ETH/USDT Long-Term Trend: Bullish
Key Resistance Levels: 2939.00, 3494,00, 4205.00
Key Support Levels: 2295.00, 1933.00, 1727.00
The price on the daily time frame is ranging between two key levels which are the daily support (2295 USDT), and the daily resistance (2939 USDT). We expect this to continue in the coming days. The market was rejected by the strong support which could lead to a move upward.
ETH/USDT Medium-Term Trend: Bullish
On the 4-hour time frame, the price managed to violate the bearish channel structure and broke it to the upside. A double bottom has been left which led to a move upward in the same direction of the main trend. A lower correction could be seen to the highlighted zone before the next impulsive wave.
Buy Limit Order @ 2457.00
TP 1 @ 2622.57
TP 2 @ 2939.00
Stop Loss @ 2375.09
Trade Safely 🙂