🔥 ETHUSD Analysis: Potential Correction Ahead 📉
ETHUSD is showing signs of a possible correction across multiple timeframes – **Daily**, **4-hour**, and **1-hour** – with current bearish signals emerging.
📉 Current Price:** $1,780**
Potential Target:** $1,700 - $1,650 zone**
🔻 Key Levels to Watch:
🔹 **Immediate Support:** $1,750 - $1,700
🔹 **Resistance:** $1,800 - $1,850
🔒 Suggested Stop Loss:** Above $1,820**
📊 Technical Signals:
🔸 **RSI Falling:** Indicates weakening bullish momentum
🔸 **Descending Trendline:** Resistance holding strong
🔸 **Bearish Divergence:** Observed on the 4-hour chart
🔔 **Be sure to follow updated ideas for real-time insights!** 🔔
⏰ **Analysis Time:** ETHUSD across multiple timeframes.
⚖️ **Always set a Stop Loss** to protect your capital! 🚨
ETHUSD is showing signs of a possible correction across multiple timeframes – **Daily**, **4-hour**, and **1-hour** – with current bearish signals emerging.
📉 Current Price:** $1,780**
Potential Target:** $1,700 - $1,650 zone**
🔻 Key Levels to Watch:
🔹 **Immediate Support:** $1,750 - $1,700
🔹 **Resistance:** $1,800 - $1,850
🔒 Suggested Stop Loss:** Above $1,820**
📊 Technical Signals:
🔸 **RSI Falling:** Indicates weakening bullish momentum
🔸 **Descending Trendline:** Resistance holding strong
🔸 **Bearish Divergence:** Observed on the 4-hour chart
Pine Script®
ETHUSD is forming a descending triangle, increasing the likelihood of a bearish breakout toward the $1,650 support level.
- **Bearish View:** Expecting ETHUSD to drop to $1,650 if support at $1,700 fails.
- **Bullish View:** A breakout above $1,800 could push the price back toward $1,850 and beyond.
⚠️ **Note:** If ETHUSD falls below $1,650, we could see an extended correction to $1,600. ⚠️
🔔 **Be sure to follow updated ideas for real-time insights!** 🔔
⏰ **Analysis Time:** ETHUSD across multiple timeframes.
⚖️ **Always set a Stop Loss** to protect your capital! 🚨
🌳Indicator: bit.ly/2DJVXDn 💚
🦄telegram: 🟢 t.me/longbuylongsellindicator 🟢
✔️contact: t.me/wealthworldmajic
🎯web: no.com
🟠twitter : twitter.com/marxcbabu 💲
youtube.com/@marxcbabu/videos
🦄telegram: 🟢 t.me/longbuylongsellindicator 🟢
✔️contact: t.me/wealthworldmajic
🎯web: no.com
🟠twitter : twitter.com/marxcbabu 💲
youtube.com/@marxcbabu/videos
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.
🌳Indicator: bit.ly/2DJVXDn 💚
🦄telegram: 🟢 t.me/longbuylongsellindicator 🟢
✔️contact: t.me/wealthworldmajic
🎯web: no.com
🟠twitter : twitter.com/marxcbabu 💲
youtube.com/@marxcbabu/videos
🦄telegram: 🟢 t.me/longbuylongsellindicator 🟢
✔️contact: t.me/wealthworldmajic
🎯web: no.com
🟠twitter : twitter.com/marxcbabu 💲
youtube.com/@marxcbabu/videos
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.