Friends, hello everyone! Today, for the first time, I post an analysis of the cryptocurrency, I hope not for the last time. Today looking at ETH / USDT.The deal is short-term and not very profitable, therefore, we will not even consider this as a signal, since it is rather risky to enter such an unprofitable coin with such volatility. But, as an analysis, let it remain.
On the daily chart, we observe a generalan upward trend, and, in principle, an upward trend over the past year. However, in the local trend over the last month, a resistance level was formed at the level of 3691.86, and at the moment the price has broken it and is tending upward. If the bar closes above this resistance, you can bet that the price will continue its bullish movement.
In this case, TP- 3897.2 (4%); SL- 3524.18 (5.9%)
Yes, the profit is negligible, but this situation also needs to be considered, maybe it will be useful to someone.
I do not recommend entering a trade, the risks are high.
Thank you all for your attention, good luck !!!