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ETHFI / TetherUS

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ETHFIUSDT trade ideas

ETHFIUSDT.1DAnalyzing the ETHFI/USDT chart, we find ourselves amidst a potentially pivotal market situation. Let's delve into the technical aspects shaping the current and future movements of ETHFI. Key Observations: Current Price and Trend: ETHFI/USDT is trading at $3.340, marking an increase of 2.05% today. The recent price trend shows a pattern of consolidation within a defined range. Support and Resistance Levels: R1 (Resistance Level 1): $3.118 - Recently surpassed, this level may now serve as a support in a role reversal scenario. R2 (Resistance Level 2): $5.157 - A significant upper resistance which, if approached, indicates a strong bullish momentum. S1 (Support Level 1): $2.318 - The primary support level; maintaining above this is crucial for the bullish case. Technical Indicators: MACD (Moving Average Convergence Divergence): Currently below the signal line, suggesting bearish momentum, though the histogram shows diminishing negative momentum. RSI (Relative Strength Index): Positioned at 42.89, near the lower end of the neutral range, hinting at potential undervaluation or a lack of strong buyer momentum. Analysis and Conclusion: With ETHFI/USDT breaching the R1 at $3.118, the market seems to be testing the strength of this breakout. The recent upward price movement is a positive sign, but for a robust bullish scenario, the price needs to stabilize above this level to confirm its new role as support. The next major target would then be R2 at $5.157, which would require significant buying pressure to achieve. On the flip side, should the price falter and fall back below the newly established support at R1, the next line of defense lies at S1 at $2.318. A drop below this level could intensify bearish sentiment, potentially leading to lower lows. Given the MACD and RSI readings, traders might remain cautious. The MACD suggests that while the immediate trend is bearish, the reducing negative momentum could hint at a weakening of the downward pressure. RSI levels indicate the market is not yet oversold, providing room either for further decline or a potential pivot if buyer interest increases. In summary, monitoring the price action around these critical levels and observing changes in MACD and RSI will be essential in the coming days. Traders should also keep an eye on broader market sentiment and any news specific to ETHFI that might affect trading dynamics. As always, implementing sound risk management strategies will be key in navigating the uncertainties of this market.
Long
by MarsSignals
ETHFI NEW UPDATEAfter the completion of wave A, which was a bullish rally, the price has now entered a correction phase. The correction phase corresponding to wave B looks like a large diametric that we are now completing wave E of. There is a green area on the chart, if the price reaches this area, we will enter a buy/long position The target can be the red supply box. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
ETHFI - Confirmed Breakout for a LONG trade$BINANCE:ETFIUSDT (4H CHART) Technical Analysis Update ETHFI is currently trading at $4.1 and showing overall bullish sentiment. Price has broken out from the resistance zone and showing a good bullish momentum. Our first target is around the resistance zone (4.3-4.4) and we can expect the price to reach around 4.8 This is a short term trade and if the price breaks below the support of 3.7 then bearish trend will continue and we will have a short trade opportunity. Entry level: $ 4.09 Stop Loss Level: $ TakeProfit 1: $ 4.224 TakeProfit 2: $ 4.352 TakeProfit 3: $ 4.481 TakeProfit 4: $ 4.684 TakeProfit 5: $ 4.862 Max Leverage: 3x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
ETHFI/USDT Ready to Capture the Liquidity Above? ETHFI Analysis 💎Paradisers, brace yourselves for a captivating shift in the #ETHFIUSDT market, hinting at a potential bullish surge from its current position. 💎Following a recent pushback from a strong supply zone, #Ether.fi has navigated through buy-side liquidity. This preparation might lead to a temporary dip before a robust rebound from the critical bullish support zone at $3.73. If CRYPTOCAP:ETHFI musters sufficient bullish momentum, we could witness a vigorous challenge to the upper supply zone, potentially surpassing it. 💎However, if #ETHFI struggles to hold its position within this key support zone, we might need to swiftly adjust our strategy. Plan B would then be activated, shifting our focus to a bullish engagement from a lower demand zone at $3.0. This juncture is pivotal—if CRYPTOCAP:ETHFI breaches this level, it may signal the onset of a bearish trend. 💎Stay focused and adaptable, Paradisers. Your ParadiseTeam is vigilantly monitoring the market and ready to steer you through the unfolding dynamics of the #Ether.fi market.
Long
by MyCryptoParadise_Simon
2
ETHFI looks bullishIt looks like we have three big ABC waves on the chart. Wave B has started from where we placed the red arrow on the chart. Wave B looks like a triangle and now it looks like we are at the end of wave d of B. After the completion of wave e of D, we can see the rising movements of the big C wave. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
ETHFI price clearly repeats the movement of BTC from rpreviousDuring the 2nd half of April, CRYPTOCAP:ETHFI buyers or its MMs tried to keep the price above $3.20 - not allowing it to update the lows. ↪️ On the one hand, it looks like a sign of "strength" ↩️ On the other hand, don't be too surprised if the price of $ETH.FI drops sharply to $3.11 or even $2.88 (too many "tasty stops" are hidden below $3.20 and can be hunted). You can even place pending limit orders to buy here and feel a little bit like MM :) In general, the #ETHFIUSDT chart is very similar to the #BTCUSDT price movement during 2021, and we copied the blue fractal from this period for clarity. That is, the bottom is somewhere close and there should be good growth ahead. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
ETHFI, correction done, time for a GOOD RISE.ETHFI did the usual parabolic trim after reaching a peak of 8.0 +, then went on a good correction following the market's downtrend. Today, based on recent long term data metrics, ETHFI is exhibiting a 'shifting' behavior. We maybe seeing a short squeeze soon (strong UPSIDE move) being developed around the current range. Price is already at the heatzone / breakout point area and momentum is building up on this range. Safe to seed now at this range. Spotted at 3.50 TAYOR.
Long
by JSAL
1
#ETHFI"Bullish Momentum Alert: Buy for Maximum Gains!"**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
ETHFI looking extremely promisingThere's no need of much indicators to see price action on ETHFI. There seems to be an inmense and obvious change of trend. Price triple bottomed between 3.20usd and 3.30usd and printed three massive green candles in 6h graph that broke an imporant resistance of an horizontal channel where the price was trapped in since 14th April and broke the diagonal resistance of the downward trend that started when the price at 8.6usd on the 27th of March. Bulls will place several orders between 3.7usd and 4usd that is the fibo retracement of the current price. Let's see if the market helps ETHFI look for new highs.
Long
by fortune_00