Hi All,
Thank you for opening my post and having a look! I'm new to TA so please don't take this as advice or whatsoever. I'm curious how my idea plays out and i would love to have your feedback.
Trying to learn new stuff everyday!
On the 1h chart (bittrex) im seeing a ascending triangle, which could be seen as a continuation pattern in a down trend.
Currently the price is at $1100 where the 100 ema line needs to be crossed, next to the .382 fib level which needs to be cleared. If this doenst succeed I expect ETH to break below the triangle and drop to the .786 fib level.
$850 would then be my suggested next support level.
Thanks again for (re)viewing my post.
Leave me a comment with your thoughts and feedback!
Thank you for opening my post and having a look! I'm new to TA so please don't take this as advice or whatsoever. I'm curious how my idea plays out and i would love to have your feedback.
Trying to learn new stuff everyday!
On the 1h chart (bittrex) im seeing a ascending triangle, which could be seen as a continuation pattern in a down trend.
Currently the price is at $1100 where the 100 ema line needs to be crossed, next to the .382 fib level which needs to be cleared. If this doenst succeed I expect ETH to break below the triangle and drop to the .786 fib level.
$850 would then be my suggested next support level.
Thanks again for (re)viewing my post.
Leave me a comment with your thoughts and feedback!
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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.