ETHUSDT
Daily
By examining the daily timeframe and considering the completion of the third superwave from the beginning of the upward movement, it can be said that the correction in the daily timeframe is not over yet.
Accordingly, it is expected that after the completion of the specified time frame and price growth up to the resistance level, it will be reformed again
According to the analysis of Bitcoin and the expectation of correction in its chart, the above scenario for this currency can also be considered logical and valid.
Daily
By examining the daily timeframe and considering the completion of the third superwave from the beginning of the upward movement, it can be said that the correction in the daily timeframe is not over yet.
Accordingly, it is expected that after the completion of the specified time frame and price growth up to the resistance level, it will be reformed again
According to the analysis of Bitcoin and the expectation of correction in its chart, the above scenario for this currency can also be considered logical and valid.
Note
ETHUSDT
4 hours
Examining the 4-hour timeframe, the ceiling range is seen at around $ 3240, and by comparing the two daily and 4-hour analyzes, we can see the validity of the specified resistance range.
Considering this resistance range as an important static range, it is expected that the market will enter the main correction again in 15 to 20 days and will continue to the expected limits
Given the above, the appropriate strategy for deciding on #ETH currency is as follows
Given the resistance range of $ 3240 for this currency, the long-term uptrend will not be confirmed as long as the price does not cross this range.
Due to the proximity of the price to the Trend range and also the important support of the $ 2000 range, buying this currency can be appropriate in the range of 2000-2200 dollars.
If you buy this currency at the announced price range or have it in your basket at a lower price, you can keep it at $ 2000 by observing the penetration loss.
In the event of a re-growth of the price according to the Bitcoin analysis and the resistance range of $ 45,000, if the price of this currency reaches the specified resistance level, a temporary exit from it until the continuation of the uptrend is confirmed is reasonable and appropriate.
Good luck
Cryptoclub Analytical Team
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.
Mr ChaRtist
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
Providing you with the best & most accurate analysis based on CryptoCurrency & Forex markets.
Follow us on Telegram at t.me/MrChaRtist2025
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.