Login / Join

Technical analysis by ZaiwajTrader about Symbol ETH: Buy recommendation (2/3/2025)

https://sahmeto.com/message/3220460
ZaiwajTrader
ZaiwajTrader
Rank: 11841
1.5
Buy،Technical،ZaiwajTrader

The ETH/USDT daily chart is showing a potential bullish setup with a Falling Wedge pattern, which often indicates a trend reversal to the upside. Additionally, a Bullish ABCD Harmonic Pattern aligns with key Fibonacci levels, suggesting that the 2817-2700 support zone could act as a strong reversal point.The RSI is in oversold territory on 4H, hinting at a possible bounce soon. If the price breaks out of the wedge, the first target would be 4,112 (46.10% gain), with a second target at $5,002 (77.18% gain). For traders, entering near 2817-2700 offers a good opportunity, with a stop loss placed just below $2,496 to minimize risk.

Translated from: English
Show Original Message
Signal Type: Buy
Time Frame:
1 day
Profit Target:
$5,002
Stop Loss Price
$2,496
First Support:
$2,710
First Resistance:
$4,112
Price at Publish Time:
$2,853.75
Share
Signals
Top Traders
Feed
Alerts