Lina Engword ⚡
1w ago
ETHUSDT.P: In-depth Trend Analysis and Today's Strategy by Lina Engword⚡📉
Greetings, fellow traders! Lina Engword is back. Today, we will delve into the analysis of ETHUSDT.P to identify potential trends and trading strategies for today.
Data as of: April 5, 2025, 2:42 PM (Bangkok Time)
Current Price: 1,814.32
Previous Weekly High (PWH): 2,104.99
Previous Weekly Low (PWL): 1,766.48
Recent Market Overview:
ETHUSDT.P is currently in a consolidation phase after a recent downward correction. We are observing attempts to establish a new price base. Analyzing across different timeframes will provide a clearer overall picture.
Technical Trend Analysis:
- Short-term Timeframes (15m, 1H): On the 15-minute and 1-hour charts, we observe sideways movement with no clear direction. Price is fluctuating within a relatively tight range, indicating a struggle between buying and selling pressure. We need to wait for a clear signal before making a decision.
- Mid-term Timeframe (4H): The 4-hour timeframe is showing increasing signs of selling pressure. The price has failed to maintain above the EMA 50 and has formed Lower Highs, suggesting a potential for further downward movement. However, we still need confirmation from a significant support breakout.
- Long-term Timeframe (Day): On the daily chart, the overall trend remains sideways down. The price is trading below the EMA 200 and continues to form Lower Highs. The inability of the price to break above key resistance levels indicates that selling pressure remains influential in the long term.
Comparison of Indicator Trends:
- Aligned Trends (Predominantly Bearish in Mid and Long Term): Price targets may move down to test the PWL and potentially create a new Lower Low.
- Divergent Trends (Short Term Unclear): Short-term fluctuations may create trading opportunities on both sides, but clear signals are needed to confirm direction.
- Rationale: Given the prevailing bearish sentiment in the mid and long term, considering short trades upon clear signals is more favorable. However, short-term uncertainty necessitates waiting for advantageous setups with appropriate risk management.
Trend Summary:
- Short Term: Sideways (55% Probability)
- Mid Term: Down (60% Probability)
- Long Term: Down (70% Probability)
- Today: Potential for Sideways Down movement, with overall mid- and long-term selling pressure but caution against short-term buying interest (60% Probability of Sideways Down).
Example Daily Trade Setup:
Example 1 (Waiting for Resistance Confirmation):
- Enter: Wait for a price rebound near the resistance level on the 1H chart (e.g., Bearish OB or Fibonacci Retracement) and the formation of a clear Bearish Price Action signal (e.g., Bearish Engulfing or Shooting Star).
- TP: Consider the first support level on the 1H chart and the main target at the PWL of 1,766.48.
- SL: Slightly above the High of the Bearish Price Action signal.
- RRR: Approximately 1:2.5 or higher.
- Rationale: We will wait for the price to move into a resistance zone where selling pressure is likely to occur and for a confirmation signal that sellers have indeed returned before entering a short position to reduce risk and increase profit potential.
Example 2 (Breakout Confirmation):
- Enter: Wait for the price to break out of a significant support level on the 15m or 1H chart with a notable increase in volume.
- TP: Consider the next support level on the 4H chart.
- SL: Slightly above the previous High or near the broken support level (awaiting a re-test).
- RRR: Approximately 1:3 or higher.
- Rationale: For this setup, we will wait for the price to break a key support level to confirm strong selling momentum and enter a short position following the momentum, with a Stop Loss set to limit risk in case of a price reversal.
Example 3 (Safety First, Waiting for Money Flow Signal):
- Enter: Wait for the Money Flow signal on the 15m or 1H chart to clearly turn downward after a minor upward price movement.
- TP: Consider the first support level on the 15m or 1H chart.
- SL: Above the High prior to the Money Flow signal turning downward.
- RRR: Approximately 1:2 or higher.
- Rationale: Waiting for the Money Flow signal helps filter out noise and increases confidence in entering a trade aligned with the flow of capital.
Disclaimer: This analysis is a personal opinion and should not be considered investment advice. Investors should conduct thorough research and make decisions with caution.
