💡Don't miss the great buy opportunity in ETHUSDT💡Don't miss the great buy opportunity in ETHUSDT Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (367.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 383.50
TP2= @ 394.10
TP3= @ 408.80
TP4= @ 444.50
TP5= @ 489.00
SL= Break below S3
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Search in ideas for "Ethereum"
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (229.34). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 229.34
TP2= @ 222.85
TP3= @ 211.61
TP4= @ 201.56
TP5= @ 193.39
SL= Break below S2
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Don't miss the great buy opportunity in ETHUSD Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (231.07). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 245.17
TP2= @ 253.39
TP3= @ 263.63
TP4= @ 275.41
TP5= @ 286.72
SL= Break below S2
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Don't miss the great buy opportunity in ETHBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.023). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Etheremun/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 86.
Take Profits:
TP1= @ 0.0249
TP2= @ 0.0280
TP3= @ 0.0347
SL= Break below S2
Helium Price Prediction: Can HNT Resume Its Bullish Journey?Helium Price Prediction: Can HNT Resume Its Bullish Journey?
Helium emerged as the fastest-growing DePIN project with massive development on the horizon.
Despite the broader market weakness, Helium reported an impressive 110% growth in the last three months.
While the broader crypto market has been facing challenges and looking for a firm footing. On the other side, Helium price witnessed a notable 110% growth in the last three months. HNT price reversed its course in mid-July and surged higher recovering the earlier losses and further capitalizing the gains.
The recent sessions saw a downturn in the HNT price which has dragged the price below the key 20-day Exponential moving average raising concerns among the investors. HNT price dumped 10.6% a week and was currently stabilizing near the 50-day EMA over the daily chart.
However, a bounce back is likely as Helium has emerged as the fastest-growing DePIN project as per an analysis by a Twitter user MilkRoadDaily. It has a market capitalization of $1.15 Billion and ranks 59th in the crypto space.
MilkRoadDaily Identifies Helium As Fastest Growing DePIN Project
The crypto market is known for huge volatility causing major ups and downs in the token's price. The last couple of months were very challenging for different sectors in the crypto space. However, DepIN sectors outperformed others defying the market challenges.
x.com
Over the last 30 sessions, the DePIN market cap grew by 22.7% while nearly every other sector faced declines. As per a Twitter user MilkRoadDaily, the DePIN ecosystem is expanding rapidly with more projects jumping in it indicating potential in it.
Moreover, Helium which is the dePIN project saw an influx of 756,000 users making it the fastest-growing DePIN project. As of now, the users have transferred over 19.1TB of data using their network.
Helium vs Bitcoin vs Ethereum
The Helium community has built the world's largest decentralized network- spanning IOT, MOBILE, and ENERGY. As a result, the HNT price has significantly outperformed the market leaders Bitcoin and Ethereum.
Source: TradingView
Bitcoin sits at a negative growth of nearly 9.79% over the last three months. While Ethereum's price performance was also in negative growth of 33% over the same period. However, Helium has attained an immense growth of 110% in the last three months outperforming both BTC and ETH.
Can Helium Keep Up Bullish Pace?
The daily chart highlights the formation of a rising parallel channel pattern with HNT prices fluctuating between the upper and lower boundaries of the channel. Currently, residing close to the lower boundary, Helium was trading at 7.19 with a mild intraday loss of 0.99%.
Looking at the HNT price, some rejections were observed near the lower boundary indicating a rebound is likely from the lower levels. The key 50-day EMA may act as a dynamic support and the price may take a rebound.
Alos, a breakdown below the lower boundary of the channel may invalidate any bullish scenario in the short term and the price may head back to test 200 day EMA.
On the higher side, the price has a potential of nearly 20% till the higher boundary of the channel if the price bounces back from lower levels. The technical indicators' Moving average convergence divergence (MACD) suggests a bullish outlook with a trend continuation in the short term.
Is IMX Price Ready To Surge For $5 Mark ?Immutable is one of the first layer 2 scaling solutions for NFT on Ethereum. Their blockchain takes away the limitations of Ethereum like low scalability, user scalability, liquidity and poor developer experience. They provide their users with instant trading, zero gas fees for trading and minting NFT without comprising the asset.
Immutable has also provided integrated credit card payments which has greatly attracted the gamers. Meanwhile,one can build a carbon neutral NFT with Immutable Mint and their orderbook can instantly propagate any NFT to every market place in their network. The platform has Ethereum grade security with simple API and SDK which makes it one of the best layer 2 platforms present in the market.
latest prices of 10 cryptocurrenciesBitcoin sell-off continued on May 24 after a tumultuous week for cryptocurrencies that were hurt in part by China’s crackdown on mining and trading as part of efforts to prevent speculative and financial risks.
