ETH/USDT Short-Term 1HHello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price moved sideways from the local downtrend line.
When we unfold the trend based fib extension tool, we can see a support zone from $1,790 to $1,776, and then we have a second zone from $1,753 to $1,737.
Looking the other way, you can see that the price is fighting in the resistance zone from $1,798 to $1,811, while it may continue towards the second zone from $1,848 to $1,867.
Please pay attention to the RSI indicator, which shows room for a price increase, but the STOCH indicator shows that the upper limit has been exceeded, which has stopped the current upward movement and may provide a rebound.
Ethusdy
ETHUSDT: Long Trade Explained
ETHUSDT
- Classic bullish setup
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy ETHUSDT
Entry Point - 1438.05
Stop Loss - 1226.62
Take Profit - 1757.52
Our Risk - 1%
Start protection of your profits from lower levels.
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ETHUSDT triangleprice is trading inside a triangle, that now is facing a strong resistance that SMA20 and 50 made and another descending resistance of short term trend. also RSI is facing resistance of HMA.
if #ETH failed to break above this zone and drop bellow the triangle we will see a dump to $1900 and even $1300 that will be a good opportunity to buy dip.
also there is a possibility to break out this resistance zone to go up and touch the resistance of triangle.