daily 20/50/200 emas in order + broke the midpoint from this parallel channel on the daily and holding a retest im hopefully getting out at 30ish unless i get stopped out
Looking at the monthly we are testing a significant resistance level right about here, and I think its a very possible that we could reject. If we close above on the monthly I will be relonging at a pullback, otherwise Ill be looking for short opportunities in the near future
Hbar looking bullish on daily, according to trend based FIB extension if 0.09 breaks next target should be 0.1688
massive falling wedge, bottom price will be around 80 cents if the bottom hits again (which i have to assume it will) .. be patient with buys unless it breaks out to the upside
As long as a 4hr candle doesn't close above above 1.406, I'm thinking this could potentially be a dead cat bounce and we'll find the price back down to our 0.5 weekly FIB or even potentially the 0.618 weekly FIB. Ill keep you updated
I think ETH might go below $400 sometime late 2022 / early 2023
if this breaks to the downside i see a target of 19.3k .. just my thoughts
this is going to be my last post for a very long time basically because this is all I'm going to be watching from now on.. I think we're going to bottom out at 9k, but close that weekly above 10.2k keeping our heads above the 0.618 lvl , then holding that line we bounce tf outta there for good. good luck everyone
I feel once this bear flag breaks to the downside the likeliness of us falling fast to 10k becomes very probable.. also using the trend based fib extension going from 2nd last previous top, to previous low, to previous top gives me a target of 10.4k which also lines perfectly up with the bottom of the downwards wedge we are in just my thoughts
Using the fib tool going from previous high to previous low, it looks like on all time frames bulls are being held below our 0.5 lvl (with a monthly about to close below it) which has me feeling this is a dead cat and we 're going to fall soon. I do think it's possible we come to the 0.618 lvl real fast though before falling so I'm not getting into any crazy...
just my thoughts .. felt like recording a video would explain it easier
i think we will break this rising broadening wedge to the downside, followed by breaking the flag to the downside in the coming days.. so I opened a short at 22.3 and will be watching closely.
- last bear market we fell 85% before finding the bottom - current bear market, 85% fall from ATH lands at our 0.618 lvl I think late 2022 we wick down to 10k extremely fast, and still close the weekly above the diagonal support line and then 2023 we go bullish
noticing the megaphone pattern on the larger time frames (which we just hit the bottom of) and i expect eventually a weekly candle to wick below the bottom support line but still manage close above it maybe we hit 12k, maybe even lower to 9k ..
I think within late October to December we will bottom out at the 0.5 retracement lvl coming down to the 13k area
i think were going to move up to above 36k (which is the 0.5 fib level on the bigger timeframe + top on the wedge) before the next leg down to below 18k (our .786 lvl on bigger timeframe) using fib trend extension it would line perfectly up for the target of 13.9k which makes me think this falling wedge break to the downside in the coming months .. just my thoughts