📉 ETH/USD Technical Analysis (18.04.2025) – Key Reversal or Further Drop?
🔍 Current Situation:
ETH is in a downtrend but showing signs of a potential reversal after testing a critical resistance level (Arrow #4). The price action here will determine the next major move.
✅ Bullish Reversal Scenario:
1. Break & Retest: If ETH breaks back above Arrow #3, consider a buy entry with confirmation.
2. Targets:
- First TP at Arrow #3a (minor resistance).
- Break above Arrow #2 and Arrow #1 would confirm a full trend reversal, opening targets higher.
3. Confirmation: Sustained closes above Arrow #2 (ideally with volume) would signal strength.
⚠️ Bearish Continuation Scenario:
- If ETH fails to hold Arrow #4, expect another leg down.
- Next major support at Arrow #5 (prepare for potential shorts or long entries there).
📊 Key Levels to Watch:
- Resistance: Arrow #3 → Arrow #2 → Arrow #1 (break these for reversal confirmation).
- Support: Arrow #4 (hold or break?) → Arrow #5 (next downside target).
🎯 Trading Plan:
- Longs: Only on a clean break/hold above Arrow #3, targeting 3a initially.
- Shorts: If Arrow #4 breaks, ride momentum to Arrow #5.
- Risk Management: Stop-loss below Arrow #4 for longs, or above Arrow #3 for shorts.
💡 Final Thought: Patience is key—wait for confirmation at these levels before committing. The trend is still bearish until Arrow #1 breaks!
🔍 Current Situation:
ETH is in a downtrend but showing signs of a potential reversal after testing a critical resistance level (Arrow #4). The price action here will determine the next major move.
✅ Bullish Reversal Scenario:
1. Break & Retest: If ETH breaks back above Arrow #3, consider a buy entry with confirmation.
2. Targets:
- First TP at Arrow #3a (minor resistance).
- Break above Arrow #2 and Arrow #1 would confirm a full trend reversal, opening targets higher.
3. Confirmation: Sustained closes above Arrow #2 (ideally with volume) would signal strength.
⚠️ Bearish Continuation Scenario:
- If ETH fails to hold Arrow #4, expect another leg down.
- Next major support at Arrow #5 (prepare for potential shorts or long entries there).
📊 Key Levels to Watch:
- Resistance: Arrow #3 → Arrow #2 → Arrow #1 (break these for reversal confirmation).
- Support: Arrow #4 (hold or break?) → Arrow #5 (next downside target).
🎯 Trading Plan:
- Longs: Only on a clean break/hold above Arrow #3, targeting 3a initially.
- Shorts: If Arrow #4 breaks, ride momentum to Arrow #5.
- Risk Management: Stop-loss below Arrow #4 for longs, or above Arrow #3 for shorts.
💡 Final Thought: Patience is key—wait for confirmation at these levels before committing. The trend is still bearish until Arrow #1 breaks!
Join OUR VIP Gruop for Analysis on Demand
t.me/MoonTradingForecast/38108
ALL SIGNALS LIVE UPDATE ON TELGRAM FREE
t.me/MoonTradingForecast
VIDEO ANALYSIS ON YOUTUBE FREE
youtube.com/@MoonTradingForecast
t.me/MoonTradingForecast/38108
ALL SIGNALS LIVE UPDATE ON TELGRAM FREE
t.me/MoonTradingForecast
VIDEO ANALYSIS ON YOUTUBE FREE
youtube.com/@MoonTradingForecast
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.
Join OUR VIP Gruop for Analysis on Demand
t.me/MoonTradingForecast/38108
ALL SIGNALS LIVE UPDATE ON TELGRAM FREE
t.me/MoonTradingForecast
VIDEO ANALYSIS ON YOUTUBE FREE
youtube.com/@MoonTradingForecast
t.me/MoonTradingForecast/38108
ALL SIGNALS LIVE UPDATE ON TELGRAM FREE
t.me/MoonTradingForecast
VIDEO ANALYSIS ON YOUTUBE FREE
youtube.com/@MoonTradingForecast
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.