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ETH Succumbs to Bearish Pressure and Upper Resistance As of Dec. 18, 2023, ethereum exhibits a complex interplay of bearish and bullish signals across various technical indicators. The second-leading crypto asset, currently priced at $2,125 to $2,165, faces a critical juncture in its market trajectory, as revealed by the 4-hour and daily charts, oscillators, and moving averages.

Bullish Trends Push Against Upper Resistance Limits Bitcoin’s price of $43,094, fluctuating between $42,235 and $43,176 within 24 hours, reflects a market in subtle motion. With a substantial 24-hour volume of $20.10 billion and a market capitalization of $837 billion, bitcoin maintains its strong presence in the cryptocurrency sphere.

Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- Looking at the 4-hour timeframe, things look worrying for Ethereum. The market has been making lower highs and lows since the rejection from the 2,400 level, demonstrating a clear bearish shift in the short-term market structure. Nevertheless, the trend is still bullish, as the trendline depicted on the chart is yet to be broken. If this happens, the mid-term trend will be considered bullish, too, and a deeper drop can be expected in the coming weeks. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/ETHUSDT/dlxUK7B7-ETH-USDT-4HOUR-UPDATE-BY-CRYPTOSANDERS/

Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- The 4-hour chart offers a much clearer picture of toilet price action. Price has formed a falling pattern yet to break it on either side. Meanwhile, the support level of 40K is towards the higher trend line of the price per trend. A classic retracement is contemplated to break the falling wedge, and the market may rise above the recent high of 45K and in the coming form have access to the high of 48K. Conversely, a breakdown of the pattern would be disastrous, as it could lead to a decline towards the 38K support area. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/BTCUSD/NGCds6Tz-BTC-USDT-4HOUR-UPDATE-BY-CRYPTOSANDERS/

BTC/USDT WEEKLY UPDATE

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Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:-4-hour chart, Ripple’s ascent faced significant resistance around the 0.74 level. Heightened selling pressure in this critical region led to a notable decline, characterized by an extended retracement towards the 0.5-0.618 Fibonacci levels. Despite subsequent attempts by buyers to push the price beyond the 0.74 threshold, these efforts proved unsuccessful. This price action signifies market uncertainty, with Ripple undergoing a consolidation phase accompanied by low volatility. substantial support is evident in the price range between the 0.5 and 0.618 Fibonacci levels. A potential decline below this critical range could signal an imminent significant downturn for XRP, and market participants should brace for notable changes under such circumstances. I have tried to bring the best possible results in this chart Thank you. https://www.tradingview.com/chart/XRPUSDT/JKFg40LD-XRP-USDT-4HOUR-UPDATE-BY-CRYPTOSANDERS/

Hello friends, welcome to this ETH/USDT update from Crypto Sanders. Chart Analysis:- 4-hour chart, things become a little more tricky. The price has been reacting precisely to the depicted bullish trendline over the past few weeks. it is currently falling toward the trendline once more. While traders can expect another rebound from this level, there is also a possibility for a breakdown. In the latter case, things might turn for the worse and lead to a deeper correction shortly. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you. https://www.tradingview.com/chart/ETHUSDT/TvkeQIgn-ETH-USDT-4HOUR-UPDATE-BY-CRYPTOSANDERS/

Hello friends, welcome to this BITCOIN update from Crypto Sanders. Chart Analysis:- the 4-hour time frame shows that after a significant impulsive surge beyond the 40K level, Bitcoin achieved its yearly high at 44.7K, indicating bullish market sentiment among the participants. It reflects. However, the failure to establish higher resulted in a double-top pattern. sellers entered the market, causing a notable rejection and a 10% decline. As mentioned in our analysis, the correction ended when the price reached a substantial dynamic support range between the 0.5 and 0.618 Fibonacci retracement levels, which aligned with the recent rising trend line. Bitcoin will enter a medium-term consolidation phase within this dynamic range until a breakout occurs. However, if the price violates the trendline, the 40K support area will serve as the next important level of interest. https://www.tradingview.com/chart/BTCUSDT/m3xWblDG-BTC-USDT-4HOUR-UPDATE-BY-CRYPTOSANDERS/

#TRB/USDT LONG TRADE SETUP

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