No indicators, just straight up FIBS and trend patterns.
on the 2 week chart, ETH has dropped below the .25 using the FIB channel. that resistance confirms that the price will stop here and drop down to the 500 to 700 area.
A lot of longs are put in at this area so the price would need to drop in half in order to liquidate the 2x orders so 600 is a fair assessment.
After this last dip I see a breakout of this falling bullish wedge which would bring the measure move price back up to 2500 but I am guessing by JULY 2023 it'll reject off the Golden pocket at the .382
Just look at how beautiful the price plays the fib channel in this chart over the passed 7 years. I'm still amazed at hot accurate they are.
-KRJcrypto-
on the 2 week chart, ETH has dropped below the .25 using the FIB channel. that resistance confirms that the price will stop here and drop down to the 500 to 700 area.
A lot of longs are put in at this area so the price would need to drop in half in order to liquidate the 2x orders so 600 is a fair assessment.
After this last dip I see a breakout of this falling bullish wedge which would bring the measure move price back up to 2500 but I am guessing by JULY 2023 it'll reject off the Golden pocket at the .382
Just look at how beautiful the price plays the fib channel in this chart over the passed 7 years. I'm still amazed at hot accurate they are.
-KRJcrypto-
KRJcrypto
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.
KRJcrypto
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.