90% Accurate Ethereum Technical Analysis (Short Term) – 07-Oct-2022

Ethereum Technical Analysis 07-Oct-2022
Ethereum Technical Analysis 07-Oct-2022 | Image: Phemex
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Ethereum Technical Analysis – 1-Hour Candle Stick Chart, Short Term Recommendation (Intra-Day)

Technical ParametersValueInterpretationRecommendation*
Current Price1354Current Price < Yesterday’s PriceBearish
Yesterday’s Price1367
EMA 201357EMA 20 ≈ EMA 50Neutral
EMA 501354EMA 50 > EMA 100Bullish
EMA 1001345EMA 100 > MA 200Bullish
MA 2001331Current price > MA 200Bullish
MACD 19 39 9MACD crossed down signal lineBearish
RSI 1446RSI 14 ≈ RSI 200Neutral
RSI 20049RSI has plenty of room to increase or decrease further – Neutral
Volume2.49 MVolume decreased while price remained flatNeutral
ATR 149.32ATR 14 < Yesterday’s ATR 14Market is consolidating. Wait for break-out
Yesterday’s ATR 1411.44
Resistance 11383
Resistance 21474
Support 11325
Support 21276
PositionShort
Entry Price1347Price is hovering around Fibonacci 50% level. Wait for red long bodied candle.
Stop Loss1366
Leverage10xOwing to the market uncertainty, keep lowest possible leverage.
Take Profit 11333
Take Profit 21318
Date07-Oct-2022
Time11:00 IST
Ethereum Technical Analysis

*Recommendations are speculative. Getaka Doesn’t bear any responsibility if there is any financial loss whatsoever

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