$ETH â 1H Candle Analysis
From your 1-hour chart:
đą Current price: ~2,407 USDT
Support: 2,369â2,390
Resistance: 2,430, then around 2,476
MA(7): 2,395 and MA(25): 2,401 â price is slightly above both.
MA(99): 2,476 â price is still below the longer-term average.
RSI(6): 61.69 â buying momentum has improved, but it isn't yet in the 70+ zone.
đŻïž Candle reading
The recent candles show buyers attempting a recovery after the drop toward 2,369. The latest green candle is positive, but the 2,430 area needs to be broken and closed above for stronger confirmation.
Simple structure:
2,476 đŽ Resistance
2,430 đŽ Resistance
2,407 đą Current
2,390 đĄ Short-term support
2,369 đą Stronger support
So, for learning purposes, watch the candle close around 2,430 and the reaction around 2,369â2,390 rather than judging the direction from one candle alone.
#btc90k #ETH
From your 1-hour chart:
đą Current price: ~2,407 USDT
Support: 2,369â2,390
Resistance: 2,430, then around 2,476
MA(7): 2,395 and MA(25): 2,401 â price is slightly above both.
MA(99): 2,476 â price is still below the longer-term average.
RSI(6): 61.69 â buying momentum has improved, but it isn't yet in the 70+ zone.
đŻïž Candle reading
The recent candles show buyers attempting a recovery after the drop toward 2,369. The latest green candle is positive, but the 2,430 area needs to be broken and closed above for stronger confirmation.
Simple structure:
2,476 đŽ Resistance
2,430 đŽ Resistance
2,407 đą Current
2,390 đĄ Short-term support
2,369 đą Stronger support
So, for learning purposes, watch the candle close around 2,430 and the reaction around 2,369â2,390 rather than judging the direction from one candle alone.
#btc90k #ETH
