The key is whether the MS-Signal indicator can rise above it
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
The Chuseok holiday in Korea is until September 18th.
Therefore, it is difficult to publish ideas.
I hope you have a healthy and happy holiday.
------------------------------------------
(ETHUSDT Renko 1D chart)
We need to check whether the price can be maintained above 2400.0 and whether it can rise above 2600.0 to create an upward block.
-----------------------------------------------
(ETHUSDT 1D chart)
The key is whether the MS-Signal (M-Signal on the 1D chart) indicator can rise above and maintain the price.
Unlike BTC, ETHUSDT is not yet above the MS-Signal (M-Signal on the 1D chart) indicator.
In order to turn into a short-term uptrend, the price must rise above 2531.05-2621.99 and maintain the price.
If not, we need to check for support near 2359.35.
-
I think the StochRSI indicator is currently forming a high point because the slope has changed in the overbought zone.
Therefore, the 2531.05-2621.99 zone is an important support and resistance zone.
--------------------------------------------------
Once you start studying charts and become familiar with them, trend lines are virtually unnecessary.
However, since understanding the HA-MS indicator is necessary, I drew trend lines to help you understand the chart.
This can actually be a hindrance to looking at the chart.
If you are looking at my charts for the first time, the most important thing is the MS-Signal indicator, which is the arrangement of the M-Signal line, which is the main line of the MS-Signal indicator on the 1M, 1W, and 1D charts.
This is how you can predict the trend.
The next important thing is related to the HA-Low and HA-High indicators.
That is, you will trade based on the movement in the box section of the HA-Low and HA-High indicators.
The other lines are lines that represent the support and resistance lines drawn on the 1M, 1W, and 1D charts and the volume profile section.
Therefore, if you want to know the trend through chart analysis, you can check the location of the M-Signal indicator on the 1M, 1W, and 1D charts corresponding to the MS-Signal indicator.
If you want to trade, you can create a trading strategy by referring to the points made up of the HA-Low and HA-High indicators or the support and resistance points drawn on the 1M, 1W, and 1D charts.
If you only display the support and resistance points by key indicators, it is like the chart above.
You can trade with this alone, but I think it is likely that you will have difficulty trading because you cannot create a response strategy according to price fluctuations.
What you want to inform through chart analysis is that only the person who analyzed it can properly understand the content.
Therefore, how you accept the content analyzed by others will vary depending on each person's investment style.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
Since I think it can create a new trend in the overshooting section, I need to check the movement when this section is touched.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to create a pull back pattern and start after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
ETHUSDT
ETH/USD "Ethereum" Market Robbery Plan on Bullish SideHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist ETH/USD "Ethereum" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan.....
ETH ANALYSIS🔮 #ETH Analysis 🚀🚀
💲💲 #ETH is trading in a Descending Broadening Wedge Pattern. And the price is trading around its support zone. We can see again a pullback from its support zone
💸Current Price -- $2354
📈Target Price -- $3680
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #DYOR
The key is whether it can be supported near 2359.35
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(1M chart)
As you can see from the 1M chart, the trading volume occurred in the box section.
-
(1W chart)
As you can see from the 1W chart, the point where the volume profile section is formed is 1021.49, 2354.39.
Therefore, the key is whether it can be supported near 2354.39.
---------------------------------------------
(1D chart)
Since the HA-Low indicator of the 1D chart was formed at 2359.35, it is important to see if it can be supported around here and rise above the MS-Signal (M-Signal on the 1D chart) indicator.
Therefore, it is important to see if it can rise to around 2531.05-2621.99 and maintain the price.
-
Since the StochRSI indicator is showing signs of a change in slope in the overbought zone, if it falls without being supported around 2359.35, it is necessary to check if it is supported around 2196.52.
Since ETH has fallen below the M-Signal indicator on the 1M chart, it can be seen as turning into a downtrend from a long-term perspective.
So, we need to see which way it deviates from the 2196.52-2621.99 range.
The next volatility period for ETH is around September 26th.
-
Have a nice time.
Thank you.
--------------------------------------------------
- Big picture
The real uptrend is expected to start after it rises above 29K.
The range expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
ETH Triangle Structure !
There has been a price forming a triangle on the chart for a long time.
The downtrend channel forming the top of the triangle indicates the most critical region for a price breakout. For now, it seems like there is still time to reach that point. It may be a bit early to think that a rise will happen soon before this downtrend channel is broken.
