$ETH Huge signal ⚠️ More chance 🚀
Spot Trade Setup 1: Potential Long Entry
Entry: $2,518.00 - $2,525.00
TP 1: $2,560.00
TP 2: $2,600.00
TP 3: $2,640.00
Explanation: The price has shown resilience in the $2,500-$2,520 zone after a significant dip. If it holds above this support, a move towards previous resistance levels is possible. The tightening Bollinger Bands and improving MACD/RSI support a potential upward breakout.
The charts show ETH/USDT experienced a significant drop from around $2,788.00 to a low of approximately $2,381.49. Following this decline, the price appears to be attempting a recovery, forming a base around the $2,500-$2,520 range. The Bollinger Bands are tightening, suggesting reduced volatility, while the price is trading within the middle and upper bands. The MACD is attempting to cross above the signal line or is already in a bullish divergence. The RSI is moving upwards from oversold or neutral territory. This pattern, with a sharp drop followed by consolidation and indicators hinting at upward momentum, could indicate a potential reversal or continued upward movement after the correction.
Indicator Details:
BOLL(20, 2): Middle Band around $2,516.60 - $2,509.17, Upper Band around $2,529.18 - $2,690.68, Lower Band around $2,414.68 - $2,431.82
MA(5) Vol: Increasing from 5,455.6395 to 64,487.3744
MA(10) Vol: Increasing from 7,295.3550 to 463,242.8636
DIF: -13.64 to 3.98
DEA: -18.50 to 5.15
MACD: 4.86 to -1.17
RSI(5): 47.00 to 57.08
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