At the time of writing this article, bitcoin, the world's biggest and best-known cryptocurrency, has slipped to $31,179 in the last 24 hours. The 24 -hour high remained at $37,733. The digital currency had touched an all-time high of $64,829 on April 14.
On May 16, 2021, the global cryptocurrency market had a market capitalization of around $2.2 trillion. On May 23 , after seven days, it stands at around $1 trillion. The market is in red, with all major cryptocurrencies trading at levels lower than their earlier prices.
As of 8.40 am on May 24, these are the prices of the 10 largest cryptocurrencies (data from coinmarketcap.com):
> Bitcoin: $35,602
> Ethereum: $2,184.76
> Tether: $1
> Binance Coin: $274.62
> Cardano: $1.38
> Dogecoin: $0.3065
> XRP: $0.8023
>Polkadot: $18.53
>Internet Computer: $144.10
>Bitcoin Cash: $575.31
💡ETHUSDT Second Chance: Profit=40% SL=7.5% Reward/Risk > 5.3:1Second Chance Trade Setup summary:
Profit targets=40% = {TP3= 4% + TP4= 12% + TP5= 24%}
Stop Loss =7.5%
Reward/Risk > 5.3:1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (394.10) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP4= @ 444.50
TP5= @ 489.00
SL= Break below 383.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 50%
Closed trade(s): 22% Profit
Open trade(s): 28% Profit
Trade Setup:
We opened 5 BUY trade(s) @ 367.00 based on 'previous Forecast' at 10.20.2020 :
Closed Profit:
TP1 @ 383.50 touched at 10.21.2020 with 4% Profit.
TP2 @ 394.10 touched at 10.21.2020 with 7% Profit.
TP3 @ 408.80 touched at 10.22.2020 with 11% Profit.
4% + 7% + 11% = 22%
Open Profit:
Open trade is 418.00(current price) - 367.00(open price) = 14%
2 trade(s) still open, therefore total profit for open trade(s) is 14% x 2 = 28%
Technical analysis:
. ETHUSDT is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 76.
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There is a possibility for the beginning of an uptrend in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (217.11). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 247.07
TP2= @ 286.99
TP3= @ 362.78
SL= Break below S2
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (202.17). 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 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= @ 224.50
TP2= @ 245.00
TP3= @ 286.80
SL= Break below S2
Don't miss the great buy opportunity in ETHUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (238.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ETHUSD is in a Uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 80.
Take Profits:
TP1= @ 275.30
TP2= @ 319.45
TP3= @ 362.75
SL= Break below S2
MATIC Set For Rebranding In Early SeptemberMATIC, the native token of the Ethereum sidechain Polygon, has had it rough in the past five months. After soaring above $1.2 in March, the token has been in freefall, dumping over 65%. For now, MATIC faces strong rejection at $0.45 and continues to distribute, which is evident in the daily chart.
The lull across the crypto scene and shrinking activity in DeFi means Polygon is on the receiving end. Despite these market-related challenges, there is a silver lining for MATIC holders.
The Rebranding Of MATIC To Polygon
Polygon is evolving, and after the rebranding from the Matic Network, MATIC, the native token, will be relaunched as POL. This highly anticipated upgrade is set for September 4, 2024.
The rebranding will be a pivotal shift for Polygon, making a stage in which the platform introduces new utilities to POL as they look to grow and further innovate, primarily by scaling Ethereum.
Arbitrum Price Crashes To An All Time Low: What's Next? Arbitrum Price Crashes To An All Time Low: What's Next?
Arbiturm crashed to a new all time low breaking below October 2023 lows of $0.744
At the time of writing , Arbitrum was hovering close to $0.71 recording a sharp 6% fall in Intraday.
Arbitrum price has been facing a challenge in the recent sessions and has crashed below record lows in Intraday today. The recent downturn in the Blue chip cryptocurrencies pushed the ARB price towards a new all time low.
The ARB crypto was suffering a strong selling pressure since mid march and could not overcome it. The price has crashed nearly 63% in the last six months from its annual highs.
Let's analyze whether the Arbitrum crypto would continue to lose its value or may shine again in the near future. Arbitrum is an Ethereum layer two scaling solution. It uses optimistic rollups to achieve speed, scalability and efficiency on Ethereum.
