$ETH đ¨đ¨đ¨ ETH 4-HOUR âł Timeframe đ¨đ¨
#etherreum Support and Resistance Levels:
âźď¸âźď¸ Analyzing the Latest Patterns and Potential Moves âźď¸âźď¸
Current Analysis:
⢠Support Levels:
⢠Primary Support: $3,355.56 - ETH has found significant support at this level with a trend strength of 4.45 and an angle of 12°.
⢠Resistance Levels:
⢠Primary Resistance: $3,703.62 - This level is currently acting as a weak resistance with a trend strength of 2.85 and an angle of 11°.
Latest Patterns:
⢠Trend Analysis:
⢠The trend indicators show a mixed outlook:
⢠50 Bars: +2°, indicating a sideways trend.
⢠100 Bars: -19°, indicating a downtrend.
⢠150 Bars: -15°, indicating a downtrend.
⢠200 Bars: -2°, indicating a sideways trend.
⢠Identified Patterns:
⢠Double Top: This bearish pattern suggests potential downward pressure.
⢠Anti-Cypher: This pattern suggests a possible bullish reversal.
⢠AB=CD: This pattern indicates potential price movements and reversal zones.
Potential Moves:
⢠Elliott Wave Theory:
⢠According to Elliott wave theory, ETH appears to be in the midst of wave C. We should monitor ETHâs movement towards the resistance zone.
⢠Price Projection:
⢠ETH may attempt to reach or break above $3,703.62 if it gains sufficient bullish momentum.
Important Note: Always remember the importance of capital management and avoiding greed.
ETH Analysis (ETHUSDT), 4-Hour Timeframe â°
Donât forget to set a stop loss for any positions you plan to open.
This analysis provides a comprehensive view of ETHâs price action on a 4-hour timeframe, highlighting key support and resistance levels, identified patterns, and potential future moves.#ETHđĽđĽđĽđĽ #Alertđ´ #AltcoinStars #AltcoinInvesting