So....I noticed something very odd about the Ethereum chart a couple of weeks ago. I've compared it other to a few other crypto's but I could only see it on Ethereum. A basic technical analysis concept is the breakout and retest. For an asset to keeping pumping, you need of breakout over a new high, eventually come back to the breakout price and then strongly bounce off it. As you can see, Ethereum broke out of the 2018 ATH in March 21, subsequently making a new ATH of $4852 in November 21 and eventually came back to retest the 2018 ATH between June and December 2022. Unlike INDEX:BTCUSD which tested and smashed the 2021 ATH to pieces in 2024, Ethereum never even tested the 2021 ATH, leaving a lot of traders and investors confused due to the perceived strong correlation with Bitcoin. Ethereum failed twice to make a new ATH after notable rallies. This happened in March 24 and December 24. This is bearish. On top of this fact, the two highs Ethereum made in 2024 were near equal highs making it a double top on the Monthly TF. This is ULTRA BEARISH and very uncommon IMO to see a perfectly formed double top on the Monthly TF. Monthly Trading volume has also been declining since January 2021. There are also large buying fair value gaps, underneath the current price, left behind from all of the previous crypto cycles. If this Monthly double pattern top plays out, there are three natural 'TP' zones based around three Monthly Bullish Order Blocks. These are areas where significant buying support existed previously on the MONTHLY timeframe. The lowest bullish order block starts at $6.74! Ethereum has effectively spent over THREE YEARS consolidating between the 2018 ATH and 2021 ATH, which leads me to believe that the eventual distribution will be violent, powerful and fast. IMO there is nothing remotely bullish about this chart at all from a purely technical basis. Couldn't Ethereum just randomly pump and break the ATH? Anything is possible, but based on the last three years, it is highly unlikely before a huge fall. $2062 is the Double Top Neck. If the prices breaks underneath this price, the oblivion move will be on. The only question then would be how low will it go?!?! Zero may very well be on the cards. Think this is impossible? I'm sure most people thought that about TVC:USOIL BINANCE:ETHUSD
At the 4-hour level, yesterday's market was consolidated below the middle track and broke upward today. After the European session stepped back to confirm the support, it continued to move upward in the evening. MA5 and MA10 crossed upward again, MACD kinetic energy column turned red, and the fast and slow lines were about to form a golden cross. The US dollar index rebounded weakly and was still in a downward trend. Gold continued to rise in the short term. At present, 2906 has completed the top and bottom conversion, and the upper 2916 has been effectively broken. The short-term trend is bullish and looks at new highs. Support level 2916-2923, resistance level 2938-2942. Short-term retracement to 2928-23 area is more
Trend: Uptrend EW No.:- Wave (iv) in progress Note: Predicting Wave (iv) will complete soon by completing Wave c to complete Wave Z of Wave (iv). Hope this is the final correction wave (triple zigzag) before going to Wave (v) to complete expanded Wave 1. Typically zigzag is rare for wave 4. This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.
Price is now testing the 0.618 level which is seen as a strong support for price Hopefully at this level we see a reversal from the bulls and price pushes up to .786 This bear market has been brutal for ETH Alt season will kick in soon, with ETH leading Green bars pattern is just my price action thoughts Daily timeframe
A typical Rising Bottom (Re-Accmulation Schematic #2) Despite huge supply on 6th & 14th February, price still trending Up (Red Arrow) In terms of price action, nothing to be pointing as it is very obvious to Wyckoffian So, Based on presumption of BUEC : Tried to get in around 1.63-1.64 , failed Bursa Malaysia has been experiencing a very tough environment past few months, With Foreign Inst became Net Sellers (Consecutively) Ep with SL as attached, Tight Risk Pure Wyckoff
As you can see, my prediction was SPOT ON. We will wipe out liquidity
Currently, BTC has confirmed a bullish movement. However, the market is heavily focused on any news related to Trump and cryptocurrencies. Each time BTC appears ready to rise, it hesitates, expanding the pattern and making BTC trading very risky. If the current pattern holds, BTC should initially rise to 98,700. If everything goes well, it may continue to our other targets of 101,900 and 105,300.
