Remeber this signal is only for spot
I can see on this chart shows Ethereum on a daily timeframe within an ascending channel (yellow lines). Ethereum's price recently dropped and is nearing the lower support of the channel, presenting a potential opportunity for a reversal.Monitor the RSI and MACD for confirmation of bullish momentum as the price approaches support.
This chart represents the total cryptocurrency market cap excluding Bitcoin (Crypto Total Market Cap Excluding BTC) on a daily timeframe. The price is contained within an ascending channel (yellow lines), indicating an overall upward trend, with the market recently experiencing a pullback. The market cap is currently testing the lower support of the channel, showing a potential opportunity for a reversal if it bounces from this area. The MACD histogram shows weakening momentum, with a shift toward bullish territory as the market attempts to recover.
The RSI is near 37, signaling that the market is in the oversold region, increasing the likelihood of a potential bullish reversal.
A breakout above the upper trendline could signal further upside. Keep an eye on RSI and MACD for confirmation.
Entry price-1858.1
1st tp- 2285.2
2nd tp-2894.0
3rd tp- 3542.0
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