A channel is being formed at the 0.5 fibo calc from the last significant low. After 5-6 attempts to break the 0.5 fibo level + a rejection from 200MA on 4H chart + rejection 200MA on 15 min chart where also the Head and Shoulders pattern was noticed (see chart above), the price moves toward last support. These could be seen as significant indicators that the...
Ethereum - lower dynamics last days, slower moves than usual - the buyers are not convinced... - assessment . There is nothing to predict - just an opinion with STRONG Risk Management in place. -- Rejection at 200SMA 4H chart & previous strong Resistance @1270 -- There is no bearish divergence on RSI/MACD on 4h charts, however 200SMA serves as a strong...
Symmetry on ETH assuming downtrend continues Chart patterns 15 / 5 min charts
Comments on the chart - RM including the probability of a fake break out.
Symmetry on a Sunday evening Creativity, geometry, synchronicity of patterns or simply price action? Last entry point, above the fake break out on the 5min chart @ 1825$. Take profit - at the trendline, or *at 200MA on 15MIN or at 1750$ demand level. RR 1:4 or 1:6, Risk managed, trailing stops at technical levels.
price action exhaustion vol decrease symmetric gap fil
2h chart - swing short trade ETH reversal pattern overbought market structure SL and TP @1800, 1750
target approx 140 log chart long term view simple basic indic and current macro events