ETHUSDTPERP
Where is the main support for #ETH?📊Where is the main support for #ETH?❓
🧠To be honest, I am really disappointed with ETH. Compared with BTC, the trend is too weak. However, from a structural perspective, such a decline is very reasonable, because the short structure at the 4-hour level has been established. From this structural perspective, the heaviest support area is 2900-29540. If we reach this area, we can consider spot trading.
➡️Originally the short target we got in the blue resistance zone was 2958, but it was closed with the new target after making a new short transaction, so We also missed the profit in today's downward swing, and also received a stop-loss long order, but overall the profit was quite generous.
⚠️ So in the futures trading market, the importance of risk management is reflected. Don’t let yourself become nothing. ❌
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BITGET:ETHUSDT.P
#ETH faces multiple resistances, will it still rise?📊#ETH faces multiple resistances, will it still rise?❓
🧠 From a structural perspective, we are currently moving within a resistance zone and blocked by the descending trendline, so the probability of a decline is higher than the probability of a continuation of the rise.
➡️If we can break through the resistance area and the downward trend line, it means that we may go to the ideal target area (3351-3393)
Let’s see 👀
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BITGET:ETHUSDT.P
#ETH rebounded as expected, where is the target?📊#ETH rebounded as expected, where is the target?❓
🧠 From a structural perspective, there is only a bullish expectation after the short target is fully realized, so a rebound in the buy zone is very reasonable. At present, the price has reached a staged resistance zone, and there is a risk of falling back. Since our entry point was not very good and we did not want to bear the possibility of a profit retracement, we closed our long orders.
➡️If there is a good correction, then we will consider buying again, because the expected target of this rebound (3360) has not yet been achieved, so it is still worth looking forward to🙏
Let’s see 👀
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BITGET:ETHUSDT.P
#ETH reaches the buying zone. Starting to rebound?📊#ETH reaches the buying zone. Starting to rebound❓
🧠 From a structural point of view, the goals of the double top short structure have been achieved. The price is currently in the buying zone and support zone, so we need to be alert to the occurrence of a rebound.⚠️
At the same time, we have also closed all the short orders in our hands. Congratulations to the friends who followed Wolf King to print money and obtained a return of 700%+. 🍻💰
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BITGET:ETHUSDT.P
#ETH is blocked by the downward trend line📊#ETH is blocked by the downward trend line📉
🧠 From a structural perspective, the double top short structure is intact and there is still an expectation of a pullback. It is easy to see from the chart that we are currently blocked by the downward trend line and the price is in the resistance zone, so a decline is very likely.
➡️If you want to do long trading, you need to wait for the price to break through this resistance zone before considering it, or wait for the price to reach the buying zone below before considering it.
Let’s see 👀
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BITGET:ETHUSDT.P
#ETH may continue to fall according to the double top structure📊#ETH may continue to fall according to the double top structure📉
🧠 From a structural perspective, we have constructed a larger level double top short structure within the resistance zone with the ideal target zone of 3191-3279. Therefore, we will continue to look forward to the realization of this target area after locking in the main profits.
🔥Congratulations to all the friends who followed Wolf King to print money, they have made 300%+ profit so far. 🍻💰
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BITGET:ETHUSDT.P
#ETH Bearish Head and Shoulders📊#ETH Bearish Head and Shoulders📉
🧠 From a structural perspective, we have constructed a very standard bearish head and shoulders structure in the selling zone, so we should not be too optimistic and should be alert to the occurrence of corrections.
Let’s see 👀
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BINANCE:ETHUSDT.P
#ETH is in a contradictory range📊#ETH is in a contradictory range⚠️
🧠We are currently in a conflict zone. There are reasons to support both rises and falls, so we can only be conservative. If we have good profits, we need to reduce our holdings to reduce risks, and then look forward to more.
➡️Judging from the current development, if we choose to continue sideways consolidation to digest the selling pressure here, a bullish cup-and-handle structure may eventually form, and the next resistance area worthy of our attention is near 3700
➡️If we just complete the target of 3481-3513 of the small long structure and then choose to fall back, then a very classic bearish head and shoulders structure may form in the selling area, which means that we will enter a deep callback stage.
