete the last leg up to the 250 range by breaking the major ceiling.
💎 Alternative scenario: if it can break the supply zone, the first target will be the $500 range, which can be considered as a pullback to the major ceiling.
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ETH Long Trade SetupMarket Context:
ETH has shown strong performance against BTC, attempting to break a significant monthly downtrend on the ETH/BTC chart. This potential breakout could lead to a substantial bullish move for ETH. Against USD, ETH is at a major resistance band around $3,500. A break above this level could attract more bullish interest. Key support levels to watch for ETH are $3,380, $3,330, and $3,250.
Trade Setup:
Entry: Enter a trade at the current resistance band around $3,500 or on a pullback to key support levels ($3,380, $3,330, and $3,250) if the resistance breaks.
Take Profit: Set profit targets at $3,700, $4,100, and $4,350.
Stop Loss: Place the stop loss just below the key support at $3,250 to manage potential downside risk.
📊 Monitor the ETH/BTC chart and USD levels closely, and adjust your strategy accordingly! #ETH #CryptoTrading #BreakoutStrategy 🎯
Ethereum Waiting For A Great EntryAs seen on the chart, ETH has been trading alongside two strong bullish supports over the course of the last two years.
Personally, I'm waiting for a better entry before considering a near-term long swing entry, trade is on the chart.
These supports have historically held strong, so chances are that they will continue to do so. Keeping the TP close to reduce risk.
A riskier bet would be to put the TP at 5.000, higher risk and also higher reward.
EOS (EOS): Looking For Rejection And Movement To Lower ZonesEOS is looking sweet after forming 2 double bottom zones and getting rejected by that neckline/resistance zone, which now has pushed the price back to lower zones.
We are looking for steady and steep pressure from sellers from now on, which would result in a movement to the zone of liquidity and a break of that zone there as well!
Swallow Team
$ETH is weakening against $BTC in LTF?#eth / #btc pair rallied in last 2 months period and needs to rest i think. A bearish divergence is formed in #ethereum against #bitcoin chart. Retrace to red box is necessary. Breaking up the channel with huge volume is the invalidation of divergence. Not financial advice.
DOGE Massive Move Incoming? Pump To 2$!Disclaimer: this analysis is based on two previous occurrences in a vastly different macro market and solely based on time. Although it's not likely that the analysis will play out exactly as shown, it's still a fun thought to consider.
In this analysis I want to shed some light on DOGE's previous price action and compare it to the current market. In the previous two bull-cycles, DOGE saw a +9,000% and a +30,000% between 38 and 34 months AFTER the previous top.
In February, where we can argue that DOGE's bull-cycle has started, we were at 33 months after the previous cycle top. Close enough!
If DOGE increases by a fraction of what it did in the previous two cycles, we can very easily argue that a 1$ or even a 2$ value per token is not too far-fetched.
Are you bullish on DOGE? Share your thoughts.
TECHNICAL ANALYISIS WITH TRADE PLAN ETH /USDT ON 1H TIMEFRAME BIAscending Channel:
The chart shows Ethereum moving within an ascending channel, which generally indicates a bullish trend. The price recently broke below the ascending channel, suggesting a potential correction.
Support and Resistance Levels:
Support levels are identified around 3,300 and 3,200 USDT.
Resistance levels are around 3,400 and 3,600 USDT.
Indicators:
VMC Cipher B Divergences: Mixed signals with some bearish and bullish divergences. The current state suggests a bearish divergence.
RSI (Relative Strength Index): Currently at 49.51, indicating a neutral position. No clear overbought or oversold condition.
Stochastic RSI: Shows an oversold condition with a value of 17.22, which might indicate a potential buying opportunity soon.
Trading Plan:
Intraday Trading:
Entry: Look for long positions if the price shows a strong support bounce around 3,300 USDT.
Exit: Target the first resistance level around 3,400 USDT.
Stop Loss: Place a stop loss slightly below the support level at 3,280 USDT.
Strategy: Monitor shorter time frames (e.g., 15-minute chart) for bullish candlestick patterns or momentum indicators turning positive before entering.
Scalping:
Entry: Enter long positions at support levels identified on the 5-minute chart, especially if there is a double bottom or strong reversal pattern.
Exit: Quick profits at minor resistance levels or key moving averages on the same chart.
Stop Loss: Tight stop loss just below the immediate support levels, such as 3,290 USDT.
Strategy: Use high-frequency trades to capitalize on small price movements, considering both support and resistance levels.
Swing Trading:
Entry: Consider entering long positions if the price bounces from 3,300 USDT support level, confirming a reversal.
Exit: Aim for the resistance level around 3,600 USDT.
Stop Loss: Place a stop loss around 3,200 USDT to protect against deeper corrections.
