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BTC UPDATE 31k is our next target Looking at the big daily candles , it's a very very strong momentum. Which should break above the swing high. But bair in mind ,We also in weekly supply zone. Which is a strong resistance zone. As we can see the increased volume,hope it sustain the momentum. Again don't fall in any trades untill BTC becoms stable. Btc Dominance is high, Alts won't be reactive to btc proportionally. Let's wait and watch untill we see the breakout of 31k or a reversal.
by Akshay_Gour
ETH Ascending Triangle Pattern Points to Potential BreakoutEthereum (ETH) traders have identified an intriguing chart pattern on the 30-minute timeframe—an ascending triangle pattern. This bullish continuation pattern suggests a potential breakout ahead. In this article, we'll delve into the pattern, outline the key levels, and propose a trade setup for traders to consider. Ascending Triangle Pattern Overview: The ascending triangle pattern is a reliable bullish continuation pattern characterized by a series of higher lows coupled with a consistent resistance level. This pattern signals a higher probability of an upward price breakout. Current Scenario: ETH is currently trading in proximity to the neckline resistance level, forming an ascending triangle pattern on the 30-minute chart. Traders should anticipate a minor dip before a potential breakout occurs. Trade Setup: Entry Level: $1840 Target: $1946 Stop Loss: $1824 View Negation: Should ETH break below the critical support level of $1820, the pattern's validity would be invalidated, and traders should reconsider their position.
Long
by TheNewsCrypto
OKXIDEAS ContestCheers to all traders out there! Today we are kicking off our OKXIDEAS Trade Ideas contest! All you need to do is publish a trading idea with the tag " OKXIDEAS " and make it go viral! The top 10 best and most popular submissions will share a 13 ETH Prize Pool + Trading View Premium plans + OKX Product Partnership Wildcards! 1st Prize 2 ETH 1 year TradingView Premium Plan OKX Product Partnership Wildcard, giving you the exclusive privilege to have your future ideas published on the OKX Ideas feed, a chance for an appearance on the Web3 Breakdowns Podcast, prefunded trading accounts, OKX swag and more. 2nd - 3rd Prize 2 ETH each 6-month TradingView Premium Plan Get shortlisted for a Product Partnership Wildcard 4th - 5th Prize 1 ETH each 6-month TradingView Pro Plus Plan Get shortlisted for a Product Partnership Wildcard 6th - 10th Prize 1 ETH each 6-month TradingView Pro Plan Get shortlisted for a Product Partnership Wildcard The Rules 1. Connect your OKX account to your Trading View account. 2. Post your best crypto trade idea with the OKXIDEAS tag. IMPORTANT: make sure you use an OKX price feed, e.g. or your idea will not be eligible to win the prizes. 3. Your idea's time horizon can be anything from one week all the way up to several years in duration. Be sure to respect TradingView's House Rules and add a solid description that explains the reasoning behind your idea. 4. Once you have published your idea, it's time to make people notice it! Share it on social media and make as many people engage with it as possible to increase its popularity on TradingView. Feel free to also update your idea whenever you want. You can follow other submissions by searching TradingView for ideas with the OKXIDEAS tag. Submissions close on May 11th at 10:00 am UTC . Winners will be selected within 14 days after the contest ends and we will reach out to the 10 lucky ones via direct message on TradingView. We will be judging ideas based on three criteria: popularity, the quality of the idea/explanation, and conformity with the campaign rules. Only one entry per user - if you post multiple ideas from your account, or through multiple accounts, only the highest ranking one will be considered! Let's see your crypto trading ideas go viral! OKX Team.
by OKX
#Ethereum/USD downtrend movement potential with risk:reward 1.9#Ethereum/USD downtrend movement potential with risk:reward 1.9 Symbol :Ethereum / US dollar Time frame :30 minutes Analysis : Breakout from the support line and rallying on a down side. Moving average 20 is below Moving average 40 and Macd is below zero.So, we can expect a down trend movement with risk:reward =1.9 Its a SELL call . SELL at 1825 with Stop-loss 1880 and the Target 1718 . HOPE our analysis is adding value to your trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
CRYPTO:ETHUSD
by TanujaK
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