Okay yes there's a lot of lines on this one, I puked all my thoughts out onto it and tried my best to explain with text. I categorized this as a Long, however with potential more downside first... here's why.
Summary:
- want to reclaim 50th percentile of the overall fib (and breakout of downward sloping channel, at the least the channel eq)
- want to hold current support @ 1281
- if triangle is in play, target below in yellow back to downward sloping range low
- previous range base was also a significant range form January 2021, interesting is all
- elliot wave counts left out, might upload those later but they're on my YT
- bearish order block above in red (tapped twice)
- 786 fib is a must hold imo if we want no lower
Let me know what you think of Ethereum's current price action - in the comments!
V
Summary:
- want to reclaim 50th percentile of the overall fib (and breakout of downward sloping channel, at the least the channel eq)
- want to hold current support @ 1281
- if triangle is in play, target below in yellow back to downward sloping range low
- previous range base was also a significant range form January 2021, interesting is all
- elliot wave counts left out, might upload those later but they're on my YT
- bearish order block above in red (tapped twice)
- 786 fib is a must hold imo if we want no lower
Let me know what you think of Ethereum's current price action - in the comments!
V
Vatsik
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.
Vatsik
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.