At the same time, the support channel forming the lower part of the triangle appears to be a healthy zone for accumulation. In other words, for long-term investors, as long as this green box is not broken downwards, it seems like a buying zone.
However, we can't know how close the movement can get to the end of the triangle or how long it will take to break it. It just seems to need a little more time.
ETH/USDT Trading ScenarioAs of writing, the asset is trading near the support level of $2130. This level was established following a sharp decline and an attempt at a quick recovery.
If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound.
A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
ETH/USDT Daily Analysis: Ethereum is trading around $2,368, attempting to rebound from the lower boundary of a descending channel. The price has respected the support zone between $2,150 and $2,250, which is marked by the brown shaded area on the chart.
The red-shaded area between $4,000 and $4,600 is the major resistance zone. A breakout above this zone would be a strong bullish signal, potentially leading to a continuation towards higher levels.
Key support is currently at the brown zone between $2,150 and $2,250. A failure to hold this level could result in Ethereum testing lower support of around $2,000 or potentially the channel's lower trendline.
A successful hold above the current support and a break above the descending resistance trendline could see Ethereum targeting $3,000 and beyond. Positive signals from momentum indicators would further confirm a bullish trend continuation.
If Ethereum fails to maintain its position above the current support and falls back into the descending channel, it could retest the lower support zone around $2,150. A further breakdown below this level might open the path towards $2,000 or lower.
Ethereum is showing a potential rebound from key support, but confirmation of a breakout above the descending trendline is needed for a bullish continuation. Keep an eye on momentum indicators and broader market conditions for further clues.
Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
The key is whether it can rise above 2.28
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
Because the chart has not been created for long, the role of support and resistance points may be weak, so be careful when trading.
(Grayscale Ethereum Mini Trust 1D chart)
The HA-Low indicator on the 1D chart was created at the 2.28 point.
Therefore, the key is whether it can receive support near the gap (2.09-2.18) section on the 1D chart and rise above the HA-Low indicator on the 1D chart.
If it is supported near the HA-Low indicator on the 1D chart, we need to see if it can break through the gap (2.59-2.83) on the 1W chart.
-
Have a good time.
Thank you.
--------------------------------------------------
(ETHUSDT 1D Renko chart)
-
(ETHUSDT 1D chart)
The key is whether it can support near 2.359.35 and maintain the price above the M-Signal indicator on the 1W chart.
Based on the current price position, the most important thing is whether it can maintain the price by rising above the M-Signal indicator on the 1M chart.
Because I think that is the most likely way to turn into an uptrend.
-----------------
Ethereum remains bearish as long as 2500 is intactAs expected, ETH/USD experienced a sharp decline last week, revisiting its recent low.
After this sell-off, the price began to recover and has now risen back to the previously broken support level.
However, the rise has been choppy, overlapping, and corrective in nature, indicating that the downtrend may not be over just yet.
A stop hunt above 2400, especially driven by upcoming inflation data, is a possibility. In my opinion, this could present a good opportunity to enter a short position.
That said, if the price reaches 2500, it would invalidate my outlook.
Sep.3-Sep.9(ETH)Weekly market recapLast Friday, employment data was released, showing that the unemployment rate dropped from 4.3% to 4.2%. Although non-farm payrolls (NFP) increased, they still fell short of expectations. BTC initially rose upon the release of the data but quickly reversed course and turned negative. The U.S. stock market also opened lower, signaling that as the labor market weakens, funds in risk assets are starting to avoid risk.
Over the past week, BTC ETF daily fund flows were mostly net outflows, while ETH ETFs saw little significant movement. This reflects the current tight financial environment and increasing risk aversion. This situation may persist until looser monetary policies are implemented and more liquidity is available.
ETH experienced further declines last week, giving back all of its 2024 gains and returning to the consolidation range seen at the end of 2023. Trading volume was below the historical average. According to the WTA indicator, whale activity was minimal following Friday's drop, and participation levels across all categories have been decreasing. The ME indicator continues to show a bearish trend, with short positions strengthening.
In conclusion, we expect ETH to maintain a bearish trend this week. We are lowering the resistance level 2400 and the support level 2100.
