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ETH Daily TA Cautiously BearishETHUSD Daily cautiously bearish. Recommended ratio: 25% ETH, 75% Cash. *The Federal Reserve Bank of Atlanta released a real-time GDP estimate that currently projects -1% GDP growth for Q2 , when the BEA releases their first Q2 GDP estimate on July 28th it will give more clarity but the general consensus is that we are heading for an "official" recession (I have previously stated we are arguably already in a recession). How much of a recession has been priced in is yet to be determined but the NYSE and NASDAQ combined have already lost $7 trillion in market cap in 2022 (data from World Federation of Exchanges ) and it is estimated that more than $11 trillion (in market cap) has left global equity markets ( US represents 41.6% of global equity markets ). Cryptos and equities are once again bearing the brunt of a risk-off investment thesis that is being propagated by fears of a recession. With regards to Ethereum, The Merge hasn't been scheduled yet but some core developers think it will be launched in September .* Price is currently trending down at $1005 as it attempts to defend $1k support; if it is able to defend $1k support it would also likely form a local Double-Bottom which would be bullish, but it's still premature to say at this time. Volume is Moderate (high) and currently on track to favor sellers for a fifth consecutive session if it can close today's session in the red; it has also been ascending for five consecutive sessions. Parabolic SAR flips bullish at $1275, this margin is neutral at the moment. RSI is currently trending down at 30 as it approaches a retest of the uptrend line from 01/22/22 at ~28. Stochastic remains bearish and is currently trending down at 67, it is still technically testing 80 but it risks losing it if it is unable to bounce here; the next support is at 47. MACD remains bullish and is currently forming a soft peak as it trends down slightly at -168, it is still technically testing -197 support. ADX is currently forming a trough at 48 after Price was rejected by the lower trendline of the descending channel from October 2021 at ~$1300 and continues to see selling pressure, this is mildly bearish. If Price is able to bounce here at $1k then it will likely retest the lower trendline of the descending channel from October 2021 at $1200-$1300 as resistance . However, if Price continues to break down here, it will likely test $775 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1250.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Neutral BullishETHUSD Daily neutral with a bullish bias. Recommended ratio: 51% ETH, 49% Cash. *Cryptos and equities took a beating today as the markets are deciding whether the Federal Reserve is going to engineer a soft landing or hard landing and whether or not a 3.5% EOY target for Federal Funds Rate is enough. Global inflation numbers continue printing higher and prompting monetary-policy-driven demand slowdowns. China is slowly beginning to lift lockdowns with dine-in at restaurants in Shanghai set to resume on 06/29 and Disneyland set to reopen on 06/30 . The third and final Q1 GDP estimate (US) is scheduled to report tomorrow (06/29) at 830am (EST) and should give insight into how much the economy is likely to slow in Q2. Core PCE Price Index is also scheduled for release at 12:30 (EST) on 06/30, which (combined with CPI due on 830am (EST) 07/13) should help markets gauge whether a 75bp or more rate hike is on the table come 07/27.* Price is currently testing the short-term uptrend line from 06/18 at ~$1150 as support after being rejected by the lower trendline of the descending channel from October 2021 (~$1300) as resistance. Volume remains Moderate (low) and is currently on track to favor sellers for a third consecutive session; the odds of a shrinkage breakout/breakdown are weakening along with the structure of the pattern but it still remains a possibility in the near term. Parabolic SAR flips bearish at $986, this margin is mildly bearish. RSI is currently testing 36.91 support after forming a soft peak at 40. Stochastic crossed over bearish in today's session and is currently trending down at 87 as it quickly approaches a test of 80.69 support. MACD remains bullish and is currently trending up slightly at -161 as it is beginning to show signs of a soft peak formation; it is still technically testing -197 resistance, if it can break above this level then the next resistance would be at -90. ADX is currently trending down at 47.50 is finding resistance as it pushes higher, this is mildly bullish at the moment. If Price is able to bounce off of the short-term uptrend line from 06/18 at ~$1150 then it will likely retest the lower trendline of the descending channel from October 2021 at ~$1300 . However, if Price breaks below the short-term uptrend line, it will likely retest $1k as support before potentially falling to formally test $775.83 support. Mental Stop Loss: (two consecutive closes below) $1135.
