Ethereum Analysis: Death Cross in Play
Hey, TradingView family! 🚨
I’m sharing my latest analysis of ETH/USDT on the 4-hour chart. We’ve just witnessed a Death Cross (the 50 EMA crossing below the 200 EMA), a classic bearish signal. 📉
Key points:
The price is forming a descending triangle, often a continuation pattern signaling more downside.
The projected move from this pattern suggests a drop to $2,921, aligning with the measured move from the triangle.
Recent resistance around $3,346 seems to confirm sellers are in control. If we break below the $3,159 support, further downside could accelerate.
Keep an eye on: 1️⃣ Volume confirmation on breakdowns. 2️⃣ Support levels around $3,178 and $3,113 before hitting the target zone.
Trade safe, everyone! Let me know your thoughts or if you see any alternative setups.
#ETHUSDT #Crypto #Trading #TechnicalAnalysis
I’m sharing my latest analysis of ETH/USDT on the 4-hour chart. We’ve just witnessed a Death Cross (the 50 EMA crossing below the 200 EMA), a classic bearish signal. 📉
Key points:
The price is forming a descending triangle, often a continuation pattern signaling more downside.
The projected move from this pattern suggests a drop to $2,921, aligning with the measured move from the triangle.
Recent resistance around $3,346 seems to confirm sellers are in control. If we break below the $3,159 support, further downside could accelerate.
Keep an eye on: 1️⃣ Volume confirmation on breakdowns. 2️⃣ Support levels around $3,178 and $3,113 before hitting the target zone.
Trade safe, everyone! Let me know your thoughts or if you see any alternative setups.
#ETHUSDT #Crypto #Trading #TechnicalAnalysis
עסקה פעילה
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.