ETH/USDC - (Target Reached) No clear directional view between 3140 and 3510
Traduzione effettuata da 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)
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.
