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ETH BEARISH STANDBearish View on ETHUSDT Trade: SellETH Perpetual future at $2050 Stop Loss: $2065 Target: $1965 Max Profit: $60/ETH Max Loss : $40/ETH Rationale: The latest price action in ETH indicates a potential pause in the rally, with some retracements observed. Additionally, a newly formed supply zone/resistance has been identified on the charts. Currently, the price is making an effort to retrace towards the supply zone at 2050. We can use 2065 as stop loss of for invalidation of above setup.
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by Delta-Ex-research
RUNE 1W UPDATE Rune 1W Analysis: - Rune has shown an impulsive move staggering gains of around 200-250% from our entry - Rune currently is at a weekly supply - Mitigation of that weekly supply can lead to a 20-50% retracement. - IMO Rune can first pierce the weekly supply trap Buy side liquidity and then start dropping. - Do not FOMO here rather just observe and try to be a hawk - Rune is currently sitting at an overbought level. - For those who are looking to accumulate Rune or want to buy wait for a 20-50% retracement from this zone around 2.3-2.6$ and start adding it to your bags so that you do not miss the next wave.
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by VKtradesimbalance
ETH/USDT: Navigating Consolidation and SEC's BTC ETF Verdict 📈💎 Paradisers, let's dive into ETH/USDT. The asset is forming a rising wedge pattern, and currently, it's in a consolidation phase while we await the SEC's decision on the spot BTC ETF. If the SEC leans towards disapproval and the price falls below the 1757 threshold – which serves as both the lower boundary of the rising wedge and a significant demand zone – we might witness a decline towards 1642, and potentially even 1478. 💎 In case panic selling takes over the ETH market, there could be further drops ahead, potentially reaching as low as 1368 and 1171. However, if the SEC approves the spot BTC ETF, it could be a good idea to focus our bullish efforts on BTC rather than ETH. Stay attentive and make well-informed decisions, ParadiseSquad! 🚀
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by MyCryptoParadise_Nathan