Ethereum / EuroUpdated Fibonacci time zones and next big move
Two trend lines form a rectangle and this could be the point for the next big move in price. Approximately, fibonacci time zones predict the next big move at the same time.
It could be up move, forming XABCD pattern and shooting to the new highs.
Also it could be big drop, breaking nearest support level at 185.
It could be up move, forming XABCD pattern and shooting to the new highs.
Also it could be big drop, breaking nearest support level at 185.
Note
Looks like the up trend is broken. I took a short at 212.8. RSI confirm down movement and there is a confirmation in a moderate volume spike. Looking for an exist at 183 level.Trade closed manually
Price has difficulty to pass local support at 203. Close manually taking 3% gain.Note
Retook shot after passing 203 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.