And I published that have sold xrp. I believe we are now headed to the 0.8646 area and have set my target buyback to this range based off of the weekly chart on Bitrue. 0.7849 is at the 1.168 area to the downside so they deserved at 8646 buy back should hit without an issue.
Bias: Bearish USD News(Red Folder): -None Analysis: -Strong bullish momentum -Looking for pullback & continuation towards new ATH -Potential BUY if there's confirmation on lower timeframe -Pivot point: 2910 Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
Apple (AAPL) is trading within an ascending channel on the 1-hour timeframe, showing a clear short-term uptrend. However, the price is approaching a key resistance zone at $245.50, which aligns with the 0.854 Fibonacci retracement level and a previous supply zone. The stock's next move will be crucial—either a breakout above resistance, which could signal continuation higher, or a rejection, which could lead to a pullback. Key Technical Levels Resistance Levels $245.50 - $246.00 → Strong resistance (0.854 Fib + supply zone) $248.50 → Next major resistance (recent high & psychological level) $250.00+ → Round-number psychological resistance Support Levels $243.65 → 0.786 Fibonacci retracement (key support) $239.88 → 0.618 Fibonacci retracement (first major pullback level) $237.23 → 50% Fibonacci retracement (medium-term support) $231.31 → 0.236 Fib support (deeper correction zone) $228.66 - $226.00 → Strong demand zone (last low) Indicators & Analysis Moving Averages The 20, 50, 100, and 200 EMA (Exponential Moving Averages) are in bullish alignment, confirming the uptrend. Price is currently above the 50 EMA ($241.91) and 200 EMA ($236.41), acting as dynamic support. Fibonacci Retracement Price is hovering around 0.786 ($243.65) and 0.854 ($245.18) retracement levels. A breakout above 0.854 increases the probability of continuation toward $248.50 - $250. If price fails at 0.786, we may see a pullback to 0.618 ($239.88). MACD (Moving Average Convergence Divergence) The MACD line (blue) is crossing above the signal line (orange) → bullish crossover forming. Histogram bars are turning green, suggesting growing momentum. However, if MACD fails to cross, we might see a fakeout rejection at $245.50. RSI (Relative Strength Index) Current RSI: 62.73 → Slightly bullish but not overbought. If RSI stays above 60, bullish momentum is intact. A drop below 55-50 would signal weakness and possible rejection. Sentiment Indicator Recently turned positive (green), signaling improving bullish sentiment. However, previous red periods indicate caution if resistance holds. Trade Setups ? Bullish Scenario: Breakout Play ? A confirmed break and hold above $245.50 could trigger an uptrend continuation. Entry: Buy above $245.50 (on strong breakout candle + volume surge) Target 1: $248.50 (previous high) Target 2: $250.00+ (psychological level) Stop-Loss: Below $243.50 (invalidates breakout) Risk-Reward Ratio: ~2:1 Confirmation Needed: Strong bullish candle closing above $245.50 Volume increase on breakout RSI remaining above 60 MACD sustaining bullish crossover Bearish Scenario: Pullback Play If AAPL rejects $245.50, it may pull back towards Fibonacci support levels. Entry: Short below $243.50 (after confirmation of rejection) Target 1: $239.88 (0.618 Fibonacci) Target 2: $237.23 (50% Fibonacci) Stop-Loss: Above $246.00 (invalidates rejection setup) Risk-Reward Ratio: ~2:1 Bearish Confirmation: Rejection wicks at $245-$245.50 MACD crossover to bearish RSI dropping below 55 Bonus: Scalp Trade Opportunity If $243.65 (0.786 Fib) holds as support, a quick buy scalp can target $245-$246 with a tight stop at $242.50. Summary & Final Thoughts AAPL is bullish overall, but facing strong resistance at $245.50. A breakout above $245.50 could push price toward $248-$250. A rejection at $245.50 may trigger a pullback to $239-$237. Watch volume, MACD, and RSI for confirmation. Which way do you think AAPL will move? Bullish or Bearish? Drop your thoughts below!