Sen_Crypto

đź”´ETHUSD Macro Update MAY22 2024

COINBASE:ETHUSD   Ethereum
BTCUSDT has now hit the short term take profits range at 71-73k range from the 60ks average support.
Now will give price action time to either clear the resistance or breakout out to the next level at 79-81k range. So must take some profits.
The 3D MACD is attempting to cross positive, Will keep a close eye one it.

ETHUSDT also broke out from the $2850-3150 macro pivot support.
Its 3D MACD is positive. This could be a fractal from the last positive crossover on the 3D in early February in which the price action rallied 70%.

$3650 is a M pivot as it failed to close above it in March.
Therefore, closing above $3650 in May could strengthen the macro Bull Trend.
The next level of Resistance is at $5000.

So far Alts are weak against ETH possibly due to the ETHER ETF high approval chance.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.