EthereumLong
Target: $3800. Local review of the pair Eth/Usd 19.01.25
Updated
Good evening, dear friends!
Local review of eth/usd pair from 19.01.25:
On ether I don't see any prerequisites for working from a short. The price is currently moving inside the local “triangle”, compressing the spring. The main volume level is marked in yellow color. If it is broken and, in case there is no excessive supply of sellers ~3500$, I expect the up-trend to continue on aggressive purchases to the price range of 3750-3850$.
The second scenario, unlikely:
Breaking through the lower accumulation boundary and going beyond $3072. This would indicate the strength of sellers and lack of sufficient buyer demand. That is where we should have a stop-loss on the position.
Translated with DeepL.com (free version)
Local review of eth/usd pair from 19.01.25:
On ether I don't see any prerequisites for working from a short. The price is currently moving inside the local “triangle”, compressing the spring. The main volume level is marked in yellow color. If it is broken and, in case there is no excessive supply of sellers ~3500$, I expect the up-trend to continue on aggressive purchases to the price range of 3750-3850$.
The second scenario, unlikely:
Breaking through the lower accumulation boundary and going beyond $3072. This would indicate the strength of sellers and lack of sufficient buyer demand. That is where we should have a stop-loss on the position.
Translated with DeepL.com (free version)
Trade active
#Eth
The scenario on ether also remains the same. I believe that by the end of January we will see a breakdown of the upper boundary of accumulation and growth on aggressive volume up to 3800-4000$. Don't forget about risk management!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.