ETH experienced further declines last week, giving back all of its 2024 gains and returning to the consolidation range seen at the end of 2023. Trading volume was below the historical average. According to the WTA indicator, whale activity was minimal following Friday's drop, and participation levels across all categories have been decreasing. The ME indicator continues to show a bearish trend, with short positions strengthening.
In conclusion, we expect ETH to maintain a bearish trend this week. We are lowering the resistance level to 2400 and the support level to 2100.
Bitcoin's local perspective 09.09.24Before looking at the local perspective, we would like to mention that globally we are now moving within two main patterns:
AMEXP on BINANCE:ETHBTC dated July 29👇
And the pattern on INDEX:BTCUSD , which we first recognized as MDB on the daily timeframe dated May 21 and later formed as EXP on the weekly timeframe and essentially describes the current trend 👇
Our expectations are now based on the fact that on BINANCE:ETHBTC we see a key magnetic level at 0.03492, which we will reach with a high probability (we have marked this block with a red square on the chart).
We also note that CME also opened with a GEP at $52,980, and CME:BTC1! has two nearest open GEPs: at $61,880 and $52,980👇
Locally, we now see three main scenarios:
1️⃣ INDEX:BTCUSD reaches the $56,552 level, after which it continues to decline with a target of $48,973
2️⃣ INDEX:BTCUSD does not reach the level of $56,552 and continues its decline with a target of $48,973.
3️⃣ INDEX:BTCUSD reaches the level of $56,552 and continues to move towards $61,700.
Now you have an open long on INDEX:BTCUSD and over the weekend we opened a hedging short on INDEX:ETHUSD for a portion of the INDEX:BTCUSD position, and now in the case of each scenario:
1️⃣ INDEX:BTCUSD close half on the first target around $56,552 and put the stop to breakeven, then on the downside close the profitable hedge short
2️⃣ Around $48,973 close the hedge-short on INDEX:ETHUSD on the fall and buy more INDEX:BTCUSD
3️⃣ Close INDEX:BTCUSD position on all targets, part of the profit is taken by a losing hedge-short on $INDEX:ETHUSD.
Thus, in the current market situation we have formed such a construction, which will allow us to earn in most of our expected scenarios
ETH/USDT Weekly Update:The weekly chart of ETH/USDT shows a strong ascending trendline support that has been respected over the past several months.
The price is currently testing this trendline support near the $2,300 level, suggesting a potential bounce from this key support area.
The primary support level is the ascending trendline around $2,000 to $2,300. Holding this level is crucial for maintaining the bullish structure.
A major resistance zone is highlighted between $4,200 and $5,000. This area has acted as a significant supply zone in the past and is likely to be a major obstacle to further upward movement.
If ETH can hold above the trendline support and gain momentum, a potential rally toward the $4,200 to $5,000 resistance zone could occur. This would align with the chart's upward arrow, indicating optimism for a continued upward move.
If the price fails to hold the support and breaks below the trendline, we might see a deeper correction, potentially testing lower supports around $1,700 to $2,000.
A weekly close above $2,400 with increased volume would provide a strong bullish confirmation, suggesting a higher probability of testing the $4,200-$5,000 resistance zone.
Monitoring RSI, MACD, or other momentum indicators on the weekly timeframe could provide additional confirmation of a potential trend reversal or continuation.
The presence of a large upward arrow on the chart indicates a bullish sentiment, expecting a rebound from the current levels.
Broader market conditions, Bitcoin's price action, and macroeconomic factors will also play significant roles in ETH's price trajectory.
Traders should consider setting stop-loss orders below the ascending trendline or the $2,000 level to manage downside risk effectively.
Regularly review and adjust positions based on evolving market conditions and price actions near key levels.
This weekly update outlines the critical levels and scenarios for ETH/USDT, highlighting the importance of the ascending trendline support for the continuation of the bullish outlook. Watch for confirmation signals and stay aware of market influences that could affect ETH's performance.
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
POLYGON - TOO EARLY FOR BUYS Polygon is approaching 2022 lows. Is it good time to buy now?
Based on Elliot wave theories and current price action on weekly timeframe, we are now in major wave 4 that is not completed yet. Expecting major wave 4 to be completed around the -0.27 ( 0.17 ) and -0.618 ( 0.08 ) Fibonacci levels ( Our buy zone ).
For the upcoming days, we'll be looking for short opportunities until we reach our buy zone.
