Hi All,
While looking into where I should sell ETH by just looking at key support and resistance, mixed with Fibonacci levels, I saw some fluidity in the current price movement and more so in its rhythm.
Hence I added the sine wave and to my surprise, it has confluence with the peaks and troughs, as per chart. Hence why I am now thinking my initial target 1 is only half way or so.
Right now we are at a major resistance level and I would expect we will take a month or 2 to get past this level. This equates well with BTC and its 10500 resistance range.
If we are to assume that BTC target for this run is about 10800 to 11500, then its reasonable to assume ETH will have an larger % increase and that target 2 is reasonable as well.
Note:
> The pullback is based on target 2 and 0.618 retracement.
> The sine rhythm is also occurring with BTC at a micro level. I will hence now see if there is any at the macro level
Let me know if this chart makes sense and give me a like as a response please.
Regards,
S.Sari
(for my reference, Master.Macro)
WEEKLY chart, with 10, 20, 50, 100 EMA role in the price action
4 HRLY chart indicates key fib levels are respected.
12 HR chart
While looking into where I should sell ETH by just looking at key support and resistance, mixed with Fibonacci levels, I saw some fluidity in the current price movement and more so in its rhythm.
Hence I added the sine wave and to my surprise, it has confluence with the peaks and troughs, as per chart. Hence why I am now thinking my initial target 1 is only half way or so.
Right now we are at a major resistance level and I would expect we will take a month or 2 to get past this level. This equates well with BTC and its 10500 resistance range.
If we are to assume that BTC target for this run is about 10800 to 11500, then its reasonable to assume ETH will have an larger % increase and that target 2 is reasonable as well.
Note:
> The pullback is based on target 2 and 0.618 retracement.
> The sine rhythm is also occurring with BTC at a micro level. I will hence now see if there is any at the macro level
Let me know if this chart makes sense and give me a like as a response please.
Regards,
S.Sari
(for my reference, Master.Macro)
WEEKLY chart, with 10, 20, 50, 100 EMA role in the price action
4 HRLY chart indicates key fib levels are respected.
12 HR chart
Nota
Scenario 2.Nota
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Penerbitan berkaitan
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.