Shiba Prints a Triangle, When Will It Break?Here on COINBASE:SHIBUSD we can see recent Price Action is outlining a Triangle Pattern having Pushed up through the Sept. Highs after the Pro-Crypto Trump Administration won the Presidency, and being rejected from May Highs!
Price has been able to find Minor Support in the .000023 - .000022 area, but based on Tests 1 and 2 of the Falling Resistance showing Less Volume with each touch, Buyers seem to be losing their strength.
Every Trendline needs at least 3 Tests to Validate their Strength and Probability of holding Price and we are currently waiting on that 3rd Test potentially in the .000027 area.
-If the Falling Resistance is able to hold Price, we could see it decline to the nearest area of Structure being the Support from the Sept. Highs @ .000021 - .000020
-If the Falling Resistance is broken, Price creating a new Higher High must be followed by a significant amount of Volume Validating the Break otherwise it could be a False Break!
The 200 EMA and DSR have printed a Golden Cross increasing the probability of Bullish moves to come!
Indicators:
- Price Trading Above 200 EMA
- RSI Above 50
- BBTrend Printing Green Bars
Oscillators
Let's check the movement of this volatility period
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(ETHUSDT 1D chart)
The StochRSI EMA indicator has risen above 87.
Accordingly, the StochRSI indicator is expected to be reset soon.
At this time,
1st: 3644.71
2nd: 3438.16
We need to check whether there is support near the 1st and 2nd above.
Since the M-Signal indicator on the 1D chart is rising near 3438.16, it is necessary to be careful as there is a possibility of a downward trend if it falls below 3265.0-3321.30.
Therefore, the point to watch is whether the price can be maintained around 3644.71 and rise after December 4th.
-
If the price is maintained above 3644.71, it is expected to renew the ATH.
-
Currently, the StochRSI indicator on the BTCUSDT 1D chart is rising in the oversold zone and is showing signs of changing to a state where StochRSI > StochRSI EMA, so it seems likely to rise.
Accordingly, if the StochRSI indicator of ETH is reset when BTC rises, ETH is likely to renew the ATH more quickly.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
Perhaps something that has been long awaited.Two consecutive divergences seem to have done the trick.
However, the candle has not yet broken the Ichimoku cloud
(and also the rising trend line) and we need to keep watching.
But it is not a complete reaction for two consecutive divergences, that's for sure.
PEPE Is Falling, Should You Invest?Lets break down CRYPTO:PEPEUSD on the Daily Chart!
After Robinhood & Coinbase listed CRYPTO:PEPEUSD on their platforms, we see the accumulation of Trading Interest rise which helps push price up, breaking the Highs of May!
Since having created the Higher High @ .000025676, Price has been falling and seems to be creating a familiar Bullish Pattern called a "Falling Wedge", formed by Lower Highs (Falling Resistance) into Lower Lows (Falling Support).
Wedge Patterns are considered Continuation Patterns so given the Uptrend move prior to the formation of the pattern, we can suspect Price to Continue Higher after a Bullish Break of the Falling Resistance!
The Retracement or Pullback to the 50% Fibonacci Level while Price is in the Consolidation State of the Pattern typically suggests the Pullback has ended. The 50% Fibonacci Level or .000016697 sits right in the middle of the Support Zone established by the May Highs.
The Last Low @ .000017309 just missed the May High @ .000017223 and the 50% Fibonacci Level, so with Price still trapped by the Falling Resistance, we could see more Downside for CRYPTO:PEPEUSD before getting the Confirmation of Pattern with the Bullish Break!!
Based off the Extension from the Lower Low @ .000007718 to the Higher High @ 000025676 giving us a .000017958 or 232.68% Increase, we can derive that a .000038 Potential Target with a Valid Bullish Break is possible!
Indicators:
- Price Trading Above 200 EMA
- RSI Above 50
- BBTrend Printing Green Bars
- DSR Aligning with 50% Level
Inverse Head and Shoulders BTC - Neutral but big move aheadThe bear divergence is entering an inverse H and S pattern. The pattern is about to finalize shape. Big move ahead. Could go either way. Good luck and stay tight stop loss which ever way you choose. Volume will be on the rise at that test point
VRAUSD - Bullish RSIAs we enter a strong bull market altcoins like this one pop up all over the place
The flat horizontal nature of the RSI suggests the trend is changing
This RSI has been flat for 853 days, being in a bull market its only a matter of time before the breakout occurs.
