1. Overall Trend: The chart shows a strong and clear downtrend. Price has made a series of lower highs (LH) and lower lows (LL), with the most recent significant low at 24.581 USDT. 2. Key Resistance: The most immediate resistance is the recent swing high around 25.559 USDT. A stronger resistance level is formed near 25.800 - 26.000 USDT, which was previously support and is now likely to act as a ceiling. 3. Key Support: The immediate support is the recorded low of 24.581 USDT. A break below this could see a quick move down to the next psychological level at 24.400 or 24.200 USDT. 4. Market Sentiment: The sentiment is bearish. The price is trading below a descending resistance line (implied by the lower highs), and each bounce is being sold into. The high volume on the move down confirms selling pressure. Trading Signal for Scalping Given the strong bearish momentum, the highest probability setup is a Short (Sell) signal on any retracement towards resistance. A Long trade is a counter-trend, high-risk play and should only be considered on a strong bullish reversal pattern.
🔴: SHORT (Primary Setup) · Rationale: Fading a pullback into a key resistance level within a established downtrend. • Entry Point(s): · Aggressive: On a rejection (e.g., a bearish engulfing candle or a doji) around 25.400 - 25.500 USDT. · Conservative: On a rejection at the stronger resistance zone of 25.800 - 25.900 USDT. · Stop-Loss: · For the aggressive entry: Place stop-loss just above 25.650 USDT. · For the conservative entry: Place stop-loss just above 26.050 USDT. · Reasoning: A break above these levels would invalidate the immediate bearish structure and likely lead to a test of higher prices. · Take-Profit Target(s): · TP1: 24.800 USDT (Previous minor support level). · TP2: 24.581 USDT (Session Low). Consider closing at least half the position here. · TP3: 24.400 USDT (Extension target).
🟢: LONG (Reversal Setup - High Risk) · Rationale: Playing a bounce from the key support level at 24.581 USDT. This is a counter-trend trade and requires precise execution. · Entry Point(s): · Aggressive: On a strong bullish reversal candle (e.g., hammer, bullish engulfing) forming exactly at or very near 24.581 USDT. · Conservative: Wait for a break and slight pullback of a minor resistance around 24.800 USDT. · Stop-Loss: · Place stop-loss just below 24.500 USDT. · Reasoning: A break below the key support level would signal a continuation of the downtrend, invalidating the long idea. · Take-Profit Target(s): · TP1: 25.200 USDT (Immediate resistance). · TP2: 25.559 USDT (Next significant resistance). Exit the entire position here
Disclaimer: This analysis is based on a single 15-minute snapshot. Scalping is high-risk and requires constant monitoring. Always manage your risk carefully (position size should be appropriate so that a hit on your stop-loss does not significantly impact your capital). This is not financial advice.
⚠️ Alternative Setup (Short scalp if bounce fails)
Entry: If ETH rejects 4860 – 4910 zone with weakness.
SL: Above 4950.
TP: 4740 – 4720 retest.
✅ Summary: Scalp bias is bullish from 4780–4810 with target 4860 → 4910 and SL below 4715. But if ETH fails to reclaim above 4910, a quick short scalp back to 4740 can also be played.
📣 It is advisable not to utilize higher leverage. Always remember that by safeguarding your capital in trading, you will consistently emerge as the victor.
Technical Analysis and Trading Signal for SOL/USDT (1-Hour Chart)
$SOL ◾The market is in a strong downtrend, with prices breaking below major psychological levels and trading near lows at $206.51, characterized by lower highs and lows, and high selling volume confirming bearish dominance. ◾Technical analysis indicates a strongly bearish trend, with immediate support at $206.51 and significant support at $200. Resistance levels are at $201.50, $204.50, and $208.00. A break below $206.51 could lead to a swift move to $200. ◾ High selling volume suggests momentum in the downtrend, with any low-volume bounce likely being a correction rather than a reversal. ◾ For intra-day trading, the SHORT scenario is higher probability, with entry triggers at resistance rejection or support break, stop-loss above resistance or breakdown point, and take-profit targets at $201.50, $200.00, and $198.45. ◾ The LONG scenario is a high-risk counter-trend play, only considered at $200 support with a clear bullish reversal signal, stop-loss below entry or $200, and take-profit targets at $204.50 and $208.00. Summary · Primary Bias: Bearish. The path of least resistance is down. · Best Opportunity: Look for a short entry on any pullback to resistance (~$206.50) or a break below $208.00. · Key Levels to Watch: · Resistance: $204.50, $208.00 · Support: $206.00, $200.00, $198.45 Disclaimer: This is technical analysis based on a single 1-hour snapshot and should not be considered financial advice. Always conduct your own research, consider multiple timeframes, and manage your risk appropriately. The cryptocurrency market is highly volatile.
