Ethereum (Cryptocurrency)
Ethereum ETH Fibonacci WeeklyThe highest precision price is in this picture. If others are fearful, be greedy, if others are greedy, be fearful. Ethereum ETH Fibonacci weekly line, including Ethereum's short-term, medium-term, long-term, top and bottom prices, and support prices And resistance price, breakthrough price and falling price, rebound price and stepping back price, bull market price, bear market price, as long as you know how to use it, this picture is your money printing machine, the cryptocurrency market news is flying all over the world, it is better to use a few The position of the line is firm, and it is better for you to understand my picture of Satoshi Nakamoto after listening to a lot of others.
ETHUSD BULLISH IDEAETH managed to trade above the resistance and had recently broken our falling resistance, the next target for buy buyers will be 1258 as it's the closest resistance.
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ETHUSD Bearish forecastDespite the Dollar's weakness I am using supply demand scenario and Head and Shoulder from the close box was printed too hence i expect ETH to trade down to next support.
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction.
You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
LDO/USDT - Yearly OverviewThe technical chart of Lido DAO (LDO) highlights the rollercoaster price action. At the time of its initial launch, LDO token faced a significant downfall to the support zone around $0.50. This presented a rational buying opportunity for investors which resumed its bullish momentum and resulted in a new peak formation of around $3.00. The underlying fundamental behind the bullish move can be the anticipation of the Ethereum merge around that time. Since then, due to the overall market conditions, the LDO token has faced significant selling pressure at regular intervals.
It should be noted that the price level is again near the support zone which on the previous stance provided a huge bounceback to Lido DAO. Considering the moving averages, MA-10 has faced a negative crossover against MA-20 and MA-50 which indicates that LDO is still facing selling pressure in the market.
On the Fibonacci retracement table, the levels must maintain sustainability above 0.786 FIB level and look to break above 0.5 FIB level in the long term. The RSI level is unable to maintain sustainability above 50 which suggests that LDO has faced selling pressure as soon as there’s a profit-booking opportunity for its investors.
Considering the key statistics, resistance levels for LDO can be placed at $1.50 and $2.00 whereas the support levels can be placed at $1.00 and $0.50.
Ethereum ETH Fibonacci Weekly Ethereum ETH Fibonacci Weekly, which includes Ethereum's short-term, medium-term, long-term, top and bottom prices, support and resistance levels, breakout and breakout levels, rebound and retracement levels, bullish prices, Bear market price, as long as you know how to use it, this picture is your money printing machine. The cryptocurrency market news is flying all over the sky. It’s better to stand firm with a few lines and listen to a lot of others. It’s better for you to understand this picture of Satoshi Nakamoto .
Ethereum ETH Sloping FanEthereum's sloping fan, which has green, blue and red, three fan-shaped ultra-wide-angle rays, can be used as support or resistance, can also be used as top and bottom, when the price is accurate, ether The square will touch one of the lines, and use this chart to trade accurately without drawing a line.
ETH may enter uptrend ETH is at an inflexion point. If it crosses 2048, we are going to get a good uptrend. Currently we are in a neutral phase. 1120-1317 zone will act as a strong support, so its safe to remain invested for non risk takers till the price is above this zone. On the positive news front, we can see that Vitalik Buterin releases an updated Ethereum roadmap with a new phase "The Scourge" and focuses on censorship-resistant and quantum proofs.