Ethereum is currently navigating between critical levels, with a notable interaction around the highlighted POC and value area on the chart.
Analysis and Justification:
1. Initial Upside Target - $3689:
• The first orange arrow marks the $3689 level as the immediate target. This is a crucial zone near the point of control (POC) from the previous session, acting as a magnet for price.
• If bullish momentum continues, this area is likely to act as a resistance before any significant breakout or rejection.
2. Downside Move to $3670:
• After reaching $3689, the analysis suggests a potential fallback towards $3670.
• This level aligns with the lower value area and is a probable support zone where buyers may step in. A breach below this level could trigger further downside pressure.
You may long and short but follow the lines :D
Analysis and Justification:
1. Initial Upside Target - $3689:
• The first orange arrow marks the $3689 level as the immediate target. This is a crucial zone near the point of control (POC) from the previous session, acting as a magnet for price.
• If bullish momentum continues, this area is likely to act as a resistance before any significant breakout or rejection.
2. Downside Move to $3670:
• After reaching $3689, the analysis suggests a potential fallback towards $3670.
• This level aligns with the lower value area and is a probable support zone where buyers may step in. A breach below this level could trigger further downside pressure.
You may long and short but follow the lines :D
Trade active
as it approaches our tpo, its likely to see if it approaches as stated hereNote
Trade closed: target reached
ACHIEVED!
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The 〽️agic happens here: @MastaCryp
Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
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.
Official Telegram Channel : @mastaishere | 〽️agic Begins 🪄 with 〽️astaCrypta! |
Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
Accuracy and Precision?? - I just doodle and that's it 🪄
Join 〽️astaTrades & The Alchemy Syndicate ™ 🔮 Today!
The 〽️agic happens here: @MastaCryp
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.