ETH/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 3546.84, 3678.17, 3700.00.
Key Support Levels: 3383.88, 3161.74, 3100.00.
The price on the higher time frame could not break the daily support around the 3383.88 USDT mark and left a huge wick to the downside showing that the buyers took control of the market. Further upside movement is expected in the coming days.
ETH/USDT (Futures) Medium-Term Trend: Bullish
On the lower time frame, the coin broke the bullish pennant to the upside and then made a pullback to the 3383.88 USDT support. If found buyers around the 50% Fibonacci level which could lead to a new impulsive bullish wave toward the target profits.
Buy Limit Order @ 3389.02
TP 1 @ 3541.57
TP 2 @ 3678.17
Stop Loss @ 3338.60
Trade Safely 🙂