COINBASE:ETHUSD
by dailytaguy
2
AUTOFARM to $30,000+ IN NEXT BULLMARKETI will explain what Autofarm is, and why I believe this token will go to $30,000 or higher in price. Autofarm (AUTO) is one of the most under-rated tokens in crypto. I believe that tokens that serve a purpose will be around in the future, while garbage tokens that have no utility will die out in this bear market - just like previous bear markets. AutoFarm is a yield farming aggregator running on both Binance Smart Chain (BSC) and many other smart chain protocols. It has a circulating supply of 34963 tokens, and a max supply of 80,683. This means there will never be more than 80,683 tokens in existence. You know what other token was yield aggregator token with a similar circulation supply? YFI (Yearn Finance)! And that almost hit a price of $100,000 per token in the last bull market. However, Autofarm is better and different that Yearn Finance! What makes Autofarm better is a couple of things: - It is already the absolute best TOP Yield Aggregator on the following chains: GNO, HECO, OASIS, OKEXCHAIN, BOBA, VELAS - It supports other chains as well, including: MATIC, CRONOS, BSC, AVAX, FTM, AURORA, MOVR, CELO, ONE. - It is a deflationary token. Meaning the supply of Autofarm decreases over time! More and more tokens are burned often. With supply going lower, there will eventually be more demand. Currently, 2436 Auto tokens have been burned forever. - The market cap of Autofarm is only $10,000,000! That's basically nothing - YFI is not a deflationary token, doesn't support as many chains, and the dev also left the project. Defi is the future, and we all know that such protocols are in demand and will continue to be in demand. This token has already been listed on major exchanges like Binance, CoinEx and Cryptocom - making it very easy for anyone to buy Once the bull market is back, we expect the entire crypto market cap to get to atleast 6 trillion dollars in the next big bull run. Defi and Yield Aggregator's end up doing great in bull markets. By the time we get to the next bull market (2025), more Autofarm tokens will be burned from the supply, vault fees are used to perform market buy-backs of AUTO and burnt forever. In 18 months, 2436 tokens were burned. So using that figure, we estimate that in 30 months (Early 2025), about 5000 more tokens will be burned We estimate that roughly about 30,000 of these tokens will be in circulation come 2025. This means that the price of each token will increase in value. We have made calculations as to how high this token can go using the market cap. Remember, the figures below only show a supply of 30,000 by 2025: Market cap of 10m, price per token = $333 Market cap of 100m, price per token = $3,333 Market cap of 1b, price per token = $33,333 Market cap of 10b, price per token = $333,333 The all time high for Auto was almost $14,000 per token. And this was also back when there was more supply in circulation. In time, more and more of these tokens will continue being burned. This means that in 1 decade, we could see this reach a much higher price. Autofarm has been audited by 3 different auditors, including Certik. And also has a github page. To me, having multiple audits + a github page is always a good thing when it comes to evaluating tokens I mentioned earlier that my target for this is $30,000 in 2025. This would require a market cap just shy of 1 billion dollars at a supply of 30,000. Yearn Finance easily surpassed 1 billion market cap, and almost reached a 3 billion market cap. I believe this is a strong project and it is a steal at the current price. I also believe we will see the price drop as we go deeper in the bear market, which should make this a nice coin to dollar cost average. I believe there is a good chance that AUTO gets below $100 in the upcoming months, and a very low chance it gets to $50. Should also likely get a couple bounces in small bull phases from now till halving, possibly to $600. BINANCE:AUTOUSDT BINANCE:AUTOUSD BINANCE:AUTOBUSD COINEX:AUTOUSDT GATEIO:AUTOUSDT
ALong
by Coindatahouse
7
#HEX still under control of the BEARS!From the inverse HVF funnel formation and break. HEX dropped below 3 cents A return move to the initial funnel range , seems to be a relief rally. If #Bitcoin does continue on below $15,000 and under The projection of HEX to reach a penny for a capitulatory, cycle bottom still exists. This I believe will set up for a fantastic reflation period of #crypto going into 2023 and the next cycle top in 2025. A few more months of pain , but the rewards for sticking around, and being patient will reward some of us. Not everyone can make it despite the great design mechanics of HEX , this is still highly speculative and the volatility wears on even the strong minded. Survive to Thrive!
