There are multiple confluences on the ETH chart:
- we are approaching the 0.618 retracement
- we have made a 1.618 extension from the base
- we have touched the channel high
- we are at the area from where ETH fell to $900
- we are at a high-volume area.
- we also reached the technical target of ETH in non-log scale (see my previous post)
Does this all mean that ETH will definitely fall from here? NO :)
There are no guarantees in trading. As traders, we should only take high confluence trades with a very effective risk management strategy.
We could easily break this level and go to the secondary target, which is around the all time high. (that's the technical target in log-scale)
Trading is risky and this is no trading advise.
- we are approaching the 0.618 retracement
- we have made a 1.618 extension from the base
- we have touched the channel high
- we are at the area from where ETH fell to $900
- we are at a high-volume area.
- we also reached the technical target of ETH in non-log scale (see my previous post)
Does this all mean that ETH will definitely fall from here? NO :)
There are no guarantees in trading. As traders, we should only take high confluence trades with a very effective risk management strategy.
We could easily break this level and go to the secondary target, which is around the all time high. (that's the technical target in log-scale)
Trading is risky and this is no trading advise.
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.