We have to start over in ETHUSD.
It seems there's a confluence of indicators in the 160-170. That zone contains prior highs from Jan and Feb and the late August low. The 160-170 area is also the location of a diagonal Fib speed resistance line. If ETH can't hold up here, then it may be a repeat of July. In that case, ETHUSD broke above the Fib speed line and then failed. Once ETHUSD came back down below that line, a big move lower started four days later.
Bottom Line: When it comes to ETHUSD, it feels like less is more. The less we say, the better.
It seems there's a confluence of indicators in the 160-170. That zone contains prior highs from Jan and Feb and the late August low. The 160-170 area is also the location of a diagonal Fib speed resistance line. If ETH can't hold up here, then it may be a repeat of July. In that case, ETHUSD broke above the Fib speed line and then failed. Once ETHUSD came back down below that line, a big move lower started four days later.
Bottom Line: When it comes to ETHUSD, it feels like less is more. The less we say, the better.
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.