A highly likely scenario for ETH
the analysis is based on price action, volume and classic technical method.
I assume the price is going to retest one of the Fibonacci levels, remarked by a green rectangular, then break the Green trend line and the triangle pattern.
On the other hand, If you determine the pattern as A double bottom, it is also absolutely true because its scale is less than 30% of the previous wave. to approve this claim, we should not expect prolonged time correction.
As the oil price decreases the possibility of a deeper correction in the bearish market can be anticipated.
I assume the price is going to retest one of the Fibonacci levels, remarked by a green rectangular, then break the Green trend line and the triangle pattern.
On the other hand, If you determine the pattern as A double bottom, it is also absolutely true because its scale is less than 30% of the previous wave. to approve this claim, we should not expect prolonged time correction.
As the oil price decreases the possibility of a deeper correction in the bearish market can be anticipated.
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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.