ETH is testing the strong level of 1840.PatternThe probable pattern here is closely related to the labor market report. We have data coming out on unemployment in the US.
In addition, today the stock exchanges of the US, European countries, and Hong Kong are closed due to the Good Friday holiday.
What pattern?
We have a strong support level + negativity ahead of important data.
Very often, things work the other way around for us. If prices are pushed down before important events, we get a positive market reaction at the event. This also works in reverse, if we grow before an event, the market reacts negatively afterwards.
Today, I am considering the probability of this pattern after the data is released. If we go below 1840 (a confirmed drop, not a fake one), then the scenario of an upward trend takes a "back seat".
Stronglevel
SOLANA undervalue areas for buyHi guys.
solana ecosystem record a high TVL in past month and have a potential to grow in coming months.
but we are in a downtrend now and altcoins loss their marketcap in this cycle.
after SOL reach strong resistance in 45$ react and go down again and cant support in 40 support level.
so we reach under this level and we have a good support in around 35$.
i think we will see a strong support in this level and a good area FOR BUY ONE STEP.
after that if we see demand signs we could buy another step or if not we buy a step in lower prices like 28 or 25$.
remember the ecosystem TVL growing and have a good potential too pump up after FOMC place its interest rate and market
eat it :)
ETH/USDT - Work in a triangle, strong level (magnet)Today, I will continue yesterday's analysis on the ETHER.
As I wrote, we have a slice magnetic level, after which an impulse happened.
The targets are set correctly, and at this time, as well as yesterday, I also expect a breakdown of this wedge (ascending) triangle, and the price hike to the values that I indicated for you on the chart.
I am not fixing profit yet, I will only move the stop loss to 725.
Be attentive - as some indicators have not moved yet - and this may mean a false breakout, and a return in price.
If you are not yet in position - wait for the price breakout behind this triangle, creep above it by 4h TF and volume - then long, definitely.
If this does not happen, the price will go down to the magnetic level, and the price will be broken down until the $ 700 update for 1 ETH