⚠️But no matter how the market develops, we can't guess it, and we don't need to guess it. We just need to try it in specific areas. Congratulations to the friends who followed Wolf King to print money. 💰🍻
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BINANCE:ETHUSDT.P
#ETH reaches the target area 📊#ETH reaches the target area ✔️
🧠 From a structural point of view, we started the rebound with the double bottom structure as the supporting force. We have successfully reached the ideal target area of this structure. Therefore, it is not recommended to chase the rise in the selling area. The action that should be done in the selling area is to sell.
➡️So we have closed the long orders we held. Congratulations to our friends who followed Wolf King to print money and obtained a profit of 1300%+. 💰🚀🌕🍻
🔥The next important resistance area worthy of our attention is 3524-3580
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BINANCE:ETHUSDT.P
Ethereum finds strength at key support levelThe ETH/USDT pair is currently in a strong downtrend with bearish indicators and patterns. The key levels to watch are the support around $2,850 and resistance around $3,100 to $3,200 . If the price breaks below the support level with high volume, it could indicate further downside. Conversely, a bounce from the support level could lead to a short-term rally towards the resistance zone.
#ETH is in the resistance zone, don’t chase the rise📊#ETH is in the resistance zone, don’t chase the rise⚠️
🧠From a structural point of view, we have successfully constructed a double bottom bullish structure, so it is very reasonable to maintain the bullish view. The ideal target area for this structure is 3360-3533.
➡️Although we are bullish, we are currently in the resistance zone. The action to be taken in the resistance zone is to reduce or close positions, so do not chase the rise in the resistance zone. If it continues to break through the resistance zone, then the next resistance zone worthy of our attention is near the neckline resistance zone.
Let's see👀
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BINANCE:ETHUSDT.P
#ETH may be pumped according to the double bottom structure📊#ETH may be pumped according to the double bottom structure🚀
🧠From a structural perspective, we have constructed a double bottom bullish structure near the buy zone on the 1-hour level, so the probability that we will continue to rise based on this structure as support momentum is greater than the probability of falling, but when we break through the inflection point The price is in the resistance zone, so we cannot chase the increase in the resistance zone. Instead, it is reasonable to try to place some short orders.
➡️Fortunately, everything developed as expected, and we triggered the entry point for long orders shortly after closing the short order. There has been a good rebound, and we look forward to the further continuation of bullish power.🚀
Let's see👀
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BINANCE:ETHUSDT.P
ETH Buyback ZonePurpose:
1. To aid you in determining a TP target for short positions.
2. Avoid loss by entering a long position prematurely.
3. To point out a possible buyback Zone
Description:
Ethereum formed an M pattern.
This pattern satisfies the initial requirements of a Bullish Bat Formation, which are as follows:
1. Mandatory 50% B-point retracement of the XA leg.
2. The C-point should be in the 50 – 61.8% range.
Target:
1. The minimum target of a bat formation is the 1.272 extension of the BC leg. The 1.272 extension is at 2,276 USDT.
The Price Reversal Zone is typically between the 1.618 extension of the BC leg and the 0.887 retracement of the XA leg. This range of 1786-1825 gives us a tight PRZ, which provides us with clear invalidation and a low-risk entry.
God willing, I will update this idea as the PA unfolds in the coming days and weeks.
Best Wishes
#ETH/USDT in Trouble! $3089 SHOULD HOLD, Else...ETH is currently trading at the liquidity level I mentioned in my updates a few weeks ago. The price has hit the yellow box and is supported by the lower trendline, which has been acting as support since October 2023. This is a crucial level to hold.
The lower support of $3,089 is marked by the 200 SMA. Oscillators are excellent tools for indicating changes in momentum and market psychology.
If the price breaks and closes below the $3,089 level, it could plummet to the $2,600 area. Conversely, a bounce could send ETH back to the $3,500 area, leading to a relief rally for other altcoins as well. Although less likely, this scenario is still possible.
All the 30+ altcoin charts that I've posted in the last 2 weeks are slowly moving to the accumulation area.
Will be posting more daily so follow me if you haven't yet!
What do you think? Let me know in the comments section, and don't forget to hit the like button.
Thank you,
#PEACE
#ETH is approaching the periodic resistance zone📊#ETH is approaching the periodic resistance zone🔥
🧠We had a good rebound as expected after the price reached the support zone and is currently stopping near the neckline resistance zone. If the breakout is successful, then we have a chance to go to the resistance zone marked on the chart.
➡️From a structural perspective, we have not yet built a long structure above the hourly level, so if there is a good callback, it will be regarded as a good opportunity to participate. 🔥
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:ETHUSDT.P
Ethereum(ETH) Analysis===>>15 minute time frameEthereum(ETH) has succeeded in breaking the lower line of the Symmetrical Triangle .
