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Ethereum prices have been trading sideways for 11 days since August 9, and when an asset struggles to move higher, it often tests support levels. On a breach to $2510, $ETH could potentially fall to $2,412, and if this support level does not hold, the price could drop another $100 to reach $2,312. However, if $ETH stays above $2,510, the short-term uptrend remains intact. In this scenario, the price could potentially reach $2,674, followed by a move towards $2,751. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information$ETH #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #BinanceBlockchainWeek
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I see on the 1HR chart that Bitcoin is getting strong support on convergence / intersection of the 20 / 50 / 200 EMA's. There is still a valid Head N Shoulders pattern above current price by just over 1% to chase to the neck line. It is a bit of a tired pattern from yesterday & currently 49 bars across from the right shoulder.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves $BTC
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_$NOT Today's Technician Analysis and 24-Hour Prediction_ Here's a technical analysis of $NOT for today and a 24-hour prediction: _Timeframe:_ 1H (Hourly) _Trend:_ The current trend is bullish, with a potential continuation. _Indicators:_ - _RSI (14):_ 74.21 (strong buying pressure) - _MACD (12, 26):_ 0.0004 (bullish) - _BB (20, 2):_ $0.00000183 (lower band), $0.00000203 (upper band) _24-Hour Prediction:_ - _High:_ $0.00000208 - _Low:_ $0.00000193 - _Close:_ $0.00000203 _Potential Scenarios:_ - _Bullish:_ Breakout above $0.00000208, targeting $0.00000250. - _Bearish:_ Breakdown below $0.00000183, targeting $0.00000173. .#MarketDownturn #BinanceTurns7 #BinanceHODLerBANANA
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O Description. Aug 13 Name your altcoin in the comment section, and I will do a technical analysis for you! The crypto market looks devastating on the charts! This is probably the biggest bull trap in human existence, as everyone is heavily invested in Bitcoin ETFs and altcoins. Investors have no idea, and they do not want to accept the fact that this could be a massive trap on their money. Answer the following questions; if your answer is NO to all, then congratulations! 1. Do you like high inflation and money printing by central banks? No 2. Do you like FED, WEF (Klaus Schwab), WHO, Pfizer vaccination company and how they command you? No 3. Do you hate anonymous cash (paper money)? No 4. Do you want one world CBDC digital currency that will 24/7 monitor your spendings and can freeze your only 1 allowed wallet? No 5. Do you want this CBDC called Bitcoin? Do you like Bitcoin? NoOn the first Bitcoin chart, we can see an ascending parallel channel. It definitely does make sense to test the bottom of the channel. We hit a new all time high this year in March, but Bitcoin failed to continue to the upside. Instead, forming a fake bullish flag that already recently broke down. Big Impulse wave 12345 has finished. On the second Ethereum chart, we have an even more problematic coin - $ETH . This coin didn't hit an all time high at all, and instead the price is struggling in the middle of the previous bear market. It looks like this whole uptrend from 2022 is just a corrective ABC structure, that's why there is a big possibility of a huge crash below 500 USD. Also, we can test the bottom of the channel. On the third chart, there was almost no bull market in 2022, 2023 and 2024. Instead, this coin is consolidating and preparing for a huge breakdown! Below the blue trendline, there is a lot of liquidity to be taken by whales and a lot of money to be made. What's more, there is an unfilled FVGAP. This does not look good, or does it? On the fourth $SHIB A chart, we can see a major descending triangle. I don't want to know what happens if this triangle breaks.
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_$NOT Today's Technical Analysis and Predictions, Support, and Resistance_ Here's a technical analysis of $NOT for today: _Timeframe:_ 1D (Daily) _Trend:_ The current trend is bullish, with a potential continuation. _Indicators:_ - _RSI (14):_ 68.51 (strong buying pressure) - _MACD (12, 26):_ 0.0003 (bullish) - _BB (20, 2):_ $0.00000173 (lower band), $0.00000193 (upper band) _Support Levels:_ - _Strong Support:_ $0.00000173 (previous low) - _Moderate Support:_ $0.00000178 (50-period MA) - _Weak Support:_ $0.00000183 (100-period MA) _Resistance Levels:_ - _Strong Resistance:_ $0.00000193 (previous high) - _Moderate Resistance:_ $0.00000203 (200-period MA) - _Weak Resistance:_ $0.00000208 (50-period MA) _Predictions:_ - _Short-term:_ Bullish, with a potential breakout to $0.00000208. - _Mid-term:_ Bullish, with a potential rally to $0.00000250. - _Long-term:_ Bullish, with a potential rally to $0.00000500... #MarketDownturn #SahmRule #BinanceTurns7
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