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From $2k Resistance to $10k Momentum: My ETH/USD Strategy RevealIn this video, I dive deep into ETH/USD price action and chart analysis as we revisit predictions from months ago. Watch how the market has followed my call nearly to the dollar, with a touch at the $2k zone and resistance near the previous ATH. With 170% returns still on the table, I'll share my thoughts on the bullish momentum and how it aligns with previous cycles. Could ETH/USD truly shoot toward $10k? Join me to uncover the strategies and insights behind this swing trading setup, and see how to capitalize on the current market momentum.
KRAKEN:ETHUSDLong
by PlutusX
VeChain Price Analysis: Targeting $0.22 in a 32-Day CycleThis is my analysis of VeChain's price chart. I believe it will behave similarly to its performance in 2021. Over a 32-day period, I anticipate the price will rise to $0.22. Additional Notes and Suggestions: 1. Historical Patterns: Comparing the current price action to 2021 is a reasonable approach if there are clear similarities in volume, sentiment, and market conditions. However, ensure you evaluate the broader crypto market trends in 2024 compared to 2021 to validate this comparison. 2. Fibonacci Levels: The chart shows strong resistance near the $0.18-$0.22 levels (Fibonacci 1.0-1.618). Monitor how price reacts to these levels, as they could either confirm the bullish breakout or signal a reversal. The 0.786 ($0.14405) and 0.618 ($0.11635) retracement levels could act as key support zones in case of a pullback. 3. Volume and Momentum: Look for increasing trading volume and strong bullish momentum to support your prediction. A divergence between price and volume could indicate weakening trends. 4. Risk Management: If trading, set stop-loss levels to manage potential losses. Price could consolidate or retrace sharply, particularly if broader market conditions shift. 5. Market News: Stay updated with any VeChain-specific announcements or partnerships. Positive news can act as a catalyst to accelerate price movement towards your target.
Long
by imhshahdi
6
Nov.26-Dec.02(ETH)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment. However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts. Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%. These macroeconomic and external factors will undoubtedly impact the cryptocurrency market. After rising to around $3,700 last week, ETH has been experiencing some volatility. The WTA indicator shows a disappearance of the blue bars representing whales, indicating a gradual reduction in large capital inflows. Meanwhile, the purple wave area on the ME indicator is widening, suggesting a strengthening of bullish sentiment. In summary, we believe that ETH may continue to fluctuate this week, and it is essential to be mindful of the risks associated with price volatility. We have adjusted the resistance level to 3,800 and the support level to 3,200. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
1
Nov.26-Dec.02(BTC)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment. However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts. Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%. These macroeconomic and external factors will undoubtedly impact the cryptocurrency market. Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend. In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000. Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency. Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.Since last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment. However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts. Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%. These macroeconomic and external factors will undoubtedly impact the cryptocurrency market. Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend. In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000. Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency. Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
1