EuroMotif

ETH.usd has hit two MAJOR Landmarks, now at Make-or-Break point

COINBASE:ETHUSD   Ethereum
ETH has hit two Major Landmarks and faces a serious decision point.
Considering the fast and furious journey thus far, a pullback is likely.
But if it does break above, then it could jump a band or two above.

Top chart is 2D timeframe, Fib of the drop from $829
Bottom Left is 6H, parabolic fib of the rise from $120
Bottom Right is 1H, with both fibs for a closer look.

The basic concept at work here:
Each "Impulse" created "Ripples" which are still in force.
Every "Ping" on a fib ratio confirms and strengthens it.
The "Parabolic" climb is uncommon but not unseen.

Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only

.


the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.