Market Analysis of ETHUSDT, Friday 29 March 2024

2024-03-29 19:28Source:BtcDana

ETHUSDT is currently on downtrend. I expect the market to buy back into the resistance zone above, before it continue it trend to the downside. We have liquidity pool at the 3584 level and I expect the market to take out the liquidity then continue it sell trend from the 3584 resistance level. My sell trigger  price point is the 3584.46 level and my take profit target will be the next support level of 3460.

 

📊QUICK FUNDAMENTAL LOOK

Bitcoin market observers are firmly focused on the weekend as several key candles — the weekly, monthly and quarterly — close at once. After a transformational start to the year, BTC price action continues to hover around all-time highs while still facing difficulty flipping them to new support.

 

⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.

More