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$FXS Performing Falling wedge CRYPTOCAP:FXS Performing Falling wedge in 1D Keep eye on Breakout Falling Wedge The falling wedge can either be a reversal or continuation signal. As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next. As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern. In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows. Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows. If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips! A good upside target would be the height of the wedge formation.
Long
by Crypto-Adda_Official
📈Ethereum analysis, Weekly insight into price behavior📉BINANCE:ETHUSDT COINBASE:ETHUSD Hello dear traders. Due to the increase in trading volume in the last candles, I'm going to do some weekly Ethereum analysis. In the next few days, Ethereum is expected to stabilize around the 1.6K - 1.75K. If the price breaks below the mentioned area, the price will drop to the level of 1.5K (probably price receive support here) and then 1.2K. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Long
by CrazyS
6
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- ethereum (ETH) remained in the red, following the recent decision by the Ethereum Foundation to trade 1,700 tokens. After a high of 1,596.97 to start the week, ETH/USD retreated to a low of 1,553.01 late in yesterday’s session. This saw the cryptocurrency hit a one-month low, prompting bulls to buy the dip, and pushing the price to a current reading of 1,580.44. it seems that the recent decline has pushed the 10-day (red) moving average close to a downward cross with its 25-day (blue) counterpart. In the event that this occurs, there will likely be further sell-offs, with ethereum almost certainly falling below 1,500. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
5
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) suffered heavy losses to start the week, with the price falling under the 1,600 zone. ETH/USD moved to a bottom at 1,590.34 earlier in today’s session, which came a day after peaking at 1,638.90. it appears that sellers are looking to push the world’s second-largest cryptocurrency to a floor at 1,560, before possibly taking profits. Ethereum is now trading at a two-week low, with the RSI also hovering around its weakest point since late September. Price strength is now tracking at 41.65, after recently slipping below a point of support at the 43.00 level. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:-Ethereum (ETH) also made marginal gains to start the weekend. Following a low of 1,613.38 on Friday, ETH/USD moved to an intraday high of 1,659.61 as the session progressed. gains have somewhat faded, with the world’s second-largest cryptocurrency now trading at 1,641.61. The 14-day RSI on ethereum is now hovering near a resistance of 50.00, however, unlike BTC, it has not yet been able to break out of this zone. In the event this takes place in the coming hours, ethereum bulls will likely make another run for the 1,700 level. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
6
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:-Ethereum (ETH) returned to the green in today’s session, following a spell of four consecutive days trading lower. After hitting a one-week low of 1,608 on Thursday, ETH/USD rose to a peak of 1,649.13 earlier in the day. This came as bulls opted to reenter the market following a breakout below a support point at the 1,620 level. Earlier gains have somewhat faded, as ETH approached a ceiling near the 50.00 level on the RSI indicator. Currently, price strength is tracking at 48.93, with ethereum trading at 1,634, and bulls maintaining a target of 1,700 in the short term. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Ethereum Might Shock Us All Ethereum, similar to Bitcoin, also remains in a tentative uptrend. We've successfully made Higher Highs and Higher Lows throughout 2023, however Ethereum has underperformed Bitcoin this year and ETH's chart looks less convicing than Bitcoin's. Critical support must hold for Ethereum at $1,450. If this levels breaks, we will revisit our Demand Zone between $1,075 - $1,235. Conversely, we are looking for a successful breakout of $1,780 - confluent with our 20-Period Weekly Moving Average. Ethereum on the Daily indicates that price has driven back down into our Daily Demand Zone. We've ranged between mid $1500s and mid $1700s for several weeks now. The trade setup on this timeframe is longing from our Demand Zone back up to Resistance, however I'm not pulling the trigger until potentially daily close. I want to see the Demand really come in. Visually that means I want to see a nice bullish candle with little wick at Daily Close, not going to enter on a Doji Candle. With all that being said, this is certainly forming up to be a Short Setup on the hourly for Ethereum. The 50-Peroid Moving Average has acted as firm resistance for all of this downtrend, and price has reached that level again. There's lots of pin bars wicking up into this resistance zone. Patience is necessary, as a potential Change of Character is always possible. Wait to see if ETH breaks out, then we can trade to the long side. However, if we get any sort of rejection away from this level it's a safe short to a lower low.
by CrackingCryptocurrency
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) moved lower for a fourth straight session on Thursday, as the cryptocurrency closed in on a recent point of support. Following a high of 1,654.43 on Wednesday, ETH/USD dropped to an intraday low of 1,632.72 earlier today. This extended slippage pushed ethereum towards a floor of 1,620, which was last hit on September 29. Today’s fall in price came as the RSI marginally dropped below support of its own at the 50.00 zone. the indicator is reading 49.24, with a lower level at 44.00 a possible target for sellers in the market. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) was largely lower in today’s session, despite moving away from a price floor of its own. ETH/USD has fallen from an earlier peak of 1,662.45, and as of writing this is now trading at 1,648.07. Although the cryptocurrency has moved away from its earlier peak, the price is trading above a floor of 1,620. This comes as bulls rejected a breakout of the 50.00 level on the RSI indicator, with the index now tracking at 50.63. In the event that momentum begins to pick up in the upcoming days, ethereum could be soon back over 1,700. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
2
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this eth/usdt update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) was also a victim of today’s profit-taking, with the price once again falling below the 1,700 mark. ETH/USD sank to a bottom at 1,646.08 on Tuesday, less than 24 hours after peaking at a seven-week high of 1,733.51. The decline appears to have come after ethereum bulls were unable to force a breakout above a ceiling of 1,730. the sell-off engulfed gains from the past three days and came as the RSI fell below a floor of 60.00. the world’s second-largest cryptocurrency is trading at 1,656.73 and appears to be heading for a floor of 1,620. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this Ethereum update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) continued to trade above the 1,700 level on Monday, as the cryptocurrency hovered near a multi-week high of its own. ETH/USD hit an intraday high of 1,750.60 to start the week, less than 24 hours after trading at a low of 1,670.08. this rally has seen ethereum trade at its highest level since mid-August, after breaking out of a resistance point at 1,730. A closer look at the chart will also show that an upward crossover between the 10-day (red) and 25-day (blue) moving averages has occurred. This typically is a bullish signal, however, with Ethereum’s RSI also close to being overbought, traders might be tentative before opting to amplify pressure. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
6
ETHEREUM UPDATE !!Hello friends, welcome to this Ethereum update from Crypto Sanders. Chart Analysis:- Ethereum (ETH) continued to trend higher on Friday, breaking out of a key resistance level in the process. ETH/USD peaked at 1,687.28 earlier in today’s session, which comes a day after trading at a low of 1,620.68. This surge has resulted in ethereum climbing over a long-held ceiling at $1,670, hitting a one-month high in the process. The latest uptrend coincided with the relative strength index moving beyond a ceiling of its own at 57.00. It is now tracking at 58.61. Bulls will likely remain unsatisfied until they take ethereum back above 1,700, which hasn’t happened since the end of August. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Ethereum Break Out Live?Ethereum is also in a range, similar to Bitcoin, but a harder to identify and define range. Nevertheless, we can see that ETH has driven down into a Demand Zone, and after filling Bids price is now attempting to break above local resistance, with what appears to be success. Waddah Attar Explosion and Mynx technical indicators confirm the breakout attempt, so I am long targeting the Bearish Order Block above us that formed in that tight consolidation range below our Supply Zone.
Long
by CrackingCryptocurrency