Keep an eye out for RSI's like this on other Monthly chart coins as it means they are most likely in the early stages of a moonshot.
Looking at ETHBTC's RSI The RSI on the Monthly for this chart is nearly in the oversold zone
This oversold zone is where I expect a strong recovery to form the right side of a W pattern on the RSI itself.
Right now ETH is underperforming compared to BTC and is a great choice for the alt season run.
The sloped green line is where the RSI line will find support.
Why Is Ethereum Going Up? Technical and Fundamental Price AnalysEthereum, the second-largest cryptocurrency by market capitalization, has seen a significant surge in recent weeks, outperforming Bitcoin and other major cryptocurrencies. This article delves into the technical and fundamental factors driving Ethereum's upward momentum.
Technical Analysis: Bullish Signals
Ethereum's price chart is currently painting a bullish picture, with several technical indicators pointing to continued upward movement:
1. Rising Momentum: The Relative Strength Index (RSI) is above 50, indicating bullish momentum. A sustained increase in RSI suggests that buying pressure is outweighs selling pressure.
2. Breaking Resistance Levels: Ethereum has successfully broken through several key resistance levels, demonstrating strong buying interest from investors.
3. Bullish Candlestick Patterns: The formation of bullish candlestick patterns like the bullish engulfing pattern and the hammer pattern signals potential upward price movement.
4. Increasing Trading Volume: Higher trading volume often accompanies price increases, indicating increased market interest and participation.
Fundamental Analysis: Positive Catalysts
In addition to technical factors, several fundamental factors are contributing to Ethereum's price surge:
1. Network Upgrades and Scalability: Ethereum's ongoing network upgrades, such as the Shanghai upgrade, are aimed at improving scalability, reducing transaction fees, and enhancing the overall user experience. These upgrades can attract more developers and users to the Ethereum ecosystem, driving demand for ETH.
2. Growing DeFi Ecosystem: Ethereum remains the dominant platform for decentralized finance (DeFi) applications. The rapid growth of DeFi protocols and the increasing adoption of decentralized applications (dApps) on the Ethereum network can boost demand for ETH.
3. Institutional Adoption: Institutional investors and corporations are increasingly recognizing the potential of blockchain technology and cryptocurrencies. As more institutions allocate capital to Ethereum, it can further fuel price appreciation.
4. Positive Regulatory Sentiment: While regulatory uncertainty remains a concern for the cryptocurrency industry, positive regulatory developments can have a significant impact on market sentiment and price. For instance, the departure of SEC Chair Gary Gensler, who has been critical of the cryptocurrency industry, could lead to a more favorable regulatory environment for Ethereum.
5. Bitcoin's Relative Weakness: Bitcoin's recent price decline and lower volatility have shifted investor attention to Ethereum. As Ethereum's dominance in the derivatives market increases, it can attract more capital and drive price appreciation.
Conclusion
Ethereum's recent price surge can be attributed to a combination of technical and fundamental factors. The strong bullish signals on the technical charts, coupled with positive developments in the Ethereum ecosystem, indicate that the upward momentum may continue in the short to medium term. However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with financial advisors before making investment decisions.
Disclaimer: This article is for informational purposes only and should not be construed as financial1 advice. Investing in cryptocurrencies2 involves significant risk, and it's essential to do your own research before making any investment decisions.
IOTAUSDT Long Setup Setting / Am I going to let you lose?BINANCE:IOTAUSDT
CRYPTO:IOTAUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
0.2189 (Close it if you don't want to lose any)
0.2282
🔴SL:
0.2030
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Easyjet ready to fly?Easyjet records better financial statements, looking at the report is possible to read that LSE:EZJ flew about 5% increase in seats when compared with last year.
The revenue increased by 14% this mainly because of the increase of 8% in capacity. Looking over the financial indicator it's noticeable an increase in revenue and the difference compared to 13 week moving average.
The price breakout for the second time above the top of ascending triangle following for a cross over the 200ema. The yellow resistance is the strongest one that still needs to be broken.
ADX is already above DMI- and being at 19,49 can show some strength confirming the DMI+.
EFI barely dropped below zero when the price failed to cross the EMA changing direction above zero rapidly.
EURUSD H1 28/11/2024 - SELL below 1.0510 OR BUY above 1.0560Key Levels from M30 and H1
Support Levels:
1.0520–1.0510 Zone: Currently holding as local support (aligned with Fibonacci 100% and Ichimoku baseline on H1).
