Overview: The chart displays a bearish outlook for Ethereum (ETH/USD) based on technical price action. The current market price is around $1,584, with a potential bearish pattern developing after a series of lower highs and horizontal support tests.
Forecast: The projected price path suggests a short-term consolidation or minor bullish correction before a significant downward move, potentially forming a lower low.
🔻 Target:
$1,353.99
This is the projected take-profit level marked by the large green area at the bottom of the chart.
🔺 Stop Loss:
$1,678.63
This is the invalidation level for the bearish outlook, marked by the red zone on the upper side.
Technical Notes:
The chart appears to incorporate a head-and-shoulders-like pattern.
There's a breakdown from a trendline and repeated rejections at lower highs.
The pattern suggests potential for a drop toward the $1,350 zone if support around $1,500 fails.
📢 Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Always conduct your own research or consult with a licensed financial advisor before making trading decisions. Markets are volatile and trading carries risks.
Forecast: The projected price path suggests a short-term consolidation or minor bullish correction before a significant downward move, potentially forming a lower low.
🔻 Target:
$1,353.99
This is the projected take-profit level marked by the large green area at the bottom of the chart.
🔺 Stop Loss:
$1,678.63
This is the invalidation level for the bearish outlook, marked by the red zone on the upper side.
Technical Notes:
The chart appears to incorporate a head-and-shoulders-like pattern.
There's a breakdown from a trendline and repeated rejections at lower highs.
The pattern suggests potential for a drop toward the $1,350 zone if support around $1,500 fails.
📢 Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Always conduct your own research or consult with a licensed financial advisor before making trading decisions. Markets are volatile and trading carries risks.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。