Hello again. Today, I decided to share my next view at weekly chart.
After my last TA, Ether almost reached my target from half February at 75usd level. IMO, nobody of you expected it could turn onto the truth. While bottom probably istn't still in, it's time to show my accumulation zone area. It will be green zone, everywhere between 0 and 0.236 Fibonacchi levels.
Further, chart showing the ascending regression channel - with price median in the middle, as the actual price action creating local average / dotted line /.
Price can also fall to weekly S1. Whole accumulation zone could be kind of unstable territory , I will start averaging very slowly, without any FOMO.
Keep in mind that overleveraged positions in unregulated market are making a lot of unexpected moves.
... Market is manipulated by exchanges. Trading is gone. Volume dropped ( = bottom is near ) and HODL time could comming soon.
*This is not a financial or investment advice. Never trade/invest, by my personal ideas.
Best regards, Emvo.
Komen
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I will update in daily chart.
Komen
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Some short-term vision. If you compare volume of wave A and D, you havo to asume that breakout isn't yet occured.
Komen
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382 Fibo rejected at daily timeframe. I am bearish.
Komen
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Ether hit top of regression channel around 188usd. If breakout not occure, I am waiting for downside price action.
Komen
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Upside channel broken upside and now is sitting around golden ratio Fibo 0.65 and 0.618 levels.