- Analytics
- Technical Analysis
ETHUSD Technical Analysis - ETHUSD Trading: 2023-03-21
ETHUSD Technical Analysis Summary
Above 1850
Buy Stop
Below 1350
Stop Loss
Indicator | Signal |
RSI | Neutral |
MACD | Buy |
MA(200) | Neutral |
Fractals | Neutral |
Parabolic SAR | Buy |
Bollinger Bands | Neutral |
ETHUSD Chart Analysis
ETHUSD Technical Analysis
On the daily timeframe, ETHUSD: D1 is in a long-term upward channel. It moves towards its upper border. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if ETHUSD: D1 rises above the last high and upper Bollinger band: 1850. This level can be used as an entry point. The initial risk limit is possible below the last lower fractal, 200-day moving average line, Parabolic signal and lower Bollinger line: 1350. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (1350) without activating the order (1850), it is recommended to delete the order: the market is undergoing internal changes that were not taken into account.
Fundamental Analysis of Crypto - ETHUSD
Problems in the global banking system may increase the demand for cryptocurrencies. Will ETHUSD quotes continue to rise?
Earlier, the American Silicon Valley Bank and Signature Bank announced financial difficulties, and later the Swiss bank Credit Suisse joined them. Theoretically, this may indicate some problems in the entire global banking system. In this situation, an increase in demand for cryptocurrencies is not excluded.
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.