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Trend Analysis

Ethereum on Breakout || an action pack analysis with logics Hey everyone, i hope you all will be doing good! Ethereum on Breakout, Let's discuss about this with logics:- Today we have seen falling Resistance trendline pattern breakout in all major timeframes, I am discussing here in weekly timeframe. Ethereum was facing resitance since march 2024 followed by june and july and finally it has given breakout successfully today. Many things i have already marked on chart. Let's go in some past of Ethereum chart, if you will check on chart it made all time high in nov 2021 at (4867.81) at that time chart was forming Head and Shoulder Pattern after that we have seen breakdown of H&S pattern in May 2022 and then price fell almost 64%, here i am talking from neckline breakdown to low at (879.80), according to the pattern of H&S neckline to head length was (56.67%) and it given target successfully in downside after perfect breakdown of H&S pattern. If we check from all time high (4867.81) in Nov 2021 to low (879.8) in june 2022 it fell (81.93%) and it started recovering in form of ascending triangle and we have seen that ascending triangle pattern breakout in Nov 2023 and then ethereum given one sided rally and risen almost (95%) and made high (4093) in March 2024. Now we have seen breakout in today's session. I am expecting it can take some resistance at march 2024 high (4093) and then next resistance we can see at all time high at (4867.81) and i believe we will breakout that as well after spending some time,,, Finally i am expecting 95% momentum from today's session in medium term and it can go towards 6900+ Let's discuss Some common news from the world:- Spot Ether exchange-traded funds (ETFs) in the US reached a new record for daily inflows on November 29. BlackRock, the world's largest asset manager, was responsible for $250.4 million of the total inflows. Ether ETF inflows were higher than spot Bitcoin ETFs, which brought in $320 million on the same day. This is the first time that Ether ETFs recorded higher inflows than spot Bitcoin ETFs on days when both saw inflows. Ether ETFs took in $224.9 million in net inflows over the four trading days between November 22-27, while spot Bitcoin ETFs tallied $35.2 million in net inflows due to a heavy day of outflows on November 25. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
COINBASE:ETHUSDLong
by TraderRahulPal
2
Measured Moves: A Guide to Finding TargetsMeasured Moves: A Guide to Finding Targets Visualizing the boundaries of price movement helps anticipate potential swing points. The concept of measured moves offers a structured framework to estimate future price behavior, based on the observation that each swing move often mirrors the size of the previous one, assuming average price volatility remains consistent. While not exact, this approach provides a practical method to approximate the extension of a swing move. Background Determining profit targets across various methods and timeframes can be challenging. To address this, I reviewed the tactics of experienced traders and market research, noting key similarities and differences. Some traders relied more on discretion, while others used technical targets or predetermined risk-to-reward ratios. Levels of support and resistance (S/R) and the Fibonacci tool frequently appeared, though their application varied by trader. Based on current evidence, levels appear most relevant when tied to the highest and lowest swing points within the current price structure, for example in a range-bound market. In contrast, sporadic or subtle levels from historical movements seem no more significant than random points. The Fibonacci tool can provide value since measurements are based on actual price range; however, the related values have limited evidence to support them. To explore these ideas, I conducted measurements on over a thousand continuation setups to identify inherent or consistent patterns in swing moves. It’s important to emphasize that tools and indicators should never be used blindly. Trading requires self-leadership and critical thinking. The application of ideas without understanding their context or validity undermines the decision-making process and leads to inconsistent results. This concept formed the foundation for my analysis, ensuring that methods were tested rather than taken at face value. Definitions Trending price movement advances in steps, either upward or downward. This includes a stronger move followed by a weaker corrective move, also known as a retracement. When the corrective move is done and prices seem to resume the prevailing trend, we can use the prior move to estimate targets; this is known as a projection. For example, if a stock moves up by 10%, pauses, and subsequently makes another move, we can utilize that value to estimate the potential outcome. Well thats the idea.. Data Through manual measurements across various timeframes, price structures, and stock categories, I have gathered data on retracements and projections. However, this information should not be considered precise due to market randomness and inherent volatility. In fact, deviations—such as a notable failure to reach a target or overextensions—can indicate a potential structural change. As this study was conducted with a manual approach, there is a high risk of selection bias, which raises concerns about the methodology's reliability. However, it allows for a more discretionary perspective, enabling observations and discretion that might be overlooked in a purely automated analysis. To simplify the findings, the presented values below represent a combination