ETHUSD retest completed ready to fly once again ?

28 de fev. de 2021

as we can see and I told before ETHUSD is getting weaker and weaker lower highs and lower lows seen and coming continuously and the price is falling more and more But...

BUT the question is here that when this falling ends ?

1.if we want to use Fibonacci retracement the end would be 1240(0.618% of Fibo ):


2.if we simply consider strong resistance that broke and now turn to support or available strong support that remains we can say the falling may continue to 1150 $ and then Red trendline broke and we will reach our targets
or even maybe ETHUSD now gets support and start great move to our targets

so 1. was definition of purple way and 2. was definition of Green paths available in chart so what are blue paths ?
blue paths are previous analysis that both targets reached and are :

and the first blue Arrow is :

Targets in this analysis are :
first. 1500$
second. 1700$(first target is more valid in this bearish market for now)


Hope you enjoy this analysis

<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>

1 de mar. de 2021

Trade fechado: objetivo atingido

+200 $ (+15%)