$ETH
Chart Analysis as of $1,854.85
Indicators in play:
MA(7): $1,857.59
MA(25): $1,880.44
MA(99): $1,927.92
RSI(6): 42.64 (slightly bearish but recovering from oversold)
Recent Low: $1,821.81
Recent High: $1,923.09
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Scenario: Short-Term Bounce or Pullback Recovery
Trade Setup - Long (Bounce Play)
Entry: $1,854 (Current price – near MA(7), showing small bullish candle)
Stop-loss: $1,840 (below recent support & last red candle low)
Take-Profit Targets:
TP1: $1,876 (near local resistance/MA(25))
TP2: $1,905 (previous supply zone)
TP3: $1,923 (previous high & strong resistance)
Risk-Reward Ratio (TP1): ~1.57
Confirmation: Needs a 1H candle close above $1,857 (MA(7)) for strength.
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Scenario: Rejection from MA(7)/Bearish Continuation
Trade Setup - Short (if candle gets rejected)
Entry: $1,855 (if price fails to break above $1,857 on 1H candle close)
Stop-loss: $1,865 (above MA(7) & wick of current candle)
Take-Profit Targets:
TP1: $1,840
TP2: $1,822 (recent low)
TP3: $1,816 (next support level)
Risk-Reward Ratio (TP2): ~1.67
Confirmation: Weak candle body below $1,854 with low volume bounce.
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RSI Insight:
RSI at 42.64: Near neutral but showing signs of a potential reversal upward.
If RSI breaks above 50 with a bullish candle close, that supports the long entry setup.
