Ethereum epic level parallel channelEthereum is an epic parallel channel. Each channel is a support as well as a resistance. The channels in this picture can be used in Ethereum to reach more than 40000 dollars. Whether it is thousands or tens of thousands, the channel lines in different colors in this picture can be used as a reference for trading points
D-ETH
Ethereum (ETH/USDT) Short Postition!Ethereum (ETH/USDT) seems to be forming a bearish Head & Shoulders pattern. An ABC correction in play with a lower high. At ~1700 we have our stop-loss above a strong resistance - MP/TPO POC + R1. VPVR POC marks the main pivot level and our target is at ~1450 (immediate support below).
MP -> Market Profile
TPO -> Time Price Opportunities
POC -> Point of Control
VPVR -> Volume Profile Visible Range
Market Profile is best understood as a way to see order in the markets. While not a typical indicator. MP takes the data from each day’s trading session and organizes it to help us understand who is in control of the market and what is perceived as fair value.
Point Of Control shows the bar where the most volume has been traded.
SOLANA- Just thinking out loud.Given the macro conditions, it feels possible that there's gonna be a rather long cooldown on everything, even after the bleeding stops.
A deep cleansing on everything is the need of the moment.
If this is to play out, then it might take us 6-7 months to come back to the prices we recently broke down from.
That feels like hell, trust me. Time capitulation >> Price capitulation, and this scenario might be a combination of both.
More than 90% of the participants will leave. Even the strong believers would be flushed out.
I can go on and on, but chart>>words.
This, if it plays out, will bring a great opportunity to the faithful. The whole world is trying to shut Crypto down.
But the cat is out of the box, and we had a lot of attention this cycle.
Solana in particular, has matured quite well in such a short span.
I will be buying all the SOLANA I can below $20, If we get.
All you got to do is stay.
See you on the other side!
~ZER0
JUST WAITING FOR IT TO BREAK ( ETH is all ready to bleed)from a long time I was waiting for a good entry in Ethereum
now I think we are close to good some really good short positions
the moment it breaks the trend line we will get more assurance regarding the same
I think it has a long way to go down so can get some really good profits
WAITING FOR IT TO CREATE A NEW LOW
THANK YOU
BINANCE:ETHUSDT
💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1659.02).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1785.24
TP2= @ 1835.00
TP3= @ 1915.00
TP4= @ 2000.00
TP5= @ 2085.00
SL= Break below S2
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