ETH - Short Term Analysis
Hello Traders, here is an update to my pervious post.
https://www.tradingview.com/chart/ETHUSDT/Wl71qzwT-Eth-Attempting-to-breakout-of-bullflag/
After hitting our price target that was shown over 3 weeks ago, price seems to be stalling out. On the 4H we can that currently we are creating a doji that could signal a reversal to the downside. If this occurs and we are not able to get above our last high here are our targets.
The main target I will be watching is 0.618 around $2,330 which is also in confluence with our yellow trendline (other fibs targets might play a role in short term bounces too). This yellow trendline has been significant as it was old resistance turned into new support. Therefore upon retest it should be continued support.
https://www.tradingview.com/chart/ETHUSDT/Wl71qzwT-Eth-Attempting-to-breakout-of-bullflag/
After hitting our price target that was shown over 3 weeks ago, price seems to be stalling out. On the 4H we can that currently we are creating a doji that could signal a reversal to the downside. If this occurs and we are not able to get above our last high here are our targets.
The main target I will be watching is 0.618 around $2,330 which is also in confluence with our yellow trendline (other fibs targets might play a role in short term bounces too). This yellow trendline has been significant as it was old resistance turned into new support. Therefore upon retest it should be continued support.
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.