ETH/USDC - (Target Reached) No clear directional view between 3140 and 3510
Traduction faite par Deepl pro
Market & Ticker: Ethereum – ETH/USDC
Date: 10/05/2024
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
After having penetrated 3140$ recently the ETH failed to accelerate significantly to the downside. The technical situation remains unclear (Neutral).
For the time being a break above 3450$ key resistance would open a potential towards 4090$ and max 4840$ in extansion
However a failure below 3450$ with a break of 2770$ as key support the ETH will continue to progress in consolidation towards 2340 and 1965 max
Technical Key Elements:
- RSI indicators is bearish
- The Moving average are challenged
- Fibonacci key resistance area at 3450 and support at 2770
Trade Idea conclusion: Neutral
- Target up: 4090
- Tactical Resistance: 3450
- Tactical Support: 2770
- Target down: 2340 and 2965
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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