ETHUSD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD DUEETHUSD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Ethreum
ETHUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDETHUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
ETH will significantly outperform BTC through 2025ETH/BTC is at a crucial inflection point and may be about to reverse, giving ETH an opportunity to outperform BTC significantly from now through end 2025.
Points to support this argument from the weekly ETH/BTC Chart:
1. Support line since Jan 2020 is being tested (pink). If this holds, a bounce and reversal is possible
2. The impulse wave that started in Jan 2020 topped in December 2021 (orange 1 on chart) and has been in a correction Wave 2 since then. This Wave 2 has been a clean ABC correction (end points labeled in blue).
3. The Wave 2 pullback is currently between the 0.618 and 0.786 Fib level and this may be a confluence with the Support Line since Jan 2020 (see point 1), offering a confirmation of a reversal
4. It is way below the 200 DMA (yellow line) and the 200 WMA (orange line) and reversion to mean may be next
Taken together, these build a solid case for a reversal of the ETH/BTC trend. If this reversal occurs, completing Wave 3 means ETH will significantly outperform BTC through end of 2025. Only if this pink support line since Jan 2020 is converted to support first. Interesting times.
ETH/BTC Macro AnalysisSince May 2021, ETH/BTC has been forming a falling wedge pattern, which mirrors the setup seen during the previous bull cycle. Based on the current technical structure, the 0.040 to 0.036 range appears to offer a favorable entry point for converting Bitcoin into Ethereum, providing an opportunity to increase Satoshi holdings.
While a worst-case scenario could push the pair to the 0.031 region, the probability of this outcome remains low. Should we witness a breakout from the wedge, there is potential for a significant move, with targets around the 0.075 level, representing a potential 100% increase.
Additionally, the Money Flow Index (MFI) is showing a positive upward curve, indicating increasing buying pressure.
Please note: This is not financial advice. Conduct your own research and trade responsibly
$ETH Season Alert!CRYPTOCAP:ETH Season Alert!
ETHBTC chart show a bottom formation and breakout, hinting at a possible uptrend, aligning with the upcoming #Ethereum season. This suggests a possible increase in the price of Ethereum, possibly reaching $3,000 soon.
Given the recent approval of a Bitcoin ETF, there is speculation regarding the possibility of an ETH ETF being the next in line for approval.
Ethereum (#Ethereum) tests its long-term trendline support When Ethereum (#Ethereum) tests its long-term trendline support, it often sparks a significant upward market movement, known as a bull rally.
#Pattern_Recognition: Ethereum (#Ethereum) has shown a recurring pattern where testing its long-term trendline support has resulted in substantial bull rallies.
#Historical_Timing: Notably, each of these support tests has historically occurred in the month of January.
#Projection_for_2024: If the historical trend continues, there's a possibility of witnessing a similar upward market movement or bull rally in January 2024, following the long-term trendline support test.
EHTUSD what to do or expect ??currently as of 19 aug 23
price is trying to hold the higher time frame flip zone where previous htf supply was broken based of the higher low flip zone was drawn
follow the trend with help of lower low and lower high
check whether price starts making higher lows
value investing zone = 1400 and 1100
as im charting on daily time frame the time for swing creations may take weekly or month to form
this is just overall idea
and wholistic picture to avoid fear and fomo
dont do any lumsum investments try to buy or enter trade in fractions
$BTC | 1H: Today PlanIt looks like the bears are in trouble and a good daily close for Bitcoin was seen. I'm Looking for a long position on CRYPTOCAP:BTC , as well as Ethereum hitting $1800. Big liquidity was taken and it's time to send it back up!
Previous day:
VAH: $29203
POC: $29074
VAL : $29000
Date: 8 August 2023
ETH/USDT: Analyzing Price Trends and Key Levels
Introduction:
In this technical analysis, we will delve into the ETH/USDT trading pair and explore crucial levels and patterns that can assist traders in making informed decisions. We will focus on the selling area at 1920 and 1940, anticipate a potential correction towards 1800, and analyze the significance of an inside bar formation within the selling area.
1. Selling Area at 1920 and 1940:
ETH/USDT has encountered strong resistance at the price levels of 1920 and 1940. These levels have proven to be significant barriers in the recent price action, suggesting a higher probability of a downward price movement.
We observe the formation of an inside bar within the selling area of 1920 and 1940. This formation reinforces the notion of a potential price reversal, as it indicates a period of consolidation and indecision among market participants
2. Expected Price Correction towards 1800:
Considering the strong resistance mentioned above, we anticipate a price correction in the ETH/USDT pair.
In this case, we expect the price to retreat towards the support level around 1800. This level has historically demonstrated a strong buying interest, making it a potential target for long positions or profit-taking for short trades.
Conclusion:
By analyzing the ETH/USDT trading pair, we have identified a significant selling area at 1920 and 1940, suggesting potential short opportunities. Furthermore, we anticipate a price correction towards the support level of 1800.
Worst Case Scenario ETH May Test 1400$.Hello Guys as we can see eth is struggling between 1750-1850$, also btc is unable to break above in single move.
chart is indicating eth may test 1400$ area, bt lets pray eth will break above 1850$.
Crypto community dont want to see another downfall in upcoming days.
hope so somehow btc will break towards 30k.