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$ETH 📊 March 13th - Secondary Pancake Market Analysis & Strategy
ETH 🪙:
The short-term price rallied to near the Bollinger Band upper rail at 2148.62 before pulling back. Current price is 2106.66, with resistance from the upper rail becoming evident. A MACD death cross signal has appeared (DIF: 11.64 < DEA: 13.45, MACD histogram turned green), indicating weakening short-term bullish momentum with expectations of pullback and consolidation.
Price continues to trade above the Bollinger Band mid-rail at 2100.99, with strong mid-rail support. If price retests and stabilizes, it is expected to continue higher. If the mid-rail breaks down, the lower rail support near 2053.36 will be tested below.
🎯 Secondary Pancake Strategy (Primary Long)
• Long Entry Zone: 2090-2100
• First Target: 2130
• Second Target: 2145
• Stop Loss: 2070