Professional technical analysis for #ETH/USDT
Current price: $2,550.71
Recent highest peak: $2,738.50
Current strong support: $2,324.00
ETH is preparing for another price explosion! Here’s the best entry point with targets reaching $2,850 and a professional strategy for maximizing profit.
Indicators:
RSI (6) = 66.49: close to the overbought zone, but hasn't reached 70 yet, indicating the possibility of continued upward movement.
Bollinger Bands: the price is moving in the upper part of the band, indicating a strong ongoing momentum.
MACD: there was a previous bullish crossover, with a decline in momentum but it has not turned negative, indicating the possibility of a renewed buying push.
Proposed strategy: "Retest & Continuation"
Target: capitalize on the retest of previous resistance turning into support before resuming the upward movement.
Entry Levels:
First entry: at the breakout of the $2,560 level with a strong hourly candle (with high trading volume).
Second entry (safe): if the price retests the area $2,500 - $2,520 and holds above it.
Stop Loss:
SL = $2,440 (below dynamic support and the middle Bollinger band)
Targets:
TP1: $2,615 (highest peak in the last 24 hours)
TP2: $2,738 (clear previous peak)
TP3 (extended): $2,850 (Fibonacci extension + market momentum)
Capital management:
Risk 2% of capital maximum.
Split the trade into two phases: early entry after the breakout + safe entry after the retest.