Strategy: Hold the position for a few days to a week, allowing the trade to develop. Use the daily chart to identify entry and exit points.
My advice:
Long Position: Favor long positions at current levels, given the oversold conditions on the Stochastic RSI and the presence of support around 3,300 USDT. Watch for a confirmed reversal signal before entering.
Short Position: Consider short positions if the price fails to hold the 3,300 USDT level and breaks lower, aiming for the next support at 3,200 USDT.
Risk Management: Always use stop losses to manage risk and protect capital. Adjust stop loss levels according to the volatility and trade timeframe.
Overall, the current technical setup suggests a cautious long bias, waiting for confirmation of support holding and potential reversal signals before entering trades.
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot which acts as a pullback resistance and could fall to the 1st support.
Pivot: 3,398.39
1st Support: 3,223.98
1st Resistance: 3,247.41
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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.
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Jun.19-Jun.25(ETH)Weekly market recapThe market fell further as we expected last week. During the economic data window, the market began to price in only one interest rate cut this year. This is not just for crypto market, but for all financial markets. This is likely to last until early July, before bulls come back and bring enthusiasm again. During this period, the PCE released this Friday will bring about a small rebound.
In addition, multiple BTC ETFs have experienced net outflows for several consecutive days, which is also a microcosm of the US market sentiment. After some asset management companies submitted S-1 documents for the ETH ETF, the market expected that the ETH ETF would be officially listed in early July, which would also bring about a small-level rebound.
Regardless, we are on the way to a rate cut, and the long-term trend for all types of financial assets must be upward.
ETH fell less than BTC. This may be related to the upcoming listing of ETF ETH. Yesterday's decline saw significant trading volume, but eventually a pin-bar formed. For ETH, the MBF indicator does not indicate bottom-buying sentiment. There is no obvious blue column representing whales on the TSB indicator. The ME indicator continues to maintain a bullish trend, but the wavy area gradually narrows.
To sum up, we believe that ETH is likely to remain fluctuating this week. We maintain our original resistance level 4000 and support level 2800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
(ETH) ethereumA made up idea here. The lines converge in the middle of july. If the price of Ethereum climbs towards that moment there is a good chance Ethereum crashes. If the price of Ethereum stays neutral or even declines leading to the middle of July there is a good chance the price of Ethereum rises. Mysterious.
The Olympics start at the end of July. . . . . . .
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:ETHUSDT
After this downward movement , price now it is close to the most important Fibonacci level, which after reaching it, the price can react.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin: Moment Of Truth For Bulls! Inverse Head & ShoulderTwo weeks ago I made an analysis where I discussed a potential short-term bearish view on Bitcoin's price, see below. I argued that if I were a bull, I'd wait for either a new all-time high break out or a sizeable correction before stepping in the market again.
As seen on the chart, my purple support line is holding (for now!). A reversal from this area would make it a perfect inverse head & shoulders pattern, which is a bullish reversal pattern.
To strengthen my short-term bullish view, Bitcoin's daily RSI has hit oversold for the first time since August 2023, 10 months ago!
Patient bulls have been waiting for a long time for the RSI to hit oversold again on the daily.
Whether it will be enough remains to be seen. However, I can clearly see that there's a great bullish short-term opportunity here. See signal on the chart. Be aware, it's a risky trade.
ZCX - Excellent Support holding - Expecting Pump soon#ZCX #Analysis
Description
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+ Price is heading towards the strong support zone, this support held for long time
+ Expecting the price to bounce back after hitting this support zone
+ You can enter the position now, or when it hits the support.
+ SL is below the support line
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VectorAlgo Trade Details
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Entry Price: 0.16518
Stop Loss: 0.10819
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Target 1: 0.20471
Target 2: 0.25980
Target 3: 0.34376
Target 4: 0.46859
Target 5: 0.61632
Target 6: 0.91315
Target 7: 1.52410
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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VectorAlgo
BTC - Daily TR phaseIn the daily timeframe, Bitcoin is navigating within a defined trading range, characterized by a descending channel with a gentle slope. This pattern suggests a period of consolidation following the substantial bullish momentum observed earlier in the year. The channel's boundaries are formed by resistance around the $73,000 level and support near $60,000. The gradual decline of the channel reflects a controlled correction rather than a sharp drop, which can often indicate a healthier retracement phase within a larger bullish trend.
Observing recent price action, Bitcoin has encountered resistance twice within this descending channel, failing to break through the $72,000 zone. Each attempt has resulted in a pullback, highlighting the strength of the resistance level. The current price action suggests a possible decline towards the support zone at the lower boundary of the channel. Despite these pullbacks, there is a possibility that Bitcoin may find support above the lower end of the channel, potentially around $60,000 to $62,000. This would reflect buyers stepping in at higher levels, indicating underlying bullish sentiment even within the corrective phase.
