90% Accurate Ethereum Technical Analysis (Short Term) – 29-Sep-2022

Ethereum Technical Analysis 29-Sep-2022
Ethereum Technical Analysis | Image: Phemex
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Ethereum Technical Analysis – 1-Hour Candle Stick Chart, Short Term Recommendation (Intra-Day)

Technical ParametersValueInterpretationRecommendation*
Current Price1339Current Price > Yesterday’s PriceBullish
Yesterday’s Price1283
EMA 201329EMA 20 > EMA 50Bullish
EMA 501326EMA 50 = EMA 100Crossing up, Bullish
EMA 1001326EMA 100 > MA 200Bullish
MA 2001319Current price > MA 200Bullish
MACD 19 39 9MACD crosses up signal lineBullish
RSI 1456RSI 14 > RSI 200RSI 14 has plenty of room to increase further – Bullish
RSI 20048RSI has plenty of room to increase further – Bullish
VolumePrice increased with the increase in volumeBullish
ATR 1416.75ATR 14 < Yesterday’s ATR 14Market is consolidating. Wait for break-out
Yesterday’s ATR 1418
Resistance 11342
Resistance 21473
Support 11280
Support 21241
PositionLong
Entry Price1351Price touched Fibonacci 61.8% level. If any bullish candle forms and complemented by MACD, take position
Stop Loss1326
Leverage10xOwing to the market uncertainty, keep lowest possible leverage.
Take Profit 11367
Take Profit 21400
Take Profit 31435
Date29-Sep-2022
Time09:52 IST
Ethereum Technical Analysis
Price is at 61.8% level. If the price breaks this level in upward direction, take long position.
Price is at 61.8% level. If the price breaks this level in upward direction, take long position.

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

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