Price Action

Thursday, November 16 2023
FTSE 100
03:17 pm (GMT +0200)
30 minutes Timeframe

After having breached the swing level at 7449.4, ETHUSD is currently trading between 7449.4 and 7441.0.  A further weakening of Etherium will open the way for ETHUSD to plunge below the target at 7441.0 opening the way to test the support levels at 7436.8 and 7428.4.

Should ETHUSD manage to exceed the resistance level at 7470.4, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
7441.0

direction
Target 2
7436.8

direction
Target 3
7428.4

direction
Target 4
7417.9

entry
Entry
7449.4
entry
Stop Loss
7470.4

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
FTSE 100
03:17 pm (GMT +0200)
30 minutes Timeframe

After having breached the swing level at 7449.4, ETHUSD is currently trading between 7449.4 and 7441.0.  A further weakening of Etherium will open the way for ETHUSD to plunge below the target at 7441.0 opening the way to test the support levels at 7436.8 and 7428.4.

Should ETHUSD manage to exceed the resistance level at 7470.4, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
7441.0

direction
Target 2
7436.8

direction
Target 3
7428.4

direction
Target 4
7417.9

entry
Entry
7449.4
entry
Stop Loss
7470.4

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction