AlexGoldHunter BINANCE:ETHUSDT Technical Analysis and Strategy for Ethereum (ETH) Against Tether (USDT) on a 1-Hour Timeframe Chart Analysis Current Price: $3,631.62 Key Price Levels: Resistance Levels: 0.786 Fibonacci: $3,654.68 0.705 Fibonacci: $3,644.13 0.618 Fibonacci: $3,633.23 Support Levels: 0.5 Fibonacci: $3,618.16 0.382 Fibonacci: $3,603.09 Volume Profile: High trading activity around the $3,600 level indicating strong support/resistance. Technical Indicators: Bollinger Bands: The price is near the middle Bollinger Band, suggesting potential consolidation. Moving Averages: 50-period MA (blue line) 200-period MA (purple line) RSI (Relative Strength Index): Around 60.54, indicating a neutral to slightly overbought condition. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, indicating bullish momentum. Stochastic Oscillator: Indicates a neutral state. Annotations: BOS (Break of Structure): Significant price levels where the market structure has changed. CHoCH (Change of Character): Potential reversal points. Buy Strategy Entry Point: Consider buying if the price breaks above the 0.618 Fibonacci level ($3,633.23) with strong volume. Confirmation: Look for the RSI to be above 60 and the MACD line to be above the signal line. Stop Loss: Place a stop loss below the 0.5 Fibonacci level ($3,618.16). Take Profit: Set a take profit target near the 0.786 Fibonacci level ($3,654.68). Sell Strategy Entry Point: Consider selling if the price breaks below the 0.5 Fibonacci level ($3,618.16) with strong volume. Confirmation: Look for the RSI to be below 40 and the MACD line to be below the signal line. Stop Loss: Place a stop loss above the 0.618 Fibonacci level ($3,633.23). Take Profit: Set a take profit target near the 0.382 Fibonacci level ($3,603.09). Summary of Signals Buy Signal: Entry: Above $3,633.23 (0.618 Fibonacci) Take Profit (TP): $3,654.68 (0.786 Fibonacci) Stop Loss (SL): Below $3,618.16 (0.5 Fibonacci) Sell Signal: Entry: Below $3,618.16 (0.5 Fibonacci) Take Profit (TP): $3,603.09 (0.382 Fibonacci) Stop Loss (SL): Above $3,633.23 (0.618 Fibonacci) This analysis provides a comprehensive view of the current market conditions and potential trading strategies based on technical indicators and price action. If you have any further questions or need additional analysis, feel free to ask! ?
This stock previously broken the trendline strongly, but didn't gives a retest to this trendline. https://www.tradingview.com/x/R0PaxQ1L/ price taken the support of resistance and price moved to topside significantly. https://www.tradingview.com/x/NNMwI2W1/ Now this is the 1st area we have to look for buy in this stock for continuation. Buy area is located at 3000-3250 area we have support. Now the area at previous resistance acts as support becomes liquidity on bottom side. On the topside price broken the downside trendline, on retest of the trendline we will look for short opportunities up to the resistance acts as support and trendline + Demand areas as target points for us.
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Here is my wave count for the rest of this monster 3rd wave. We should see a short correction before pushing to ATH (unknown price due to 2017 market mania, Korea topped around $3.84). After resistance, I see a push towards $5 before a 4th correctional wave and then the final blow off top (not pictured). Blow off top for XRP marketcap should be above $9 for a full fib extension. After that... probably resistance before we can determine if we pull off another full fib to $33.
this past few days #xrp has really shown its dominance in the market, grew from $1.4 up to 2.8,#xrp still not done. as long as price maintain it's current structure we should see #xrp hit $3.
Just hold it till we sweep the cycle top. I am bullish going to hold till end of cycle
Not much to write Down channel and structure Enough correction it looks.
Not much to write. Broke trend line. Structure is down currently.
Also a very nice clean structure. Apparently we are currently in a consolidation phase, which is very good so that the indicators can cool down again. It has also performed extremely well. I also see a nice entry opportunity here. With SL below the PP. The lowest scenario would mean a setback to the Psy-Low, 200EMA or M0 level. Which would not be a bad thing in view of the sharp rise.
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