✅ Scenario 1 – Buy at 1830 (Current Price):
Reason to Buy:
Price is close to the EMA 20 and EMA 33 levels – acting as dynamic support.
The 1830–1845 area has been tested multiple times without a clear breakdown.
The upward trendline from the 1720 low is still being respected.
The market may be forming a tight consolidation, preparing for a breakout.
Trading Plan:
Buy Entry: 1,830 USDT
Stop Loss (SL): below 1,800 (around 1,790–1,795)
Take Profit (TP): 1,980 – 2,150 (previous highs and major resistance zone)
Risk/Reward Ratio: Approximately 1:2.5 to 1:4 (excellent if breakout confirms)
⚠️ Scenario 2 – Buy at 1,740 (If Current Trendline Fails):
Reason to Buy:
The 1,740–1,760 zone is a strong support from the longer-term ascending trendline (black line).
Coincides with the EMA 200 on the 4H timeframe – a typical retracement zone during pullbacks.
Potential for a double-bottom pattern if price reacts positively here → forming a higher low.
Trading Plan:
Buy Entry: 1,740 USDT
Stop Loss (SL): below 1,700 (around 1,695)
Take Profit (TP): 1,920 – 2,000 – 2,150
Risk/Reward Ratio: Greater than 1:3 if ETH maintains its higher-low structure
🧠 Strategy Notes:
In both scenarios, ETH must break through the psychological resistance of 1,850–1,880 to confirm bullish momentum.
Volume during the current accumulation phase is relatively low, signaling a potential breakout waiting to happen – watch for large-volume candles on H4/H1.
The long red candle near 1,800 might have been a “bear trap” if the price doesn’t break below recent lows.
Reason to Buy:
Price is close to the EMA 20 and EMA 33 levels – acting as dynamic support.
The 1830–1845 area has been tested multiple times without a clear breakdown.
The upward trendline from the 1720 low is still being respected.
The market may be forming a tight consolidation, preparing for a breakout.
Trading Plan:
Buy Entry: 1,830 USDT
Stop Loss (SL): below 1,800 (around 1,790–1,795)
Take Profit (TP): 1,980 – 2,150 (previous highs and major resistance zone)
Risk/Reward Ratio: Approximately 1:2.5 to 1:4 (excellent if breakout confirms)
⚠️ Scenario 2 – Buy at 1,740 (If Current Trendline Fails):
Reason to Buy:
The 1,740–1,760 zone is a strong support from the longer-term ascending trendline (black line).
Coincides with the EMA 200 on the 4H timeframe – a typical retracement zone during pullbacks.
Potential for a double-bottom pattern if price reacts positively here → forming a higher low.
Trading Plan:
Buy Entry: 1,740 USDT
Stop Loss (SL): below 1,700 (around 1,695)
Take Profit (TP): 1,920 – 2,000 – 2,150
Risk/Reward Ratio: Greater than 1:3 if ETH maintains its higher-low structure
🧠 Strategy Notes:
In both scenarios, ETH must break through the psychological resistance of 1,850–1,880 to confirm bullish momentum.
Volume during the current accumulation phase is relatively low, signaling a potential breakout waiting to happen – watch for large-volume candles on H4/H1.
The long red candle near 1,800 might have been a “bear trap” if the price doesn’t break below recent lows.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.