Short
by BallaJi
1
Stacks has bottomed at the 0.618 Fibonacci retracementSTXUSDT has put down a textbook 0.618 Fibonacci retracement correction on the weekly chart. In my Elliott Wave count, the last impulsive wave was a truncated fifth. In a new wave count, the retracement to the 0.618 Fibonacci is a corrective wave 2. Such a correction is not unusual for a corrective Wave 2. The Tom Demark (TD) Sequential Indicator indicates a 9-candle count. This usually means that a bottom has been reached and a trend reversal will occur. It indicates a set-up to take a position in the market. I have additionally used the Chris Moody Indicator "RSI Strategy Lower". This indicates by means of the RSI that a bottom has been reached. This can also be seen by the formed horizontal green line; this is now starting to move upwards. If STXUSDT is preparing for an impulsive wave 3, interesting times are coming...
Long
by joerivdpol
1
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 80% ETH, 20% Cash. *SUNDAY/MONDAY SCARIES WATCH. With the BEA due to report a third estimate for Q1 2022 GDP growth on Wednesday (06/29) at 8:30am (EST) and Core PCE Price Index to be reported on Thursday (06/30) at 12:30pm (EST), crypto and equity markets will look to continue the technical relief rally to start the week.* Price is currently trending up at $1237 and is on the verge of testing the lower trendline of the descending channel from October 2021 at ~$1300, where a bit of resistance is to be expected. Volume remains Moderate (low) and is currently on track to shrink for a ninth consecutive session, indicating that a breakout or breakdown is likely impending. Parabolic SAR flips bearish at $941, this margin is neutral at the moment. RSI is currently trending sideways at 39 as it hovers above 36.91 support; the next resistance is at 55.31 which would coincide with the descending trendline from February 2020. Stochastic remains bullish and is currently forming a peak as it tests max top. MACD remains bullish and is currently trending up at -176 as it attempts to breakout above -197.34 resistance. ADX is currently trending down at 48 as Price continues to push higher, this is mildly bullish. If Price is able to break out (and close) above the lower trendline of the descending channel from October 2021 at ~$1300 then it will likely test $1426 resistance. However, if Price breaks down here, it will likely formally test $775 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes below) $1k.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 65% ETH, 35% Cash. *Cryptos and equities continue rallying and will hope to carry on this momentum through the weekend and into next week leading up to the Core PCE inflation report due next Thursday (06/30/22). Which should tell us whether or not the Fed is going to raise FFR by 75bp (or more) on 07/27/22.* Price is currently trending up at $1206 as it gets closer to testing the lower trendline of the descending channel from October 2021 at ~$1300 as resistance. Volume is currently Moderate (low), looking to favor buyers for a second consecutive session if it closes today in the green and is on track to shrink for a sixth consecutive session (which indicates that a breakout or breakdown is likely impending). Parabolic SAR flips bearish at $896, this margin is neutral at the moment. RSI is currently trending up at 38 as it attempts to flip 36.91 resistance to support after bouncing off the uptrend line from 01/22/22 at 26; this is bullish. Stochastic remains bullish and is currently testing 80.69 resistance with no sign of peak formation. MACD crossed over bullish in today's session and is currently trending up at -211 as it quickly approaches a test of -197.34 resistance (after breaking below it on 06/14/22). ADX is currently trending down at 51.51 (after forming a soft peak at 53) as Price continues pushing higher, this is mildly bullish at the moment. If Price is able to continue up then it will likely face some resistance at the lower trendline of the descending channel from October 2021 at ~$1300; if it breaks and closes above ~$1300 then it will likely test $1426 resistance, whereas a rejection at ~$1300 may take it down to $775 support. However, if Price breaks down here and falls below $1k, it will likely fall (pretty violently) to test $775 support (and potentially lower). Mental Stop Loss: (two consecutive closes below) $1k.
