TradeCityPro | ETHFI : Breakout and Bullish Momentum👋 Welcome to TradeCityPro!
In this analysis, I will review the ETHFI coin. This platform is one of the most significant DeFi platforms with a high TVL (Total Value Locked).
📅 Daily Timeframe: Breakout of the Range and Start of an Uptrend
In the daily timeframe, after a sharp drop to the 1.202 support, a range box formed between 1.202 and 1.865.
✨ Following this consolidation within the range and with increasing buying volume, the 1.865 resistance was broken. Currently, after testing the 2.556 resistance once, the second attempt has successfully broken it. The next significant resistance on the chart is 3.264.
📈 After the breakout, volume has gradually decreased, and candle sizes are shrinking, indicating potential weakness in the trend and increasing the probability of a correction.
🔑 On the other hand, the RSI is nearing the Overbought zone, and if it manages to stabilize above 70, the likelihood of a sharp upward move will increase significantly.
🚀 In the case of a sharp move, the next targets are 5.128 and 7.907. If 7.907 is broken, a new ATH (All-Time High) is likely to be established.
🔽 In the case of a correction, the first significant support is at 1.865, and if this area breaks, market momentum will dissipate.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ETHFIUSDT
ETHFI is bullish (1D)The correction of ETHFI has started from the place where we have placed the red arrow on the chart.
The correction seems diametrical now that the G wave is over.
We have specified two entry points, which can be entered into BUY/LONG position in case of reversal.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate this 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
#ETHFI (SPOT) Entry ( 1.220- 1.620) T. (4.730) SL(.1.187)BINANCE:ETHFIUSDT
entry range ( 1.220- 1.620)
Target1 (2.405) - Target2 (3.151)- Target3 (3.830)- Target4 (4.730)
SL .1D close below (1.187)
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Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
Useful Tags.
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ETHFI/USDT CHART UPDATE !!ETHFI/USDT Trade Setup Update:-
ETHFI has broken out from a descending triangle pattern and confirmed support with a successful retest. The Ichimoku Cloud provides a strong foundation below, reinforcing the bullish setup. Combined with strong support, this structure suggests that ETHFI is primed for a potential upward move. Keep an eye on volume and key resistance levels as this breakout unfolds.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
ETHFI/USDT PLAN ETHFI/USDT is breaking out from a significant horizontal resistance level. This could signal a solid upward move in the coming days as momentum builds. Keep an eye on trading volume and any potential pullbacks for entry opportunities. Remember, this is not financial advice; always do your own research (DYOR) before making any decisions.
ETHFIUSDT Double Bottom: Preparing for a Strong Bullish MoveETHFIUSDT technical analysis update
ETHFIUSDT has formed a classic double-bottom pattern, indicating a potential reversal in its price trend. This formation, often seen as a bullish signal, suggests that the recent lows have established strong support. As the price approaches the neckline resistance, a breakout could trigger significant upward momentum.
Regards
Hexa
ETHFIUSDT Bullish TriangleETHFIUSDT technical analysis update
ETHFI price has formed a triangle pattern on the 4-hour chart and is moving towards a breakout at the triangle's resistance. Once the breakout is confirmed, we can expect a strong bullish move in ETHFI.
Buy zone : Below $1.51
Stop loss : $1.40
Regards
Hexa
#ETHFI/USDT SPOT LONG ENTRY#ETHFI/USDT SPOT LONG ENTRY🐳
Leverage: 3x
Entries: $1.469
Take profit 1: $1.539
Take profit 2: $1.746
Take profit 3: $2.103
Stop Loss: $1.297
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
BINANCE:ETHFIUSDT
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
Could #Ethfi have seen the bottom now?CRYPTOCAP:ETHFI 1D chart;
Continues to be under pressure from the falling channel and seems to have failed on its 3rd attempt (for now)
For now, because it has created a mismatch by making a rising bottom on the RSI side.
We may see positive movement after a possible recovery on the Bitcoin side.
Otherwise, $ 0.97 will be the next support level.
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 🌐🔒
ETHFIUSDT following BTCUSDT to test its lows?Hi there traders
We received a new signals from the EnF Breakout Strategy:
SHORT on MANTAUSDT
See idea for breakout entry, targets and stoploss
Only enter the trade when the price breaks below entry
Check out more on the script:
To get access to this script, DM me
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 $2.318. A drop below this level could intensify bearish sentiment, potentially leading to lower lows.
Given the MACD and RSI readings, traders might remain cautious. The MACD suggests that while the immediate trend is bearish, the reducing negative momentum could hint at a weakening of the downward pressure. RSI levels indicate the market is not yet oversold, providing room either for further decline or a potential pivot if buyer interest increases.
In summary, monitoring the price action around these critical levels and observing changes in MACD and RSI will be essential in the coming days. Traders should also keep an eye on broader market sentiment and any news specific to ETHFI that might affect trading dynamics. As always, implementing sound risk management strategies will be key in navigating the uncertainties of this market.
ETHFI NEW UPDATEAfter the completion of wave A, which was a bullish rally, the price has now entered a correction phase.
The correction phase corresponding to wave B looks like a large diametric that we are now completing wave E of.
There is a green area on the chart, if the price reaches this area, we will enter a buy/long position
The target can be the red supply box.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETHFI - Confirmed Breakout for a LONG trade$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.
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Cheers
GreenCrypto
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.