Wishing you all the best in your trading today! See you again in the next analysis!
Lina Engword
Greetings, fellow traders! Lina Engword is back. Today, we will delve into the analysis of ETHUSDT.P to identify potential trends and trading strategies for today.
Data as of: April 5, 2025, 2:42 PM (Bangkok Time)
Current Price: 1,814.32
Previous Weekly High (PWH): 2,104.99
Previous Weekly Low (PWL): 1,766.48
Recent Market Overview:
ETHUSDT.P is currently in a consolidation phase after a recent downward correction. We are observing attempts to establish a new price base. Analyzing across different timeframes will provide a clearer overall picture.
Technical Trend Analysis:
- Short-term Timeframes (15m, 1H): On the 15-minute and 1-hour charts, we observe sideways movement with no clear direction. Price is fluctuating within a relatively tight range, indicating a struggle between buying and selling pressure. We need to wait for a clear signal before making a decision.
- Mid-term Timeframe (4H): The 4-hour timeframe is showing increasing signs of selling pressure. The price has failed to maintain above the EMA 50 and has formed Lower Highs, suggesting a potential for further downward movement. However, we still need confirmation from a significant support breakout.
- Long-term Timeframe (Day): On the daily chart, the overall trend remains sideways down. The price is trading below the EMA 200 and continues to form Lower Highs. The inability of the price to break above key resistance levels indicates that selling pressure remains influential in the long term.
Comparison of Indicator Trends:
- Aligned Trends (Predominantly Bearish in Mid and Long Term): Price targets may move down to test the PWL and potentially create a new Lower Low.
- Divergent Trends (Short Term Unclear): Short-term fluctuations may create trading opportunities on both sides, but clear signals are needed to confirm direction.
- Rationale: Given the prevailing bearish sentiment in the mid and long term, considering short trades upon clear signals is more favorable. However, short-term uncertainty necessitates waiting for advantageous setups with appropriate risk management.
Trend Summary:
- Short Term: Sideways (55% Probability)
- Mid Term: Down (60% Probability)
- Long Term: Down (70% Probability)
- Today: Potential for Sideways Down movement, with overall mid- and long-term selling pressure but caution against short-term buying interest (60% Probability of Sideways Down).
Example Daily Trade Setup:
Example 1 (Waiting for Resistance Confirmation):
- Enter: Wait for a price rebound near the resistance level on the 1H chart (e.g., Bearish OB or Fibonacci Retracement) and the formation of a clear Bearish Price Action signal (e.g., Bearish Engulfing or Shooting Star).
- TP: Consider the first support level on the 1H chart and the main target at the PWL of 1,766.48.
- SL: Slightly above the High of the Bearish Price Action signal.
- RRR: Approximately 1:2.5 or higher.
- Rationale: We will wait for the price to move into a resistance zone where selling pressure is likely to occur and for a confirmation signal that sellers have indeed returned before entering a short position to reduce risk and increase profit potential.
Example 2 (Breakout Confirmation):
- Enter: Wait for the price to break out of a significant support level on the 15m or 1H chart with a notable increase in volume.
- TP: Consider the next support level on the 4H chart.
- SL: Slightly above the previous High or near the broken support level (awaiting a re-test).
- RRR: Approximately 1:3 or higher.
- Rationale: For this setup, we will wait for the price to break a key support level to confirm strong selling momentum and enter a short position following the momentum, with a Stop Loss set to limit risk in case of a price reversal.
Example 3 (Safety First, Waiting for Money Flow Signal):
- Enter: Wait for the Money Flow signal on the 15m or 1H chart to clearly turn downward after a minor upward price movement.
- TP: Consider the first support level on the 15m or 1H chart.
- SL: Above the High prior to the Money Flow signal turning downward.
- RRR: Approximately 1:2 or higher.
- Rationale: Waiting for the Money Flow signal helps filter out noise and increases confidence in entering a trade aligned with the flow of capital.
Disclaimer: This analysis is a personal opinion and should not be considered investment advice. Investors should conduct thorough research and make decisions with caution.
Wishing you all the best in your trading today! See you again in the next analysis!
Lina Engword
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