The simplest and easiest way to trade is trend trading. The abbreviation "bos", can be used as a sign of a structural change. "conf" can be used as a confirmation of structural movement.
The ETH price has gathered all liquidity below the $3,850 level and is now preparing to move back.
The main area of interest now will be the imbalance above the $3,900 level, which the price will try to reach. Next on the price's path will be resistance at $3,950. In order to break through it, an impulsive upward movement is needed, which may appear on the background of the news about the decision on the key rate of the US Fed. 📈
Bitcoin has started a powerful exit from the triangle pattern. ☑️
However, it started this movement a little earlier than I predicted, but the essence remains the same now the price of BTC went to the liquidity zone according to my plan and even managed to break through the level of $105,000.
We are watching the further development of events. 👀
$OMNI has broken out of a long-term accumulation range, and if $11 holds as support, the price could rally towards $18-$21 in the short term, and possibly $30+ in the longer term. Watch for retests and volume confirmation to avoid false breakouts.
In the chart, the upper bound of the realized price is now at $5.2k - that's about as high as the market peak in 2021. The current ETH price is $3.8k and the average realized price is $2.3k.
If the supply and demand dynamics continue to strengthen, ETH has a good chance of breaking through the $5k level.
Bitcoin's 10-year return was 26931.1%, outperforming assets such as the S&P500 index (193.3%), gold (125.8%), 5-year Treasuries (157.1%) and 10-year Treasuries (86.8%) - CoinGecko research. 🪙
#DUSKUSDT The price has broken the downtrend line well and with strong momentum and then pulled back to that trendline. We expect this pullback to be a sign of a continuation of the upward trend and, in the first step, it can touch the ceiling of this price of 0.33830 and then touch higher targets. #DUSK/USDT #MarketMajorComeback #BinanceMEOpening #CPI4MonthsHigh
ETH is stuck around $4,000 and can't break through it. 🪙
Perhaps the price needs fuel in the form of liquidity for a true breakout. Just below at $3,890 there is liquidation of over $1 billion in open long positions.
If not now, ETH will definitely fly higher from this zone. 📈