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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.