🚨 📈 Market Overview BTC: $110,400 ETH: $4,564 Fear/Greed Index: 51 (neutral) BTC.D (Bitcoin dominance): 58.01% 📊 Sellers continue to put pressure on the market, and we’re still failing to hold above $112K. I believe we’re now headed for a retest below $110K, after which we’ll be able to see which of the scenarios I outlined earlier will play out. ❗️For the second week in a row, Friday looks set to be the decisive day for the market. Will August close as a green or red month? We’ll find out very soon.
Today's events affected NFTs, crypto exchanges, and tokenized asset regulation.
Sharp Drop in Top NFT Prices
Blue-chip NFT collections recorded double-digit weekly declines as ETH pulled back from its all-time highs.
🟡 Pudgy Penguins fell −17.3% → 10.32 ETH 🟡 BAYC — −14.7% → 9.59 ETH 🟡 Doodles — −18.9% → 0.73 ETH 🟡 Other collections like Moonbirds and Lil Pudgys also dropped by more than 10%.
The main reason is the ETH correction — after hitting a new ATH, the asset fell by 12%.
Gemini Overtakes Coinbase in App Store Rankings
Crypto exchange Gemini (founded by the Winklevoss twins) launched an XRP Mastercard with up to 4% cashback in XRP. Following the launch:
🟡 Gemini jumped to 16th place in the U.S. App Store finance category. 🟡 Coinbase slipped to 20th place.
Interestingly, Coinbase still has three times the daily trading volume, but Gemini's marketing move provided a significant boost.
Regulators Push Back on Tokenized Stocks
ESMA, IOSCO, and WFE have sent a letter to the SEC requesting stricter rules for tokenized stocks.
🟡 According to regulators, such assets "mimic" stocks but don’t provide the same investor rights. 🟡 They expressed concerns about the lack of transparency and buyer protection. 🟡 This could slow down the adoption of tokenized securities, despite their growing popularity on Wall Street. $ETH $PENGU $BTC
1. ETH has rebounded strongly from a low of $4,315, breaking above the 55 EMA, indicating an intraday uptrend with the current price at $4,507, consolidating below the $4,560 resistance.
2. Short EMAs (9 and 21) are trending upwards, with the price above them, maintaining bullish momentum; continuation to the upside is likely if the price holds between $4,490 and $4,473.
3. Support zones are identified at $4,490–$4,473 and $4,465, while resistance zones are at $4,560–$4,580 and above $4,600.
4. The RSI on the 15-minute chart is around 58, indicating cooling off from overbought levels but still suggesting bullish momentum with potential for minor pullbacks.
📌 Scalp Trading Signal (15m)
🟢 Long Scenario (Bullish scalp) Entry point(s): $4,490 – $4,500 (buy on dip / EMA retest). Stop-loss: $4,465 (below EMA support & local swing). Take-profit target(s): TP1: $4,540 TP2: $4,560 – $4,575 Aggressive TP3: $4,600 if momentum extends. Risk/Reward: ~1:2. ⚠️ Only take long if price holds above $4,490 with bullish candles (e.g. hammer / engulfing).
⚠️ Only short if RSI diverges (lower highs while price makes higher highs) OR rejection candles form at $4,560+.
📢 It is advisable not to utilize higher leverage. Always remember that by safeguarding your capital in trading, you will consistently emerge as the victor.
$ENA 🚨 Mega Matrix Inc. has initiated its Digital Asset Treasury strategy, designating Ethena’s ENA governance token as its principal stablecoin reserve asset.
$BTC New week — new gap. I think we'll fully close it next month.
My reasoning is straightforward: numerous long traders have set, and will continue to set, their stop-losses just below $110K. The objective is to capture that liquidity before making an upward move.
Additionally, there is a significant amount of liquidity surrounding the gap area.
$BTC $ETH 🟡 Monitoring Key Inflation — PCE Index On Friday, August 29, the PCE data — the Federal Reserve’s preferred inflation gauge — will be released, including the core PCE. This report will be critical for understanding the Fed’s future policy path and the markets’ reaction. 🟡 Nvidia and Other Corporate Earnings On Wednesday, Nvidia will release its quarterly report — a key update for the AI sector. On Thursday and Friday, reports from other major companies are expected, including Alibaba. 🟡 Other Economic Reports - Monday: U.S. new home sales statistics - Tuesday: Durable goods orders and consumer confidence levels - Thursday: Revised Q2 GDP, jobless claims, and the pending home sales index. This will be a news-packed week, and there’s a chance we’ll close August in the red🔴. However, much will depend on Friday’s inflation data.
😎 Following Powell's remarks, there was a substantial decline, leading to the anticipation of a potential movement below $110K. As previously stated, I do not anticipate a significant drop; however, I consistently base my conclusions on the prevailing market conditions.
