ETHUSDT WEEKLY ENTRY SIGNAL LONGHappy weekend, dear hodlers!
I hope you’re having a great time and enjoying this wonderful bull run.
This is ETH on the weekly time frame. It has passed the 0.382 FIB level and is now at a resistance level that accounts for one-third of all historical price action. Volume is decent, but there’s room for improvement.
The trading system is signaling an entry at this level, which aligns with last week’s close.
Overall, everything looks promising for a long-term entry for those looking to HODL.
I’ll keep this idea updated!
Cryptomarket
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 15, 2024Technical Analysis and Outlook:
According to my analysis of Bitcoin, as I have previously forecasted for Aeon, Bitcoin achieved the target of $92,000 in the past week. Although it has since retraced to the Mean Support level of $86,500, Bitcoin is currently at the top, regaining momentum, and is projected to hit the Outer Coin Rally of $99,500 and a subsequent target of $110,000. Currently, wwe are hovering near the $100,000 threshold, which indicates the commencement of a significant bull market. It is essential to acknowledge that this journey has been lengthy and demanding, and further volatility is anticipated. Nevertheless, patience will likely yield substantial rewards for those who have remained committed thus far. Recognizing that reaching these targets in all probability will trigger selling pressure is crucial.
Alikze »» HBAR | Wave 3 or C bullish scenario - 1D🔍 Technical analysis: Wave 3 or C bullish scenario - 1D
BINANCE:ADAUSDT BINANCE:SOLUSDT
BINANCE:HBARUSDT It is moving in a downward channel in the daily time frame.
- The previous wave has completed a full upward cycle, after which a corrective combined cycle has extended up to the 38 Fibo range.
- Currently, according to the movement structure, the first wave cycle has been completed and after that the second correction cycle has been completed in the range of 38 Fibo and it is currently in the microwaves of the rising wave 3.
💎 This motion cycle can occur after hitting the supply zone and a temporary correction leading to its failure to reach the ceiling of the previous module.
💎 Therefore, this movement cycle can grow more than 600%.
💹 Support zone: 0.06292 - 0.06965
🏹 Goals:0.33 - 0.56
⚠️ In addition, if a correction occurs, the range of this validation level should not be touched, if the range of the bullish scenario is touched, it will be invalidated. And it should be checked and updated again. ⚠️
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DOT - the underdog is primedYes yes...I know
why would i mention anything about DOT
its seemingly dead... or is it
aside from polkadots insanely strong developments to improve its ecosystem all metrics pooint at a staggering boost in activity and volume
soon the volume will translate to snappy price action for DOT
a breach of the $25 level could signal stronger long side momentum to $70+
$NEAR Ready to Breakout: $10 and Beyond in Sight!CRYPTOCAP:NEAR looks primed for a breakout—monthly and weekly trends are firmly in place. It just needs one more push, and we could see it surge towards $10 and beyond.
I’m slowly adding to this position now and plan to accumulate more as it approaches $5. My initial entries were around $3.80, but after patiently waiting, it seems like the breakout I’ve been anticipating is finally on the horizon.
Let’s see if it holds the momentum and delivers the move we've been expecting!
BTC/USDT.P updateDaily candle closed belowed the mid point of a major seller zone, meaning seller are in control and we are likely to see some more bearish action this coming week.... We have also completed a bearish Crab harmonic pattern with TP1 set for 76397.5 and potentially TP2 for 65889. HTF harmonics are usually pretty accurate so I think the daily time frame retrace I've been looking for is potentially coming soon. Be ready. @Nate Alert
Please don't blindly trade short lol, make sure you do proper risk management and only enter at price points that are reaction zones
ETH/BTC - The fastest horse in the raceWhile I recently laid out why I think COINBASE:ETHUSD has a bullish setup brewing, I want to turn attention to BINANCE:ETHBTC . While I think both BTC and ETH have bullish setups, a case can be made that ETH is about to begin outperforming BTC and we'll likely see a period of outperformance for ETH.
Currently forming on the BINANCE:ETHBTC weekly candlestick chart is a bullish engulfing setup coming off of an RSI divergence. These types of setups can be quite explosive once price breaks above the weekly candle high and starts moving. If this pattern plays out then the next major overhead resistance is in the 0.54-0.56 region. Beyond that the next major resistance is just below 0.08. As always, we need to practice proper risk management, so for this setup the invalidation level is around 0.0345.
Also keep in mind that the weekly candle has not yet closed so we are simply watchin for the potential at this point. For a good, solid setup we'd want to see very little upper wick when this weekly candle closes.
Aerodrome - The Boy is Ready to Become a ManAerodrome is rapidly establishing itself as the go-to platform for liquidity, even starting to drain liquidity away from Uniswap. In some instances, liquidity for trading USDC with assets like wBTC has become so limited on Uniswap that even $5 swaps are challenging. Both Velodrome and Aerodrome are approaching a pivotal position in the market. The team behind Aerodrome is also highly experienced and dependable, which strengthens confidence in their future. Overall, I’m very bullish on both Aerodrome and Velodrome.
Eos Breaking out on the H4 ChartEos is currently breaking out to the upside of a H4 bull flag/ bull pennant formation. The rsi is 58 at time of publishing. Target for the long is the 1.618 extension or better of the previous high swing low. The H4 50 sma is running along support and is a good indicator that this area is the bottom of the tokens range.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
Alikze »» EDU | Descending channel🔍 Technical analysis: Descending channel
- It is moving in a descending channel in the 8H time frame.
