(ETH/USD) chart , showing support and resistance levels, price action analysis, and a potential long trade setup.
Key Features:
1. Support & Resistance Levels:
• Resistance: Around $2,840
• Support: Around $2,351 (Entry Zone)
2. Price Action:
• The market was range-bound for a while.
• A fakeout/liquidity grab occurred (highlighted in the orange circle).
• After that, the price dropped sharply.
3. Trade Setup:
• The price may reverse from the Entry Zone (~$2,351 - $2,285).
• A bullish structure could form, creating higher highs and higher lows.
• The target zone is around $2,840.
Key Features:
1. Support & Resistance Levels:
• Resistance: Around $2,840
• Support: Around $2,351 (Entry Zone)
2. Price Action:
• The market was range-bound for a while.
• A fakeout/liquidity grab occurred (highlighted in the orange circle).
• After that, the price dropped sharply.
3. Trade Setup:
• The price may reverse from the Entry Zone (~$2,351 - $2,285).
• A bullish structure could form, creating higher highs and higher lows.
• The target zone is around $2,840.
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.