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If we look at the 4-hour chart of the Ethereum cryptocurrency, it can be seen that its price movement is stuck at the Support level which is formed from the Bullish Fair Value Gap (Cyan). Apart from that, the price movement of this cryptocurrency is also above WMA 20 which happens to have a low slope which dived upwards and was also confirmed by the appearance of deviations between price movements and the Stochastic Oscillator indicator, so based on these facts, Ethereum in the near future has the potential to strengthen and try to break above the level of 3586.94. If this level is successfully broken upwards then the next level to aim for is 3673.42 as the target mainly and the level of 3805.94 as the next target which will be aimed at if the momentum and volatility are supportive, but if on its way to the levels previously mentioned suddenly this Cryptocurrency turns corrected weakening downwards until it breaks below the level of 3296.47 then all the strengthening scenarios are as previously described will become invalid and cancel automatically.
(Disclaimer)
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
