EthereumLong
TECHNICAL analysis chart of Ethereum.next move possible
1. Support Zone (Blue Area at the Bottom) – This indicates a demand zone where price previously found buyers.
2. Resistance Levels (Red Lines at the Top) – These mark potential price targets or levels where selling pressure may increase.
3. Trendline (Black Line) – Shows an upward trend that was broken, suggesting a shift in momentum.
4. Entry and Target (Green and Red Box) – A long (buy) trade setup is illustrated, expecting a bounce from the support zone around $2,697.1, targeting around $2,776.7.
5. Arrow Projection – Suggests a potential bullish move after price touches the support zone.
Overall, this chart predicts a potential upward move if the price respects the support zone. Are you planning to trade this setup?
2. Resistance Levels (Red Lines at the Top) – These mark potential price targets or levels where selling pressure may increase.
3. Trendline (Black Line) – Shows an upward trend that was broken, suggesting a shift in momentum.
4. Entry and Target (Green and Red Box) – A long (buy) trade setup is illustrated, expecting a bounce from the support zone around $2,697.1, targeting around $2,776.7.
5. Arrow Projection – Suggests a potential bullish move after price touches the support zone.
Overall, this chart predicts a potential upward move if the price respects the support zone. Are you planning to trade this setup?
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.
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.