$ETH Sitting around $1807, after a recent peak at $1857 (big rejection candle there!). Price is hovering right at the 7EMA and 25EMA (~$1803 - $1804). Moving averages still slightly sloping up → medium-term bullish bias.
Suggested Play: If ETH stays above $1800 and breaks $1815, target $1830-$1840. If ETH falls below $1795, target $1770 first, then $1755. Don't trade between $1795 - $1815, it’s choppy & uncertain.
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$SUI Market analysis and trade setup for SUIUSDT (15-minute chart):
Technical Overview: - Current Price: 2.9923 - MA 7: 3.0267 (above current price, short-term resistance) - MA 25: 2.9933 (price has just crossed below this) - MA 99: 2.9572 (acting as support for now)
Indicators Insight:
MACD: - MACD Line: 0.004770 - Signal Line: 0.011729 - Histogram: Negative (-0.002485) => Bearish crossover has just occurred; momentum is shifting to the downside.
RSI (14): - Current: 46.37 => RSI has cooled down from over 60 to sub-50, suggesting weakening buying momentum and a potential bearish trend if it dips further below 40.
Price Action: - Strong upward rally earlier today, but price formed a lower high and is now dipping below both MA 7 and MA 25. - Candle structure is showing bearish engulfing near the resistance around 3.15.
Scenario 2: Bullish Reclaim - Long Entry: On reclaim and close above 3.03 with strong volume - Target 1: 3.08 - Target 2: 3.13 - SL: 2.98
Conclusion: The trend is short-term bearish with weakening momentum and MACD crossover confirmation. RSI dipping adds to caution. Avoid long entries unless price reclaims key levels with momentum. A short trade could be favorable below 2.98 if 99 EMA fails to hold.
🔍 What's Happening Now: 🕯️ Price Action: - ETH is consolidating near $1755, with very low amplitude movement and staying below both the 7 EMA ($1766) and 25 MA ($1786). - Price recently rejected from both EMAs and is hovering close to short-term support around $1750.80. - A clean break below this could lead to a steeper pullback toward $1720 → $1700, and potentially even $1665 (marked support zone).
📉 Indicators Update: - MACD: Deep in bearish territory. Histogram showing sustained selling pressure. MACD Line: -1.28, Signal Line: -7.77. - RSI Levels: - RSI(6): 22.88 → Oversold - RSI(12): 39.12 → Bearish - RSI(24): 51.62 → Neutral - All RSI indicators are trending down. RSI(6) suggests the market is currently oversold in the short term. 📊 Volume: - Weak bullish volume — no significant accumulation yet. - Declining volume during the downtrend signals lack of bullish conviction. --- ⚠️ Conclusion: ❌ Not a good time to buy yet. - Short-term trend is bearish. - RSI(6) is oversold — may trigger a bounce, but no confirmation yet. - MACD is bearish, and there's no bullish divergence on RSI. - You could get caught in a dead cat bounce if you enter early. --- ✅ Wait for Confirmation Before Entering Long: 1. RSI(6) starts curling back above 30 2. MACD histogram shows bullish momentum shift 3. Price breaks back above $1766–$1770 with good volume --- 📉 Aggressive Traders (Short-term Play): - You could scalp a small bounce around $1750, targeting $1770 - Entry: $1750–1752 - Target: $1766–1770 - Stop Loss: $1742 or below today's low But it’s risky without confirmation. Safer to wait for clearer signals.
Current Price $1754.31 Change: Pulling back from local high of $1803.69
🧠 Key Observations:
Price Action: ETH is currently in a short-term downtrend, breaking below both MA-7 and MA-25, signaling bearish momentum. The price is heading toward a possible retest of $1740–1730 range.
Indicators: MACD: Bearish momentum building with widening histogram and bearish crossover.
RSI: Dropped to 42.51 — weak but not yet oversold. Room to drop further.
Volume: No significant buying interest on the recent red candles. Bearish pressure looks steady.
Support Levels: Near-term: $1740 (psychological + structural) Stronger: $1700 and $1650 (near MA-99)
⚠️ Trade Decision: ⛔ Not a good time to enter a long yet.
The trend and momentum are bearish. Wait for one of the following: -RSI hits oversold (below 30) and starts to curl up -MACD flattens or crosses bullish -Strong support bounce from ~$1740 or ~$1700
✅ Watch for Potential Long Setup IF: -Price stabilizes above $1765 with volume pickup -Bullish divergence on RSI -MACD crossover on smaller timeframe (15min)
Until then, stay patient — catching falling knives can be costly.
🔍 Technical Outlook: Bounce in Play: Price reclaiming short-term moving averages (MA-7: 2.39 / MA-25: 2.39) with higher lows building support.
MACD: Bearish pressure fading, bullish crossover brewing – early signs of momentum shift.
RSI (14): 61.30 – entering bullish zone without overbought stress.
Support Zone: $2.35 – 2.37 (near MA-99 and recent consolidation)
Resistance Area: $2.45 short-term, breakout level to watch
⚙️ Trade Setup (Short-Term): Long Entry: On confirmation above $2.42 with volume pickup Target: $2.45 – $2.49 Stop: Below $2.37 (just under MA cluster and structure)
#BONK – 1H Chart Setup (April 24, 2025) 💰 Price: $0.01424 🧠 Context: After hitting $0.01846, BONK retraced and is now consolidating. Price is holding above the 99MA ($0.01227). Short-term MAs (7 & 25) sloping down but flattening — possible base forming.
🔍 Indicators: MACD: Bearish momentum fading, crossover brewing RSI(6): ~48.7, recovering from oversold Volume: Dropping — signs of accumulation