Target: $3800. Local review of the pair Eth/Usd 19.01.25
Good evening, dear friends!
Local review of eth/usd pair from 19.01.25:
On ether I don't see any prerequisites for working from a short. The price is currently moving inside the local “triangle”, compressing the spring. The main volume level is marked in yellow color. If it is broken and, in case there is no excessive supply of sellers ~3500$, I expect the up-trend to continue on aggressive purchases to the price range of 3750-3850$.
The second scenario, unlikely:
Breaking through the lower accumulation boundary and going beyond $3072. This would indicate the strength of sellers and lack of sufficient buyer demand. That is where we should have a stop-loss on the position.
Translated with DeepL.com (free version)
Local review of eth/usd pair from 19.01.25:
On ether I don't see any prerequisites for working from a short. The price is currently moving inside the local “triangle”, compressing the spring. The main volume level is marked in yellow color. If it is broken and, in case there is no excessive supply of sellers ~3500$, I expect the up-trend to continue on aggressive purchases to the price range of 3750-3850$.
The second scenario, unlikely:
Breaking through the lower accumulation boundary and going beyond $3072. This would indicate the strength of sellers and lack of sufficient buyer demand. That is where we should have a stop-loss on the position.
Translated with DeepL.com (free version)
Trade ativo
#Eth
The scenario on ether also remains the same. I believe that by the end of January we will see a breakdown of the upper boundary of accumulation and growth on aggressive volume up to 3800-4000$. Don't forget about risk management!
Nota
#Eth
The price continues to consolidate at the upper boundary of accumulation, where there is a significant accumulation of static orders (3450-3500$) and globally this level has repeatedly restrained growth in the neighborhood of 3450-3500$. I expect a breakdown of resistance on strong impulse and aggressive volumes. The main medium-term targets, as I wrote earlier, are $3800-$4000. Do not forget about risk management. Good trades to all!
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