đ $ETH is showing a potential technical setup!
The monthly chart for ETH/USDT on Bitget is displaying a macro recovery structure, consolidating above multi-year support levels with a projected upward trajectory.
đ The Technical Setup:
⢠The Pattern: Macro harmonic pattern structure with upward continuation projection
⢠Short-term Target: $3,500.00
⢠Macro Objective: $5,800.00
⢠Market Structure: Consolidation / Macro Reversal
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: $2,200.00 - $2,350.00
⢠Resistance: $3,200.00 - $3,500.00
⢠Breakout Level: $3,000.00
⢠Stop Loss / Invalidation: $1,900.00
đ Confirmation:
⢠Volume: Neutral/standard volume on monthly timeframe
⢠Momentum: Bullish recovery candles forming off local macro support
⢠Trend: Higher timeframe consolidation following a macro cyclical low
â ď¸ Invalidation:
A decisive monthly close below the $1,900.00 support level would invalidate the current macro bullish projection.
The monthly chart indicates a potential setup for long-term accumulation, requiring patience as price tests key macro technical thresholds.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#ETH #crypto #BinanceSquare #tradingview #TechnicalAnalysis
The monthly chart for ETH/USDT on Bitget is displaying a macro recovery structure, consolidating above multi-year support levels with a projected upward trajectory.
đ The Technical Setup:
⢠The Pattern: Macro harmonic pattern structure with upward continuation projection
⢠Short-term Target: $3,500.00
⢠Macro Objective: $5,800.00
⢠Market Structure: Consolidation / Macro Reversal
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: $2,200.00 - $2,350.00
⢠Resistance: $3,200.00 - $3,500.00
⢠Breakout Level: $3,000.00
⢠Stop Loss / Invalidation: $1,900.00
đ Confirmation:
⢠Volume: Neutral/standard volume on monthly timeframe
⢠Momentum: Bullish recovery candles forming off local macro support
⢠Trend: Higher timeframe consolidation following a macro cyclical low
â ď¸ Invalidation:
A decisive monthly close below the $1,900.00 support level would invalidate the current macro bullish projection.
The monthly chart indicates a potential setup for long-term accumulation, requiring patience as price tests key macro technical thresholds.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#ETH #crypto #BinanceSquare #tradingview #TechnicalAnalysis
