😨 Is ETH silently collapsing? Or is it gearing up for a bullish explosion? 4H Analysis from an Expert 🧠
🔍 Quick Technical Analysis | 4-Hour Frame
📐 Chart Pattern: Symmetrical Triangle that began in mid-July
📉 Breakout: The price broke the base of the pattern at $3,840
📊 Indicators:
⚡️MACD Indicator is bearish ⬇️
⚡️RSI Indicator is in oversold territory 🩸
⚡️Price is below EMA 20/50/100 averages ❌
🧱 Support: $3,500
🚧 Resistance: $3,900 – $4,000
🔥 Potential breakout target: $3,000
🎯 Scenarios and Recommendations
🔻 Potential Drop:
Sell entry below $3,840 with strong volume
🎯 Target: $3,000
🛡️ Stop Loss: above $3,900
🚀 Conditional Rise:
Buy entry only after a clear close above $3,920
🎯 Target: $4,200 – $4,400
🛡️ Stop Loss: below $3,800
🕵️♂️ Smart Waiting:
Neutral within the range of $3,540 – $3,840 until trend confirmation
💡 Expert Advice:
The analysis is excellent, but smart decision = Stop Loss + Risk Management + Immediate monitoring of any sudden changes.
⏳ The market does not forgive the indecisive!