If interested to see more setups and analysis, make sure to support our ideas by hitting the like button. :)
BITCOIN - BULL'S LAST CHANCE Bitcoin has been moving sideways for half a year creating a complex correction WXY( 3-3-3). Complex correction is made up of 3 waves were each wave is also made up of 3 waves ( in the form of ABC's ).
Wave W = Wave X = Wave Y = 3 waves
We are now in the last leg of wave Y. Expecting price to break the lows again and move upwards from our buy zone.
Looking for a strong bullish pressure at our buy zone. Will update the idea once we are there. But for now you can focus on selling targeting 49k level.
WXY Pattern
Goodluck and trade safe!
ETH/USDT Long Update:The chart depicts a descending channel, with ETH/USDT currently trading near the lower boundary of the channel, which has historically acted as a support level.
ETH is approaching a key horizontal support zone around $2,100-$2,200, where buyers may look for entry opportunities.
The major support zone lies between $2,100 and $2,200, as highlighted on the chart. This level aligns with the lower trendline of the broader ascending trend from the past year, suggesting a confluence of support.
Immediate resistance is located between $2,800 and $3,000. A further resistance zone is identified around the $4,000-$4,600 range, which corresponds to a previous major supply area.
The chart suggests a bullish scenario where ETH could initially rebound from the current support area, targeting the $2,800-$3,000 resistance zone.
A breakout above the descending channel and subsequent resistance zone would indicate a stronger bullish continuation, potentially targeting the higher resistance at $4,000-$4,600.
The presence of the large upward arrow on the chart reflects optimism for a bullish bounce within the identified zones.
Continuation of the broader uptrend depends on maintaining support levels and breaking through key resistance zones with momentum.
This update suggests a cautiously optimistic outlook for ETH/USDT with clear levels to watch for bullish confirmation and risk management considerations. Keeping an eye on volume and price action around these critical zones will be crucial for confirming the next major move.
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!
ETH/USDT: High-Volume Breakout, Downside Risk -19.34%?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:ETHUSDT
In the H4 timeframe, the price stubbornly stays below the EMA100, reinforcing the strong bearish trend we've been watching . A rising wedge pattern had formed, but recently, the price took a dive, breaking out of that pattern with high trading volume—never a good sign for the bulls. Adding fuel to the fire, the MACD has made a bearish crossover, with the MACD line slipping below the signal line, signaling that the downward momentum is picking up steam.
With all these technical indicators lining up, we’re eyeing a potential continuation of this downward journey toward Target Area 1 at 2,252.90 or even Target Area 2 at 2,073.77. However, bulls might find some hope if the price manages to break above the resistance level at 2,855.96.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
ETH/USDT Daily Chart Analysis:!!ETH/USDT has been in a downtrend since peaking at around $4,600, with lower highs and lower lows forming a descending pattern.
The current price is near the significant support zone around $2,100, which is crucial for maintaining the bullish structure.
The key support is at $2,100, a historically significant zone that has acted as support during prior market corrections.
The immediate resistance to watch is around $3,000, a previous support zone that has turned into resistance. A move above this level could lead to further bullish momentum towards the next resistance near $3,800.
A strong bounce from the $2,100 support, potentially leading to a test of the $3,000 resistance. A break above this resistance could target higher levels around $3,800.
Failure to hold the $2,100 support may trigger a deeper decline towards the next support zone around $1,800, or possibly lower if selling pressure intensifies.
Pattern Observation:
The chart suggests a potential double-bottom formation around the $2,100 level, which could indicate a bullish reversal if confirmed by a breakout above the neckline resistance at $3,000.
The presence of a descending triangle pattern also hints at a bearish continuation if the price fails to break above the key resistance.
Volume and Indicators:
Volume analysis will be crucial; an increase in buying volume at the support level would strengthen the case for a reversal.
Oscillators like RSI near oversold conditions would support a potential bounce, while MACD bullish crossovers could confirm a trend change.
For a bullish outlook, setting stop-loss levels just below the $2,100 support is advisable to mitigate downside risk.
A bearish strategy would involve short positions on a confirmed breakdown of the $2,100 level, targeting lower support zones.
This analysis suggests that ETH is at a pivotal support level, where a potential reversal could occur if buying interest increases. Monitoring key levels and volume will provide further insights into the next likely move.
Disclaimer: This is not financial advice. Stay updated with market movements and adjust your trading strategy accordingly. Keep an eye out for further updates and analysis. Thank you!