03:17 pm (GMT +0200)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.
Price Action
Thursday, November 16 2023
03:17 pm (GMT +0200)
30 minutes Timeframe
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
Profit Levels
Target 1
7441.0
Target 2
7436.8
Target 3
7428.4
Target 4
7417.9
Entry
7449.4
Stop Loss
7470.4
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, November 16 2023
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
Profit Levels
Target 1
7441.0
Target 2
7436.8
Target 3
7428.4
Target 4
7417.9
Entry
7449.4
Stop Loss
7470.4
Trend Confirmation
Momentum
LWMA
MACD