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Ethfi

ETHFI is still bearishBy the data we now have on the chart and the time that has passed, the structure becomes clearer From where we put the red arrow on the chart, it looks like the ETHFI correction has started. The degree of correction pattern seems to be large. We have a SWAP supply range, if the price reaches this range, we will look for sell/short positions. The targets are clear on the chart. Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
ETHFI Trade Analysis Trade Overview: ETHFI is at a critical support level, having tested this support line multiple times. Despite showing relative strength on the 24-hour and 7-day timeframes, the token has not moved up. A clear invalidation is a prominent close below this major support. Trade Setup: Entry: Enter a trade at $2.9. Take Profit: Set profit targets at $3.6 and $4.3. Stop Loss: Place the stop loss just below $2.7 to minimize potential losses. 📊🔍 Watch ETHFI's price action carefully, and be ready to adjust the strategy if it breaks below the support! #ETHFI #CryptoTrading #RiskManagement 🌐🔒
Long
by Richtv_official
ETHFIUSDT.1DAnalyzing the ETHFI/USDT chart, we find ourselves amidst a potentially pivotal market situation. Let's delve into the technical aspects shaping the current and future movements of ETHFI. Key Observations: Current Price and Trend: ETHFI/USDT is trading at $3.340, marking an increase of 2.05% today. The recent price trend shows a pattern of consolidation within a defined range. Support and Resistance Levels: R1 (Resistance Level 1): $3.118 - Recently surpassed, this level may now serve as a support in a role reversal scenario. R2 (Resistance Level 2): $5.157 - A significant upper resistance which, if approached, indicates a strong bullish momentum. S1 (Support Level 1): $2.318 - The primary support level; maintaining above this is crucial for the bullish case. Technical Indicators: MACD (Moving Average Convergence Divergence): Currently below the signal line, suggesting bearish momentum, though the histogram shows diminishing negative momentum. RSI (Relative Strength Index): Positioned at 42.89, near the lower end of the neutral range, hinting at potential undervaluation or a lack of strong buyer momentum. Analysis and Conclusion: With ETHFI/USDT breaching the R1 at $3.118, the market seems to be testing the strength of this breakout. The recent upward price movement is a positive sign, but for a robust bullish scenario, the price needs to stabilize above this level to confirm its new role as support. The next major target would then be R2 at $5.157, which would require significant buying pressure to achieve. On the flip side, should the price falter and fall back below the newly established support at R1, the next line of defense lies at S1 at $2.318. A drop below this level could intensify bearish sentiment, potentially leading to lower lows. Given the MACD and RSI readings, traders might remain cautious. The MACD suggests that while the immediate trend is bearish, the reducing negative momentum could hint at a weakening of the downward pressure. RSI levels indicate the market is not yet oversold, providing room either for further decline or a potential pivot if buyer interest increases. In summary, monitoring the price action around these critical levels and observing changes in MACD and RSI will be essential in the coming days. Traders should also keep an eye on broader market sentiment and any news specific to ETHFI that might affect trading dynamics. As always, implementing sound risk management strategies will be key in navigating the uncertainties of this market.
Long
by MarsSignals
ETHFI NEW UPDATEAfter the completion of wave A, which was a bullish rally, the price has now entered a correction phase. The correction phase corresponding to wave B looks like a large diametric that we are now completing wave E of. There is a green area on the chart, if the price reaches this area, we will enter a buy/long position The target can be the red supply box. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
ETHFI - Confirmed Breakout for a LONG trade$BINANCE:ETFIUSDT (4H CHART) Technical Analysis Update ETHFI is currently trading at $4.1 and showing overall bullish sentiment. Price has broken out from the resistance zone and showing a good bullish momentum. Our first target is around the resistance zone (4.3-4.4) and we can expect the price to reach around 4.8 This is a short term trade and if the price breaks below the support of 3.7 then bearish trend will continue and we will have a short trade opportunity. Entry level: $ 4.09 Stop Loss Level: $ TakeProfit 1: $ 4.224 TakeProfit 2: $ 4.352 TakeProfit 3: $ 4.481 TakeProfit 4: $ 4.684 TakeProfit 5: $ 4.862 Max Leverage: 3x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
ETHFI/USDT Ready to Capture the Liquidity Above? ETHFI Analysis 💎Paradisers, brace yourselves for a captivating shift in the #ETHFIUSDT market, hinting at a potential bullish surge from its current position. 💎Following a recent pushback from a strong supply zone, #Ether.fi has navigated through buy-side liquidity. This preparation might lead to a temporary dip before a robust rebound from the critical bullish support zone at $3.73. If CRYPTOCAP:ETHFI musters sufficient bullish momentum, we could witness a vigorous challenge to the upper supply zone, potentially surpassing it. 💎However, if #ETHFI struggles to hold its position within this key support zone, we might need to swiftly adjust our strategy. Plan B would then be activated, shifting our focus to a bullish engagement from a lower demand zone at $3.0. This juncture is pivotal—if CRYPTOCAP:ETHFI breaches this level, it may signal the onset of a bearish trend. 💎Stay focused and adaptable, Paradisers. Your ParadiseTeam is vigilantly monitoring the market and ready to steer you through the unfolding dynamics of the #Ether.fi market.
Long
by MyCryptoParadise_Simon
2
ETHFI looks bullishIt looks like we have three big ABC waves on the chart. Wave B has started from where we placed the red arrow on the chart. Wave B looks like a triangle and now it looks like we are at the end of wave d of B. After the completion of wave e of D, we can see the rising movements of the big C wave. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
ETHFI price clearly repeats the movement of BTC from rpreviousDuring the 2nd half of April, CRYPTOCAP:ETHFI buyers or its MMs tried to keep the price above $3.20 - not allowing it to update the lows. ↪️ On the one hand, it looks like a sign of "strength" ↩️ On the other hand, don't be too surprised if the price of $ETH.FI drops sharply to $3.11 or even $2.88 (too many "tasty stops" are hidden below $3.20 and can be hunted). You can even place pending limit orders to buy here and feel a little bit like MM :) In general, the #ETHFIUSDT chart is very similar to the #BTCUSDT price movement during 2021, and we copied the blue fractal from this period for clarity. That is, the bottom is somewhere close and there should be good growth ahead. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4