ETH Daily Chart
According to the 1 day chart, ETH has yet to close below the .618 fib level. **
This indicates that there is still major support at $200, and with the current downtrend this level will likely be tested again.
As long as the $200 level is held, prices will probably fluctuate into the mid $220's until the downward trend is broken.
If the $200 level is broken, we will likely see another fall all the way to the $145 level.
This is still a bearish market, therefore I have indicated a good area to short IF the current level is broken.
Use your indicators wisely and leave emotions out of the game.
Thanks and good luck to all!
**This was tested all the was down to the 1 hour charts. As of 10:43 EST the $200 level has not broken
This indicates that there is still major support at $200, and with the current downtrend this level will likely be tested again.
As long as the $200 level is held, prices will probably fluctuate into the mid $220's until the downward trend is broken.
If the $200 level is broken, we will likely see another fall all the way to the $145 level.
This is still a bearish market, therefore I have indicated a good area to short IF the current level is broken.
Use your indicators wisely and leave emotions out of the game.
Thanks and good luck to all!
**This was tested all the was down to the 1 hour charts. As of 10:43 EST the $200 level has not broken
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.