Објављено пре 18 сати
After a remarkable recovery in the first month of 2023, the Етхереум прице formed a local top at $1673. However, since then, the coin price has returned sideways and started consolidating in a fixed range. Having said that, this consolidation is part of a famous bullish reversal pattern called cup and handle. Here’s how this pattern could assist buyers in maintaining trend control,
Кључне тачке:
- Under the influence of the cup and handle pattern, the Ethereum price holds a higher possibility of surpassing the $1675
- Amid ongoing consolidation, if the daily candle closes below the $1500 support, the bullish thesis will get invalidated.
- Унутардневни обим трговања Етером је 10.8 милијарди долара, што указује на повећање од 18%.
Извор- Традингвиев
The cup and handle pattern is formed by two U-shaped curves that create the shape of a cup, followed by a smaller downward curve that forms the handle. The cup is formed as the price of a stock decreases over an extended period of time, creating a “U” shape. The handle is a brief consolidation period where the price moves sideways or slightly downward before continuing its upward trend.
Thus, the Ethereum price is currently going through this short-handle phase. Amid the recent sell-off in the crypto market, the coin price reverted from $1680, indicating the seller continues to defend this level. As a result, the ETH price plunged 8.5% in the last three days and currently trades at the $1544 mark.
Такође читајте: 10 најбољих ДеФи платформи за кредитирање у 2023
Though the ongoing consolidation may last longer with the negative sentiment across market participants, the coin holders remain bullish until the $1500 is defended. Furthermore, with the formation of a cup and handle pattern, the buyers are likely to end this consultation with a bullish breakout from $1684.
In an ideal bullish scenario, this pattern technical setup could lead a bullish rally to $2300.
Тецхницал Индицатор
МАЦД: Сталан пад у МАЦД(Blue) and signal(Orange) lines indicated the coin is experiencing sustained selling at higher levels.
ЕМАс: the 50-and-200-day EMA moving near the $1500 mark also contributes to the overall support strength of this level.
Унутардневни нивои цене Етхереум кованица-
- Спот стопа: 1543 $
- Тренд: Медвеђи
- Волатилност: висока
- Ниво отпора - 1684 и 1785 долара
- Ниво подршке - $1500 и $1420
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Source: https://coingape.com/markets/this-bullish-pattern-keeps-ethereum-price-under-buyers-control-is-2000-within-reach/