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⚡️ETHUSDT analytical review⚡️

FinTechMe Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
Medium-term, the instrument is in an uptrend 📈. The current market strength on a scale from zero to one hundred is 45.6. It is recommended to trade with buying positions 🔼.

However, locally the instrument is trading below the last ascending channel, which suggests a possible trend towards decline. Currently, the upper channel boundary is at level 1875.88 and the lower boundary is at level 1736.13. Below this level, speculative sales are possible. 🔽

If the instrument returns to the channel and consolidates within it, the probability of a successful short position will sharply decrease, and it is recommended to trade only with buying positions. 🔼

A breakthrough of the upper channel boundary will indicate an acceleration of the current uptrend. A reversal of the medium-term trend downwards is possible with a drop and consolidation below the level of 1677.48.
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⚡️Final analytical note for purchasing Ethereum (ETHUSDT) asset⚡️

🔹Investment idea: Open long positions upon returning to the ascending channel and breaking through the upper channel boundary, avoiding speculative selling during local declines.

🔸Profit factors and weights:

Entry upon returning to the channel and securing within it:
Profit factor: Not yet determined, as it depends on the entry point
Weight: 50%
Entry upon breaking the upper channel boundary (1875.88):
Profit factor: Not yet determined, as it depends on the entry point
Weight: 50%
🔹Capital allocation (assuming a $1,000 investment):

Entry upon returning to the channel and securing within it: 50% of capital, ≈ $500
Entry upon breaking the upper channel boundary (1875.88): 50% of capital, ≈ $500
🔸Stop-loss and take-profit:

Entry upon returning to the channel and securing within it:
Stop-loss: 1677.48 (level of mid-term trend reversal downwards)
Take-profit: 1875.88 (upper channel boundary)
Entry upon breaking the upper channel boundary (1875.88):
Stop-loss: Support level within the channel (to be determined depending on the entry point)
Take-profit: None (requires monitoring market dynamics and determining after the breakout)
🔹Trading plan:

Open long positions upon returning to the channel and securing within it, as well as breaking through the upper channel boundary (1875.88), considering optimal capital allocation.
Set stop-loss at the level of 1677.48 for entry upon returning to the channel and at the support level within the channel for entry upon breaking the upper boundary.
Set take-profit at the upper channel boundary (1875.88) for entry upon returning to the channel and securing within it, and determine the take-profit for entry upon breaking the upper channel boundary after the breakout, monitoring market dynamics and identifying new resistance levels.
🔹Potential profit and losses:
To accurately calculate potential losses and profits for a $1,000 investment, the entry points and corresponding profit factors need to be determined. Nevertheless, you can assess risks and potential profit based on your own expectations regarding Ethereum's price movement.

🔸Overall strategy:

Monitor the market and determine the optimal moment to enter based on the analytical note and your expectations.
Divide the capital into two equal parts and invest in each entry scenario.
Don't forget about risk management and regularly review stop-loss and take-profit levels, considering changes in the market situation.
Follow this trading plan, and you'll be able to minimize risks and maximize potential profits when trading Ethereum. Good luck in the market!
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⚡️ETHUSDT analytical review⚡️

Currently, the instrument is in a medium-term uptrend 📈. The current market strength on a scale of zero to one hundred is 62. Buying 🔼 is recommended.

At present, the instrument is trading within a descending channel, with the lower boundary at level 1652.07 and the upper boundary at level 1763.01.

Considering the local trend, speculative long and short trades on rebounds from the channel boundaries are the most preferable.

As for medium-term positions, currently, it is only possible to consider buying on rebounds from the lower boundary of the channel and after the price is fixed above the upper boundary. Medium-term short positions 🔽 can be considered only after the price is fixed below the level of 1677.48 and goes below the channel boundaries
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⚡️ETHUSDT analytical review⚡️

Medium-term, the instrument is in an uptrend 📈. The current market strength on a scale of zero to one hundred is 87.6. Buying 🔼 is recommended.

Locally, the instrument is trading above the last descending channel, indicating a possible end to the correction and resumption of medium-term growth. The upper boundary of the channel is currently at 1758.37 and the lower boundary is at 1659.8.

In case the price returns to the upper boundary of the channel, it is possible to open a long position. If the price returns inside the channel and consolidates below the level 1758.37, speculative selling 🔽 with the target in the area of the lower boundary of the channel 1659.8 is also possible. If the price drops below the level 1677.48, it can be said at least that the uptrend has stopped, and at most, there will be a medium-term reversal downwards
Comment:
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⚡️ETHUSDT analytical review⚡️

Currently, the instrument is in a medium-term uptrend 📈. The current market strength on a scale of zero to one hundred is 82.5. Buying 🔼 is recommended.

At the moment, the instrument is trading within an ascending channel, with the lower boundary at level 1801.09 and the upper boundary at level 1922.55.

Considering the local and global trends, there is a higher likelihood of continuation of growth in the short and medium term. If the price breaks above and consolidates above the level of 1922.55, as well as on a bounce from the level of 1801.09, it is possible to open long positions. 🔼

A break and consolidation below the lower boundary of 1801.09 could break the current local uptrend, in which case speculative selling could occur. A medium-term short could be considered on a price consolidation below the level of 1763.3, in which case it would be possible to speak of a reversal of the medium-term trend downward.
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⚡️ETHUSDT analytical review⚡️

Medium-term, the instrument is in an uptrend 📈. The current market strength on a scale of zero to one hundred is 73.7. Buying 🔼 is recommended.

Locally, the instrument is trading above the last descending channel, indicating a possible end to the correction and resumption of medium-term growth. The upper boundary of the channel is currently at 1831.84 and the lower boundary is at 1752.99.

In case the price returns to the upper boundary of the channel, it is possible to open a long position. If the price returns inside the channel and consolidates below the level 1831.84, speculative selling 🔽 with the target in the area of the lower boundary of the channel 1752.99 is also possible. If the price drops below the level 1763.3, it can be said at least that the uptrend has stopped, and at most, there will be a medium-term reversal downwards.

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