of all the data. Retracement Tool In the context of price movements within a trend, specifically continuation setups, retracements typically fall between 20% and 50% of the prior move. While retracements beyond 50% are less common, this does not necessarily invalidate the setup. From my observations, two distinct patterns emerge. First, a shallow retracement where the stock consolidates within a narrow range, typically pulling back no more than 10% to 20% before continuing its trend. Second, a deeper retracement, often around 50%, followed by a nested move higher before a continuation. For those referencing commonly mentioned values (though not validated), levels such as 23.6%, 38.2%, 44.7%, and 50% align with this range. Additionally, 18% frequently appears as a notable breakout point. However, I strongly advise against relying on precise numbers with conviction due to the natural volatility and randomness inherent in the market. Instead, a more reliable approach is to maintain a broad perspective—for example, recognizing that retracements in the 20% to 50% range are common before a continuation. This approach allows flexibility and helps account for the variability in price action. Projection Tool When there is a swing move either upward or downward, we can utilize the preceding one of the same type for estimation. This approach can be used exclusively since it is applicable for retracements, projections, and range-bound markets as long as there has been a similar price event in recent time. In terms of projection, the most common range is between 60% and 120% of the prior move, with 70% to 100% being more prevalent. It is uncommon for a stock to exceed 130% of the preceding move. Frequently mentioned values in this context include 61.8% and 78.6% as one area, although these values are frequently surpassed. The next two commonly mentioned values are 88.6% and 100%, which are the most frequent and can be used effectively on their own. These values represent a complete measured move, as they closely mimic the magnitude of the prior move with some buffer. The last value, 127%, is also notable, but exceeding this level is less common. Application The simplest application of this information is to input the range of 80% to 100% into the projection tool. Then, measure a similar prior move to estimate the subsequent one. This is known as the measured move. There are no strict rules to follow—it’s more of an art. The key is to measure the most similar move in recent times. If the levels appear unclear or overly complicated, they likely are. The process should remain simple and combined with a discretionary perspective. Interestingly, using parallel channels follows the same principle, as they measure the range per swing and project average volatility. This can provide an alternative yet similar way to estimate price movement based on historical swings. The advantage of this method is its universal and adaptable nature for setting estimates. However, it requires a prior swing move and is most effective in continuation setups. Challenges arise when applying it to the start of a new move, exhaustion points, or structural changes, as these can distort short-term price action. For instance, referencing a prior uptrend to project a downtrend is unlikely to be effective due to the opposing asymmetry in swing moves. In some cases, measured moves from earlier periods can be referenced if the current range is similar. Additionally, higher timeframes take precedence over lower ones when determining projections. This is nothing more than a tool and should be used with a discretionary perspective, as with all indicators and drawing tools. The true edge lies elsewhere. Example Use 1. Structure: Identify an established trend or range and measure a clear swing move. 2. Measured Move: Apply the measurement to the subsequent move by duplicating the line to the next point or using a trend-based Fibonacci extension tool set to 100% of the prior swing. The first two points define the swing move. The third point is placed at the deepest part of the subsequent pullback or at the start of the new move. 3. Interpretation: While this is a simple tool, its effective use and contextual application require experience and practice. Remember, this process relies on approximation and discretionary judgment.
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NASDAQ:QQQEducation
by Trader-Shah
1
Here I buy Tezos at $1.70Here I buy Tezos at $1.70 Buy orders starting at $1.70 And Tezos major supply shock is getting triggered. MAJOR SUPPLY SHOCK. TEZOS. NOW. $1.70 I wanna make money again I'm addicted to making money But I just want dollar bills I remember when my dad gave me a $100 dollar bill for the first time. How impressed I got by seeing that. Then I asked him who was that man on the bill. He told me the man on the bill was Benjamin Franklin and told me his story. Then I asked him the easiest way to make a lot of $100 dollar bills. Then he said: When you grow up, go to crypto market, get a big loan of tethers. Then pump all crypto amid bearish sardines' denial and later dump all of them amid bullish sardines' confidence. He also said: Child, on the path, you'll see a lot of bearish sardines triggered and upset, taking profits early and wait for the big correction. They'll laugh at you first and later they'll fight you. Just ignore the noises. Continue buying up everything in front of them. Up on the hill across the blue lake That's where I had my first heartbreak I still remember how it all chaaaaaaaaanged My father said Don't you worry, don't you worry child See this market will kneel before you. Don't you worry, don't you worry now Yeah!