❕ On a positive note, the influence of Bitcoin is gradually waning, suggesting that alternative cryptocurrency are experiencing reduced effects from the current market fluctuations.
An article was published 22 hours ago regarding a short trade on SOL/USDT, detailing a price movement from $211 to $213. It was noted that SOL once again increased to approximately $211 before declining to $201. Please review the article.
Technical Analysis and Trading Signal for LTC/USDT (30-minute Chart)
$LTC Overall Bias: Cautiously Bearish. Price has broken below the key 50% Fibonacci level, suggesting a short-term momentum shift down. 🔴 Short Trade (Primary Idea - Bearish) · Trigger: Price breaks & closes below $117.12 (0.618 Fib). · Entry: ~ $116.85 · Stop-Loss: $117.80 (above the 0.618 level) · Take-Profit: · TP1: $115.80 · TP2: $113.30 (main target) 🟢 Long Trade (Secondary Idea - Bounce) · Trigger: A clear bounce off $117.12 support. · Entry: ~ $117.35 · Stop-Loss: $116.70 (below the bounce level) · Take-Profit: · TP1: $118.30 · TP2: $120.50 · TP3: $123.50 Key Levels to Watch: · Major Resistance: 123.49 (High) · Immediate Resistance: 119.55 · Pivot Zone: 117.12 (0.618 Fib) - This is the key level for both trades. · Major Support: 113.18 (Low) In short: Watch the $117.12 level. A break below targets a short trade down. A hold and bounce targets a long trade up. Always use a stop-loss. · Market Context: This analysis is based solely on the 30-hour chart. Always be aware of higher timeframe trends (4H, Daily) and major news events that could impact price. · Risk Management: Never risk more than 1-2% of your trading capital on a single trade. These levels are dynamic; adjust them as new candles form. 📣 It is advisable not to utilize higher leverage. Always remember that by safeguarding your capital in trading, you will consistently emerge as the victor.
Technical Analysis and Trading Signal for SOL/USDT (1- H Chart)
$SOL #solana #CryptoRally · Key Support: The $200.00 level is the most critical immediate support. This is a major psychological barrier. A break below could trigger a sharp decline. Secondary support lies near $195.00 (previous swing low). · Key Resistance: Immediate resistance is at the recent breakdown level and the 0.382 Fibonacci retracement level $204.96. The most significant resistance zone is between $212.83 (0.5 Fib) and $215.16 (0.786 Fib), which would need to be broken to challenge the structure. 🔴 Trading Signal 1: SHORT · Entry Point (Aggressive): $206.00 - $208.00 · Entry Point (Conservative): $211.00 - $213.00. Stop-Loss (SL): $214.50 Take-Profit Targets (TP): · TP1: $200.00 · TP2: $195.00 · TP3: $189.00 🟢 Trading Signal 2: LONG · Entry Point: $201.50 - $202.50 (ONLY on a confirmed bounce) Stop-Loss (SL): $198.50 Take-Profit Targets (TP): · TP1: $208.00 · TP2: $212.50 · TP3: $215.00 Summary and Key Considerations: Aspect SHORT Signal (Trend-Following) LONG Signal (Counter-Trend) Probability Higher Lower Entry Trigger Pullback into resistance Confirmed bounce off $200 support Key Level Hold below $215 Hold above $200 Volume Needed Low volume on pullback High buying volume on bounce · Priority: The SHORT signal aligns with the trend and is the preferred strategy. The LONG signal is a reactive play for a specific scenario. · Market Context: This analysis is based solely on the 1-hour chart. Always be aware of higher timeframe trends (4H, Daily) and major news events that could impact price. · Risk Management: Never risk more than 1-2% of your trading capital on a single trade. These levels are dynamic; adjust them as new candles form. 📣It is advisable not to utilize higher leverage. Always remember that by safeguarding your capital in trading, you will consistently emerge as the victor.
1. One Day chart highlights key support and resistance levels, with the current price at $0.1061 and a trading volume of 69.74 million AEVO. 2. The price has been consolidating between $0.0948 and $0.1169, indicating potential for a breakout, with a notable volume spike in mid-August suggesting strong buying interest. 3. Key support levels are at $0.0948 and $0.0868, while resistance levels are at $0.1169 and $0.1549. 4. The moving average is flattening, suggesting a potential loss of downward momentum, with the price currently above it, indicating a short-term bullish signal. 5. Volume has decreased, suggesting the market is awaiting a catalyst for a trend resumption. 6. The price action resembles a symmetrical triangle, indicating a potential breakout; a move above $0.1169 could confirm a bullish trend, while a drop below $0.0948 might signal bearish continuation. 7. The proposed intraday trading strategy is long, with primary and secondary entry points at $0.1170 and $0.1065, respectively, and a stop-loss at $0.0930. 8. Take-profit targets are set at $0.1250 and $0.1400, offering risk-reward ratios of 1:2.5 and 1:5.9, respectively. 9. Traders should risk no more than 1-2% of their capital, monitor the trade on a 15-minute or 1-hour chart, and be aware of external factors that could influence the breakout direction. 10. The analysis suggests a potential intraday trading opportunity with a long bias, contingent on a breakout above $0.1169, with structured entry, stop-loss, and take-profit targets. 📣 It is advisable not to utilize higher leverage. Always remember that by safeguarding your capital in trading, you will consistently emerge as the victor.