1.0500: Psychological support level, aligns with the Fibonacci 161.8% extension.
Resistance Levels:
1.0553–1.0560 Zone: A consolidation resistance zone marked by Fibonacci 38.2% and near-term highs.
1.0580: Fibonacci 61.8% retracement level, strong resistance on the D1 chart.
Trendlines:
H1 chart shows a downward-sloping trendline from recent highs, indicating potential bearish pressure unless broken.
Momentum Indicators:
RSI (H1): Around 52, neutral but tilting bearish.
Stochastic (H1): Bullish crossover from oversold on M30, but H1 is still near neutral (around 34).
MACD (H1): Showing mild bearish divergence but flattening.
Volatility (ATR):
ATR (H1): 11 pips, suggesting moderate price movement potential.
Scenario A: Bearish Breakdown Trade
Rationale: If the price breaks below the 1.0520–1.0510 support zone, it could test lower levels like 1.0500 or 1.0450.
Setup Details:
Entry Price: 1.0510 (below Ichimoku support and 100% Fibonacci level).
Stop-Loss: 1.0535 (above the downward-sloping trendline and consolidation resistance).
Take-Profit Levels:
TP1: 1.0500 (psychological level).
TP2: 1.0475 (previous lows, close to Fibonacci 261.8%).
Risk/Reward Ratio: ~1:2.
Scenario B: Bullish Reversal Trade
Rationale: If the price breaks above the 1.0553–1.0560 resistance zone, it could retest higher levels like 1.0580 or higher.
Setup Details:
Entry Price: 1.0560 (above consolidation and Fibonacci 38.2%).
Stop-Loss: 1.0530 (below the breakout zone).
Take-Profit Levels:
TP1: 1.0580 (Fibonacci 61.8%).
TP2: 1.0596 (next significant high).
Risk/Reward Ratio: ~1:2.
Class A/B RSI Bearish Divergence on SPY Futures?Really posting here to see if anyone would validate this for me but I was looking on the chart and this idea came about. On the weekly chart for ES1!, there seems to be class A or B Bearish Divergence developing on the Weekly timeframe.
Listen, of course we all know SPY trends upwards over time but is this an indicator of a larger sell the market needs to go higher every once in a blue moon? This is guarenteed a macro trend and I probably will have to wait a year for this analysis to play out but hey, at least we're here. (***ponders on how I charted Gamestop at $10 but never traded because of lack of knowledge***) Anyways, this is something I will of course monitor but let me highlight instances in history this has happened. Please feel free to give your input on this analysis!
Jan 1998 thru Apr 2001 (News Driver: Dot-Com Bubble)
Price makes higher highs from Jan 98' thru Mar 00'
From Mar 98' thru Mar 00', the 3 peaks formed on the RSI leading to price establishing a lower high (SMT) on Sep 00'. Fails to make new all-time high
From Sep 00' to Apr 01' price moves down as much as 30% over the next 224d
Jan 2013 thru Feb 2016
Price makes higher highs from Jan 13' thru May 15'
From May 13' thru Jun 14', the 3 peaks formed on the RSI leading to price establishing a lower high (SMT) Jul 15' and a following lower high on Nov 15'
From Jul 15' to Aug 15' (42d) (News Driver: Lagging China Market) price moves down as much as 14% and as much as 14% on the Nov '15 lower high to Jan 16' (78d) (News Driver: Oil Prices)
Current: Jan 24' thru Nov 24'
Price has been making higher highs all year
From Mar 24' thru , the RSI has been making lower highs while price is making higher highs
We are now at a point where price is pushing to go higher but what I would want to see based off of historical data is for price to consolidate or some type of Bearish Turtle Soup forming. If this happens and the RSI returns to Fair Value, we could be in for a sizeable sell of for at least a couple of weeks in the near future.
I will come back to this in the next few months. Happy Trading!
XRP Whale Awakens: A Potential Catalyst for Price Surge?The cryptocurrency market has been excited as a significant whale movement involving XRP has been detected. A massive transaction worth $36.67 million has recently taken place, sparking speculation about a potential price surge for the digital asset.
The Whale's Move: A Bullish Signal?
Whale movements are often closely monitored by market analysts, as they can provide valuable insights into potential price trends. When large amounts of cryptocurrency are moved between wallets, it can indicate a variety of factors, including:
• Accumulation: Whales may be accumulating XRP in anticipation of a future price increase.
• Distribution: Conversely, whales may be distributing their holdings to take profits or reduce their exposure to the asset.
