๐ ETH/USDC Analysis (4 Hours)
#Write2Earn #BinanceTurns8 #TrendTradingStrategy
Current Price: $3,001.53 (+7.61%)
24 Hour High: $3,030.91
24 Hour Low: $2,760.28
๐ Important Indicators:
โ Moving Average (MA):
MA(7): $2,894 โ current price is well above, strong upward trend.
MA(25): $2,700 โ thus strong medium-term support.
MA(99): $2,539 โ still well below, long-term bullish trend.
โ MACD:
DIF: 105.48 | DEA: 77.78 | Positive histogram ๐ฅ โ Confirms that upward momentum is getting stronger.
โ ๏ธ RSI (6): 94.18 โ Extremely overbought!
โ Be cautious of potential short-term correction.
๐ง Entry Strategy:
๐ Momentum Breakout Strategy
Advanced Entry (high risk): at $3,000 - $3,010 if the next candle closes above the previous high.
Safe Entry (wait & see): wait for a pullback to the MA(7) area around $2,900 - $2,950 for a bounce (buy the dip).
Stop Loss: below MA(25), around $2,680 - $2,700
Short-Term Target: $3,150 - $3,200
๐ฏ Conclusion:
ETH is extremely bullish, volume is up, consecutive green candles, high RSI. But donโt FOMO blindly โ prepare a strategy for pullbacks or small corrections. If a further breakout occurs, ETH could soar to the psychological level of $3,200.