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Selling ETHUSD : Strategic Entry Points and Take Profit Levels
#ETHUSDT #ETHUSDT. #ethusd #BinanceSquareFamily #Binancepen_spark
For traders looking to capitalize on the current market dynamics, a selling opportunity for ETHUSD has been identified in the range of **$2,680 - $2,700**.
This strategy was shared on **Friday, September 27, 2024**, at **12 PM EST**. A **stop loss** is recommended at **$2,740**, while a **break-even** point is set at **$2,675**.
The proposed take profit levels are strategically placed to optimize gains at various price points. The first target is at **$2,660**, followed by **$2,640** for the second target. The third take profit is positioned at **$2,620**, and the fourth at **$2,600**.
Additional targets include **$2,580**, with more long-term targets set at **$2,480**, **$2,380**, and **$2,080**.
This structured approach provides multiple exit points for traders to secure profits as the market fluctuates.
Conclusion :
For those following Richard Eyo, also known as "The Wizard," this strategy offers a well-defined plan for selling **ETHUSD**. Traders should monitor the market closely and be prepared to adjust their positions based on price movements to maximize profitability.
Advice for Investors :
Stay disciplined with your stop loss and be strategic about your take profits to ensure you capture gains while minimizing risks.
#ETHUSDT #ETHUSDT. #ethusd #BinanceSquareFamily #Binancepen_spark
For traders looking to capitalize on the current market dynamics, a selling opportunity for ETHUSD has been identified in the range of **$2,680 - $2,700**.
This strategy was shared on **Friday, September 27, 2024**, at **12 PM EST**. A **stop loss** is recommended at **$2,740**, while a **break-even** point is set at **$2,675**.
The proposed take profit levels are strategically placed to optimize gains at various price points. The first target is at **$2,660**, followed by **$2,640** for the second target. The third take profit is positioned at **$2,620**, and the fourth at **$2,600**.
Additional targets include **$2,580**, with more long-term targets set at **$2,480**, **$2,380**, and **$2,080**.
This structured approach provides multiple exit points for traders to secure profits as the market fluctuates.
Conclusion :
For those following Richard Eyo, also known as "The Wizard," this strategy offers a well-defined plan for selling **ETHUSD**. Traders should monitor the market closely and be prepared to adjust their positions based on price movements to maximize profitability.
Advice for Investors :
Stay disciplined with your stop loss and be strategic about your take profits to ensure you capture gains while minimizing risks.
Detailed Technical Analysis for Ethereum (ETH/USD)
#ethusd $ETH
Current Chart Overview
- Price: $2,549.54
- 24-hour High: $2,549.54
- 24-hour Low: $2,465.68
- 24-hour Change: +3.40%
Indicators
RSI (Relative Strength Index)
- Current RSI: 55.91
- Observation: RSI indicates moderate bullish momentum, sitting comfortably in the middle range, with potential for further upside before becoming overbought.
MACD (Moving Average Convergence Divergence)
- MACD Line: 31.24
- Signal Line: 22.76
- Histogram: Positive, indicating growing bullish momentum.
- Observation: The MACD shows a bullish crossover, with the MACD line rising above the signal line. This signals the continuation of the recent upward trend, supported by the positive histogram.
Volume
- Observation: Current volume at 30.947K is steady but not significantly elevated. A higher volume breakout could validate further upward movement.
Support and Resistance Levels
- Immediate Resistance: $2,600
- Next Major Resistance: $2,800
- Immediate Support: $2,465
- Next Major Support: $2,350
Chart Patterns
- The chart is showing signs of a short-term bottom around the $2,465 support level, followed by higher lows, suggesting a potential reversal in the near term.
One Week Prediction
Bullish Scenario
- Breaking Above $2,600
- If ETH breaks above $2,600, the next target could be $2,800, where it faces a significant resistance zone. Sustained buying pressure and a confirmed increase in volume could propel prices toward this level.
- Volume Confirmation
- Volume will need to increase beyond current levels to confirm a breakout above the $2,600 mark.
Bearish Scenario
- Failure to Break $2,600
- If ETH fails to break above $2,600, it could retest the $2,465 support level. A failure to hold this support could push the price down toward $2,350.
- Increasing Volume on Downtrend
- A surge in selling volume during a retest of $2,465 could suggest further downside risk.
Summary
- Short-Term Trend: Slightly bullish with the potential for further upside if key resistance levels are broken.
- Key Levels to Watch: $2,600 for bullish continuation, $2,465 as key support.
- Indicators: MACD and RSI both suggest bullish momentum, though volume will need to increase to confirm further upward movement.
This detailed analysis provides insights into potential movements of Ethereum (ETH/USD). Keep an eye on the key support and resistance levels and the associated volume trends to make informed trading decisions.
Current Chart Overview
- Price: $2,549.54
- 24-hour High: $2,549.54
- 24-hour Low: $2,465.68
- 24-hour Change: +3.40%
Indicators
RSI (Relative Strength Index)
- Current RSI: 55.91
- Observation: RSI indicates moderate bullish momentum, sitting comfortably in the middle range, with potential for further upside before becoming overbought.
MACD (Moving Average Convergence Divergence)
- MACD Line: 31.24
- Signal Line: 22.76
- Histogram: Positive, indicating growing bullish momentum.
- Observation: The MACD shows a bullish crossover, with the MACD line rising above the signal line. This signals the continuation of the recent upward trend, supported by the positive histogram.
Volume
- Observation: Current volume at 30.947K is steady but not significantly elevated. A higher volume breakout could validate further upward movement.
Support and Resistance Levels
- Immediate Resistance: $2,600
- Next Major Resistance: $2,800
- Immediate Support: $2,465
- Next Major Support: $2,350
Chart Patterns
- The chart is showing signs of a short-term bottom around the $2,465 support level, followed by higher lows, suggesting a potential reversal in the near term.
One Week Prediction
Bullish Scenario
- Breaking Above $2,600
- If ETH breaks above $2,600, the next target could be $2,800, where it faces a significant resistance zone. Sustained buying pressure and a confirmed increase in volume could propel prices toward this level.
- Volume Confirmation
- Volume will need to increase beyond current levels to confirm a breakout above the $2,600 mark.
Bearish Scenario
- Failure to Break $2,600
- If ETH fails to break above $2,600, it could retest the $2,465 support level. A failure to hold this support could push the price down toward $2,350.
- Increasing Volume on Downtrend
- A surge in selling volume during a retest of $2,465 could suggest further downside risk.
Summary
- Short-Term Trend: Slightly bullish with the potential for further upside if key resistance levels are broken.
- Key Levels to Watch: $2,600 for bullish continuation, $2,465 as key support.
- Indicators: MACD and RSI both suggest bullish momentum, though volume will need to increase to confirm further upward movement.
This detailed analysis provides insights into potential movements of Ethereum (ETH/USD). Keep an eye on the key support and resistance levels and the associated volume trends to make informed trading decisions.
ETH/USDT 1D elliott wave update âĄïžâĄïž
ETH is now in the 3rd wave of an impulse, now it is down a bit, the previous high can be broken, if you wait, you will be able to catch the 2nd entry. đ„łđ„ł
$ETH #ETHETFS #altcoins #etherreum #elliottwave #ethusd
ETH is now in the 3rd wave of an impulse, now it is down a bit, the previous high can be broken, if you wait, you will be able to catch the 2nd entry. đ„łđ„ł
$ETH #ETHETFS #altcoins #etherreum #elliottwave #ethusd
You can sell #ethusd and #BTCâ until Wednesday and cut your position
#michaeltanon
#BNBChainMemecoins
#michaeltanon
#BNBChainMemecoins
