EthereumLong
Using Fibonacci to project ETH cycle top prices:
Looks pretty straight forward.
Notice how on the smaller time hoizon (right fib) we see the price run right into the 1.168 levels. The next tier after that (2.168) on the small timeframe somewhat coincides with the 1.168 on the higher timeframe which is approximately $6000 - 6,200. I will be exiting my positions and shorting at these levels.
Notice how on the smaller time hoizon (right fib) we see the price run right into the 1.168 levels. The next tier after that (2.168) on the small timeframe somewhat coincides with the 1.168 on the higher timeframe which is approximately $6000 - 6,200. I will be exiting my positions and shorting at these levels.
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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.