Technical Analysis and Trade Signals for $ETHFI

/USDT 🎯🚀

Technical Analysis for ETHFI/USDT:

Current Price: $1.67

24h High: $1.676

24h Low: $1.417

Bollinger Bands (20, 2):

Upper Band: 1.655

Middle Band: 1.535

Lower Band: 1.414

Parabolic SAR: 1.517

Trend Analysis:

Bollinger Bands: The price is currently above the middle band (1.535), which suggests a bullish sentiment. The upper band at 1.655 indicates that the price is near a resistance point. If ETHFI continues to stay above the middle band, it may test the upper band again, or potentially break above it.

Parabolic SAR: The SAR value of 1.517 is below the current price of 1.67, which is an indication that the trend is bullish. No reversal signal has yet appeared.

Momentum Indicators:

The price has gained 9.97% in the last 24 hours, signaling strong bullish momentum.

Order Book: The bid volume is higher (38.16%) compared to the ask volume (8.972%), which suggests strong buying pressure in the market.

Trade Signals:

Buy Signal: If the price breaks above the upper Bollinger Band (1.655), this would confirm the continuation of the uptrend. A pullback to the middle Bollinger Band (1.535) could present a good re-entry point.

Sell Signal: If the price falls below the middle Bollinger Band (1.535) or the Parabolic SAR flips above the price, it could signal a weakening bullish trend or potential reversal.

Target Levels (🎯):

1. First Target (🎯1): $1.74 – This is the next resistance level based on recent price movements and the 24-hour high. A breakout above $1.67 could drive the price to this target.

2. Second Target (🎯2): $1.85 – This is a potential psychological resistance level and aligns with a continuation of the current bullish trend.

3. Third Target (🎯3): $1.95 – If the trend remains strong and breaks the previous targets, this could be the next level to watch for possible profit-taking.

#COSSocialFiRevolution #BTC100KToday? #BinancePoolFractalBitcoin #EyesOnBTC #BitcoinStrategy