ETH
H4 Time frame
Ethereum has been given us clean price action to the downside since the beginning of December 21 with impulse / correction / impulse.
On the H4 it looks like we could be making a ABC correction moving up towards the descending trend line & 61.8% Fibonacci level where i will be looking for a sell position targeting the -27% Fibonacci extension which lines up nicely with previous structure.
Trade what you see not what you think :)
Good luck
H4 Time frame
Ethereum has been given us clean price action to the downside since the beginning of December 21 with impulse / correction / impulse.
On the H4 it looks like we could be making a ABC correction moving up towards the descending trend line & 61.8% Fibonacci level where i will be looking for a sell position targeting the -27% Fibonacci extension which lines up nicely with previous structure.
Trade what you see not what you think :)
Good luck
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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.
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.