ETH is currently in a triangle so close to previous ATH, with a price target of 5000$(if we break top) which is also 0.618 level of Fib extention.
huge resistance will be expected at the price levels of 5200-5300$
if we break the triangle downwards, the price's next support level would be 4400-4500$
*last update went exactly as we predicted, u can see it here...
As u see eth formed a beautiful "h&s" pattern with volume support break out from the neck line(wich also is 0.786 lvl of fib)
the target price of this pattern would be above the previouse ATH. and u know with eth became defilationary, on longer time frames eth may reach higher price targets of even 6k!!! (1.618 fib lvl)
**as usual not a financial advice**
The worst case scenario for btc is the PRZ as i mentioned as "buy zone", IF we are looking for a new ATH before the 2021 ends.
If the mentioned PRZ level act as suport, (and by suport i mean a volume sup candle and closes above), we can set our eyes to levels shown above for taking profits area.
If this whole thing doesnt work out, i think we will see a blody...
End of correction wave in 15min time frame, good RR situation.
Both static and dynamic restistances show same levels
*this is not financial advise and any actions taken by this is your own responsibility*
***THE FOLLOWING ARE JUST MY PERSONAL IDEAS AND THE OUTCOMES OF TRADING BASED ON THESE ARE ALL ON YOU, THANKS***
Bullish market, forming n inverse cup n handle.
Currently bottom of the channel of the handle
Best entry point will be around 1800-1810 to price targets of 1850 with stop loss aroun 1780
If we break out the top of triangle in 1H time frame, we can expect to reach last time high(the green line).
Level 0.5 of fibo is a good resistance and
we can get the trigger when RSI indicator break the down trend line.
Please let me know what you guys think ;)
