๐ ETH/USD Trade Setup: Bullish RSI Divergence (Watchlist) ๐
Ethereum is forming a potential reversal structure on the 1H timeframe!
๐ Technical Highlights:
Bullish RSI Divergence: Price made a lower low while RSI formed a higher lowโindicating selling pressure is weakening! ๐โก๏ธ๐
Trendline Resistance: Price is currently testing the descending trendline. A confirmed 1H candle close above resistance is required for breakout validation.
๐ Trade Setup Parameters:
Entry Zone: $1,855 โ $1,858 (Or wait for breakout confirmation above trendline)
Target 1 (TP1): $1,908.11 ๐ฏ
Target 2 (TP2): $1,940.00 ๐ฏ
Target 3 (TP3): $1,962.90 ๐ฏ
Stop Loss (SL): $1,835.40 ๐ก๏ธ
โ ๏ธ Risk Management: Trendline breakout is NOT confirmed yet. Trade carefully with strict stop-losses. DYOR!
#ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ #RSIDivergence #CryptoTrading #TechnicalAnalysis
Ethereum is forming a potential reversal structure on the 1H timeframe!
๐ Technical Highlights:
Bullish RSI Divergence: Price made a lower low while RSI formed a higher lowโindicating selling pressure is weakening! ๐โก๏ธ๐
Trendline Resistance: Price is currently testing the descending trendline. A confirmed 1H candle close above resistance is required for breakout validation.
๐ Trade Setup Parameters:
Entry Zone: $1,855 โ $1,858 (Or wait for breakout confirmation above trendline)
Target 1 (TP1): $1,908.11 ๐ฏ
Target 2 (TP2): $1,940.00 ๐ฏ
Target 3 (TP3): $1,962.90 ๐ฏ
Stop Loss (SL): $1,835.40 ๐ก๏ธ
โ ๏ธ Risk Management: Trendline breakout is NOT confirmed yet. Trade carefully with strict stop-losses. DYOR!
#ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ #RSIDivergence #CryptoTrading #TechnicalAnalysis
