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ETH Diverges from Bitcoin: Is a 20% Downside Imminent?Currently, many altcoins, including Cardano, XRP, and Ethereum, are showing strong bearish signals . Using a straightforward indicator like the 200-day EMA on the daily timeframe, we can see that most of these coins are trending below this line, highlighting a consistent bearish bias. Altcoins often follow similar trends, moving together with the overall market sentiment. With this in mind, we're screening for the best potential setup based on technical indicators. Out of all, we’re zeroing in on BINANCE:ETHUSDT which we believe presents the strongest opportunity right now. Let's dive deeper into its technicals. With ETH/USDT in focus, the technical indicators reveal a clear bearish setup. The price is currently trading below a well-defined bearish trendline and the 200-day EMA, signaling sustained downside pressure. This bearish outlook is further reinforced by a Rising Wedge breakout, while a bearish MACD crossover highlights strengthening momentum in favor of the bears. Given these aligned signals, there’s a high probability of a continued downward trend. Our first target sits at 2015.82 . From there, we may see a brief pullback into the green zone before ETH/USDT resumes its decline, potentially reaching the second target at 1834.62. This outlook remains valid as long as the price holds below the stop-loss level at 2773.05 Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. 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.
Short
by financialfreedomgoals101
BNB Price Eyes Major Rally as Binance OI Hits Record $8.3 BlnBinance Coin ( CRYPTOCAP:BNB ) is in the spotlight as Binance's open interest in crypto derivatives surges to an all-time high, hinting at a significant rally for the native exchange token. With open interest reaching $8.3 billion, the crypto world is abuzz with speculation over whether CRYPTOCAP:BNB will capitalize on this momentum and break through key resistance levels. Here's an in-depth look at the technical and fundamental elements driving BNB's market action. Binance Dominates Crypto Derivatives Market The latest on-chain data from CryptoQuant reveals a remarkable milestone for Binance, as the exchange's open interest in crypto derivatives surged by 10.24% in just 24 hours, hitting a record $8.3 billion. This figure not only highlights the exchange's growing influence but also underscores Binance's 35% share of the global open interest in crypto futures, solidifying its dominance in the market. This uptick comes at a time of heightened market activity, following Bitcoin's historic rise to $74,000 after Donald Trump’s U.S. presidential election win. The ripple effect of Bitcoin’s upward momentum has impacted the entire crypto market, with liquidations of short positions amounting to over $370 million. Total liquidations reached approximately $580 million, underscoring the bullish sentiment that has fueled trading interest across various exchanges. Binance’s open interest dominance is a crucial indicator of market sentiment, signaling that the exchange continues to play a pivotal role in shaping broader crypto market trends. The increased interest in Binance's derivatives platform could drive higher trading volumes and, consequently, more significant price action for BNB. BNB Price Prediction From a technical standpoint, CRYPTOCAP:BNB appears well-positioned for further gains. The token has experienced a 2.6% price increase over the past 24 hours, climbing to $583. Trading volume also surged by an impressive 46.55%, totaling $2.26 billion, while BNB’s market cap rose to $84.12 billion. The combination of increased trading activity and a favorable technical setup points to a potential bullish continuation. Key chart patterns are bolstering the optimistic outlook for BNB. Analysts have identified a cup and handle formation, a classic technical indicator that often signals a bullish breakout. If CRYPTOCAP:BNB successfully breaks out of this pattern, it could aim for the resistance level at $700—a crucial price point that, if surpassed, may open the door for even higher targets. Additionally, CRYPTOCAP:BNB recently broke out of a falling wedge pattern that lasted over five days, further reinforcing the bullish narrative. The token has rebounded from this consolidation phase and is showing signs of strength. As of now, CRYPTOCAP:BNB is trading up 4.11% and has established a bullish continuation pattern. The Relative Strength Index (RSI) stands at 55, indicating that CRYPTOCAP:BNB is neither overbought nor oversold, leaving ample room for upward movement. Resistance and Support Levels to Watch For traders and investors, key resistance and support levels will be crucial in determining BNB’s next moves. The first significant resistance sits around $613, the one-month high that CRYPTOCAP:BNB previously touched. Breaking this level could pave the way for a push toward the $700 resistance. On the downside, traders should keep an eye on the $550 support level, which, if breached, could signal a temporary pullback. Broader Market Sentiment BNB’s price action is not happening in isolation. The broader market sentiment, driven by Bitcoin's historic highs, has also played a role in shaping expectations for $BNB. The recent surge in Bitcoin led to a wave of short liquidations, wiping out over $370 million across exchanges. This liquidation cascade contributed to a more bullish environment, benefiting altcoins like $BNB. Moreover, the aggregated open interest across all major futures exchanges has hit $23.3 billion, reflecting the strong market enthusiasm. This level of activity suggests that traders are positioning themselves for significant price moves, adding to the anticipation surrounding BNB’s potential breakout. Conclusion BNB's price outlook is undeniably bullish, backed by strong fundamental indicators and promising technical patterns. Binance's record-breaking open interest underscores the exchange's market influence, while the cup and handle and falling wedge breakouts point to further upward momentum. With Bitcoin’s rally and overall market optimism supporting BNB’s rise, the native token is poised to test higher resistance levels. As CRYPTOCAP:BNB eyes a potential breakout to $700, market participants should remain vigilant, watching both the support at $550 and the key resistance levels. Whether CRYPTOCAP:BNB can sustain this momentum and continue its ascent will depend on how the broader market dynamics unfold, but for now, the sentiment remains overwhelmingly positive. BNB holders, get ready—this rally could be just getting started!
