Key Signals
Trend: Downtrend (4H chart) showing potential reversal signs.
RSI: 29 (Oversold) → Higher rebound probability.
MACD: Bullish crossover forming near zero line.
Critical Level: Resistance breakout at $1,781.77.
Action Plan
✅ Entry: $1,780.00
✋ Stop-Loss: $1,765.00 (0.8% risk)
🎯 Take-Profit:
TP1: $1,800.00 (1.1% gain)
TP2: $1,820.00 (2.2% gain)
Why Now?
Oversold Bounce: RSI divergence suggests selling exhaustion.
Volume Spike: 18% increase in buy orders at $1,775 support.
Macro Context: ETH futures open interest rising ahead of ETF decision.
Risk Warning
⚠️ Upcoming US CPI data (May 8) may increase volatility. Hedge with 2% portfolio max exposure.
Tools Used: TradingView (Bitget data) + AI pattern detection.
Trend: Downtrend (4H chart) showing potential reversal signs.
RSI: 29 (Oversold) → Higher rebound probability.
MACD: Bullish crossover forming near zero line.
Critical Level: Resistance breakout at $1,781.77.
Action Plan
✅ Entry: $1,780.00
✋ Stop-Loss: $1,765.00 (0.8% risk)
🎯 Take-Profit:
TP1: $1,800.00 (1.1% gain)
TP2: $1,820.00 (2.2% gain)
Why Now?
Oversold Bounce: RSI divergence suggests selling exhaustion.
Volume Spike: 18% increase in buy orders at $1,775 support.
Macro Context: ETH futures open interest rising ahead of ETF decision.
Risk Warning
⚠️ Upcoming US CPI data (May 8) may increase volatility. Hedge with 2% portfolio max exposure.
Tools Used: TradingView (Bitget data) + AI pattern detection.
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.