XRPUSDT IDEAUPDATE
Formation of the Falling wedge pattern in 1D time frame.
Breakout can lead 40-45% Bullish move.
COIN DETAILS
The live price of XRP is $ 0.518332 per (XRP / USD) with a current market cap of $ 28.25B USD. 24-hour trading volume is $ 767.48M USD. XRP to USD price is updated in real-time.
ETHUSDT
SLPUSDT IDEAUPDATE
Slp is making bullish pennant pattern and breakout has already done .
Here it has maximum chance we can see price around 0.0044$.
COIN DETAILS
The live price of Smooth Love Potion is $ 0.003255 per (SLP / USD) with a current market cap of $ 134.54M USD. 24-hour trading volume is $ 50.75M USD. SLP to USD price is updated in real-time. Smooth Love Potion is +2.32% in the last 24 hours with a circulating supply of 41.34B.
ETHUSDT Short to medium Term sellETHUSDT on 4 hrs. chart is showing resistance.
Technical Analysis:
1. Backtesting within the last 7 days shows that there are no specific patterns in the MACD, RSI, BOLL, and KDJ indicators.
2. Backtesting within the last 30 days also shows no specific patterns in the MACD, RSI, BOLL, and KDJ indicators.
3. The BOLL support price is $2,476.42, and the BOLL resistance price is $2,513.27.
Ethereum Ready for Another Dump till $1700 ?Ethereum Chart Technical Analysis CRYPTOCAP:ETH
Currently #ETHUSDT Trading at 4H Support Level.
1️⃣ If $2160 level breaks, ETH could drop to $1,750 (Scenario 1)
2️⃣ But if price bounces off $2,160, we could see a 5-10% relief rally. ( Scenario 2 )
My view:
- Bearish below $2,240
- SUPER bearish if $2,160 breaks!
Overall, #ETH is standing on thin ice at a very crucial support zone.
One break could lead to a cascade of selling.
Trade safe!
Potential 5% Drop in Ethereum Price Amidst Transition from PoW t
Ethereum's price is currently above a crucial support level at $2,147, maintaining a bullish outlook.
Bears are gaining strength, as indicated by the Relative Strength Index (RSI) below 50 and red bars on the Awesome Oscillator (AO) moving towards zero.
The Moving Average Convergence Divergence (MACD) shows positive histogram bars but had previously crossed below the signal line (orange band).
If selling pressure increases, Ethereum might drop 5%, breaking the $2,147 support and testing a bullish barrier from $2,048 to $2,107.
A further decline below $2,075 would confirm a continued downtrend, with a worst-case scenario testing support at $1,935, representing a 10% drop from current levels.
Ethereum 1 Hour Chart UpdateEthereum Market Update
Current Analysis:
Ethereum faced a significant setback, plummeting by 7.5% after breaching the $2335 support level. As we navigate this volatile landscape, it's crucial to monitor key support and resistance zones.
Potential Scenarios:
- Upward Move: If ETHUSDT maintains support at $2200, there's potential for an upward rally towards $2330.
- Downside Risk: Failing to break the $2350 resistance could trigger another downturn, potentially reaching $2050.
Critical Levels:
Support Levels: $2200/$2090
Resistance Levels: $2350/$2390
Ethereum Swing Trade Update- Bitcoin has moved up massively
- It's time for Ethereum to move up and show some great impulsive moves as well.
- Hold Eth do not trade it or sell it cheap
- ETH can easily reach 5,000$ conservative target and a realistic one
- Not selling dreams of 10-20k$ but yeah 5,000$ looks easy for ETH
Ethereum Price Prediction Ethereum price trades in a clear consolidative trend on the weekly time frame between $1,933 and $2,141 barriers.
The daily chart for ETH shows a sweep of Monday’s high is likely to be followed by a sweep of Monday’s low at $1,985.
If Bitcoin price undergoes a steep double-digit correction, Ether could also slide to $1,933 and $1,829 support levels.
Ethereum Fresh Trade Setup#ETH/USDT Technical Analysis:
Entry: $2000-$1980
Targets: $2100 / $2200
Stop Loss: $1930
Technical Analysis:
- Strong bounce from $1940 support.
- Anticipating an upward move to $2100/$2200.
- Short-term bullish momentum.
- Support: $1940
Trade Plan:
- Entry: Long positions $2000-$1980.
- Targets: $2100, $2200.
- Stop Loss: $1930.
Note: This is not financial advice. Conduct your research.
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A Bearish Outlook on ETHUSDT Amidst Technical WeaknessA bearish view on ETH/USDT (Ethereum to Tether) means that the market participants or analysts anticipate a decline in the value of Ethereum relative to Tether. Here are some factors that might contribute to a bearish outlook:
Technical Analysis:
Chart Patterns: Traders often use technical analysis to identify patterns, trendlines, and other indicators that suggest a potential downward movement.
Moving Averages: A bearish crossover of short-term moving averages below long-term moving averages could signal a negative trend.
Market Sentiment:
Negative News: Adverse news about Ethereum, such as regulatory developments, security concerns, or technological issues, can lead to a bearish sentiment.
Investor Sentiment: Monitoring sentiment indicators, such as social media discussions or surveys, can provide insights into market sentiment.
Fundamental Analysis:
Market Fundamentals: Negative developments in the Ethereum ecosystem, such as issues with smart contracts, scalability challenges, or changes in the development team, could impact the market negatively.
Economic Factors: Economic indicators, such as inflation or interest rate changes, can influence the value of cryptocurrencies.
Market Dynamics:
Trading Volume: A decrease in trading volume, especially during a price decline, may indicate weakening demand and potential for further downward movement.
Liquidity: Low liquidity in the market can amplify price movements, making it easier for the market to experience rapid declines.
Global Economic Factors:
Macro-Economic Trends: Economic events on a global scale, such as geopolitical tensions or financial crises, can impact the entire cryptocurrency market.
Remember that cryptocurrency markets are highly volatile, and predictions can be challenging. It's crucial to conduct thorough research and consider multiple factors before forming any trading decisions. Additionally, consulting with financial professionals and keeping up with the latest news can help you make more informed decisions based on the most recent information.
$ETH MacroTechnical Analysis:
$Ethereum is currently trading in the $1600 range, displaying resilience around its yearly pivot. Notably, it has faced rejection at this level twice, indicating a significant resistance zone.
Long-Term Investment Perspective:
For investors seeking entry points for the next bull run, a prudent approach may be to monitor the price range between $900 and $650. This range aligns with strong historical support and is often referred to as the "liquidity box." Buying within this range during market corrections can be a strategic move to accumulate CRYPTOCAP:ETH for the long term.
Short-Term Swing Trading Perspective:
Traders looking for shorter-term opportunities can keep a close watch on Ethereum's behavior around the yearly pivot. If CRYPTOCAP:ETH attempts to test this level again and faces rejection, it could present an attractive short swing trading opportunity. Careful risk management and technical analysis will be crucial in executing this trade.
Conclusion:
In the dynamic world of cryptocurrency trading, Ethereum offers a spectrum of opportunities. Long-term investors may consider accumulating CRYPTOCAP:ETH in the $900 - $650 range, while short-term traders can capitalize on potential reversals around the yearly pivot. As always, thorough research and a disciplined approach are essential for success in this market.
Not A Financial Advice
DO YOUR OWN RESEARCH