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🚀 $ETH /$BTC Setup: Bullish Reversal Signal From Key Support Zone! 🚀
✍️ The ETH/BTC M15 chart reveals a clear Change of Character (CHOCH) to the upside after tapping a strong Support Zone (0.030644 - 0.030700). Multiple bottom indicators are now aligning to confirm this potential bullish reversal:
RSI (14): Currently sitting at 38.66, showing selling exhaustion near the oversold boundary, which increases the likelihood of a bounce.
Volume: Volume is low during this consolidation phase, setting the stage for a breakout confirmation once a bullish volume spike occurs.
A/D (Accumulation/Distribution): Showing stabilization at the structural lows, hinting at strong accumulation within this key demand zone.
📊 Trade Setup Details:
Position: Long
Entry Range: Around 0.03065 - 0.03076
1st Target (1.TP): 0.031104 (15M FVG + Supply Zone)
2nd Target (2.TP): 0.031564
Stop Loss (SL): 0.030529 (Below the recent swing low)
#ETHBTC #TechnicalAnalysi #RSI #cryptotrading #BinanceSquare
🚀 $ETH /$BTC Setup: Bullish Reversal Signal From Key Support Zone! 🚀
✍️ The ETH/BTC M15 chart reveals a clear Change of Character (CHOCH) to the upside after tapping a strong Support Zone (0.030644 - 0.030700). Multiple bottom indicators are now aligning to confirm this potential bullish reversal:
RSI (14): Currently sitting at 38.66, showing selling exhaustion near the oversold boundary, which increases the likelihood of a bounce.
Volume: Volume is low during this consolidation phase, setting the stage for a breakout confirmation once a bullish volume spike occurs.
A/D (Accumulation/Distribution): Showing stabilization at the structural lows, hinting at strong accumulation within this key demand zone.
📊 Trade Setup Details:
Position: Long
Entry Range: Around 0.03065 - 0.03076
1st Target (1.TP): 0.031104 (15M FVG + Supply Zone)
2nd Target (2.TP): 0.031564
Stop Loss (SL): 0.030529 (Below the recent swing low)
#ETHBTC #TechnicalAnalysi #RSI #cryptotrading #BinanceSquare