This is merely a trend analysis post. ETH has broken out of a range and is edging higher. Till now, we have been selling at the range top and buying at the range bottom. As there is a change in the market structure from range to uptrend, we can draw an upward moving channel as a guide to initiate high probability trades.
If the channel continues to hold,...
Bitcoin after forming weak formation & has a corrective phase within it. There's a possibility for the move to the downside to reach at 17,500. What's your view on Bitcoin? Make sure sure to do comment down below.
explanation in charts:
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI , Moving Average , Ichimoku , Bollinger Bands
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Sideways market on hourly/mins time frame. Looking to short the range breakout below 1200 and further if the price reaches to 1175. Would stop looking for shorting opportunities if price goes above 1250. Till then, just try to follow the channel resistance.
ETHUSDT rejected at previous swing high on 4Hr timeframe chart, in combine with 200EMA of 4Hr chart, which implies it may fall further upto previous swing low.
DYOR
ETH Has been trading a range of 1000-1250 and looks to continue that until a major event/stimulus.
Currently at the upper end of the channel, a short side trade can be initiated with the target of 1000/
View invalid if ETH breaks upper edge of channel towards 1300.
Historical analysis shows that , as and when we double top with low volume we fall bad
See Iteration 1 and 2 we doubled top and fall bad
This iteration is bit different , we are near double top, BUT we have a heavy volume candle , which was missing earlier
Probably what I am looking at is
1- To remain bullish BTC has to break all the fuss with another volume...
It’s been awhile since we’ve updated ya’ll with the current market situation. The crypto market has been moving sideways since the last drop from 30k to 17k, hence we have been quiet on the sidelines. This usually indicates an accumulation of orders before its next explosive move.
We currently have been motoring #Ethereum and to give a brief update as follows:...
Eth usd 1118 to 908 .... bear run continuation to the downside . Over all bearish market major break market structure and supply coming above . falling major demand levels.. thanks..
Hi every one,
- Inverse head and shoulders / triangle pattern is currently forming on 4 hours time rame
- RSI is above 60 in 4 Hour Time Frame
- Fib retracement 0.618 from swing high 1917 to swing low 880 is 1520.
This is only for education purpose only not a financial advice.
ETH is looking for short after having correction & reached to the top for a nice movement to the downside & has formed ascending channel for a move to the downside.
Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides.
Why I say so? there are 2 reasons for it
1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized.
2- Fundamentally and historically...
Still now #btc on critical zone .
Be careful on every trade you made .
There are news only on bear side . 3 Arror captial dept news , Russia war , inflammation rate
Supply and demand pattern formation on ETH on a 4hr timeframe ! Target should be around 1050$ !
🚫Disclaimer:
🔹I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
🔹incase of Market sudden crash ! This chart is invalid !
Thank you!!!
😊😊😊