According to the theory of Elliott waves , Ethereum(ETH) seems to be completing corrective wave s.
I expect Ethereum(ETH) to fall at least to the Potential Reversal Zone(PRZ) .
Note: An important point you should always remember is capital management and lack of greed.
Ethereum Analyze (ETHUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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Ethereum ETH price ready to move. ETH ETF soon ?In 2 months, the #ETHUSDT price rose from $3000 to $4000 and firmly established itself above $3400. Clearly according to the blue scenario 💙
+ the news background around the #ETH ETF is actively recovering that large funds are ready to buy, just "agree" and launch)
So let's try to assume that the next wave of #Ethereum price growth will be at least up to $5400
_____________________
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#ETH head and shoulders structure is not established📊#ETH head and shoulders structure is not established❌
🧠Although we broke through the downward trend line, we still chose to fall in the end. The expectation of the bullish head and shoulders structure also failed, so the long orders we made based on this expectation were triggered to stop loss. Although it has fallen below the low again, we are currently in the buying zone. I will not chase shorts in this zone. Even if I want to go short, I have to wait for a rebound to occur before considering it.
➡️If we continue to fall, then we can just wait in the support area below. ☕️
Let’s see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:ETHUSDT.P
Based on ETH/USD chart, here's a potential approach Based on your ETH/USD chart, here's a potential approach for deciding when to execute trades:
1. Support and Resistance Levels:
- Resistance: Around 3,491 - 3,446.
- Support: Around 3,385 - 3,202.
2. Chart Patterns:
- The price is currently in a descending channel, indicating a bearish trend.
- Look for potential breakouts above or below the channel to signal a possible change in trend.
### Trading Strategies:
1. Short Position:
- If the price continues to respect the descending channel and breaks below the current support level around 3,385, consider entering a short position.
- Set a stop loss above the recent resistance level around 3,446 to manage risk.
- Potential take profit levels could be at the next major support around 3,202.
2. Long Position:
- If the price breaks above the descending channel and the resistance level around 3,491 with significant volume, it might indicate a bullish reversal.
- Enter a long position on the breakout.
- Set a stop loss below the breakout point to manage risk.
- Potential take profit levels could be around 3,600 and 3,700, where previous resistance levels lie.
### Additional Considerations:
- Volume: Pay attention to trading volume. Higher volume during a breakout can indicate a stronger and more reliable move.
- Candlestick Patterns: Look for reversal or continuation patterns around key support and resistance levels.
- Market Sentiment: Keep an eye on overall market sentiment and news that could impact Ethereum prices.
### Execution Plan:
1. Monitor the Price Action: Keep a close watch on the price action around the key levels mentioned.
2. Set Alerts: Set alerts for when the price approaches key support and resistance levels or when there’s a potential breakout from the descending channel.
3. Confirm the Breakout: Wait for a confirmed breakout with volume before entering the trade to avoid false breakouts.
Remember, always manage your risk and have a clear plan for entry, stop loss, and take profit levels before executing any trade.
#ETH correction phase may be over📊#ETH correction phase may be over✔️
🧠From a structural perspective, we have successfully broken out of the downtrend line. If a bullish head and shoulders structure can be constructed near the buying zone, then there is a high probability that we will use this bullish structure as support to start rising, and we will have the opportunity to challenge the previous high. 📈
➡️In addition, breaking through the downward trend line is a positive signal for us, but the appearance of such a signal does not allow you to directly chase the rise. It is unreasonable for you to chase the rise without fully understanding my point of view.
🔥Although there are positive signals, we made a short trade in the resistance zone and have now locked in the main profit. Congratulations to the friends who followed Wolf King to print money. 💰🍻
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BINANCE:ETHUSDT.P
#ETH Where will the correction phase end? 📊#ETH Where will the correction phase end? ❓
🧠From a structural perspective, we have reached the target area of the double top bearish structure (3259-3429), so it is possible that we may end the correction from this area. If we can successfully break through turning point 1 or successfully break through the downward trend line, then this probability will be improved.
➡️From the perspective of wave theory, we are completing the correction wave C. The ideal interval for wave C to stop is 3051-3194🎯
Let's see 👀
⚠️Don’t forget risk management⚠️
✔️Trade Security✔️
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BINANCE:ETHUSDT.P