ETH/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 3840.86, 3960.49, 3961.00.
Key Support Levels: 3551.04, 3383.88, 3161.74.
The price on the higher time frame found support around the 3383.88 USDT mark where the market reversed and moved higher and managed to break the daily resistance (now support) around the 3551.04 USDT level. This could lead to a further move to the upside toward the target profit which is the 3840.86 USDT mark.
ETH/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the coin found buyers around the 50% Fibonacci retracement level signaling that the pullback ended. The market has moved higher with a big bullish bar. A lower correction could be seen to the 3551.04 USDT mark before a new impulsive wave toward the target profit.
Buy Limit Order @ 3558.25
TP 1 @ 3833.78
TP 2 @ 3960.49
Stop Loss @ 3456.58
Trade Safely 🙂