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summary of the analysis for the ETH/USDT, SOL/USDT, BICO/USDT, and 1000PEPE/USDT pairs in the first person:
For **ETH/USDT**, I notice that the price still struggles to hold higher levels. Despite recent upgrades like the Merge and the Shanghai hard fork, forecasts for 2024 are mixed. Some analysts expect a drop to around $1,900, while others believe ETH could reach $3,500 in the long term. In the short term, volatility remains significant.
Regarding **SOL/USDT**, I see that Solana has entered a high-volatility phase. The critical support is at $122, and if it holds, there could be an optimistic scenario for 2025. However, a break below this support could lead to lower levels, around $100 or even $83.
**BICO/USDT** has shown mixed signals, with frequent volatility due to low liquidity. While the project holds some relevance in the DeFi space, I still view it as a risky long-term bet.
Lastly, **1000PEPE/USDT** is in a bearish trend, with the price consolidating at lower levels. If the support at 0.0058 breaks, new lows could be reached. In the short term, the bias remains bearish unless there’s a breakout above the resistance at 0.0094.
In summary, while ETH and SOL have potential for medium to long-term growth, BICO and 1000PEPE are currently more volatile and risky options in the market. #ETH #SOL #BICO #PepeCoin
I conducted an analysis of the ETHUSD chart using Elliott Wave theory and some technical indicators. I identified a prevailing downtrend, with Waves A, B, and C in development, and it seems we're currently in Wave C, which could indicate a deeper downward movement.
The technical indicators support this view: the price is below the 7- and 30-day moving averages, volume increases during declines, the MACD is trending downward, and the RSI suggests the market may be oversold.I suggest considering a short entry near the end of Wave B or the beginning of Wave C, with a stop-loss above Wave B and a take-profit near previous lows or when observing signs of exhaustion in Wave C.
This analysis suggests the downtrend may continue, but it's crucial to monitor the market to adjust the strategy as needed.Best regards,
ETH has already made its macro correction and has a bottom structure ready. It is just waiting for the moment to "take off" — and when it does, it is likely to do so explosively.
TatThang
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Fun fact:
- The first time BTC hit 100K, ETH was at 3.9K - The second time BTC hit 100K, ETH was at 3.8K - The third time BTC hit 100K, ETH was at 3.7K - The fourth time BTC hit 100K, ETH was at 3.4K - The fifth time BTC hit 100K, ETH was at 3.2K - The sixth time BTC hit 100K, ETH was at 2.8K - The seventh time BTC hit 100K, ETH was at 2K
Bitcoin has recently broken past $100K, setting new all-time highs! But is this just the beginning, or should we expect a correction before the next leg up? 🤔
🔹 Short-term (1D Chart): Holding above $98K keeps the bullish momentum strong. If lost, key supports are at $92K and $85K. 🔹 Mid-term (1W Chart): The market is still strong, but price is testing major resistance levels. 🔹 Long-term (1M Chart): Projections suggest $120K - $150K as the next big targets in this cycle!
⚠️ Will Bitcoin continue to rally, or is a short-term correction coming? Drop your thoughts below! 👇🔥
15M and 30M show a rejection pattern on the moving averages and a possible continuation of the downtrend. New short entry here. It may now test the 61.8% Fibonacci level.