The behavior within this channel is critical for anticipating the next move. If Bitcoin finds support higher than the channel's bottom, it could set up for a bullish breakout in the future, targeting a move back towards and potentially above the resistance zone. Conversely, a failure to hold these higher support levels might lead to a test of the channel's lower boundary, necessitating a closer watch on the $60,000 support area for potential buying opportunities. Overall, the descending channel should be monitored for signs of consolidation, accumulation, and possible reversal, which could provide clues to the next major move for Bitcoin.
24/06/24 Weekly outlookLast weeks high: $67,290.83
Last weeks low: $62,212.60
Midpoint: $65,251.72
Despite the seemingly endless chop, last week was a very interesting one for BTC. Micro strategy added ~$800 worth of Bitcoin to their balance sheet, putting them at 226,000BTC, just over 1% of the entire BTC supply that will ever exist! In relation to microstrategy, Michael Dell has been sending some cryptic tweets reacting to the news that Saylor has added even more to their balance sheet. “Scarcity creates value” was his response. With the news that Dell is potentially buying or looking to buy Bitcoin it’s strange that BTC has dropped in price overall with overall sentiment in the space being very negative.
As we continue to slowly sell off and alt oins continue to get destroyed in both their stable and BTC pairs, I would like to see a clear capitulation wick with obvious strength on the bounce. It’s hard to say at what level that will come to, many are calling for GETTEX:52K which is a clear Bullish OB+, so it could be there however that would be devastating for all alt coins and may/probably have a bearish effect on the launch of the ETH ETF which is coming in the near future, 1/2 weeks.
For this week it’s purely about survival and looking for signs of capitulation, max fear and showing of strength following any potential sell offs. A slow bleed down within a range is very hard to catch the bottom but it would be better to see clear signs of reversal.
Potential bullish rise?ETH/USD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
Entry: 3,347.20
Why we like it:
There is a pullback support level.
Stop loss: 3,212.96
Why we like it:
There is a pullback support level which lines up with the 138.2% Fibonacci extension.
Take profit: 3,620.38
Why we like it:
There is a pullback resistance level.
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(ETHUSDT 1M chart)
The key is whether it can receive support near the Fibonacci ratio point of 0.618 (3548.07) and rise above the upper point of the HA-High indicator box on the 1M chart.
If the price is maintained above the HA-High indicator, I think there is a high possibility of a full-fledged upward trend.
Therefore, it is expected that a full-fledged upward trend will begin only when the price is maintained above the 3321.30 point, which is the HA-High indicator point on the 1M chart.
If not, and it falls, you should check for support around 0.382 (2647.80).
(1W chart)
It has touched the psychological volume profile zone and is rising.
The key is whether it can receive support in the 3503.68-3730.71 range and rise above 4093.92.
If not, and it falls, you should check for support around 3025.27-3321.30.
If the price maintains above 4093.92, it is expected to rise to around 4868.0.
(1D chart)
It should rise to the HA-High indicator box section (3570.0-4010.98) on the 1D chart.
Accordingly, the key is whether it can receive support around 3570.0 and rise above 3903.61-4010.98.
If the price is maintained above 3903.61-4010.98, a full-fledged upward trend is expected to begin.
The 3025.27-3321.30 section is the HA-High indicator section of the 1M and 1W charts, so it is an important section.
Since the price broke above this important zone with a sharp increase, if the price holds above 3025.27-3321.30, it is expected to renew the latest previous high.
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(1D chart)
Please refer to the HA-Low and HA-High indicators used to initiate trading and the BW indicator to verify them.
We need to check if we can receive support around the current secondary range, that is, the 3570.0-3730.71 range.
If you were unable to buy around 2817.0-3025.27, I think it would be a good idea to check for support in the 3903.61-4093.92 range and proceed with buying.
The reason is that the HA-High indicator was created and a high point was formed.
Therefore, the HA-High indicator point at 3903.61 can become a resistance point.
From a day trading perspective, if support is confirmed around 3570.0, you can buy and sell around 3903.61.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched.
#BTCUSD 1M
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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(ETH) ethereum "arrays_new cycle drift"Both Ethereum and Bitcoin had run their course through the timeframe of about 12 days for each of the 9 different sections of the arrays. As the arrays get lighter and more faint the price gets closer to reaching the moment of regenerative investment. The price of both Ethereum and Bitcoin were so close to the most faded section of the array. I kept waiting wondering if it was the moment for when I should place a spot, or many. Then the array was found to reignite into a darker array with almost no change in price, huh? Such dramatics to keep guessing about. If I know this and they know I know this they must not be using this so now I need to find the thing they are using or make a new one of these.