ETHFIUSDT trade ideas
ETHFI, correction done, time for a GOOD RISE.ETHFI did the usual parabolic trim after reaching a peak of 8.0 +, then went on a good correction following the market's downtrend.
Today, based on recent long term data metrics, ETHFI is exhibiting a 'shifting' behavior. We maybe seeing a short squeeze soon (strong UPSIDE move) being developed around the current range.
Price is already at the heatzone / breakout point area and momentum is building up on this range.
Safe to seed now at this range.
Spotted at 3.50
TAYOR.
#ETHFI"Bullish Momentum Alert: Buy for Maximum Gains!"**Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions.
2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action.
3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis.
4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns.
5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses.
6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
ETHFI USD Could Potentially start a run here. After retracing from ATH's technicals are starting to point up. There is also very very low volatility right now, meaning volatility has contracted measurably. This could be the sign we are looking for along with a break of this DTL and we will be off to the races. Happy Hunting.
As always- This is not financial advice.
ETHFI looking extremely promisingThere's no need of much indicators to see price action on ETHFI. There seems to be an inmense and obvious change of trend. Price triple bottomed between 3.20usd and 3.30usd and printed three massive green candles in 6h graph that broke an imporant resistance of an horizontal channel where the price was trapped in since 14th April and broke the diagonal resistance of the downward trend that started when the price at 8.6usd on the 27th of March. Bulls will place several orders between 3.7usd and 4usd that is the fibo retracement of the current price.
Let's see if the market helps ETHFI look for new highs.
ETHFI ANALYSIS🔮 #ETHFI Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #ETHFI and perfectly retests the level. It's a 12hr time frame breakout and we will see more higher price in long-term.
💸Current Price -- $4.406
📈Target Price -- $8.092
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETHFI #Cryptocurrency #Breakout #DYOR
#ETHFI/USDT ANALYSIS ETHFI has broken out of the descending tri#ETHFI/USDT ANALYSIS
ETHFI has broken out of the descending triangle and is currently retesting above it. It is on the verge of breaking out of the Ichimoku cloud.
A successful retest or a breakout above the Ichimoku cloud would confirm bullish momentum. If the price retraces back into the triangle, we might witness further movement within its confines.