Long
by DEXWireNews
3 Altcoins to watch this weekend...BINANCE:RAREUSDT After a 50% surge, RARE is currently in a sharp correction phase. As it approaches the black structure, I will be looking for trend-following longs. BINANCE:MASKUSDT Just like RARE, MASK surged by over 60% forming a massive demand zone marked in blue. As it retests the demand zone, it would be an attractive zone to look for longs at a discount. BINANCE:ALPHAUSDT This one is the strongest among today's list, as it surged by almost 50% 2 weeks ago. ALPHA has been in a correction mode and seems the bears are loosing momentum. The more it approaches the gray demand zone, the more potential the bulls will have to kick in. Which altcoins would you like me to cover next? All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
17
ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH is currently hovering around the lower bound of its range in the shape of an ascending triangle. 📈As long as the lower red trendline holds, a continuation towards the upper bound of the triangle is expected. In parallel, if the last major low in red at $2,300 is broken downward, a dip towards the $2,000 - $2,100 weekly support would be anticipated. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
AVAX vs BTC | ALTCOINS | Life Changing IF This Pattern Plays OutFractals have been used for years as possible suggestions to map how money moves in the financial market. This is what gives them significance; they draw out a sort of map. The hard part about fractals though, is that they often appear cross markets and it is no easy feat to spot similarities on large scale. However, to the seasoned eye, fractal-spotting becomes easier over time. There is a misconception that fractals can only be used in the same timeframe. This is simply because, as with Bitcoin, there is a large history of candles (data) that plays out in an elaborate pattern. Daily candlestick patterns become lost in weekly patterns, even though the general direction / macro is the same. In the case for AVAX, a similar pattern has been observed in BTC before the COVID pandemic - and it has been playout out perfectly, so far. ______________________ BINANCE:BTCUSDT COINBASE:BTCUSD BINANCE:AVAXUSDT
COINBASE:BTCUSDLong
by CryptoCheck-
1
#ALTCOINS Season is commingwe are in a strong resistance for #BTC_DOMINANCE so we have to expect reversal from here & If this happened means....... 1. we are in #altcoins bottoms 2. #altcoins season is coming so soon 3.it is the right time to invest in #altcoins not #BTC *********** This is my expectation for next weeks ********** ******( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) ******* CRYPTOCAP:BTC.D CRYPTOCAP:BTC CRYPTOCAP:ETH #BTCUSDT #bitcoin #BTC #BTCUSDT #BTCUSD #BTCETH #ETH #ETHUSDT #ETHBTC #ETHUSD #trade #trading #longterminvestment #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting
CRYPTOCAP:BTC.DShort
by Crypto_alphabit
54
#Altcoin run is programmed in the medium term.2025 will be unique for #Alts and #Bitcoin The impact of the elections in the US on financial markets can be significant. A win by #Trump or Harris could have different effects in terms of economic policies and market expectations. If Trump wins, it is possible that prices will rise even more due to high inflation expectations in the markets. If #Harris wins, it is expected that the #Fed will continue with its current monetary policies, so although there will be price fluctuations in the short term, it is possible that the bull run will continue in the long term. It should not be forgotten that the election results are not only related to short-term effects, but also to medium and long-term economic fundamentals and central bank policies. 🤝
CRYPTOCAP:TOTAL3
by EtherNasyonaL
1
ALTCOINS | OLD Timers with BIG GAINS | BCH, DASH, LTCSome alts are around just because they have been around since the early days - call them titans, if you may. The beauty about these coins is that even though they have long been left behind by newer and more innovative projects; they are still being traded by whales . And where there are whales, there are sharks 🦈 1) Bitcoin Cash / BINANCE:BCHUSD.P 2) Dash / BINANCE:DASHUSDT 3) Litecoin / BINANCE:LTCUSD.P These alts can do anything from 10% to 50% in a three month period - and you can be fairly certain it will still be there in three months (bonus)! _____________________
BINANCE:LTCUSD.PLong
by CryptoCheck-
3
