Just wanted to share this. Within the mahjor ascending parallel channel, ETHUSD is forming minor ascending and descending parallel channels breaking out in a timely manner upon reaching the top and bottom of major ascending channel. Its definitely interesting to note. Cheers!
Note: There was a mistake. I meant the fib retracement level 61.8 (268.87) and 65% (276.78) pocket.
Note: There was a mistake. I meant the fib retracement level 61.8 (268.87) and 65% (276.78) pocket.
Note
ETH has been testing that fib support many times now. Here is an update of what might happen if that support failsNote
ETH on a mission. That is a hard pull back. I always had a feeling that although everything was super bullish, they weren't gonna make it too straightforward for us and this is trapping more shorters for the fuel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.