Short-term (minutes/hourly on Investing.com): Sell / Strong Sell โ indicates caution in scalping
๐ Key Levels:
Support: $4,050 โ $4,100
Resistance: $4,200 โ $4,300
๐ Trend Outlook: ETH is consolidating but preparing for a potential breakout towards $4,200+ if buyers hold the $4,100 zone.
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โก Todayโs Signal:
Buy Zone: $4,100 โ $4,130
Target 1: $4,200
Target 2: $4,300
Stop Loss: Below $4,050
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๐ Conclusion
Overall, Ethereum remains a Buy on medium-to-long time frames, but short-term traders should exercise caution. A confirmed breakout above $4,200 could trigger the next leg upward.
BNB (Binance Coin) is currently trading around $829.30, showing slight downside momentum in the early session. However, technical indicators are pointing towards a bullish breakout potential.
๐ Technical Rating: โBuyโ to โStrong Buyโ across most timeframes
๐ Key Levels:
Support: $819 โ $820
Resistance: $850 (watch for breakout)
๐ข Pattern: Bullish Triangle formation โ possible breakout above $850 could lead to further upside momentum
๐ Short-Term Outlook: Positive with strong buying signals dominating
โก Todayโs Signal:
Buy Zone: $820 โ $830
Target 1: $850
Target 2: $870
Stop Loss: Below $810
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๐ Conclusion
BNB is showing strong accumulation and is likely to test $850+ soon. A confirmed breakout could trigger a bigger rally. Traders are advised to stay alert around the resistance level and manage risk with proper stop-loss.
PROVE has been under selling pressure today, testing the $1.31 support zone. With RSI sitting near 23, the token is in an oversold condition, which often signals a potential short-term rebound.
Immediate Support: $1.30 โ $1.31
Immediate Resistance: $1.34 โ $1.36
Consolidation Range: $1.32 โ $1.38
If the price breaks below $1.29, further downside could follow toward $1.25. However, a bounce above $1.34 could push PROVE back toward $1.36โ$1.38.
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๐ฏ Trading Signals
๐น Long Setup (Rebound Play)
Entry Zone: $1.245 โ $1.250
Targets: $1.295 โ $1.325 โ $1.345
Stop-Loss: $1.220
๐น Short Setup (Continuation)
Entry Zone: Around $1.2920
Targets: $1.275 โ $1.260 โ $1.245
Stop-Loss: $1.305
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โก Strategy Notes
RSI indicates oversold โ bounce possible.
Use strict stop-losses to minimize risk.
Watch for a breakout from the $1.32 โ $1.38 range for the next major move.
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๐ Conclusion
PROVE is at a critical support level today. Short-term traders can look for rebound opportunities, while cautious players may wait for confirmation of a breakout. Risk management remains key in this volatile setup.