Hey folks! Adding to the bullish case for ETHUSD, we have spotted a clear Inverse Head and Shoulders (IHS) pattern on the weekly timeframe—a classic reversal signal with strong upside potential. 1MO Macro TA: https://www.tradingview.com/chart/ETHUSD/GoOQ5pnP-ETH-to-6-45k-USD-2024-s-Crescendo/ Key Levels to Watch: Neckline Break: Price has already tested and is flirting with breakout confirmation. Targets: If this plays out, the measured move aligns with the 6.4k–8k target zone highlighted previously. Momentum is building across multiple timeframes. The long-term bullish structures (Cup & Handle, Bull Pennant) remain intact, and this new IHS setup strengthens the conviction for a breakout into price discovery. 2WK ETHBTC: https://www.tradingview.com/chart/ETHBTC/L2blw4pt-ETHBTC-Bottom-is-in/ Stay sharp, watch volume, and manage risk. NFA DYOR. VAMOS Credit to @sumairk for initially bringing this to my attention.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
After good up move I have been following the price with 50dema and it's going smoothly although price seems to be sideways or volatile for last week On the 1d chart there is pole and flag pattern forming the price showing support taken on the lower end of the flag so it's like to bounce back to 2.600 But we may face little resistance near the dema at 2.300 If you're already into xrp entry at the right place will be important If you already into xrp is better to hang and hold
We in a critical zone here. Let´s see if price respect it
today we have bearish price action on US100 and we expext price to continue trading lower from the FBG to PDL we will need MSS for confirmation no MSS. no trade
Hearing rumors a few days ago that it might drop back to 32k, I decided to short Bitcoin, while setting a stop loss well above the last "one step up" if you will. The idea behind a "significant" step up can just as well be a tactic to obscure the downtrend. On my Day chart I see a classic Head and Shoulders formation that so far does seem to hold, and I set a "take profit" well above the rumored 32k but low enough to not have to watch it by the minute. This is just my opinion on the immediate direction of BTC amid rumblings of a possible return to a gold standard (not only by Trump who comes into real authority to do so as of January 2025, but also by BRICS nations, and the various reports of gold bar buying around the world in the past few years). As always, do your own due diligence.
Technical Analysis for SPY SPY has been trading in a consolidating downtrend, with potential support at $577 and resistance near $600. Current price action suggests a possible attempt to retest resistance or break below key support levels. Indicators: MACD shows signs of a slight bullish reversal, but momentum remains cautious. The 9 EMA is attempting to cross above the 21 EMA, indicating early bullish momentum. Key Levels to Watch Support: $580 (critical pivot), $577 (strong floor). Resistance: $590 (near-term), $600 (psychological and gamma resistance level). GEX Analysis for Options https://www.tradingview.com/x/CYZOBfND/ Gamma Levels: Call Wall: $600 acts as a major resistance, with significant positive gamma exposure (48.19%). Put Wall: $580 shows strong negative gamma pressure, indicating key support. Options Oscillator Insights: IVR: 16.7, reflecting moderate volatility. Put/Call Ratio: Slight bearish tilt, with 55.8% Puts. GEX: -57.75% at $588, highlighting increased downside pressure near this level. Trading Scenarios Bullish Scenario Entry: Above $591. Target 1: $600, Target 2: $607. Stop-Loss: Below $588. Bearish Scenario Entry: Below $580. Target 1: $577, Target 2: $572. Stop-Loss: Above $585. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.
