1. Main Trend
Currently, the 1-hour timeframe shows a sideways/weakly bullish trend:
After a price drop, there is a recovery toward the moving average, but without clear directionality.
Price is above the 200 SMA but lacks a strong momentum.
2. Key Levels
Supports: 2,580 (200-period moving average and previous congestion area), 2,550 (local low and lower Bollinger Band).
Resistances: 2,663 (50-period moving average and upper Bollinger Band), 2,718 (recent local high).
Potential breakouts: A significant breakout above 2,663 could open the way toward 2,718–2,750; conversely, a breakdown below 2,580–2,550 increases downside risk.
3. Technical Indicators
RSI: Currently at 48, generally neutral (neither overbought nor oversold), indicating no extremes.
MACD: MACD and Signal lines are very close and below zero, with no clear crossover; signals weakness/indecision.
Bollinger Bands: Price has re-entered the bands after a downward extension; volatility is contracting.
4. Risk/Reward & Trade Signal
Direction: Long (moderate) — opportunity for a technical bounce at the support area.
Entry: 2,605–2,615 (just above static and dynamic support).
Stop-loss: 2,579 (slightly below the recent low and the 200 SMA).
Take-profit 1: 2,663 (first target, aligns with the 50 SMA and immediate resistance).
Take-profit 2: 2,718 (recent high for an extended move).
Confidence: Medium (no strong signals, but a good setup for a technical rebound).
Additional notes: No distinctly bullish or bearish patterns, but there is an attempt to hold support with a possible rebound. Watch for low volatility and potential “fake moves” as price interacts with the moving averages. This trade is suited for intraday/short-term strategies.
Trade Signal Summary
Parameter Value
Asset ETHUSDTPERP
Direction Long
Entry 2,605–2,615
Stop-loss 2,579
Take-profit 1 2,663
Take-profit 2 2,718
Confidence Medium
Notes Rebound at 200 SMA and key support, watch for potential fake breakouts.
If the price decisively breaks and closes below 2,579, the strategy should be reconsidered and a short position might be evaluated.
Currently, the 1-hour timeframe shows a sideways/weakly bullish trend:
After a price drop, there is a recovery toward the moving average, but without clear directionality.
Price is above the 200 SMA but lacks a strong momentum.
2. Key Levels
Supports: 2,580 (200-period moving average and previous congestion area), 2,550 (local low and lower Bollinger Band).
Resistances: 2,663 (50-period moving average and upper Bollinger Band), 2,718 (recent local high).
Potential breakouts: A significant breakout above 2,663 could open the way toward 2,718–2,750; conversely, a breakdown below 2,580–2,550 increases downside risk.
3. Technical Indicators
RSI: Currently at 48, generally neutral (neither overbought nor oversold), indicating no extremes.
MACD: MACD and Signal lines are very close and below zero, with no clear crossover; signals weakness/indecision.
Bollinger Bands: Price has re-entered the bands after a downward extension; volatility is contracting.
4. Risk/Reward & Trade Signal
Direction: Long (moderate) — opportunity for a technical bounce at the support area.
Entry: 2,605–2,615 (just above static and dynamic support).
Stop-loss: 2,579 (slightly below the recent low and the 200 SMA).
Take-profit 1: 2,663 (first target, aligns with the 50 SMA and immediate resistance).
Take-profit 2: 2,718 (recent high for an extended move).
Confidence: Medium (no strong signals, but a good setup for a technical rebound).
Additional notes: No distinctly bullish or bearish patterns, but there is an attempt to hold support with a possible rebound. Watch for low volatility and potential “fake moves” as price interacts with the moving averages. This trade is suited for intraday/short-term strategies.
Trade Signal Summary
Parameter Value
Asset ETHUSDTPERP
Direction Long
Entry 2,605–2,615
Stop-loss 2,579
Take-profit 1 2,663
Take-profit 2 2,718
Confidence Medium
Notes Rebound at 200 SMA and key support, watch for potential fake breakouts.
If the price decisively breaks and closes below 2,579, the strategy should be reconsidered and a short position might be evaluated.
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.