COINBASE:ETHUSD
by dailytaguy
AVAXUSD Daily TA BullishAVAXUSD Daily bullish. Recommended ratio: 95% AVAX, 5% Cash. *A technical relief rally is underway for cryptos and equities as markets seem to have priced in more rate hikes, I know I focus solely on the Federal Reserve in most of my TA but that's because not only do they fund liquidity for many other central banks but they have been instrumental in setting the tone for the rest of the world for the past decade or more. The Fed was the first central bank to aggressively raise rates in response to global inflationary pressures and in doing so may have earned back a bit of the credibility they lost in being largely responsible for this inflation quagmire. Crypto and equity markets seem to think that the Fed has a plan to navigate us to a soft landing, but it is becoming more and more apparent that a hard landing is likely; when that will be priced in to risk-on markets is the question. Whatever the answer to that question is, we are 'technically' getting close to a short term bottom.* Price is currently following that of other altcoins like Kava and Polygon and trending up out of an eleven day consolidation out of the second largest supply/demand zone on the chart. Volume remains Moderate, fairly balanced between buyers and sellers (indicative of consolidation) and has been shrinking for what is on track to be a fourth consecutive session (indicative of an impending breakout/breakdown). Parabolic SAR flips bearish at $13.80, this margin is neutral at the moment. RSI is currently trending up at 39 after bouncing off of the descending trendline from August 2021 (breaking out of a 10 month descending trend), this is very bullish in the short term. Stochastic remains bullish and is currently trending up at 88 as it aims to resist a bearish crossover on its way to retest max top. MACD remains bullish and is currently trending up at -3.66 as it aims to break out above -4.23 resistance after being rejected the first time on 06/10/22. ADX is currently trending down at 40 as Price is pushing higher, this is mildly bullish at the moment. If Price continues up then it will likely retest the largest supply/demand zone on the chart at $25 before potentially retesting the upper trendline of the descending channel from November 2021 at ~$35. However, if Price breaks down here, it will likely retest the lower trendline of the descending channel from November 2021 at ~$10. Mental Stop Loss: (one close below) $15.
BINANCE:AVAXUSD
by dailytaguy
2
ETHUSD Daily TA Neutral BearishETHUSD Daily neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *IMPORTANT: If ETH breaks down below $775.83 support then it will likely retest the uptrend line from February 2017 at ~$300 for the first time since July 2020. If this happens, it would imply that all of ETH's value after March 2020 came from Covid-19 stimulus + 0% interest rate environment + quantitative easing; rather than from the vast DeFi/NFT network comprised of OpenSea, Yearn.Finance, Metamask, Uniswap, Moonpay, Transak, Chainlink, Polygon, etc. This would obviously be a death blow to the industry and would surely liquidate a majority of leveraged positions.* **Chairman Pow spent a solid four hours fielding rhetorical questions and scathing criticisms from the Senate Banking Committee regarding the Fed's response to inflation today. He handled it very well and stayed in line with his tone and perspective from last week's FOMC meeting. He mentioned that cryptocurrencies currently present no systemic risk to the economy but that they (Fed) are paying close attention to it (most likely DeFi and a CBDC). He also mentioned that the Fed funds rate will likely have to be beyond 2.5% to restore price stability and that markets are responding appropriately to the Fed's 'reaction function' and that the economy can handle even higher rates. He emphasized that a recession is not the Fed's intention and can still be avoided, but that is yet to be determined and will likely find clarity closer to the Fed meeting later this year (09/20-09/21).** Price is currently defending $1k at $1078 as it attempts to continue the relief rally by testing the lower trendline of the descending channel from October 2021 as resistance at ~$1300. Volume remains Moderate and is currently on track to favor sellers for a third consecutive session if it can close today in the red; it is also on track to shrink for a fifth consecutive session which implies that a breakout/breakdown is likely pending. Parabolic SAR flips bearish at $886, this margin is mildly bearish at the moment. RSI is currently trending down at 26 as it tests the uptrend line from 01/22/22 as support after forming a peak at 30. Stochastic remains bullish and is currently trending sideways at 46.76 resistance; if it breaks below 41 it will likely be a bearish crossover. MACD remains bearish and is currently trending up slightly at -244, if it can break above -230 it would be a bullish crossover. ADX is currently trending up slightly at 52 as Price is attempting a correction/reversal, this is neutral at the moment; however, if ADX can form a peak and trend down as Price continues up then it would be bullish. If Price is able to continue up here then it will likely test the lower trendline of the descending channel from October 2021 as resistance at ~$1300. However, if Price breaks down here, it will likely formally test $775.83 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1265.