INJ SWING LONG OPPORTUNITY - Injective Network INJ was one of the most bullish coins last year during the 2023 autumn altcoin season, achieving over an 8x increase! I strongly recommend following this coin during the 2024-2025 altseason. Technical Analysis: The price reached a weekly swing point and wicked off it, but couldn’t close below, showing a strong rejection from that level. This led to the creation of a daily demand zone, which I find significant since the weekly run occurred before this daily demand was formed, suggesting strong support potential. The price has now hit the daily demand zone and is sitting at a maximum discount area. I’ll be watching for lower time frame confirmations to anticipate price movement, but things are looking great. Targets: There is a bearish trendline that has defined the bearish structure since June 2024, which I consider the first take-profit level. Additional targets are visible on the chart, with 24.94 and 28 USD as potential levels. I expect we could reach these targets before the new year.
Long
by UA_CAPITAL
$INJ update: still in a raising patternFollowing this weekend’s mini crash when Israel targeted Iran, creating uncertainty and pushing CRYPTOCAP:BTC dominance up to 60%, most altcoins experienced another pullback. The CRYPTOCAP:TOTAL3 index (alts excluding CRYPTOCAP:ETH and CRYPTOCAP:BTC ) has dropped to $500B, impacting the broader altcoin market. CRYPTOCAP:INJ has not performed well, mainly because many early investors who bought at $2 are now gradually taking profits after a 10x gain, creating ongoing selling pressure. Despite this, CRYPTOCAP:INJ continues to build partnerships (most recently with FETCH) and expand listings (such as Upbit), showing sustained investor interest. However, selling pressure has been counterproductive, limiting CRYPTOCAP:INJ 's ability to rally significantly. The chart indicates a rising wedge channel, with new support levels forming and higher lows, signaling a shift towards bullish control. CRYPTOCAP:INJ appears ready for an explosive move as profit-taking subsides and new investors hold. The support and resistance levels on the chart will be monitored, with updates as the market unfolds.
Long
by CryptoNikkoid
2
AAVE LONG IDEA - AAVE Coin Swing Long OpportunityAAVE is a coin I monitored closely during Summer 2024. While most altcoins were making new lows, AAVE was accumulating and showed resilience, which suggested to me that it might outperform others in the 2024-2025 altcoin bull season. Technical Analysis: Price accumulated within the monthly demand zone throughout Summer 2024. It finally took off, breaking the weekly structure and creating strong bullish momentum on the weekly and daily charts. Currently, price is retracing to the weekly demand zone responsible for the structural break, which is also supported by the monthly demand. This level appears strong to me. I anticipate a slight retracement to grab daily swing liquidity before taking off from that area, which aligns with the Fibonacci golden entry level, adding further confidence. I’ll be watching for LTF confirmations to enter the trade.
Long
by UA_CAPITAL
Grass: Green? or brown?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Some questionable elliottwave structure in the wave one, but if it can stay above 1.37 here or above, and complete a move past the ath, I would be inclined to say impulse up is completing. 1.70 is the level the bears have to break to keep this party going, so if it does break I will be looking for how it breaks. A flip of the level would be ideal. Trade Safe, Trade Clarity.
Long
by CryptoKnee
2 ALTCOINS in 2 MINUTES | AAVE & RUNE | Great UpsideTwo altcoins in under two minutes - each with a bright future and good-looking upside potential. BINANCE:AAVEUSDT AAVE might e heading back to retest a crucial support zone, in other words - you could get a cheaper entry. A good place to look for potential buy zones, is on the moving averages in the daily. The price is on the right-hand panel, and indicates possible bounce zones: BINANCE:RUNEUSDT RUNE is slightly more advanced in the bullish cycle, forming higher highs after retesting the key support. There is still a major upside potential. Ultimately, the earlier / lower you buy, the better (unless you are a swing trader or scalp trader). Either way , many altcoins will begin to pick up now that BTC is trading sideways. ______________________________
Long
by CryptoCheck-
1