ETH Technical Analysis and Trading Strategies – March 19
Market Overview:
On the daily chart, ETH closed with a small positive line yesterday, continuing the short-term rising pattern.
However, the price is still below the moving averages, and despite the golden cross signal, the fast and slow lines are still below the zero axis, indicating a lack of strong bullish momentum.
The price action is more like a corrective move than a trend continuation, which means that traders should not misinterpret it as a bullish trend and enter long positions too early.
On the hourly chart, ETH has been consolidating in a narrow range with support at $1,870 and resistance at $1,970.
The market has not broken through the resistance or support levels, suggesting that range consolidation is ongoing.
Given this structure, it is important to keep an eye on potential volatility triggered by external news events, but eventually, ETH will likely resume its normal price action.
ETH Day Trading Strategy – March 19
Sell@1950📉
TP1: 1,870
TP2: 1840
TP3: 1820
In market trading, risk and opportunity go hand in hand. Your ability to seize opportunities depends on your market judgment. If you lack the skills to analyze the market and trade blindly, the risks will far outweigh the rewards.
I invite you to copy my trading signals or join my channel for stable signal support and consistent profits.
Market Overview:
On the daily chart, ETH closed with a small positive line yesterday, continuing the short-term rising pattern.
However, the price is still below the moving averages, and despite the golden cross signal, the fast and slow lines are still below the zero axis, indicating a lack of strong bullish momentum.
The price action is more like a corrective move than a trend continuation, which means that traders should not misinterpret it as a bullish trend and enter long positions too early.
On the hourly chart, ETH has been consolidating in a narrow range with support at $1,870 and resistance at $1,970.
The market has not broken through the resistance or support levels, suggesting that range consolidation is ongoing.
Given this structure, it is important to keep an eye on potential volatility triggered by external news events, but eventually, ETH will likely resume its normal price action.
ETH Day Trading Strategy – March 19
Sell@1950📉
TP1: 1,870
TP2: 1840
TP3: 1820
In market trading, risk and opportunity go hand in hand. Your ability to seize opportunities depends on your market judgment. If you lack the skills to analyze the market and trade blindly, the risks will far outweigh the rewards.
I invite you to copy my trading signals or join my channel for stable signal support and consistent profits.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
Related publications
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.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
Related publications
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.