ETH.USDT (Y20.P4.E4).Looking to go long
Diupdate
Hi All,
ETH looks more bearish than a correction however like many of the ALTs we see it dropping at a quicker rate and also we have the BTC dominance shadow overlooking most of the ALTs.
Looking at this chart, I have the ABC correction with two possible targets, $287 which has confluence with the horizontal prior resistance with the bottom trend line in black.
Note, the fib level (0.618) on this channel as has confluence, so $287 is a strong candidate at this point.
Do note how the 50 MA ($390) is now acting as the downward pressure.
The 2nd target, is the 200 MA on the daily, orange line, which means a deeper correction.
I will be using the Stoch RSI and Phoeix to also give agreement if and when these levels are hit.
But for now, I will be looking at $311 September support.
Please give me a like or tick for this post.
Regards,
S.SAri
DAILY chart:
3 DAY chart: Downward pressure still there with 1 and 1/2 days for that candle to close
ETH looks more bearish than a correction however like many of the ALTs we see it dropping at a quicker rate and also we have the BTC dominance shadow overlooking most of the ALTs.
Looking at this chart, I have the ABC correction with two possible targets, $287 which has confluence with the horizontal prior resistance with the bottom trend line in black.
Note, the fib level (0.618) on this channel as has confluence, so $287 is a strong candidate at this point.
Do note how the 50 MA ($390) is now acting as the downward pressure.
The 2nd target, is the 200 MA on the daily, orange line, which means a deeper correction.
I will be using the Stoch RSI and Phoeix to also give agreement if and when these levels are hit.
But for now, I will be looking at $311 September support.
Please give me a like or tick for this post.
Regards,
S.SAri
DAILY chart:
3 DAY chart: Downward pressure still there with 1 and 1/2 days for that candle to close
Catatan
16 hrly chart, keeping an eye on this levelCatatan
Trade aktif
Post updates will be on this followup post.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.