Search in ideas for "ethusd"
fot eth you can follow this inverted head and shoulder patter fot eth you can follow this inverted head and shoulder patter fot eth you can follow this inverted head and shoulder patter fot eth you can follow this inverted head and shoulder patter fot eth you can follow this inverted head and shoulder patter
Bitcoin Marke Update Today, Ethereum, Avax, Matic, Dot AnalysisBitcoin has been in a strong uptrend for the past few months, with the cryptocurrency reaching a local high above $25000. However, since then, the price has been consolidating within a range between $24500-25000
Currently, Bitcoin is showing signs of a potential bullish continuation, as the price has formed a bullish flag pattern, with a narrowing range and decreasing volume.
Furthermore, the overall market sentiment towards cryptocurrencies has been positive, and institutional adoption has continued to grow. This could lead to increased demand for Bitcoin, especially as a hedge against inflation and uncertainty in traditional financial markets.
However, it's important to keep an eye on potential resistance levels, such as the 25000-25500 levels, which could provide some challenges for further upward movement.
Therefore, I believe that BTCUSDT presents a good opportunity for bullish continuation, with a potential price target of 28000 . However, as always, it's important to keep an eye on risk management and to adjust your position accordingly based on market conditions.
Disclaimer: This is not financial advice, and I am not a financial advisor. Always do your own research and make your own investment decisions. Trading cryptocurrencies involves risk and may not be suitable for all investors.
ETH cup and handle pattern - EthereumAfter descending wedge or descending channel the the breakout and restested the channel line and forming cup and handle formation where we can see of cup has complete and assuming to form a small flag pattern as its handle breakout of the neckline that is 1340 we can seek target upto 1420
Bearish Idea on ETCUSDMy ETHUSD Idea, I'm not saying this must fall, but bear in mind that I'm bearish with ETHUSD.
And it may not follow the exact path however it is more expected to break the ascending trend line/trend channel. The 4H trend channel is not a fully Bullish run but a correction, if you can remember the DXY has followed the way down due to the NFP report, and it was bounced back which shows the strength of DXY.
In other ways, if we look at the D1 timeframe, you can see that head and shoulders likely formed already, and if we ignore this then, below the bearish flag pattern was formed and got broken, this highly shows weakness to buyers in a long run.
And you can see the second bearish flag pattern was formed again which some Jaga Jaga happened with buyers and sellers and so far we can see inside that may probably take buyers all down to the support level of 1425 but it was a wick and price rejected so it was wick down there but the significant support level to look at is 1371.
Now we are looking forward to seeing the bearish flag break and then the bearish run will resume and we expect more down for ETH.
eth momentum divergence !ETH with recent high of 3411 created a triple top and we can see this high can act as new strong resistance following it the coin has corrected and currently trading at 3090 to 3180 zone
which is also the trend based fib extension at 1.786 at 1.618 which is also so called golden levels
we can noticed there is a divergence between momentum indicated through MACD histogram
if the levels of 3185 is broken we can get the target of 3300, with the stop loss of 3150
Trade based on proper risk management
Happy Trading ...!!!
ETH IN A CRITICAL ZONEETHEREUM is in a critical area from where it could likely breakdown. But the confirmation comes if it breaks the demand zone as well. Breaking the consolidation zone in the upper side with good volumes could give upward rally as well but that doesn't seem to be a likely case currently.