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Ethereum / TetherUS PERPETUAL CONTRACT

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ETHUSDT.P trade ideas

ETH - What's next ?#ETH/USDT #Analysis Description --------------------------------------------------------------- + ETH has been trading within a range for over 2 months now. + The highest price reached was around $2800, and the lowest was in the $2100 range. + Currently, the price is in a downtrend, heading towards the support zone around the $2200 level. + We can expect an immediate reversal from the $2200 range. + This seems to be the final downtrend for ETH, and once it bounces from the support, we can anticipate it reaching the resistance zone and potentially breaking out with ease. + Let's see how this scenario unfolds. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
2
ethusdt shortethusdt short Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position INSTRUCTIONS: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20 you have to learn, tireless. You have to make sacrifices to be a good trader: dedicate time, invest money, win some, lose some, invest money to train, you must never be discouraged.You must learn to one day be a winner and financially free.
Short
by RODDYTRADING
ETHUSDT.1DThe Ethereum (ETH/USDT) daily chart presents a fascinating study in technical resistance and consolidation phases, reflecting the complex dynamics currently at play in the cryptocurrency market. Key Observations: Descending Resistance: A key feature of the chart is the descending resistance line (R2) that has defined the downtrend since the highs earlier in the year. This line has repeatedly acted as a barrier to price advances. Support and Resistance Levels: The immediate resistance is marked by 'R1' at $2,829.29. If the price can surpass this level, it might attempt to approach the descending resistance line and possibly challenge higher resistance at 'R3' ($3,565.20). Support levels are currently defined by 'S1' at $2,101.09 and further down by 'S2', which while not visible on the current screen, is crucial for lower boundary assessments. Technical Indicators: Stochastic RSI: This indicator is nearing the oversold territory, suggesting potential for a bullish reversal or at least a stabilization if market sentiment can shift positively. MACD: The MACD line is below the signal line but shows a convergence that hints at a possible upcoming bullish crossover, suggesting an increase in upward momentum if sustained. Strategic Approach: Given the current market positioning, my approach would involve a cautious watch on the price action around 'R1'. A decisive close above this level could indicate a weakening in the bearish sentiment and might offer a trading opportunity targeting 'R2'. Conversely, should the price fail to break 'R1' and instead retreat towards 'S1', it would be prudent to consider defensive strategies, including potentially short positions, to capitalize on the downward movement. Conclusion: The ETH/USDT chart underscores a potentially pivotal moment for Ethereum. Traders should remain alert to the price action near these key technical levels and adjust their strategies accordingly. The near-oversold conditions of the Stochastic RSI combined with the MACD's behavior provide a nuanced picture that could favor bulls in the short term, provided other market conditions align. As always, maintaining rigorous risk management practices is essential, particularly in the volatile crypto markets, to protect against unforeseen shifts in market dynamics.
Long
by MarsSignals
1