ETHUSD Technical Analysis | Bullish Target Setup 📈
Price is currently around 1,893.60. The chart shows a key support zone around 1,860–1,868, while price is testing the descending trendline. A sustained breakout above the trendline could open the path toward the marked target zone.
📌 Resistance
• R1: 1,900–1,910
• Major Resistance: 1,930–1,940
📌 Support
• S1: 1,880
• Major Support: 1,860–1,868
🎯 Bullish Targets
If price breaks and holds above the descending trendline:
• Target 1: 1,910 🎯
• Target 2: 1,920 🎯
• Target 3: 1,930–1,940 🎯
📊 Technical View
Price is approaching the descending trendline after holding above the marked support zone. A confirmed breakout and retest could strengthen the bullish scenario toward the 1,930–1,940 target zone.
🔄 Bearish Invalidation
Failure to break the trendline followed by a move below 1,880 could bring price back toward the 1,860–1,868 support zone.
⚠️ Risk Management
This is chart-based technical analysis and represents possible market scenarios, not guaranteed results or financial advice. Always confirm the breakout/retest and manage risk according to MY own strategy.
Price is currently around 1,893.60. The chart shows a key support zone around 1,860–1,868, while price is testing the descending trendline. A sustained breakout above the trendline could open the path toward the marked target zone.
📌 Resistance
• R1: 1,900–1,910
• Major Resistance: 1,930–1,940
📌 Support
• S1: 1,880
• Major Support: 1,860–1,868
🎯 Bullish Targets
If price breaks and holds above the descending trendline:
• Target 1: 1,910 🎯
• Target 2: 1,920 🎯
• Target 3: 1,930–1,940 🎯
📊 Technical View
Price is approaching the descending trendline after holding above the marked support zone. A confirmed breakout and retest could strengthen the bullish scenario toward the 1,930–1,940 target zone.
🔄 Bearish Invalidation
Failure to break the trendline followed by a move below 1,880 could bring price back toward the 1,860–1,868 support zone.
⚠️ Risk Management
This is chart-based technical analysis and represents possible market scenarios, not guaranteed results or financial advice. Always confirm the breakout/retest and manage risk according to MY own strategy.
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Forex • Gold • Crypto | Market Analysis & Trading Ideas
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TradingView Premium Member | Educational purposes only. Trade responsibly & manage risk.
t.me/+d53OPxsAbPMwYTNk
Forex • Gold • Crypto | Market Analysis & Trading Ideas
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TradingView Premium Member | Educational purposes only. Trade responsibly & manage risk.
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