- At the bottom of the channel, a strong buying pressure candle has been encountered.
- Currently, we have to wait for the failure of the supply zone to exit the downward channel.
- If the supply zone breaks, it can have the targets of 0.9769 and 1.1719.
💎 Alternative scenario: In addition, if it encounters selling in the middle of the channel and below the supply range, it can retest the bottom of the channel. The first target of the downtrend will be the 0.39 range.
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LINK SWING LONG OPPORTUNITY - ALTSEASON - Altcoin MarketLINK is one of the key blue-chip assets in the crypto market. It is a well-established and reliable project compared to many newer networks and assets, which is why I prefer trading LINK.
Technical Analysis:
The price reached the monthly demand during the August 4th dump, got rejected, and began climbing. Following this, it broke the daily and weekly bearish structure, shifting into bullish momentum. Finally, the price broke the bearish trendline responsible for the downtrend since March 2024.
The price now appears to be retracing into the weekly demand and potentially retesting the flipped bearish trendline. The weekly demand also aligns with the optimal trade entry (OTE) zone, adding extra confirmation for me.
I will look for LTF confirmations to initiate a trade within the marked entry zone.
SL: $9.2
TP1: $19.2
TP2: $22.8
BTC Needs to clear this areaIf Btc cannot clear this level I cannot buy - According to one of my students I am suffering from PTSD from the buys I took yesterday lol
I can seriously agree with that if I am being honest, the drop came out of nowhere and the thing with btc is when it starts to move, it really moves..
Now, what I will say say is that when you look at this area I've highlighted (in orange) price is clearly stumbling about this level, having even "broke out" not to long ago but as you can see that definitely wasn't a break out and in fact was a fake out to induce traders to buy.
The fact is that btc is stumbling about this area now as it attempts to capture orders for the next move. What the next move will be is still unknown but I believe it will be buys.
Why? Just when you look at the lows and how they are behaving, price doesn't like the lows - consistently rejecting the lows and having price be pushed higher and higher each time.
What this tells me is that sellers are still not in control and are only being made to believe that they are so that they can inject liquidity into BTC so that it can be used by the buyers.
Remember, if market participants are buying, someone has to be there to sell.
I will continue to watch it to see if and when it starts to move.
Alikze »» BEL | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
- BINANCE:BELUSDT It is moving in an ascending channel in the daily time frame.
- After hitting the ceiling of the channel, a correction has been encountered, which is met with demand in the OB area and an upward wave has formed.
- Currently, it can face the demand again and touch the specified targets by returning to the bottom of the channel and the green box area.
💹 Support zone: 0.48 - 0.39
🏹 Goals: 0.78 - 0.87 - 1.07 - 068
⚠️ In addition, if the 0.39 area breaks and is below the stabilization range, it can continue the correction process.⚠️
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Potential bullish rise?The Bitcoin (BTC/USD) has reacted off the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 86,584.45
1st Support: 83,335.94
1st Resistance: 92,840.85
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Disclaimer:
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Alikze »» PEPE | The next rally - 1D🔍 Technical analysis: The next rally, Wave 3 or C bullish scenario - 1D
- It is moving in an ascending channel in the daily time frame.
- After hitting the ceiling of the channel, the price faced a zigzag correction, which faced buying pressure in the demand range.
- In the daily time frame, a movement cycle has been completed up to the ceiling of the channel, after which the correction has been completed with a zigzag correction in the range of the green box.
- After that, it had a rally in the form of the first wave, after which a zigzag correction in the bottom range of the channel met with demand.
💎 Currently, it is located in the middle of the channel due to the failure of the previous roof.
💎 Therefore, this bullish wave can continue the bullish trend to the specified areas with a pullback to the broken structure.
⚠️ In addition, if the price enters the Invalidation LVL range, the bullish scenario will be invalidated.⚠️
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BINANCE:PEPEUSDT
Xrp - This Triangle Wil Double Your Money!Xrp ( BITSTAMP:XRPUSD ) is retesting a major confluence of support:
Click chart above to see the detailed analysis👆🏻
For a couple of years now, Xrp has been trading in a bullish symmetrical triangle pattern. As we are speaking, Xrp is retesting the lower support trendline and also a horizontal support level. It is quite likely, that we will eventually see a breakout above both triangle patterns on Xrp.
Levels to watch: $0.5, $0.6, $1.0
Keep your long term vision,
Philip (BasicTrading)
TOTAL 3 CRYPTOCAP EXCLUDING BTC ETH SITTING AT LAST TOP The total crypto market cap (excluding BTC and ETH) is sitting at a critical resistance level. This suggests potential volatility as the market tests this level, with a breakout possibly signaling stronger interest in altcoins. Watch for either a decisive move upward or a rejection, which could indicate a period of consolidation ahead.
TOTAL MARKETCAP CRYPTOCAP SITTING AT 3 T. The total cryptocurrency market cap is currently sitting at the top of 3 trillion USD, a strong indication of ongoing bullish sentiment across the market. With such a high market cap, we’re seeing significant momentum, and key resistance levels may soon be tested. Traders should watch for potential breakout signals or signs of consolidation as the market stabilizes at this level.