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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