BehDark (EN)
Considering the lack of price penetration and the formation of higher highs at the first supply zone, Ethereum may have already started its drop without a recovery and could move from the current area toward the $3,700–$3,500 range. So stay alert and manage your risk carefully.
There is still a slight chance of a price rebound to the upside.
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BehDark (EN)
The supply had a slight fakeout, but the previous outlook still holds. Unlike everyone who is targeting $130K for Bitcoin, we still believe Bitcoin is bearish. Let’s see what happens.
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Forwarded from BehDark (VIP)
🟢 Spot Buy Signal #ADAUSDT
Entry range: 0.7542 _ 0.6812
Targets: 1.2000
Stop: 0.6037
Balance: 6% of capital
Entry range: 0.7542 _ 0.6812
Targets: 1.2000
Stop: 0.6037
Balance: 6% of capital
BehDark (EN)
As you know, capital first flows into Bitcoin, then into Ethereum, and afterward into other altcoins. This index serves as a good indicator to understand when altcoins, apart from Ethereum, will turn bullish.
It seems that one more corrective wave remains in this index, which could complete within one of the green zones. After that, we expect to see another bullish wave.
The targets are marked on the chart.
A daily candle close below the invalidation level will nullify this analysis.
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BehDark (EN)
After the drop and hitting the demand zone, the first and second targets were reached, and it pumped more than 30%.
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Liquidity pools have accumulated at the top, and the price has hit an important supply zone.
Currently, the price is below the flip zone, and there are still untouched liquidity pools at the lower part of the chart. On our chart, we can also see bearish CHs.
The best zone to enter a sell/short position is the red-marked area.
The target can be the green-marked box.
A daily candle close above the invalidation level will invalidate this analysis.
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This coin, after completing a bullish wave in the form of a WXY, has entered a corrective phase from the point where we placed the red arrow on the chart.
This phase appears to be a Diametric, and we are currently in wave F of this Diametric.
It is expected that wave G will soon be completed, pushing the price toward the green lines, which mark our entry zone for a buy/long position.
In the green zone, we are looking for a buy/long position. If you are considering a sell/short position, the red-marked box is suggested.
Targets are marked on the chart.
A daily candle close below the invalidation level will invalidate this analysis.
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BehDark (EN)
Honestly, as you know, the market had been ranging for several days without much movement. On the chart, we had signs of a drop, but the drop didn’t happen, and instead the market dropped in a way that was shown.
Considering that the demand zone has held and the market is still ranging, we can return to the scenario of (this analysis) and expect to see some recoveries from Ethereum.
Either Ethereum can get rejected from the identified supply zone, or it can make a new all-time high afterwards.
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BehDark (EN)
Honestly, as you know, the market had been ranging for several days without much movement. On the chart, we had signs of a drop, but the drop didn’t happen, and instead the market dropped in a way that was shown.
The key level for Bitcoin is the 117K zone, where we may see a negative reaction. It is expected that Bitcoin will advance toward the red zone for now.
This market is a dangerous one, and it is necessary to avoid unnecessary trades.
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BehDark (EN)
After the drop and hitting the marked green zone, the price pumped over 34% and TP1 was hit.
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BehDark (EN)
Finally, it reached the red box. From this box, or with a hunt of this box, the price may get rejected to lower levels.
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BehDark (EN)
This move happened and the price surged more than 11%, reaching the first supply.
We expect a price rejection from either the first or the second supply.
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We have a major downtrend on Tether dominance. When we see strong downtrends, every upward correction should be monitored carefully, because once the correction trendline breaks, it can be a signal for the continuation of the larger downtrend.
Right now, the corrective upward trendline has been broken, no higher highs have formed, and we see bearish CHs on the chart.
Price can pull back toward the flip zone and then drop again to lower levels, even toward the green area.
This means we must be cautious with our short sell positions, because Bitcoin and Ethereum may register new all-time highs!
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BehDark (EN)
Based on the price structure, which has formed a bullish trend through small corrections, and also the lack of rejection from the resistances that have just been tested, along with a bullish CH and the formation of a supportive trendline, it is expected that Bitcoin will move close to its ATH or register a new ATH, and then enter a correction phase.
Considering the Tether dominance chart we published a few minutes ago, we expect Bitcoin to remain bullish until it reaches the specified red zone.
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BehDark (EN)
Still Valid
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BehDark (EN)
After a %20 drop
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From the point marked START on the chart, the correction of XCN seems to have begun.
Based on the wave structure, the price now appears to be in a complex ABC. Wave B of B looks like a diametric, and we are currently in the middle of wave F.
Once wave g of this diametric is completed, we can enter a position within the green zones, which represent our entry areas.
The closing of a daily candle below the invalidation level will invalidate this analysis.
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A supply zone has been highlighted on the chart. This supply has been consumed many times, yet no lower low has been formed. Also, from the point where we marked it on the chart, a bullish move started. After this bullish move, the price is currently forming a range. It seems that the initial move is wave A of the new pattern, and the ranging move is wave B.
As long as the green zone holds, the price can move toward the targets. Once the trigger line is broken, we will have further confirmations.
A daily candle closing below the invalidation level will invalidate this analysis
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ENA is one of the symbols that has rallied strongly and has now reached strong resistance zones. A bearish 3D formation is visible on the chart, and momentum has dropped significantly, which may indicate the start of a bearish trend for ENA.
Currently, it is near a weak support that may cause temporary pullbacks to the upside, providing opportunities to open sell/short positions. One entry can be taken on a pullback upward, and another if the price reaches the red SWAP zone.
The target can be the green box area.
A daily candle closing above the invalidation level will invalidate this outlook.
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BehDark (EN)
Not much time has passed since the analysis, and the price has pumped more than 16%
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