📊 Analysis of the ETHFI/USDT asset 📊
ETHFI on Binance is showing interesting technical patterns. Let's look at the main points:
📉 Critical decline: Recent price drop of 60.22% to 1.336.
📈 Current price: At the time of writing, the price is 4.118, which is a positive change (+2.44%).
📊 Technical indicators:
MA (7): 3.576, close to the current price, which may indicate the beginning of a bullish trend.
MA (25): 3.763, which also confirms the potential for growth.
MA (99): 3.928, the nearest important resistance level.
SAR: 3.173, support.
Ichimoku: The price has broken through the Ichimoku cloud upward, which is a bullish signal.
🔄 Consolidation: The price has stabilized in the range of 3.657 - 4.118, which may indicate the accumulation of positions before the next movement.
📈 Growth potential:
First target: 5.490 (+170.03%).
Second target: 8.662 (+250.04%).
📉 Downside potential: In the case of a negative scenario, a return to level 1.336 is possible.
💬 Conclusion: Technical indicators indicate a possible continuation of the uptrend. Current levels and patterns confirm the prospect for opening long positions with targets at levels 5.490 and 8.662. However, it is important to take into account the possibility of a rollback and set stop losses at the level of 3.173.
📊 Recommendations:
Opening long positions at the level of 4.118.
Stop loss at 3.173.
Profit targets: 5.490 and 8.662.
Be careful and happy bidding! 🚀📈✨
