ETH/USD Analysis

5 hari lalu

ETH/USD trading pair on a 1-hour timeframe. Here’s a description and analysis based on the observed details:

General Trend:
The price of Ethereum against the US Dollar has been in a downtrend after reaching its peak around $3,710.50.
There are notable lower highs and lower lows, indicating bearish momentum.
Current Price Action:
The current price is approximately $3,674.91.
Recent candles show some consolidation or sideways movement around this price level.
Indicators:
There appears to be an indicator overlay with green and red shaded areas that might indicate potential buy (green) and sell (red) zones or moving averages.
Trade Setup:
A short position seems to have been taken around the price of $3,374, with defined stop-loss and take-profit levels.
Stop-Loss Level:
The stop-loss for this trade setup is set at approximately $3,524.
Take-Profit Level:
The take-profit target is set at approximately $3,041 as indicated by the label "Take Profit".
Risk-Reward Ratio:
Based on the positioning of entry ($3,374), stop-loss ($3,524), and take-profit ($3,041):
Risk: About 150 points (difference between entry and stop-loss)
Reward: About 333 points (difference between entry and take-profit)
This suggests a risk-reward ratio of about 1:2.
Support & Resistance Levels:
Support Level: Around $3040 which aligns with the Take Profit level.
In summary:
Ethereum has experienced a downtrend recently after peaking near $3710.
A short trade setup has been identified with an estimated entry point at around $3374.
Stop loss for this position is set at about $3524 to manage risk exposure; Take profit target aims for around $3041 aligning with previous support levels creating favorable conditions yielding approximately twice potential profits relative risking amount..

This technical assessment highlights prudent measures involved within active trading strategies employed thereby assisting informed decision-making while navigating market prices efficiently across various intervals encountered along journey pursuing returns..

4 hari lalu

Dagangan aktif

kelmarin

Dagangan ditutup: sasaran tercapai

NOTE

kelmarin

Nota

Market running Sideway i m just lookking For conformation Then i will publish my new idea

semalam

Nota

trade Close Target hit