ETH is currently testing the Fibonacci golden pocket
Hello traders 🐺 .
previously I published an idea about the ETH and now want to update you guys about my price prediction for the ETH price and say what's gonna happen for the ETH in the immediate short term .
if you check my previous idea about ETH which you can find it in the related link down below this idea , probable you said why I redraw the lines and change them , the answer is very easy : you always must redraw the line and find the best points for creating a valid trend line , if I don't do that I'm not able to create an accurate chart pattern .
so as you can see in the picture below , currently ETH is testing the Fibonacci golden pocket at the 0.618 , 0.65 which is a very strong support level and usually the Fibonacci golden pocket lead into the change in the trend .
so if price hold current level and start to revers from it , the next resistance line is the falling wedge upper line , but let's talk about the bullish pattern in the next ETH update because currently we are not sure enough about the ETH support level , can ETH hold the golden pocket ?
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my idea🐺
previously I published an idea about the ETH and now want to update you guys about my price prediction for the ETH price and say what's gonna happen for the ETH in the immediate short term .
if you check my previous idea about ETH which you can find it in the related link down below this idea , probable you said why I redraw the lines and change them , the answer is very easy : you always must redraw the line and find the best points for creating a valid trend line , if I don't do that I'm not able to create an accurate chart pattern .
so as you can see in the picture below , currently ETH is testing the Fibonacci golden pocket at the 0.618 , 0.65 which is a very strong support level and usually the Fibonacci golden pocket lead into the change in the trend .
so if price hold current level and start to revers from it , the next resistance line is the falling wedge upper line , but let's talk about the bullish pattern in the next ETH update because currently we are not sure enough about the ETH support level , can ETH hold the golden pocket ?
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my idea🐺
