Ethereum's breakout (potential fractal) points towards downside and volatility through May. The scaled fractal elements are marked: 1, 2, and 3.
ETHUSD's downside amount was calculated with Fibonacci, backed by an ascending support level and Volume Profile point-of-control. In order for Ethereum to reverse to the upside, there would have to be a significant uptick in on-balance volume (orange indicator). Currently, smart-money appears to be sending Ethereum lower.
Once this 'correction' is complete, I do anticipate a major, cyclical, parabolic, bullish oscillation to the upside. This would be backed by OBV and would putETHUSD in a position to challenge its extremely strong linear resistance.
ETHUSD's downside amount was calculated with Fibonacci, backed by an ascending support level and Volume Profile point-of-control. In order for Ethereum to reverse to the upside, there would have to be a significant uptick in on-balance volume (orange indicator). Currently, smart-money appears to be sending Ethereum lower. Once this 'correction' is complete, I do anticipate a major, cyclical, parabolic, bullish oscillation to the upside. This would be backed by OBV and would put
ETHUSD in a position to challenge its extremely strong linear resistance. Dagangan ditutup: sasaran tercapai
That was fast!! Ethereum tanked 35% in 24 hours to close well below my indicated target amount. And it did so in the span of a few days, as opposed to the months my bar forecast allowed. I'm blown away by how fast this worked.
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.