📢 $ETH / $USDT | 🟢 LONG | ⭐ 77.7%
🎯 Objective: $1,935.04. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $1,916.69
🛑 Stop Loss: $1,905.68
🏁 TP1: $1,935.04
🏁 TP2: $1,938.71
🏁 TP3: $1,946.04
📈 Analysis:
$ETH shows a bullish alignment across all timeframes, with the ADX at 25.15 confirming the start of a solid trend. The bullish MACD crossover (a momentum indicator that measures the relationship between moving averages) along with buy absorption (BUY_ABSORPTION) in the volume profile suggests that price will try to break the immediate resistance at $1,919.02 after consolidating the confirmed triple bottom.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical Confidence: 5/5
The thesis is invalidated if the price breaks through the support of the EMAs, placing the stop loss below the EMA200 to avoid false breakdowns. Monitor volume at the entry level, since a sustained close above the current resistance will validate the continuation of the bullish momentum.
Do you think the current volume is enough to break the resistance with strength?
💡 This analysis is for educational purposes and is not financial advice. Do your own research and decide calmly.
#crypto #ETH #trading #Futures #Bullish
🎯 Objective: $1,935.04. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $1,916.69
🛑 Stop Loss: $1,905.68
🏁 TP1: $1,935.04
🏁 TP2: $1,938.71
🏁 TP3: $1,946.04
📈 Analysis:
$ETH shows a bullish alignment across all timeframes, with the ADX at 25.15 confirming the start of a solid trend. The bullish MACD crossover (a momentum indicator that measures the relationship between moving averages) along with buy absorption (BUY_ABSORPTION) in the volume profile suggests that price will try to break the immediate resistance at $1,919.02 after consolidating the confirmed triple bottom.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical Confidence: 5/5
The thesis is invalidated if the price breaks through the support of the EMAs, placing the stop loss below the EMA200 to avoid false breakdowns. Monitor volume at the entry level, since a sustained close above the current resistance will validate the continuation of the bullish momentum.
Do you think the current volume is enough to break the resistance with strength?
💡 This analysis is for educational purposes and is not financial advice. Do your own research and decide calmly.
#crypto #ETH #trading #Futures #Bullish