30-minute Ethereum (ETH/USD) chart ,
Chart Breakdown
1. Entry Zone:
• A marked entry zone is around $1,862 - $1,900.
• The price is consolidating in this area, with a potential breakout expected.
2. Target Zone:
• The green area suggests a potential bullish breakout, aiming for $2,010 - $2,128.
• A blue arrow indicates expected upward momentum.
3. Resistance Levels:
• $2,010.9 is the first resistance level.
• $2,128.7 is the second key resistance, possibly acting as the take profit zone.
4. Support Levels:
• $1,862 is a critical support level, possibly a stop-loss zone.
Conclusion
This appears to be a breakout trading setup, anticipating a bullish move. If the price breaks above the entry zone, it could reach $2,010 - $2,128. However, if it drops below $1,862, the setup may fail.
Chart Breakdown
1. Entry Zone:
• A marked entry zone is around $1,862 - $1,900.
• The price is consolidating in this area, with a potential breakout expected.
2. Target Zone:
• The green area suggests a potential bullish breakout, aiming for $2,010 - $2,128.
• A blue arrow indicates expected upward momentum.
3. Resistance Levels:
• $2,010.9 is the first resistance level.
• $2,128.7 is the second key resistance, possibly acting as the take profit zone.
4. Support Levels:
• $1,862 is a critical support level, possibly a stop-loss zone.
Conclusion
This appears to be a breakout trading setup, anticipating a bullish move. If the price breaks above the entry zone, it could reach $2,010 - $2,128. However, if it drops below $1,862, the setup may fail.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.