Long
by btcbullshark
2
RUNE Analysis: Ready for a Historic Surge?✨🚀 RUNE Analysis: Ready for a Historic Surge? 🚀✨ After a deep correction, RUNE is now entering a phase many analysts consider the beginning of its major upward movement. This cryptocurrency, which previously saw an incredible 65x growth from September 2020 to May 2021, is now poised to break new all-time highs. 🔍 Recent History: June 2023: Formed a historical low at $0.77 March 2024: Reached $11 August 2024: Corrected to $2.5 RUNE is now at a key resistance level. If it breaks $7.5, it’s expected to reach the following targets: 🎯 Target 1: $30 (300% profit) 🎯 Target 2: $130 (1600% profit) 🔥 RUNE is ready to explode; don’t miss this opportunity! 💎
Long
by arzdigitalistha
2
#UASJPY: Swing Selling is in progress, Are we heading Bears Era?Dear Traders, Hopefully, you having a great weekend so far, we have a great opportunity on USDJPY, possible a total bearish meltdown on all the jpy pairs especially with UJ, we are on the verge of collapse. At the moment we expect price to do a small correction before it drops further. At this correction we may expect price to reverse nicely. We expect this idea to be activated by Friday when we will be having a last nfp data of the 2024. Decembers are known for bears control over jpy pairs. thank you ;)
Short
by Setupsfx_
2
A massive incoming bullish move for $PONKEUSDTSo MEXC:PONKEUSDT has finally broken out of the falling wedge it has been forming for a while now. After making about 88% move on its first bullish wave, it retraced and then went into consolidation, thereby forming a falling wedge. So it has finally broken out of the wedge and we expect it to explode just like other coins for the second wave of its bullish trend. An immediate buy entry at $0.58 with say another 88%-100% measured move just like the first bullish wave, will make MEXC:PONKEUSDT push to $1.10 and this will give a decent 1:5 RR bullish setup. Parameters Entry: 0.58 TP1: 0.70 TP2: 0.84 TP3: 1.00 TP4: 1.10 SL: 0.48
Long
by Kene247
1
Link, breaking. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #Link another dino bag. Can move in the background whilst I focus on others. Coming into the highly contested $20 area. So far, it's been breaking and flipping levels. $20 would be a yuge flip! Need a big push to suggest this is a wave 3, $100 link if it plays or it could just be a ZZ up, at 2 degrees...break $20 and $40 first. Trade safe, trade smart, trade clarity.
Long
by CryptoKnee
1
EUR/USD Bearish Setup with 61.8% Fibonacci RetracementThe daily chart of EUR/USD (Euro vs. U.S. Dollar) highlights a bearish setup. The price has recently retraced to the 61.8% Fibonacci retracement level, a common reversal point in trending markets. This retracement coincides with a descending trendline, adding to the confluence of resistance in the highlighted area. Key observations: 1. Resistance Zone: The price is testing a critical resistance area defined by the descending trendline and Fibonacci level. 2. Bearish Momentum: Indicators and previous bearish price action suggest potential continuation of the downtrend. 3. Projected Target: The white arrow points toward a potential drop to the support level near 1.00813, marking a continuation of the broader bearish structure. 4. Risk-Reward Outlook: The red zone indicates the stop-loss area, while the green zone highlights the take-profit area, showing a well-defined risk-reward ratio for this trade idea. Analysis by Learn and Trade Forex Stay ahead in the market with expert insights and strategies. For more, visit www.learnandtradeforex.com.
Short
by LearnTradeForex
1
"BTCUSDT: Eyeing the $97,294 Breakout" Structure Analysis: BTCUSDT is showing signs of consolidation after retesting the previous volume profile low around $96,581, which acted as support. The price is hovering near a high-volume node (HVN), suggesting potential accumulation or preparation for a breakout. Justification for $97,294 Target: 1. Volume Profile Insight: The volume profile shows a low-volume area (LVN) between $96,850 and $97,294. This indicates that, once the price breaks above $96,850, there will likely be minimal resistance up to $97,294, allowing for a swift move upward. 2. Demand Zone Confirmation: The bounce from $96,581 aligns with a previous demand zone, where significant buying activity occurred. This level has been tested and respected, adding strength to the bullish bias. 3. Market Momentum: The candlestick structure on the 15-minute chart shows higher lows, suggesting a potential shift in momentum toward the upside. This is further supported by the rejection of lower levels and the price's return above the previous POC (Point of Control). 4. TPO Levels: The TPO level of $97,294 aligns with a key resistance from a previous distribution phase. Markets often retest these levels before deciding further direction, making it a logical target for the current bullish push. 5. Liquidity Zones: There is likely resting liquidity above $97,000 due to unfulfilled short positions. A push toward $97,294 may act as a liquidity grab, fulfilling orders in that area. Risk Management: Entry: Long positions can be taken if BTC sustains above $96,850. Stop Loss: Below $96,581 (strong support level). Target: $97,294 (initial target). Secondary Target: If momentum continues, the price could extend toward $97,800 or higher. Key Levels: Support: $96,581, $96,300 Resistance: $96,850, $97,294 This analysis justifies a move toward $97,294, but remain cautious of potential rejections near $96,850 if selling pressure increases.
Long
by MastaCrypta
1
BTC Overall -- Still in Consolidation, new ATH within 2 months.My best guess is we've entered a triangle type laddering on both sides. Regardless of the form of the consolidation, I expect us to consolidate here for a significant amount of time, with BTC moving back up to retest the recent high area as then moving toward the other side of Pandora's box, Before ultimately moving higher and continuing the bull market. By all historical counts we have yet many monthly 'UP' candles, till about March-April!
by Ian_Carsen
1