You are here: Home > articles > Forex > Trading Signals for Ethereum (ETH/USD) for April 10-15, 2024: sell below $2,364 (3/8 Murray – symmetrical triangle)
Trading Signals for Ethereum (ETH/USD) for April 10-15, 2024: sell below $2,364 (3/8 Murray – symmetrical triangle)
April 10, 2024 2:23 pmVideo
Latest News
- Technical Analysis – Citigroup stock pulls back ahead of earnings April 10, 2024
- Trading Signals for Ethereum (ETH/USD) for April 10-15, 2024: sell below $2,364 (3/8 Murray – symmetrical triangle) April 10, 2024
- EUR/USD and GBP/USD: Technical analysis on April 10 April 10, 2024
- Technical Analysis – USDJPY flies to new 34-year high April 10, 2024
- Technical Analysis – AUDCAD rebounds strongly from uptrend line April 10, 2024
- Banks Q1 earnings: Weak results despite stock outperformance – Stock Markets April 10, 2024
- Forex forecast 04/10/2024: EUR/USD, NZD/USD, USD/CAD and Oil from Sebastian Seliga April 10, 2024
- Technical Analysis – EURCHF eases slightly after 1-year peak April 10, 2024
- GBP/USD on April 10. USD does not rely on traders’ support April 10, 2024
- Technical Analysis – Is CADJPY setting the stage for its next bull run? April 10, 2024
- Technical Analysis – Is CADJPY setting the ground for its next bull run? April 10, 2024
- Technical Analysis – USDJPY flirts with intervention zone April 10, 2024
- Market Comment – Dollar and equities trade higher in anticipation of US CPI release April 10, 2024
- Technical Analysis – EURUSD oscillates within a sideways range April 10, 2024
- Technical Analysis – Gold attempts to unlock new high April 10, 2024
- Trading plan for GBP/USD on April 10. Simple tips for beginners April 10, 2024
- Trading plan for EUR/USD on April 10. Simple tips for beginners April 10, 2024
- Congrats on Winning in the Ramadan Challenge Promo April 10, 2024
- Forecast for EUR/USD on April 10, 2024 April 10, 2024
- Forecast for GBP/USD on April 10, 2024 April 10, 2024
ETH/USD is trading around 3,514 within the symmetrical triangle pattern, forming since March 6. On Sunday, ETH reached a high of 3,727, a level that coincided with the top of the symmetrical triangle. Now Ether is consolidating around the 21 SMA. So, we are likely to see a technical rebound in the coming hours or a continuation of the bearish movement.
In case ETH falls below the 21 SMA located at 3,468, it is likely to continue the bearish movement that began yesterday. The token may extend its slide towards the bottom of the symmetrical triangle pattern at about 3,230.
We believe that ETH could trade within this price range between 3,750 to 3,300 during the next few days. According to the symmetrical triangle pattern, the sideways channel is getting narrower.
If ETH/USD breaks and consolidates above 3,600, it could be seen as a signal to buy. In the short term, it could reach the high of 4,062 and could finally reach 6/8 of Murray located at 4,375.
Our trading plan for the next few hours is to continue selling Ether. Since we observe that there is a technical correction of ETH/USD and if it falls below 3,500, we could sell with targets at 3,410 and 3,230.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: