ETH 1H
Updated
🔍 ETH/USDT Analysis: 1-Hour Timeframe 📉
The ETH/USDT chart on a 1-hour timeframe highlights significant upcoming dates where price movements may present trading opportunities. As always, it is crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market.
• August 24, 2024, 21:00, August 25, 2024, 21:00, August 28, 2024, 12:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• August 22, 2024, 21:00, August 25, 2024, 05:00, August 26, 2024, 15:00, August 29, 2024, 15:00 - Green Lines: These times indicate potential local lows, providing favorable conditions for accumulating ETH or entering long positions.
When working with this 1-hour timeframe, keep in mind that these movements should be evaluated with a global perspective, considering higher timeframes to better grasp the overall market trend.
For short-term, intraday, or scalp trades, consider analyzing lower timeframes.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
The ETH/USDT chart on a 1-hour timeframe highlights significant upcoming dates where price movements may present trading opportunities. As always, it is crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market.
• August 24, 2024, 21:00, August 25, 2024, 21:00, August 28, 2024, 12:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• August 22, 2024, 21:00, August 25, 2024, 05:00, August 26, 2024, 15:00, August 29, 2024, 15:00 - Green Lines: These times indicate potential local lows, providing favorable conditions for accumulating ETH or entering long positions.
When working with this 1-hour timeframe, keep in mind that these movements should be evaluated with a global perspective, considering higher timeframes to better grasp the overall market trend.
For short-term, intraday, or scalp trades, consider analyzing lower timeframes.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Trade closed: target reached
UPD:
• August 31, 2024, 12:00 AM - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits.
• September 2, 2024, 9:00 PM, September 4, 2024, 9:00 PM - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating ETH or entering long positions.
• September 9, 2024, 5:00 PM, September 13, 2024, 9:00 PM - Red Lines: These are additional times marking potential local peaks, suggesting moments to consider exiting positions before a downturn.
Note: The thick lines on the chart are derived from a 4-hour timeframe. When working with this 1-hour timeframe, remember to evaluate these movements within the broader market trend, considering higher timeframes for a more global perspective.
Yes
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.