Thoughts
- Fib shown is overall daily Fib (includes ATH in 2017)
- Bounce off the 0.5 Fib and broken the 1HR downward trend line
- This 0.5 fib shows heavily supported zone
- Expecting a test of the 0.618 Fib where there is quite some resistance
- First, a confirmation of the break out of the DAILY trend line needs to occur
- Waiting for confirmation for a long position
- If confirmed trade will be entered on first pullback after breakout
- Will update
- Fib shown is overall daily Fib (includes ATH in 2017)
- Bounce off the 0.5 Fib and broken the 1HR downward trend line
- This 0.5 fib shows heavily supported zone
- Expecting a test of the 0.618 Fib where there is quite some resistance
- First, a confirmation of the break out of the DAILY trend line needs to occur
- Waiting for confirmation for a long position
- If confirmed trade will be entered on first pullback after breakout
- Will update
Nota
Update- Resistance was tested but it was disappointing
- It seems the daily trend line was broken (Fake breakout) and returned to below the trend line
- Broken below the 0.5 Fib and new mid term low
- ETH at 0.00754 is within a strong support zone but if we break below 0.0072 then a test of the 0.382 Fib is expected
- Bearish at the moment
- Looking to set buys at 0.006 but will re-evaluate in a week
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.