As per my ADA, AVAX observation published in a previous post where they both stopped short below the 1.618 FIB R level. I am hereby applying the same formula to ETH where it can potentially get capped at $5,500 for now before a deep correction. And whether this deep corrections takes into the an extended bull market or a bear market, that is yet to be seen.
DISCLAIMER:
While these targets can be seen as conservative or gloomy for some, I'd rather be on the safe side than get caught with my pants down as what happened to most in May 19th. For me, I am witnessing a market cycle being extended with a potential of a correction in the coming weeks. Be it triggering a bear market or not, that remains to be seen based on Weekly SMAs in time.
DISCLAIMER:
While these targets can be seen as conservative or gloomy for some, I'd rather be on the safe side than get caught with my pants down as what happened to most in May 19th. For me, I am witnessing a market cycle being extended with a potential of a correction in the coming weeks. Be it triggering a bear market or not, that remains to be seen based on Weekly SMAs in time.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.