Ethereum lost $2,000 support but still has one daily candle below it, unlike Bitcoin, which has two.
If ETH closes today’s candle above $2,000, the support remains intact, and we could see a bullish reversal.
If ETH fails to reclaim $2,000 and closes another candle below it, $1,758 becomes the next major support, with a possible drop to $1,550.
📊 Technical Indicator: RSI Divergence
RSI is showing an uptrend while the price is in a downtrend.
This indicates a hidden bullish divergence, meaning Ethereum could reverse upwards soon.
If Ethereum closes two daily candles above $2,000, it would confirm strength, leading to a potential rally.
🔍 Potential Market Impact:
CPI report tomorrow (March 12th) could affect Ethereum’s movement.
Bullish scenario: If ETH closes above $2,000, first targets are $2,200 → $2,550 → $2,850.
Bearish scenario: If ETH stays below $2,000, expect $1,758 or lower.
⚠️ Final Thoughts: Ethereum still has a chance to reclaim $2,000 and start a bullish move. If RSI divergence plays out, ETH could push towards $2,200 and beyond. Closing two daily candles above $2,000 is key.
🎥 What’s your ETH strategy? Holding or waiting for confirmation? Drop your thoughts below! 👇
XCN hit its first target of $0.015 (1.5 cents), reaching $0.01496 before pulling back slightly.
1.3 cents is a crucial support level. If XCN stays above it for 8+ hours, it maintains a bullish structure.
If XCN breaks $0.015, the next major resistance is $0.018, where a previous double top led to a strong downtrend.
📊 Technical Outlook:
XCN formed a double bottom, confirming strong support at 1 cent.
Breaking $0.018 and holding it for 2 days will confirm a trend reversal, potentially pushing XCN towards $0.022 and beyond.
Since XCN is a low-cap project, a breakout could lead to strong FOMO and rapid price movements.
🔍 What to Watch:
Staying above 1.3 cents for 8+ hours = Bullish continuation.
Breaking $0.015 = Next target $0.018, followed by $0.022.
If $0.018 is conquered and holds for 2 days, XCN could surge past $0.022 as more investors jump in.
⚠️ Final Thoughts: XCN looks bullish as long as it stays above 1.3 cents. A breakout above 1.8 cents will trigger a strong rally, leading to 2.2 cents and possibly 3.3 cents in a FOMO-driven move.
🎥 Are you bullish on XCN? Let me know your price target! 👇
Look for a bounce above $3.283 (MB) or a breakout above $3.333 (UP) for recovery toward $3.50 or higher.
Consider this a risky move until a clear reversal signal appears.
If Bearish:
Monitor for a break below $3.233 (DN). If this happens, the price could test lower levels, potentially near $3.00.
Momentum traders may capitalize on bearish sentiment but watch for signs of oversold conditions.
Final Thoughts👇👇💎
The current market suggests further downside risk, but volume levels indicate sustained interest in DEGO.
Keep an eye on the $3.233 support level and $3.333 resistance level for clearer trend signals. #Write2Earn! #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceLaunchpoolVANA #BinanceListsVelodrome