EthereumLong
InvestMate|ETH/USD It's cheap, bottoms defendedđź’˛
đź’˛ETH/USD It's cheap, bottoms defended
đź’˛The post is a continuation of my earlier thoughts on eth/usd.
đź’˛In this post I have sorted out the whole current situation so that everyone can bring something up for themselves.
đź’˛I will describe in turn everything I have applied.
đź’˛Firstly, I determined a downtrend channel from where the price turned around and created the current lows.
đź’˛Then I ran a fibo measurement of the whole downward wave to find interesting price points.
đź’˛I also measured the waves from the bottom to the current peak in order to find supports.
đź’˛I determined the current accumulation range we have been in for more than 4 days.
đź’˛I determined a support zone based on a cluster of two fibo levels 0.236 and 0.5.
đź’˛I have determined a resistance zone at the 0.618 level of the entire downward wave in conjunction with where the price found previous support.
đź’˛The scenario I am playing out is to reach the support zone, disregarding possible corrections along the way.
đź’˛*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
đź’˛The post is a continuation of my earlier thoughts on eth/usd.
đź’˛In this post I have sorted out the whole current situation so that everyone can bring something up for themselves.
đź’˛I will describe in turn everything I have applied.
đź’˛Firstly, I determined a downtrend channel from where the price turned around and created the current lows.
đź’˛Then I ran a fibo measurement of the whole downward wave to find interesting price points.
đź’˛I also measured the waves from the bottom to the current peak in order to find supports.
đź’˛I determined the current accumulation range we have been in for more than 4 days.
đź’˛I determined a support zone based on a cluster of two fibo levels 0.236 and 0.5.
đź’˛I have determined a resistance zone at the 0.618 level of the entire downward wave in conjunction with where the price found previous support.
đź’˛The scenario I am playing out is to reach the support zone, disregarding possible corrections along the way.
đź’˛*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
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đź’˛ To keep up to date with all my activities I invite you to visit my Telegram đź’˛
đź’˛ t.me/Investmatez đź’˛
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đź’˛ To keep up to date with all my activities I invite you to visit my Telegram đź’˛
đź’˛ t.me/Investmatez đź’˛
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🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
đź’˛ To keep up to date with all my activities I invite you to visit my Telegram đź’˛
đź’˛ t.me/Investmatez đź’˛
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
đź’˛ To keep up to date with all my activities I invite you to visit my Telegram đź’˛
đź’˛ t.me/Investmatez đź’˛
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
Publications connexes
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.