$ETH
This chart shows a 15-minute timeframe for a crypto pair ETH/USDT ($ETH ). Here's a quick analysis:
๐ *Chart Analysis:*
1. *Bounce from Support:* After a drop, the price bounced back from the purple zone (support zone).
2. *EMA Support:* The price took support from the 50 EMA and 200 EMA โ a bullish signal.
3. *RSI Indicator:* RSI is recovering from the oversold zone, indicating possible upward movement.
4. *ADX Indicator:* Strength is returning to the trend, suggesting momentum is building again.
๐ *Possible Move:*
The yellow arrow shows a potential price rise if support holds strong.
๐ *Conclusion:*
This is a bullish recovery setup. If you're looking to enter, consider placing a stop-loss just below the purple support zone.#Ethereum $ETH #ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