Ethereum approached the weekly trendline and experienced a correction. It seems likely that we may see one more push upward to create a false bullish sentiment on this coin. There is even a possibility of a fake breakout above the descending trendline. However, before any major move, a significant correction toward the green zone appears likely | after which the main bullish move is expected to occur.
On higher timeframes, this is currently our outlook on Ethereum.
A daily candle closing above or below the invalidation levels would negate the current buy or sell bias.
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BehDark (EN)
By consuming the identified support and without touching the invalidation level, the first target was hit and the price pumped over 28%
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BehDark (EN)
Eventually, it moved from the green zone to the red zone and recorded a gain of over 84%.
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BehDark (EN)
It dropped from the highlighted zone, which triggered a recovery in altcoins on the lower timeframes. Note that we examined this index on a lower timeframe, and a drop of over 1.72% is not a small move for this index at that level.
Now, as it reaches the green zone, we expect some candlestick reactions.
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Forwarded from BehDark (VIP)
After the downward trendline break and the formation of the main CH (Change of Character), we can look for buy/long positions around the key support zones.
A healthy time correction has also formed on the chart, and with price approaching the demand zone, we expect a strong reaction.
The support zone and target levels (TPs) are marked on the chart.
A daily candle close below the invalidation level will invalidate this analysis.
Entry range: 0.0580 _ 0.0528
Targets: 0.0793 _ 0.1004
Stop: 0.0452
Balance: 6% of capital
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BehDark (EN)
It was supported at the green zone as per previous analyses and reached the red zone, gaining more than 3%.
If the price consolidates at the red zone, the next target will be 120K to 123K.
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BehDark (EN)
There was a fake breakout from the Key Level, a move executed by the market maker to collect liquidity.
So far, from the identified supply zone, the candles have dropped more than 4.8%, which has led to a recovery in altcoins.
We will continue to update this analysis
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BehDark (EN)
Important zones have been lost; it is expected that when the price returns to the identified supply area, it will be rejected downward again.
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BehDark (VIP)
π’ Buy/Long Signal #SOLUSDT Entry range: 165.70 Targets: 175.82 _ 186.22 _ 195.94 Stop: 154.67 Levrage: 2X Balance: 6% of capital By #Jacob
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BehDark (VIP)
π’ Buy/Long Signal #LINKUSDT Entry range: 16.87 _ 16.49 Targets: 18.04 _ 19.25 Stop: 15.62 Levrage: 2X Balance: 6% of capital By #Jacob
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π’ Spot Buy Signal #ETHFIUSDT
Entry range: 1.053 _ 0.978
Targets: 1.209 _ 1.381 _ 1.720
Stop: 0.892
Balance: 6% of capital
By #Behdark
Entry range: 1.053 _ 0.978
Targets: 1.209 _ 1.381 _ 1.720
Stop: 0.892
Balance: 6% of capital
By #Behdark
Forwarded from BehDark (VIP)
BehDark (VIP)
π’ Spot Buy Signal #ETHFIUSDT Entry range: 1.053 _ 0.978 Targets: 1.209 _ 1.381 _ 1.720 Stop: 0.892 Balance: 6% of capital By #Behdark
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BehDark (EN)
After hitting the supply zone, it dropped more than 2.8% and caused the market to pump.
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BehDark (EN)
This index has pumped more than 9% after hitting the red zone, which has led to a recovery in altcoins.
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BehDark (EN)
The red zone was broken after a minor reaction, and Bitcoin's move is still valid.
Donβt forget who was talking about a new ATH when Bitcoin was in the red and everyone was hopeless!
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2
It seems that before the main bullish move, the price intends to sweep the lower liquidity pool because the momentum of the upward wave is weak.
At the bottom, we have a fresh and strong order block marked in green, which is our entry zone for the position.
If the price drops and reaches this area, a buy/long position can be taken.
The target can be above the previous swing.
A daily candle closing below the invalidation level will invalidate this analysis.
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