Ether macro targets.

Updated

Hello again. I decided to post here my new idea based on 2 possible channels at daily chart.
Halving could play a big role for direction decidement. I will follow targets of the Regression trend channel.
It's macro analysis without exact timeframe, so it isn't very detailed. Consider it, please.
Everything's important is drawn basically way in my TA , with Fibonacchi levels to watch.

Also important level could be the high from 26 June 2019 at 384.10 usd ( FIBO 1.618 ).

Let's see what will future brings.
I will try to update by time.
Sincerely yours Emvo.
*This is not a financial advice.

Note

Just closer look.

Note

Ether broke channel yesterday and now it's testing as support. Bitcoin is near gold cross around corner. But isn't sure if happen. That could decide everything.

Note

I can show you similar price action at Bitcoin. Rising wedge, above channel and waiting for golden cross.

Note

Crypto greed index is at the same level like in the summer 2019 before breakdown.

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Bitcoin fell below daily lows. Never good sign.

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Breakdown below 235.50 usd could accelerate fall.

Note

Ether almost hit 75 dollars. Who believed this back in mid February ? : P

Trade closed: target reached

New TA upgraded.

Emvo

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