đ„Strong Signalđ
ETH/USDT
ORDI/USDT
ETH has been on a tear lately, breaking through its all-time high (ATH) of $2,051.74 on November 22, 2023. At the time of writing, ETH/USDT is trading at $2,200, up over 10% in the past 24 hours.
Key Levels
Support: $2,000
Resistance: $2,400
Technical Indicators
RSI: Oversold (below 30)
MACD: Bullish crossover
Overall, the technical and fundamental analysis suggests that ETH/USDT is poised for a breakout. If ETH/USDT can break above $2,200, it could be a bullish signal for the cryptocurrency.
My entries: $2,210 - $2,220 (LONG)Â
Targets:
đŻ1st TP: $2,230
đŻ2nd TP: $2,240
đŻ3rd TP: $2,250
đŻ4th TP: $2,2560
đŻ5th TP: $2,270
đŽStop loss: $2,200
ORDI/USDT
The ORDI/USDT pair has been in a downtrend since early November 2023. However, the price has recently found support at the $36 level. This could be a sign that the downtrend is over and that a new uptrend is beginning.
RSI: The RSI is currently at 42, which is in the neutral zone. This suggests that the market is neither overbought nor oversold.
MACD: The MACD is currently below the signal line, which is bearish. However, the MACD histogram is starting to make higher lows, which suggests that the bears may be losing momentum.
Stochastic RSI: The stochastic RSI is currently at 20, which is in the oversold zone. This suggests that the price may be due for a bounce.
My entries: $36 - $40 (LONG)
Targets:
đŻ1st TP: $44
đŻ2nd TP: $48
đŻ3rd TP: $52
đŻ4th TP: $56
đŻ5th TP: $60
đŽStop loss: $32
Both $ETH and $ORDI need a holding time of 2â3 weeks for all targets, and you need to have patience and also do your own research. Always remember to keep booking profits at every TP in these market conditions.
Do not use more than 20x leverage if you want to take a trade in the future.
Please note that this is not financial advice. Investors should always do their own research before making any investment decision