COINBASE:ETHUSD
by dailytaguy
ETHUSD Weekly TA Neutral BearishETHUSD Weekly neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *(Short-Term) Bottom Watch. Cryptos are seeing a relief rally after a majority of them have now seen 80%+ drawdowns (ETH is down -82% from November 2021 ATH). A more dovish stance from JPow tomorrow may be bullish but with new home purchases going down and inflation continuing to rage on it's going to be hard to call this the bottom.* Price is currently at a critical juncture in that it's testing both the 200 MA and the uptrend line from June 2020 at ~$1200 (in addition to still technically testing the lower trendline of the descending channel from October 2021). Volume is starting off the week a bit slow and is currently Low after being High in last week's session; it is currently on track to favor sellers for twelve consecutive sessions if it manages to close this week in the red. Parabolic SAR flips bullish at $3600, this margin is bullish. RSI is currently flatlining for a second consecutive session at the ATL of 25.88; it's still technically testing the lower trendline of the descending channel from August 2020 as support at 29.80. Stochastic is currently flatlining at max bottom for a fifth consecutive session. MACD is currently trending down slightly as it prints a new ATL at -493.99 with no signs of trough formation. ADX is currently trending up slightly at 30 as Price continues to break down, this is bearish at the moment. If Price is able to bounce here at the 200 MA + uptrend line from June 2020 ($1200) then it will have to reclaim support of the lower trendline of the descending channel from October 2021 ($1230) in order to test $1407 support-turned-resistance. However, if Price continues to fall here, it will likely formally retest the lower trendline of the descending channel from May 2021 at ~$850 before potentially retesting the uptrend line from January 2017 at ~$300 for the first time since March 2020. Mental Stop Loss: (two consecutive closes above) $1230.
COINBASE:ETHUSD
by dailytaguy
8
ETHUSD Daily TA Neutral BearishETH Daily neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *Cryptos are enjoying a technical relief rally that is still ongoing even though Binance didn't buy $2b of Bitcoin this weekend, the bulls are saying bottom but I think it's a bit premature with JPow due to testify before Congress on Wednesday (06/22) and PMI due on Thursday (06/23).* Price is currently defending $1k and beginning to form a U-shaped bottom in attempt to reclaim support of the descending channel from October 2021 at ~$1300; because Price only briefly touched $889 and never formally tested $775 support, it may see a corrective bounce here before heading lower. Additionally, Price hasn't tested the uptrend line from February 2017 (currently at ~$360) since July 2020. Volume is Moderate and on track to favor sellers if it can close today's session in the red (making the spread fairly balanced over the past week, indicative of consolidation). Parabolic SAR flips bullish at $1231. RSI is currently trending sideways at 28 as it attempts to reclaim support of the uptrend line from 01/22/22 at 26.50. Stochastic remains bullish for a second consecutive session and is currently trending up at 30 as it is still technically testing 22.98 resistance. MACD is currently forming a trough and trending up slightly at -252 as it aims to break above -227 to cross over bullish; the next resistance is at -197.34. ADX is currently trending up slightly at 52 and is beginning to form a soft peak as Price is bouncing here; this is neutral at the moment but would be bullish if ADX began to trend down as Price continued up. If Price is able to continue up then it will likely test the lower trendline of the descending channel at ~$1300 as resistance. However, if Price breaks down here, it will likely test $775.83 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1300.