• Market Manipulation: In some cases, whale movements can be used to manipulate the market by creating artificial price swings.
While it's impossible to definitively determine the whale's intentions, the sheer size of the transaction has certainly caught the attention of the crypto community. Many analysts believe that this could be a bullish signal, suggesting that the whale may be preparing for a significant price move.
XRP's Recent Performance and Future Outlook
XRP has had a tumultuous journey in recent years, facing regulatory challenges and legal battles. However, the cryptocurrency has shown resilience and has managed to maintain its position as one of the top digital assets by market capitalization.
In the short term, the whale's recent move could provide a significant boost to XRP's price. However, the long-term outlook for the cryptocurrency will depend on several factors, including:
• Regulatory Clarity: A favorable regulatory environment is crucial for the growth of the cryptocurrency industry, including XRP.
• Technological Advancements: Continued innovation and development within the XRP ecosystem can attract new users and investors.
• Market Sentiment: Overall market sentiment and the performance of other major cryptocurrencies can also impact XRP's price.
Technical Analysis: A Bullish Perspective
Technical analysis of XRP's price chart suggests a bullish outlook. The cryptocurrency has formed a bullish pattern, indicating a potential upward trend. Additionally, key technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence1 (MACD) are signaling a bullish crossover, further supporting the bullish thesis.
Conclusion
The recent whale movement involving XRP has sparked excitement and speculation within the crypto community. While it's important to approach any investment with caution and conduct thorough research, the potential for a price surge cannot be ignored.
However, it's crucial to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should carefully consider their risk tolerance and investment goals before making any investment decisions.
By staying informed about the latest market trends, conducting in-depth technical analysis, and diversifying your portfolio, you can increase your chances of success in the dynamic world of cryptocurrencies.
Arrived at the starting line for the ATH update
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If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
(ETHUSDT 1D chart)
It is rising as the starting point for the ATH update.
Accordingly, it is important to see whether it can receive support and rise near 3644.71.
-
Unlike the BTC chart, you can see that the gap between the M-Signals on the 1D, 1W, and 1M charts is narrow.
Therefore, it is expected that the trend will be determined again after the ATH update this time.
-
Based on the current price position, the important support and resistance zone is 3265.0-3321.30.
Therefore, if the price is maintained above 3265.0-3321.30, I think it is highly likely that the uptrend will continue.
-
(1M chart)
I wonder how high it can rise if the ATH is renewed.
I think the Fibonacci ratio can solve this curiosity a little.
Based on the currently drawn Fibonacci ratio, if it rises above 1 (5005.30), it is expected that the rise will begin to rise to around 1.618 (7362.80).
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
Sideways until around December 3rd (???)
(Title) The point of interest is whether it will move sideways until around December 3rd
---------------------------------------------
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
-------------------------------------
(BTCUSDT 1D chart)
The key is whether it can rise with support near the high point area of 96372.40-98892.0.
If not, the point of interest is whether it can move sideways in the box area of the HA-High indicator of 91792.14-98871.80 until around December 3rd.
-
Because the gap between the M-Signal indicator on the 1W chart and the M-Signal indicator on the 1D chart is wide, I think it is important to see whether it can move sideways from the current price position.
If it falls below the M-Signal indicator on the 1D chart, it is likely to fall near the M-Signal indicator on the 1W chart or the HA-Low indicator on the 1D chart.
-
If the sideways movement continues until around December 3, I think it is highly likely that an upward movement to break through 100K will begin.
At this time, you need to check the movements of the BW and StochRSI indicators.
I will tell you more details at that time.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
EURUSD Wave Analysis 27 November 2024
- EURUSD reversed from support area
- Likely to rise to resistance level 1.0620
EURUSD currency pair recently reversed up from support area located at the intersection of the long-term support level 1.0455 (previous yearly low from 2023) and the lower weekly Bollinger Band.
The upward reversal from the support level 1.0455 will form the weekly Bullish Engulfing if the pair closes this week near the current levels.
Given the oversold weekly Stochastic and the strength of the support level 1.0455, EURUSD currency pair can be expected to rise to the next resistance level 1.0620 (former support from May).
LYV extremely stretched to the upsideUsing the MFI indicator on the 4D chart, you can see that past OB readings (orange boxes) were highly correlated with price corrections. I expect a correction soon, but it might not happen until after Trump is inaugurated. I would express this thesis with an out-of-the-money put with expiration between June 2025 and January 2026.