Long

ETH/USD Fib Circle Analysis

Mis à jour

Here I have provided a chart which represents the support and resistance levels of Ethereum using the Fibonacci circle, as you can see it does look like we are moving into a trend reversal into an upwards pattern back towards all-time-highs.

I believe that this will continue based on the chart above. Please let me know your comments and thoughts.

I have also circled critical points where we had major price action occur with lots of buying on sharp dips.

Note

Each portion of the circle represents a resistance line where you can take profits, each circle I drew shows the buy zones after hitting each resistance.

Note

Update for a potential buy zone

Note

Just broke through a major resistance, may just continue bullish without a large pullback, we shall see.

Note

Looks like we may see this possible buy zone, or else it might short further. Update soon.

Note

UPDATE: High demand, I tried to do a quick short on eth and had my SL triggered fast, price action is strong here.

Note

So far so good:

Numetric

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.