"ETH/USDT 15-Minute Chart Analysis: Breakout and Fibonacci Targe

kemarin

This is a 15-minute ETH/USDT chart from Binance with technical analysis, including resistance levels, Fibonacci retracement, and trade setup.
Key Observations:
Resistance Zones:

The two red circles at the top indicate previous strong resistance levels where the price has been rejected.
The price might struggle at these levels again unless strong buying pressure breaks through.
Support Zone:

The red circle at the bottom marks a significant support level where the price rebounded.
This level acted as a turning point for the recent bullish move.
Fibonacci Retracement:

A Fibonacci retracement is drawn, dividing the price movement into different zones.
The green zone (lower section) represents strong support.
The red zone (middle section) is a critical decision point where price could reverse or continue upward.
The blue and orange zones (upper section) indicate profit targets.
Trade Setup (Bullish Scenario):

Entry Point: Price has broken above a key resistance level.
Target Levels: The chart suggests potential targets around $2,320, $2,360, and $2,380 (as shown by the arrows).
Stop Loss: Should be placed below the nearest support zone to minimize risk.
Conclusion:
Bullish Bias: The price is attempting to break key resistance, indicating further upside potential.
Breakout Confirmation: If ETH/USDT sustains above the resistance, it could rally to the next Fibonacci levels.
Risk Management: If rejection occurs at resistance, a reversal to lower support levels is possible.

kemarin

Trade aktif

Key Resistance Levels: Previous highs marked with red circles may act as strong barriers.
Support Zone: Identified at the recent swing low, providing a strong base for the bullish move.
Fibonacci Retracement: Price is moving through key levels, with potential targets at $2,320, $2,360, and $2,380.
Trade Setup: Entry after breakout confirmation, stop loss below support, and targets based on Fibonacci extensions.
Risk Management: Watch for rejection at resistance; failure to break may lead to a reversal.

kemarin

Trading ditutup: target tercapai

Key Resistance Zone: Price has tested but failed to break above the highlighted red box, indicating strong selling pressure.
Support Levels: Immediate support at $138, with a deeper support near $126 if a breakdown occurs.
Bearish Scenario: A rejection from resistance could push the price downward toward the $138 support level.
Breakdown Confirmation: If $138 fails to hold, the next target would be $126.
Risk Management: Stop-loss should be placed above resistance to minimize risk if the price reverses bullish.