ETH Break Out
Eth was moving in a bullish channel. It encountered resistance at 3580.00 and later broke the upwards channel. The latest closed candle matches the 0.382 Fib level and I am expecting some consolidation.
- It can then either go back (as a retracement) and retest the channel for resistance -3409.14 level area.
- Or, what appears as a more likely scenario, it will consolidate at the 0.382 level for a bit and drop lower to another consolidation at the 0.618 level.
Either way, at the 1 Fib level.
Please let me know of any suggestions you may have.
- It can then either go back (as a retracement) and retest the channel for resistance -3409.14 level area.
- Or, what appears as a more likely scenario, it will consolidate at the 0.382 level for a bit and drop lower to another consolidation at the 0.618 level.
Either way, at the 1 Fib level.
Please let me know of any suggestions you may have.
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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.