The cryptocurrency market is a dynamic and ever-evolving space, with Bitcoin and Ether leading the charge. While Bitcoin has long held the crown as the dominant cryptocurrency, Ether, the native cryptocurrency of the Ethereum network, is increasingly being seen as a strong contender for future growth and potential market dominance. Several factors suggest that 2025 could be the year that Ether truly comes into its own, potentially outperforming Bitcoin in terms of price appreciation and adoption. Ethereum's Technological Advancements Ethereum's shift to a proof-of-stake (PoS) consensus mechanism with the Merge in 2022 was a landmark event. This transition significantly reduced Ethereum's energy consumption and laid the groundwork for future scalability improvements. The upcoming "Surge," "Verge," "Purge," and "Splurge" upgrades aim to enhance Ethereum's transaction processing capabilities further, making it more efficient and cost-effective for users. These technological advancements are crucial for Ethereum's long-term growth and its ability to handle increasing transaction volumes. The Rise of Decentralized Finance (DeFi) and NFTs Ethereum's blockchain serves as the foundation for a vast ecosystem of decentralized applications (dApps), including DeFi protocols and non-fungible tokens (NFTs). The DeFi sector has witnessed explosive growth in recent years, with Ethereum leading the way in terms of total value locked (TVL). NFTs have also gained immense popularity, with Ethereum being the primary platform for their creation and trading. The continued growth of these sectors is expected to drive demand for Ether, as it is the primary currency used within the Ethereum ecosystem. Institutional Adoption and Regulatory Clarity Institutional investors are increasingly showing interest in the cryptocurrency market, and Ethereum is attracting a significant portion of this attention. The approval of spot Ether ETFs in mid-2024 has further legitimized Ether as an investment asset, making it more accessible to both institutional and retail investors. As regulatory clarity surrounding cryptocurrencies improves, institutional adoption is expected to accelerate, further driving demand for Ether. Bitcoin's Limitations and Challenges While Bitcoin remains the most well-known cryptocurrency, it faces certain limitations that could hinder its growth potential. Bitcoin's primary use case is as a store of value and a digital currency, while Ethereum offers a much broader range of functionalities through its smart contract capabilities. Additionally, Bitcoin's energy-intensive proof-of-work (PoW) consensus mechanism has raised environmental concerns, which could become a more significant issue as regulatory scrutiny on cryptocurrencies intensifies. Ether's Potential for Outperformance Several analysts and industry experts believe that Ether has the potential to outperform Bitcoin in 2025. The combination of Ethereum's technological advancements, the growth of DeFi and NFTs, increasing institutional adoption, and the limitations of Bitcoin's technology could create a perfect storm for Ether's price appreciation. While Bitcoin is expected to continue its growth trajectory, Ether's unique value proposition and its central role in the expanding Web3 ecosystem could give it a significant edge. Conclusion The cryptocurrency market is known for its volatility, and predicting future price movements with certainty is impossible. However, based on the current trends and developments, Ether appears to be well-positioned for significant growth in 2025. The Ethereum network's ongoing technological advancements, its thriving ecosystem of dApps, and the increasing interest from institutional investors all point towards a bright future for Ether. While Bitcoin will likely remain a dominant force in the cryptocurrency market, Ether's potential for outperformance in 2025 cannot be ignored. Disclaimer: This article is for informational purposes only and should not be considered investment advice. The cryptocurrency market is highly volatile, and investors should conduct their research and consult with a financial advisor before making any investment decisions.
The selling on BINANCE:FTMUSDT is overdone on the 8H Chart Last time the RSI was this low, was on the AUG 5th 24 crash lows! The market is turning higher for ALTS, I can see FTM catching up and not going much lower from here, considering we're in the high volume node accumulation zone. Coiled spring, ready for a bounce out of the accumulation zone.
Technical Analysis for NVDA * NVDA is trading near the descending wedge pattern, showing potential for a breakout or retest. The key range for the day is $137 to $141. * Indicators: * The MACD is slightly bullish, signaling possible momentum. * The 9 EMA and 21 EMA are converging, indicating a potential breakout or breakdown in volatility. Key Levels to Watch * Support: $132 (critical demand zone), $126.35 (strong floor). * Resistance: $141 (gamma wall and psychological level), $150 (next major gamma resistance). GEX Analysis for Options https://www.tradingview.com/x/vCbCJws0/ * Gamma Levels: * Call Walls: $141 and $150 serve as key resistance. * Put Walls: $132 and $130 act as strong support zones. * Options Oscillator Insights: * IVR: 20.7, showing relatively low implied volatility. * Call/Put Ratio: Neutral to slightly bullish, with 20.1% Calls. * GEX: -10.18% at $132, indicating significant put-side support. Trading Scenarios 1. Bullish Scenario * Entry: Above $140. * Target 1: $145, Target 2: $150. * Stop-Loss: Below $138. 2. Bearish Scenario * Entry: Below $132. * Target 1: $130, Target 2: $126. * Stop-Loss: Above $135. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.