ETH/USDT: Prime Buy and Sell Signals with Confirmations
AlexGold Hunter 
ETHUSDT Technical Analysis and Strategy for Ethereum (ETH) against Tether (USDT) on a 15-Minute Timeframe
Technical Analysis:
Price Levels and Key Zones:
Current Price: 3,711.51 USDT
Key Price Levels:
Resistance: 3,719.63 USDT, 3,739.08 USDT
Support: 3,703.61 USDT, 3,689.73 USDT
Break of Structure (BOS) and Change of Character (CHoCH):
Multiple BOS and CHoCH points are marked, indicating significant shifts in market structure and potential reversal points.
Fair Value Gaps (FVG):
Several FVGs are marked, indicating areas where price may return to fill gaps.
Indicators:
RSI (Relative Strength Index): Around 48.40, indicating a neutral market condition.
MACD (Moving Average Convergence Divergence): The MACD line is slightly above the signal line, suggesting potential bullish momentum. However, the histogram shows a decreasing trend, indicating weakening momentum.
Buy Strategy:
Confirmation:
Look for price action confirming support at 3,703.61 USDT or 3,689.73 USDT.
Ensure the RSI is below 30 or showing a bullish divergence.
Wait for the MACD line to cross above the signal line with increasing histogram bars, confirming bullish momentum.
Entry:
Enter a buy position when the price confirms support and the indicators align.
Place a stop-loss below the recent support level at 3,703.61 USDT.
Target:
Set the first target at the nearest resistance level, 3,719.63 USDT.
If the price breaks above the resistance, trail the stop-loss to lock in profits and aim for the next resistance level, 3,739.08 USDT.
Sell Strategy:
Confirmation:
Look for price action confirming resistance at 3,719.63 USDT or 3,739.08 USDT.
Ensure the RSI is above 70 or showing a bearish divergence.
Wait for the MACD line to cross below the signal line with decreasing histogram bars, confirming bearish momentum.
Entry:
Enter a sell position when the price confirms resistance and the indicators align.
Place a stop-loss above the recent resistance level at 3,719.63 USDT.
Target:
Set the first target at the nearest support level, 3,703.61 USDT.
If the price breaks below the support, trail the stop-loss to lock in profits and aim for the next support level, 3,689.73 USDT.
Summary of Signals:
Buy Signal:
Entry: Above 3,703.61 USDT or near 3,689.73 USDT
Exit/Take Profit (TP): 3,719.63 USDT, 3,739.08 USDT
Stop Loss: Below 3,703.61 USDT
Sell Signal:
Entry: Below 3,719.63 USDT or near 3,739.08 USDT
Exit/Take Profit (TP): 3,703.61 USDT, 3,689.73 USDT
Stop Loss: Above 3,719.63 USDT
This analysis provides a comprehensive view of the current market conditions and offers a strategic approach for both buying and selling based on technical indicators and key price levels. If you have any further questions or need additional analysis, feel free to ask! 😊
ETHUSDT Technical Analysis and Strategy for Ethereum (ETH) against Tether (USDT) on a 15-Minute TimeframeTechnical Analysis:
Price Levels and Key Zones:
Current Price: 3,711.51 USDT
Key Price Levels:
Resistance: 3,719.63 USDT, 3,739.08 USDT
Support: 3,703.61 USDT, 3,689.73 USDT
Break of Structure (BOS) and Change of Character (CHoCH):
Multiple BOS and CHoCH points are marked, indicating significant shifts in market structure and potential reversal points.
Fair Value Gaps (FVG):
Several FVGs are marked, indicating areas where price may return to fill gaps.
Indicators:
RSI (Relative Strength Index): Around 48.40, indicating a neutral market condition.
MACD (Moving Average Convergence Divergence): The MACD line is slightly above the signal line, suggesting potential bullish momentum. However, the histogram shows a decreasing trend, indicating weakening momentum.
Buy Strategy:
Confirmation:
Look for price action confirming support at 3,703.61 USDT or 3,689.73 USDT.
Ensure the RSI is below 30 or showing a bullish divergence.
Wait for the MACD line to cross above the signal line with increasing histogram bars, confirming bullish momentum.
Entry:
Enter a buy position when the price confirms support and the indicators align.
Place a stop-loss below the recent support level at 3,703.61 USDT.
Target:
Set the first target at the nearest resistance level, 3,719.63 USDT.
If the price breaks above the resistance, trail the stop-loss to lock in profits and aim for the next resistance level, 3,739.08 USDT.
Sell Strategy:
Confirmation:
Look for price action confirming resistance at 3,719.63 USDT or 3,739.08 USDT.
Ensure the RSI is above 70 or showing a bearish divergence.
Wait for the MACD line to cross below the signal line with decreasing histogram bars, confirming bearish momentum.
Entry:
Enter a sell position when the price confirms resistance and the indicators align.
Place a stop-loss above the recent resistance level at 3,719.63 USDT.
Target:
Set the first target at the nearest support level, 3,703.61 USDT.
If the price breaks below the support, trail the stop-loss to lock in profits and aim for the next support level, 3,689.73 USDT.
Summary of Signals:
Buy Signal:
Entry: Above 3,703.61 USDT or near 3,689.73 USDT
Exit/Take Profit (TP): 3,719.63 USDT, 3,739.08 USDT
Stop Loss: Below 3,703.61 USDT
Sell Signal:
Entry: Below 3,719.63 USDT or near 3,739.08 USDT
Exit/Take Profit (TP): 3,703.61 USDT, 3,689.73 USDT
Stop Loss: Above 3,719.63 USDT
This analysis provides a comprehensive view of the current market conditions and offers a strategic approach for both buying and selling based on technical indicators and key price levels. If you have any further questions or need additional analysis, feel free to ask! 😊
Alex Gold Hunter
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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.
Alex Gold Hunter
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
Related publications
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.