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Ethereum (ETH/USD) Bearish Setup | Cup and Handle Breakdown💥🚀🔥
$ETH
Ethereum (ETH/USD) Chart Overview:
Ethereum (ETH/USD) has formed a Cup and Handle pattern on the daily timeframe, but instead of breaking out bullish, price is showing signs of a bearish breakdown.
The handle formation has taken the shape of a rising wedge, a typical bearish continuation pattern.
Price has broken below the wedge support, confirming potential downside momentum.
Technical Analysis:
1. Cup and Handle Breakdown: A failed bullish continuation suggests that sellers have taken control.
2. Rising Wedge Pattern: The recent consolidation (handle) formed a rising wedge, which has now broken down.
3. Key Resistance Zone: The $2,869 level is acting as strong resistance, preventing further upside.
4. Breakout Confirmation: ETH/USD has broken below the handle support, indicating a continuation of the downtrend.
Trade Plan:
Short Entry: Below $2,505
Stop-Loss: Above $2,869 (invalidates the setup if price reverses)
Target: $1,700 (previous support and Fibonacci level)
Fundamental Outlook:
Ethereum has faced selling pressure amid broader crypto market uncertainty.
Macroeconomic factors like rising bond yields and regulatory concerns could add to the bearish sentiment.
If Bitcoin faces further downside, ETH could follow suit.
If ETH remains below the breakout zone, we anticipate further downside toward $1,700. However, a reclaim of $2,869 could invalidate this bearish bias.
Must Suport And Let me know your thoughts! Happy trading!
Ethereum (ETH/USD) Chart Overview:
Ethereum (ETH/USD) has formed a Cup and Handle pattern on the daily timeframe, but instead of breaking out bullish, price is showing signs of a bearish breakdown.
The handle formation has taken the shape of a rising wedge, a typical bearish continuation pattern.
Price has broken below the wedge support, confirming potential downside momentum.
Technical Analysis:
1. Cup and Handle Breakdown: A failed bullish continuation suggests that sellers have taken control.
2. Rising Wedge Pattern: The recent consolidation (handle) formed a rising wedge, which has now broken down.
3. Key Resistance Zone: The $2,869 level is acting as strong resistance, preventing further upside.
4. Breakout Confirmation: ETH/USD has broken below the handle support, indicating a continuation of the downtrend.
Trade Plan:
Short Entry: Below $2,505
Stop-Loss: Above $2,869 (invalidates the setup if price reverses)
Target: $1,700 (previous support and Fibonacci level)
Fundamental Outlook:
Ethereum has faced selling pressure amid broader crypto market uncertainty.
Macroeconomic factors like rising bond yields and regulatory concerns could add to the bearish sentiment.
If Bitcoin faces further downside, ETH could follow suit.
If ETH remains below the breakout zone, we anticipate further downside toward $1,700. However, a reclaim of $2,869 could invalidate this bearish bias.
Must Suport And Let me know your thoughts! Happy trading!
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the future is gambling.
I bet everything over there, doctor
I bet everything over there, doctor
$ETH $BTC buy cryptocurrency eth 3k2. Link 26.5 btc 95k. Now lost nearly 50% of the price jumping into future to recover. Lost another 9k usd. You said investing in cryptocurrency for 1 year would increase the capital by 100%. Forget it, buy real estate or gold instead.
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the hold is currently -40%.
will receive the mail soon 😆😆
will receive the mail soon 😆😆
The storm spares no one.
Currently, both the Long and Hold sides are suffering heavily. In the square, we only see scenes of lamentation. The short side is gaining the upper hand, many people from Long are gradually 'learning to short'.
Now let's take a look at a leader in copy trading. This person has a room for up to 1000, and at peak times, ANUM rose to tens of millions. Now they have lost some, so it's temporarily less.
This leader has been open for copy trading for 445 days. At the highest point, there were 1000 followers, now there are 876, due to some dropping out in recent days.
Now let's take a look at a leader in copy trading. This person has a room for up to 1000, and at peak times, ANUM rose to tens of millions. Now they have lost some, so it's temporarily less.
This leader has been open for copy trading for 445 days. At the highest point, there were 1000 followers, now there are 876, due to some dropping out in recent days.
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bored for the seller. a few million can be cheated.
binance must find it easy to choose sellers, right?
binance must find it easy to choose sellers, right?
I also just got from another house
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$BTC $ETH $ADA #WhiteHouseCryptoSummit #Vietnamcryptocurrencylaws #VietnamPiNetworkNews #Vietnam
#VietnamBinanceSquare
take care when dealing with this party.
the money has been received but they make me do a video call showing my face, reading my full name, and even showing my ID documents to them, while transferring money I have to show my face...
they're worse than the police 😞
update: that stubborn child even asked to see the transaction history for the last 3 days.
truly outrageous, they will eventually get their comeuppance 😟
#VietnamBinanceSquare
take care when dealing with this party.
the money has been received but they make me do a video call showing my face, reading my full name, and even showing my ID documents to them, while transferring money I have to show my face...
they're worse than the police 😞
update: that stubborn child even asked to see the transaction history for the last 3 days.
truly outrageous, they will eventually get their comeuppance 😟
ada = 9usdt 😁
BlockchainBaller
--
Bearish
DEAR Binance Family Stay strong and HOLD #ADA don’t let the market crash shake you❗After briefly surpassing $1, $ADA has retraced back below its previous price level.... Is this a golden opportunity to buy the dip❓Once the price rebounds, a 5x profit could be on the horizon❗$ADA /USDT – Recovery Attempt or Short-Lived Bounce?
#Cardano is trading at $0.8149, down 16.45%, after bouncing from a 24h low of $0.7576. The price is showing signs of stabilization, but upside momentum remains weak.
Key Levels to Watch
Resistance: $0.85 – A breakout could push ADA toward $0.90 and $0.95
Support: $0.78 – If ADA breaks lower, expect downside to $0.75 and $0.70
Market Insights
Parabolic SAR: Indicates a short-term bullish trend, but needs confirmation
MACD: Weak bullish crossover, suggesting mild recovery potential
Volume: Increasing slightly, but not yet indicating strong buying pressure
Trade Setup
Long Entry: Above $0.85, targeting $0.90 and $0.95
Short Entry: Below $0.78, targeting $0.75 and $0.70
Stop Loss: $0.80 to limit risk
ADA is attempting a rebound, but a strong confirmation is needed to sustain gains. Traders should watch key levels for the next move.
#Cardano is trading at $0.8149, down 16.45%, after bouncing from a 24h low of $0.7576. The price is showing signs of stabilization, but upside momentum remains weak.
Key Levels to Watch
Resistance: $0.85 – A breakout could push ADA toward $0.90 and $0.95
Support: $0.78 – If ADA breaks lower, expect downside to $0.75 and $0.70
Market Insights
Parabolic SAR: Indicates a short-term bullish trend, but needs confirmation
MACD: Weak bullish crossover, suggesting mild recovery potential
Volume: Increasing slightly, but not yet indicating strong buying pressure
Trade Setup
Long Entry: Above $0.85, targeting $0.90 and $0.95
Short Entry: Below $0.78, targeting $0.75 and $0.70
Stop Loss: $0.80 to limit risk
ADA is attempting a rebound, but a strong confirmation is needed to sustain gains. Traders should watch key levels for the next move.
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there are 12 units of thoughts, what a hassle
#BTC should be kept or closed, bro
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