Ethereum at support

27. Okt. 2024

Ethereum dropped from it's 2800 resistance level on Monday and bounced off it's 2400 support level on Friday. ETH/USD has traded in a wide range in 2024 from it's 4000 area high's mid March and the end of May. To it's 2000 area lows in January, August 5th & September 6th. There's been plenty to trade In between this wide 2000 - 4000 range. Now that we're heading into November I see ETH/USD as a good entry point for a long. The MACDV oscillator set to MFI indicator is at support starting to print lower probability long signals, with a high probability long signal about to be printed.

ETH/USD long trade idea:
long = 2419
stop = 2306
profit = 2776

BBMC levels:
R3 = 2887
R2 = 2776
R1 = 2663
VWMA20 = 2541
S1 = 2419
S2 = 2306
S3 = 2196

30. Okt. 2024

Anmerkung

2. Nov. 2024

Anmerkung

Ethereum hit R1 on Wednesday and dropped back down to S1.

10. Nov. 2024

Trade wurde manuell geschlossen