🔥 Technical Analysis (BTC/USDT – 4H) • Consider a long position if the price holds above the immediate support after a sharp decline and long lower wick. 📊 Trading Signal (Intraday Setup) 🔥 Long (Buy) Setup – Preferred 🟢 Enter long at 115,106.3 USDT if the next 4-hour candle closes above this price, or on a breakout above 115,608.8 USDT for added confirmation. • Place a stop-loss below the recent low at 114,000 USDT to protect against a breakdown below the support zone. • Set take-profit targets •TP: 117,222.0 USDT •TP: 119,835.2 USDT •TP: 122,448.3 USDT with risk:reward ratios of ~1:2, ~1:4, and ~1:6 respectively. • The setup offers a favorable risk:reward ratio, especially targeting higher resistance levels, and adjust position size to limit risk to 1-2% of trading capital. • Confirm the bullish signal by waiting for the next 4-hour candle to close above the entry price, and avoid entering if the price breaks below 114,000 USDT.
It is advisable not to utilize higher leverage. Always remember that by safeguarding your capital in trading, you will consistently emerge as the victor.
🔥 Technical Analysis (ETHFI/USDT – 4H) •ETHFI experienced a strong rally from 1.045 to 1.313, retraced, and is now consolidating around 1.263, with volume spikes indicating heavy buying interest. •The current price is stabilizing above 1.21, indicating a short-term bullish structure. •Key resistance zones are at 1.313, 1.386, and 1.478, while support zones are at 1.262, 1.211, and 1.045. •As long as ETHFI remains above 1.21, buyers have an advantage, with potential for continuation towards 1.38–1.47 if it breaks above 1.313. 📊 Trading Signal (Intraday Setup) 🟢 Long (Buy) Setup – Preferred Entry Zone 1 (Safe Pullback): 1.21 – 1.23 Entry Zone 2 (Aggressive): 1.26 – 1.27 (current price, breakout attempt) Stop-Loss: Below 1.19 (just under Fib 0.382 support) Take-Profit Targets: 1. TP1: 1.313 (0.618 Fib) 2. TP2: 1.386 (0.786 Fib) 3. TP3: 1.47–1.48 (swing high) 👉 Risk-to-Reward ~ 1:2.5 if entering near 1.21–1.23 support zone. 🔴 Short (Sell) Setup – Only if Breakdown Trigger: Close below 1.19 support Entry Zone: 1.18 – 1.20 Stop-Loss: Above 1.23 Take-Profit Targets: 1. TP1: 1.15 2. TP2: 1.11 3. TP3: 1.05 (swing low base) 👉 Counter-trend trade, use only with confirmed breakdown.#ETHFI #Altcoins!
ETH experienced a strong bullish breakout from approximately 4,066 to a recent high of 4,881, with the current price at 4,739.50, consolidating above the 0.25 Fibonacci level at 4,677. A volume spike during the breakout indicates initial buyer control, now stabilizing. Resistance is at 4,881, with support levels at 4,677 (0.25 fib), 4,570 (0.382 fib), 4,474 (0.5 fib), and 4,378 (0.618 fib, strong support zone). ETH remains in an uptrend as long as it stays above the 4,570–4,474 support zone. A break above 4,881 could lead to a continuation towards 5,000–5,100, while a breakdown below 4,474 poses a risk of bearish correction. 📊 Trading Signal (Intraday Setup) 🟢 Long (Buy) Setup – Preferred Entry Zone 1 (Safe): 4,570 – 4,600 (near 0.382 fib pullback) Entry Zone 2 (Aggressive): 4,680 – 4,740 (current consolidation, but higher risk) Stop-Loss: below 4,474 (0.5 fib, key invalidation level) Take-Profit Targets: 1. TP1: 4,820 (near recent resistance) 2. TP2: 4,880–4,900 (swing high) 3. TP3: 5,050–5,100 (psychological + measured extension) 👉 Risk-to-Reward ~ 1:2.5 (if entering near 4,570 zone).#ETHInstitutionalFlows #ETH🔥🔥🔥🔥🔥🔥