$ETH

Based on the ETH/USDT chart provided, here’s the analysis and a trade idea with a high probability (80% or more) of success:

Chart Analysis:

1. Current Price: $3,429.50 (+3.05%).

2. Trend:

• The price is in a short-term uptrend, trading above all key moving averages (MA7, MA25, and MA99).

• Recent higher lows and higher highs confirm bullish momentum.

3. Moving Averages:

• MA(7): $3,418.26 (price is above, suggesting bullish momentum).

• MA(25): $3,397.41 (serving as a strong support).

• MA(99): $3,266.90 (long-term support level).

4. Volume:

• Moderate volume supports the uptrend, but no extreme spikes, indicating steady buying.

5. RSI (Relative Strength Index):

• RSI(6): 60.23, signaling mild bullish momentum but not overbought.

• Plenty of room for upward movement.

6. MACD:

• MACD histogram is close to neutral but appears to be reversing upward, supporting further bullish action.

7. Stochastic Oscillator:

• K% (63.91) and D% (54.24) are in bullish territory, indicating a continuation of the uptrend.

Trade Idea:

Entry Point:

• Ideal entry: $3,420-$3,430 (current price zone).

• This is near the MA(7) and in line with bullish momentum.

Stop Loss:

• $3,380 (below the MA(25) and recent minor support level).

• Keeps the risk minimal if the uptrend breaks.

Take Profit Levels:

• Target 1: $3,470 (next minor resistance).

• Target 2: $3,500-$3,520 (key psychological resistance and recent high).

Probability of Success:

• 80%+:

• The uptrend is intact.

• RSI, MACD, and Stochastic support a continuation of bullish movement.

• Key risk: If the price breaks below $3,380, the bullish structure weakens.

Risk-to-Reward Ratio:

• Risk: ~$40 (entry: $3,430, SL: $3,380).

• Reward: ~$70-$90 (TP: $3,500+).

• Risk/Reward: ~1:2.