ETH - RSI Target 65.46 / $2,500
A little experiment as I'm keen to make the next the sell target on ETH more challenging.
Purley based on RSI my estimate is $2500.
- RSI target coincides with the retest of ascending resistance back end of March 2022 - Circled in Orange/tip of Bear Flag. Matching this level would not result in a similar price range but rather price at the resulting horizontal resistance - Red horizontal line
Overlaying a few other indicators the target checks out:
- The descending resistance line form 2021 coincides with this target - Yellow Dotted line
- There is the 200DMA running through - which ETH should break briefly
- ETH/BTC would be around 0.07 if the price target is reached which is effectively the retest of the ascending resistance
- Coincides with my BTC target of
41K
Assuming this is realised, from here I'll be short back on the final wave back to $1000 price range. This $2500 will form a significant resistance target to break when ETH revisits mid 2023.
Just and Idea.
Best, Hard Forky
BTC Long after 8 Months of Shorting
ETH/BTC Target - retest of ascending resistance
Purley based on RSI my estimate is $2500.
- RSI target coincides with the retest of ascending resistance back end of March 2022 - Circled in Orange/tip of Bear Flag. Matching this level would not result in a similar price range but rather price at the resulting horizontal resistance - Red horizontal line
Overlaying a few other indicators the target checks out:
- The descending resistance line form 2021 coincides with this target - Yellow Dotted line
- There is the 200DMA running through - which ETH should break briefly
- ETH/BTC would be around 0.07 if the price target is reached which is effectively the retest of the ascending resistance
- Coincides with my BTC target of
41KAssuming this is realised, from here I'll be short back on the final wave back to $1000 price range. This $2500 will form a significant resistance target to break when ETH revisits mid 2023.
Just and Idea.
Best, Hard Forky
BTC Long after 8 Months of Shorting
ETH/BTC Target - retest of ascending resistance
Not
On the MoveNot
On targetNot
ETHBTCNot
on targetNot
target remains, timings adjusted
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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.
İlgili yayınlar
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.