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SniperTrader940

SniperTrader940

@t_SniperTrader940

Number of Followers:0
Registration Date :8/17/2024
Trader's Social Network :refrence
ارزدیجیتال
24867
-3
Rank among 44918 traders
0%
Trader's 6-month performance
(Average 6-month return of top 100 traders :25.9%)
(BTC 6-month return :12.5%)
Analysis Power
1.4
4Number of Messages

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SniperTrader940
SniperTrader940
Rank: 24867
1.4
BuyETH،Technical،SniperTrader940

In this analysis, we delve into Ethereum's price action and the potential for a significant rally in the upcoming market cycle. By leveraging Fibonacci extensions and multi-year technical patterns, we can gain valuable insights into where the next major resistance levels may form.Looking back at the 2021 bull cycle, Ethereum reached its peak around $4,800, perfectly aligning with the Fibonacci 3.618 extension level. Fast forward to the present, and we are again seeing an ascending triangle pattern emerging—this time spanning several years, dating back to 2021. By applying the same 3.618 Fibonacci extension, we can project a potential top for the next cycle around the $15,700 level. Not only does this align with the technical structure, but it also supports the case for a prolonged bull market—possibly a supercycle. Historically, altcoins have shown strong performance following Federal Reserve pivots, often running for an extended 20-month period. If Ethereum were to reach this projected 15.7k level, it could act as a catalyst for an extended altcoin rally, ushering in a longer-lasting and more robust bull market cycle.This confluence of technical patterns and macroeconomic factors suggests that Ethereum may not only continue its upward trajectory but also lead the charge in a broader market rally. Should this scenario play out, investors could witness one of the most significant bull cycles in cryptocurrency history.Let me know your thoughts in teh comments.

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Price at Publish Time:
$2,342.23
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SniperTrader940
SniperTrader940
Rank: 24867
1.4
SellBTC،Technical،SniperTrader940

BTC is ready for its 2 monthly stochastic rsi Cross and ETH is too! Get ready for massive drop in Cryptos. CPI data ready to be priced in. Don't sit on this one. Major Bull Trap imminent!

Translated from: English
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Signal Type: Sell
Time Frame:
2 months
Price at Publish Time:
$59,000.89
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SniperTrader940
SniperTrader940
Rank: 24867
1.4
SellHNT،Technical،SniperTrader940

Hidden bearish dev on the higher time frames. One to DCA short down to around 3.50ish

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Profit Target:
$6.92
First Support:
$7.42
Price at Publish Time:
$7.7
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Disclaimer

Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.

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