Noon ETH Ideas


Currently, the second candlestick is oscillating within a triangular convergence pattern, and the direction is about to be chosen:
Only a volume breakout above the resistance zone of 2144‑2156 will have the momentum to push up to the key resistance of 2195; if it continues to fail to break through this zone, the market will remain within the triangle for consolidation, and not falling deeply is a sign of strength; once it effectively breaks below the triangle pattern, the previous low support will be directly lost.
Trading suggestions:
Break above 2146 with volume, follow the trend to go long on the right side, and exit with stop-loss if it falls back to this point;
Break below 2125 with volume, go short on the right side, and be sure to set a proper stop-loss;
After the hourly chart stabilizes above 2146, the rebound target is 2167‑2193;
If the 4-hour level effectively breaks below 2114, a bearish trend is confirmed, with the downward target at 2082‑2042.
ETH0.7%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned