What a week for Ethereum, congrats to everyone who managed to take some profits along the way! I do not think we are quite done yet. After a short correction, I believe we will see growth to $900-950, the 1.68 fib extension from the $440 price.
* NOTE PLEASE IGNORE THE FLOATING "T: Buy Zone 1", I must have left it there but it is not part of my analysis *
It's expected to see some consolidation after such dramatic increases. Those who have made profits are going to start looking to take them. Our first support region is around ~$650, although caution is advised because I believe a price target closer to $600 is possible. There is fibonacci confluence there. I will be looking for reentry in the range described, while looking to take profits in the $900-$950 region mentioned.
Once the correction finishes and we start to see growth, we will likely see resistances at the ATH's from the last few days at around $750.
** Comments and critiques always welcome, especially contrasting ideas
** @CAG_CryptoTA
* NOTE PLEASE IGNORE THE FLOATING "T: Buy Zone 1", I must have left it there but it is not part of my analysis *
It's expected to see some consolidation after such dramatic increases. Those who have made profits are going to start looking to take them. Our first support region is around ~$650, although caution is advised because I believe a price target closer to $600 is possible. There is fibonacci confluence there. I will be looking for reentry in the range described, while looking to take profits in the $900-$950 region mentioned.
Once the correction finishes and we start to see growth, we will likely see resistances at the ATH's from the last few days at around $750.
** Comments and critiques always welcome, especially contrasting ideas
** @CAG_CryptoTA
Not
So far right on track!
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.