$ETH ETH/USDT from Binance, here's a technical analysis summary including support, resistance, take profit, and stop loss recommendations:
š Chart Overview (4h timeframe):
Current Price: $2,798.81
24h High: $2,834.86
24h Low: $2,655.61
EMA(20): $2,664.13
EMA(50): $2,603.11
RSI(70): 57.67
RSI(30): 63.52
š Support Levels:
Immediate Support: ~$2,757 (recent low on this uptrend wave)
Stronger Support: ~$2,665 (near EMA 20)
Major Support: ~$2,603 (near EMA 50 and previous consolidation)
š Resistance Levels:
Immediate Resistance: ~$2,834 (24h high and recent peak)
Next Target Resistance: ~$2,857 (marked on chart)
Psychological Resistance: ~$2,900ā$3,000
šÆ Trading Strategy:
Bullish Scenario:
Entry: $2,798 (current market price or on slight dip)
Take Profit 1: $2,834 (previous high)
Take Profit 2: $2,857 (next chart level)
Take Profit 3: $2,900+ (psychological level)
Stop Loss:
Conservative: $2,757 (below immediate support)
Safer: $2,665 (below EMA20 and confirmed previous support)
š Indicators:
RSI is neutral to slightly bullish (no overbought condition).
EMA20 > EMA50: Confirms short-term bullish momentum.
Price is trading above both EMAs, showing strength in the current uptrend.
ā Summary Recommendation:
Short-term trend: Bullish
Buy on dips toward $2,757ā$2,665
Set stop-loss below $2,665
Take profit gradually from $2,834 to $2,900
Would you like me to calculate position sizing or risk-reward ratio as well?