COINBASE:ETHUSD
by dailytaguy
Band ready to hit 1$ soonAs you can see BAND just printed a bearish flag in a 4h time frame chart. Taking in to account the current market situation i think that we can expect a retest of the lower trend line of the flag. That is too a retest of the 55 4h exponential moving average and the retest of a strong broken support. I will open a short position at 1.428$ with stop loss at 1.56$ and targets 1.01$, 0.76$ and 0.57$. I will be glad to see what do you think in the comments and if you agree with me don't forget to give me a like, it helps a lot.
Short
by piccard54
ETHUSD Daily TA BearishETH/USD Daily bearish. Recommended ratio: 5% ETH, 95% Cash. *The House of Cards is continuing to fall in leveraged crypto land with 3AC, Celsius and Babel all either pausing or limiting withdrawals/redemptions; not to mention Microstrategy quickly approaching a margin call on their leverage long BTC position that may have actually been hit when BTC touched $17600. All that said, there is officially blood in the streets, so to all my investors out there, I'd say it's safe to start Dollar Cost Averaging in to some of your favorite shitcoins (with a long term horizon in mind).* Price is currently trending down at $985 after briefly touching $881 as cryptos continue to see selling pressure; $775.83 is the next support that was last tested (as support) in February 2018, if it falls below this level cryptos (as a whole) will likely be wiped out and have to start anew with a whole new paradigm of value. Volume is High and is currently on track to favor sellers in today's session if it can close in the red. Parabolic SAR flips bullish at $1400 which coincides with the lower trendline of the descending channel from October 2021. RSI is currently trending down at 19.41 as it quickly approaches a test of the ATL at 17.42, a break below this level would help confirm that cryptos are essentially due for a wipeout cleansing. Stochastic regressed to a bearish crossover in today's session and is currently trending down at 2.72 as it hovers above max bottom. MACD remains bearish and is currently trending down at -257 with no sign of trough formation as it has officially lost -197.34 support (the next support is at -318.82). ADX is currently trending up at 50 as Price continues to fall, this is bearish. If Price is able to bounce here then it will likely test the lower trendline of the descending channel from October 2021 at ~$1300 as resistance. However, if Price continues to fall it will likely formally test $775.83 support. Mental Stop Loss: (two consecutive closes above) $1300.
COINBASE:ETHUSD
by dailytaguy
5
ETHUSD Daily TA BearishETHUSD Daily bearish. Recommended ratio: 5% ETH, 95% Cash. *With Celsius and 3AC both crashing hard and on the verge of total collapse, the crypto market is continuing to take a barrage of bearish hits during a period of Fed QT and hawkish monetary policy.* Price is currently forming a Bearish Engulfing candle (at $1050) as it quickly approaches sub-$1000 prices; the next support is at $775.83. Volume is Moderate (high) and, if it closes today in the red, will have favored sellers in nine of the ten last sessions. Parabolic SAR flips bullish at $1550, this margin is mildly bullish. RSI was rejected by the uptrend line from 01/22/22 as resistance and is currently trending down at 20; the next support is the ATL at 17.42. Stochastic crossed over bullish at 3 in yesterday's session and is already on the verge of regressing to a bearish crossover at 3 in today's session; the next resistance is at 17.81. MACD remains bearish and is currently trending down at -237 with no signs of trough formation as it is slowly losing -197.34 support; the next support is the ATL at 318.82. ADX is currently trending up at 47 as Price continues to fall, this is bearish. If Price is able to bounce here it will have another opportunity to test the lower trendline of the descending channel from October 2021 at $1350 as resistance. However, if Price continues to break down here it will likely test $775.83 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1350.
