ETH/USDT Wait for a clearer signal – Neutral between 2085 and 2680
ETH
BULLISH
MARKET_MINDS
Traduction faite par Deepl pro
## Market & Ticker: Ethereum – ETH/USDT
Date: 16/01/2024
## Horizon / Timing: Tactical Mid-term / 1 to 3 months
## Scenario:
The configuration of ETH is showing a risk of pause before the long-term bullish move expected in 2024. We will monitor the movements in the next day's keeping in mind that the probability of seeing a pause to 2085 remains high before engaging the next upside trend expected in the longer run. We remain neutral between 2085 and 2680 to wait for a clearer signal. We do prefer a consolidation in the short-term to visit 2315 at least.
## Technical Key Elements:
- Trading range on going 2085/2680 - RSI indicator is at support at 50% - The Moving average are support (Golden cross) - Fibonacci key support is adjusted in 2085 while the key resistance is adjusted at 2680
## Trade Idea conclusion: Neutral
• Target 1: 3250 • Neutral resistance: 2680 = 50100 BTC • Neutral support: 2085 • Target 1: 1810
## Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
**Disclaimer :** The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering.
Date: 16/01/2024
## Horizon / Timing: Tactical Mid-term / 1 to 3 months
## Scenario:
The configuration of ETH is showing a risk of pause before the long-term bullish move expected in 2024. We will monitor the movements in the next day's keeping in mind that the probability of seeing a pause to 2085 remains high before engaging the next upside trend expected in the longer run. We remain neutral between 2085 and 2680 to wait for a clearer signal. We do prefer a consolidation in the short-term to visit 2315 at least.
## Technical Key Elements:
- Trading range on going 2085/2680 - RSI indicator is at support at 50% - The Moving average are support (Golden cross) - Fibonacci key support is adjusted in 2085 while the key resistance is adjusted at 2680
## Trade Idea conclusion: Neutral
• Target 1: 3250 • Neutral resistance: 2680 = 50100 BTC • Neutral support: 2085 • Target 1: 1810
## Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
**Disclaimer :** The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering.
