Ethereum; Falling Wedge
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Here I've displayed macro Fibonacci trend lines and retracements, this has included extra levels which are in conjunction with a multitude of Fibonacci levels in order to create clearly strong levels/zones which I have distinguished by color, analyzing even the most shallow of retracements of either direction.
It would appear that a falling wedge is an inevitable formation that will occur within the time frame shown in the analysis along with simple price targets for both directions when either side break successfully.
Surely a break will occur before the time frame given as that is a rather long time due to this being a in-depth macro representation of Fibonacci trend lines and retracements combined, alterations will occur due to this reason but will essentially still be a falling wedge pattern.
The purpose of this analysis is to display the importance of these macro levels and trump alternative analysis based on trend-lines and levels, along with displaying how this appears in a smaller time frame (12h)
It would appear that a falling wedge is an inevitable formation that will occur within the time frame shown in the analysis along with simple price targets for both directions when either side break successfully.
Surely a break will occur before the time frame given as that is a rather long time due to this being a in-depth macro representation of Fibonacci trend lines and retracements combined, alterations will occur due to this reason but will essentially still be a falling wedge pattern.
The purpose of this analysis is to display the importance of these macro levels and trump alternative analysis based on trend-lines and levels, along with displaying how this appears in a smaller time frame (12h)
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Penafian
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