Arbitrum Crypto: Volume & Volatility Analysis
Arbitrum aims to provide compatibility, scalability and flexibility to their users. It allows the developers to deploy their programs written in programming languages like Rust, C++ etc.
Moreover, there has been a notable development in the transaction volume intraday. The transaction volume has surged by 111% in intraday to $364.43 Million a day. A sharp fall in the price along with the volume support indicates the heightened sellers interest in the crypto.
Moreover, the volume to market capitalization ratio at 16.1% indicates an increased volatility in the crypto. After a significant drop, it has a live market capitalization close to $2.32 billion and ranks 35th among all.
Arbitrum Crashed Below An All time Low
The recent sessions saw Arbitrum price trying to stabilize near its All time low. However, the weakness in the broader market after Bitcoin loomed below $60K triggered a breakdown. The price loomed to a record low breaking below the previous ATL.
Currently, the selling pressure seems to be extremely high which may continue to erode more in ARB. On the lower side, the price may head towards a lower $0.7 and $0.65 levels support zone.
However, It seems to be a bit difficult for the ARB to reclaim a bullish territory at the moment due to lack of buyers in the market. For ARB to make a bullish reversal, the price needs to consolidate to stabilize followed by a breakout of key 200 day EMA on the higher side.
Can Arbitrum Recover From Record Lows?
Arbitrum price has crashed to a new all-time low declining 63% from its yearly high in the past six months. The increased selling pressure in the broader market after Bitcoin fell below $60K, has exacerbated ARB's decline. The intraday transaction volume spiked by 111% to $364.43 million, suggesting increased selling activity.
As of now, the sellers may continue to dominate in the short term and ARB may drop to support levels of $0.7 and $0.65. A bullish reversal seems unlikely without buyer interest and a breakout above the 200-day EMA.
#ETH/USDT Rebound: Analyzing the Recent Price SurgeThe #ETH/USDT pair has recently displayed a bullish divergence, a key technical indicator suggesting a potential trend reversal. This divergence, coupled with the breakout of a significant trend line, has ignited bullish momentum in the market.
Currently, the price is undergoing a retest of two critical levels at $3065 and $3220. The successful breach of these levels could pave the way for a new all-time high for Ethereum.
One major catalyst for this bullish outlook is the anticipation of #ETF approval for Ethereum. If approved, this could attract significant institutional investment, further driving up the price of #ETH.
It's essential to monitor price action around these levels closely, as a decisive move above them could signal a sustained bullish trend for Ethereum.
A Look Into The Lido Onchain Activity And Its Simple DVT ModuleLido Dao provides staking infrastructure to various networks, especially the liquid staking of Ethereum. It allows users to stake Ethereum and get stETH in return. The native token LDO is used as a governance token for the Lido Dao. The Lido ecosystem has observed a significant growth in their network activity. Lets have a look at its ecosystem
ETH at necklineAfter a freefall eth halted at major level of 2160 and started consolidating
now it has formed a inverted head and shoulder
currently the neckline and the mid resistance at 2630
after the breakout and retest it can go upto 20% which will be 3200 usdt
NOTE:
* used shciff ptichfork the price bounced back from lower median
* after the confirm breakout with bullish candle trade above the 0.5 of median line(black)
* the price might bend or retrace from black median line and as per my projection there wont be parabolic move or else will have to redo the analysis
* it is a postional trade but initiate it with your own risk and trading style
let me know your feedback in comment about opinion on the short term view
happy trading ....!
ETHUSD Coinbase - Looking for EntryEtherum has had a great long term run since April of last year. The overall trend of the coin is still ok. I look to make sure the price is still above the 200 day EMA which it is right at that point. I am looking for entry here, though the Supertrend still has not given a good indicator to re-enter. As long as the price stays above the EMA once Supertrend goes green I will probably make the entry. But like most coins right now there is a chance the trend will continue and entry will have to wait.
Their is no set pattern over the last year showing how ETH acts. The last time it dipped to a downtrend it was for a few months but before then it lasted almost a half a year before it recovered in April 2020. We are at another consolidation period as the trading has gone horizontal with low volume and in a slump like COINBASE:BTCUSD . Both coins are in a strange holding pattern waiting for the next breakout.
If COINBASE:BTCUSD breaks out like I hope as I believe it will after a two month slump, I think COINBASE:ETHUSD will see some momentum and start to trend up, though we will know more within the next few days. I am holding off entering until we know where the trend is taking us.