ETH/USDT [1D]
Technical Analysis
June 25
📉 Bearish predominance
🧭 ETH is below the SMA(50), accompanied by a bearish MACD, bearish SAR, and a negative MOM(10). All these factors confirm weakness in momentum. The low ADX suggests that the bearish trend is not yet strong but is latent.
📊 Key Indicators:
- RSI(14): 47.09 → Neutral, no overbought or oversold.
- MFI(14): 32.68 → Close to oversold zone, alert for possible bearish exhaustion.
- CCI(14): -28.18 → Slight bearish pressure.
- BBands: Normal range → No strong expansion or contraction pressure.
- ATR: 144.79 USDT → High typical volatility, allowing for wide movement.
🟡 TD Sequential Signal: 2 candles up → Indicates possible attempt at technical reversal, although it is too early to confirm.
🛠️ Speculation & Strategy
Given the mixed technical environment but leaning towards the bearish side, the following is proposed:
📌 Probable Scenario:
ETH could continue correcting towards the nearby support area between 2,310 and 2,270 before a possible consolidation. If the support does not hold, the decline could extend.
🎯 Take-Profit (TP):
- Target 1: 2,360 (intraday gap closure)
- Target 2: 2,270 (key technical support level with volume confluence)
- Target 3: 2,150 (last visible node on volume profile)
🛑 Stop-Loss (SL):
- Conservative: 2,495 (above the SMA50 and last failed highs)
- Aggressive: 2,460
📌 Key Level for Trend Change:
Strongly surpassing the SMA(50) and a MACD crossing upwards would be clear signals of technical reversal.
🎯
📉 Current bias: Moderate bearish
🔍 Suggested strategy: Short/wait until support → Evaluate bounce or breakdown
📈 Signals for longs: RSI crossing 55 + bullish MACD + growing ADX
📉 Risk: Medium-high (considerable volatility due to ATR)
Remember:
Cryptocurrency trading carries a high risk. (DYOR)
#Analysis_E_tp_sl
vc_custy
🫖☕️😎