Ethereum finally refills the long expected gap from $200-$400
- Resistance at $400 is very strong, as two times in its lifetime rejected violently
BULL targets differing on the meaning of significance:
- TECHNICAL (May/June follow up) = $700
- PSYCHOLOGICAL (all time follow) = $800 (200% fib)
(The width of the target bars shall not be seen as time periods to take - ETH will most probably take longer to take these)
(Small) BEAR correction possible:
- What we are missing is a well formed related cup handle, that would add credence to the potential rally, as also we missed out similar cup-end formation with the mid-OCT $350 fakeout
- Play out would mark the red angle
- Rebuys in the $330-$350's entirely possible
A direct BULL up here from $400 would most probably fail at max $500 (macro 127% / recent 161% fib trace), as also of overbought conditions to play out immediately
- Resistance at $400 is very strong, as two times in its lifetime rejected violently
BULL targets differing on the meaning of significance:
- TECHNICAL (May/June follow up) = $700
- PSYCHOLOGICAL (all time follow) = $800 (200% fib)
(The width of the target bars shall not be seen as time periods to take - ETH will most probably take longer to take these)
(Small) BEAR correction possible:
- What we are missing is a well formed related cup handle, that would add credence to the potential rally, as also we missed out similar cup-end formation with the mid-OCT $350 fakeout
- Play out would mark the red angle
- Rebuys in the $330-$350's entirely possible
A direct BULL up here from $400 would most probably fail at max $500 (macro 127% / recent 161% fib trace), as also of overbought conditions to play out immediately
Nota
Right BULL up -> $500 fail ($491)
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.