COINBASE:ETHUSD
by dailytaguy
ETH/USD Daily TA Cautiously BearishETH/USD Daily cautiously bearish. Recommended ratio: 10% ETH, 90% Cash. *FOMC WATCH tomorrow at 2pm. For those thinking that Celsius Network is what caused this recent crypto downturn, the same can be said for Terra, and both look like prime scapegoats but the fact is that they merely added fuel to an already blazing fire. $9.3 trillion has now left the stock market since the Fed announced QT in January, add supply chain woes prompted by Covid-19 and later exacerbated by Russia/Ukraine (as well as still ongoing lockdowns), and we are beginning to paint a clearer picture as to why speculative capital is fleeing equities and crypto.* Price is currently trending down at $1200 but is still technically testing the lower trendline of the descending channel from October 2021 (~$1400) as support. Volume is High and is currently on track to favor buyers (after seven consecutive sessions of seller dominance) if it can close today in the green - buyers are showing up at this current level. Parabolic SAR flips bullish at $1750, this margin is mildly bullish. RSI is currently bouncing at 21 and is still technically testing the uptrend line from 01/22/22 (26.50) as support - it would need to climb back above 26.50 quickly to retain support. Stochastic remains bearish and is currently on the verge of crossing over bullish at max bottom. MACD remains bearish and is currently testing -197.34 support with no signs of trough formation; the next support is at -318.82. ADX is currently trending up at 43 as Price continues to fall, this is bearish. If Price is able to bounce here then it will likely test the lower trendline of the descending channel from October 2021 at ~$1400 as resistance before potentially reclaiming legitimate channel support. However, if Price continues to break down here, it will likely test $775.83 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1400.
COINBASE:ETHUSD
by dailytaguy
$SAND/USDT 2h (#BinanceFutures) Ascending triangle on supportThe Sandbox is pulling back to descending TL / 200MA which is about to golden cross with 50MA! Current Price= 1.3503 Buy Entry = 1.3472 - 1.2470 Take Profit= 1.6099 | 1.8454 | 2.1595 Stop Loss= 1.0354 Risk/Reward= 1:1.2 | 1:2.1 | 1:3.3 Expected Profit= +24.12% | +42.27% | +66.49% Possible Loss= -20.18% Fib. Retracement= 0.559 | 0.702 | 0.883 Margin Leverage= 1x Estimated Gain-time= 10 days Tags: #SAND #SANDUSDT #NFT #Metaverse #P2E #Gaming #Creation #Launchpad #DeFi #SolEco Website: www.sandbox.game Contracts: #ERC20 0x3845badAde8e6dFF049820680d1F14bD3903a5d0 #SPL 49c7WuCZkQgc3M4qH8WuEUNXfgwupZf1xqWkDQ7gjRGt
Long
by TradingOn
9
$CTSI/USDT 12h(#BinanceFutures)Falling broadening wedge breakoutCartesi regained 50MA support and seems ready for bullish continuation, after a last pull-back if we are lucky enough! Current Price= 0.2394 Buy Entry= 0.2173 - 0.1965 Take Profit= 0.2626 | 0.3118 | 0.3520 Stop Loss= 0.1622 Risk/Reward= 1:1.25 | 1:2.35 | 1:3.25 Expected Profit= +26.92% | +50.70% | +70.14% Possible Loss= -21.61% Fib. Retracement= 0.5 | 0.618 | 0.702 Margin Leverage= 1x Estimated Gain-time= 1.5 months Tags: #CTSI #CTSIUSDT #PoS #Staking #L2 #Scaling #SC #Rollup #DApp #DeFi #BSC Website: cartesi.io Contracts: #ERC20 0x491604c0fdf08347dd1fa4ee062a822a5dd06b5d #BEP20 0x8da443f84fea710266c8eb6bc34b71702d033ef2 #AVAXC 0x6b289cceaa8639e3831095d75a3e43520fabf552 #Polygon 0x2727Ab1c2D22170ABc9b595177B2D5C6E1Ab7B7B #Arbitrum 0x319f865b287fCC10b30d8cE6144e8b6D1b476999
Long
by TradingOn