$ETH 🚨🚨🚨 ETH 4-HOUR ⏳ Timeframe 🚨🚨
#etherreum Support and Resistance Levels:
‼️‼️ Analyzing the Latest Patterns and Potential Moves ‼️‼️
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 ETH’s 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 ⏰
Don’t forget to set a stop loss for any positions you plan to open.
This analysis provides a comprehensive view of ETH’s price action on a 4-hour timeframe, highlighting key support and resistance levels, identified patterns, and potential future moves.#ETH🔥🔥🔥🔥 #Alert🔴 #AltcoinStars #AltcoinInvesting