ETHUSD Short-Term Analysis for 13/11/2024
Disclaimer: This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 1-hour
Market Analysis:
The 1-hour ETHUSD chart exibit bullish trend with the volume gradually increasing. It has retest the support (demand zone) and broke the upper trend channel.
Key Levels:
Trading Bias:
Bullish, If price break the local high at 3446.98, it could propel prices towards resistance at 3637.00 to 3270.00. Which is acting as supply zone. However, if price break down from support zone at 3119.00 then price could dip to demand zone at 3019.00 - 2994.00 and retest.
https://www.tradingview.com/x/gsfnYYvn/
previous chart 11/11/2024: https://www.tradingview.com/x/HsDWBLB1/
previous chart target acheived 12/11/2024: https://www.tradingview.com/x/MZ8fwre9/
Time Frame: 1-hour
Market Analysis:
The 1-hour ETHUSD chart exibit bullish trend with the volume gradually increasing. It has retest the support (demand zone) and broke the upper trend channel.
Key Levels:
- upper target: 3637.00 - 32700.00
- Support (daily point of control): 3042.00
- lower support: 3019.00-2994.00.
Trading Bias:
Bullish, If price break the local high at 3446.98, it could propel prices towards resistance at 3637.00 to 3270.00. Which is acting as supply zone. However, if price break down from support zone at 3119.00 then price could dip to demand zone at 3019.00 - 2994.00 and retest.
https://www.tradingview.com/x/gsfnYYvn/
previous chart 11/11/2024: https://www.tradingview.com/x/HsDWBLB1/
previous chart target acheived 12/11/2024: https://www.tradingview.com/x/MZ8fwre9/
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