ETHUSD *CAUTION* SCENARIO MARKET CIPHER ANALYSIS

278
We are staring down an eerily similar scenario from the transition from August into September, with a Red Diamond indicating a bearish Heikin Ashi Candle looming on the Horizon, and a Darth Maul Saber Candle finish to the Week. What followed September's Scenario was a retest of the 21 Day Weekly moving average in Candle #3, after a pump test in the First Candle (week). Will we see a pump to the Upper Price Resistance Fibonacci level at $680, followed by a plummet as occurred in September, or will we break $680 and flip that number into support and head into Ethereum price discovery along with Bitcoin??

My setup is a Warning that if we do retest the next Fibonacci upper resistance line and are rejected, that we may face a similar 30+% fall over the coming Four weeks for Ethereum and a potential retest of the .382 Fibonacci support line and 21 Weekly moving average. Let's hope we break $680 and go for the moon!

Much love,
-Contortionist

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.