This an update to be continuous study of Ethereum since its bottom (in theory).
The above chart was created using this process:
First we have Blue ''Pulse'' fib setting the root increments of price movement
On larger scale, we have this Green ''Wave'' Fib defining the larger structures
Next, measuring the move down, we have Red ''Relaxation'' Fib with it own hearbeat
Combining those three Fib sequences, I can map likely support zones
Also see my ongoing analysis and calls in Related Ideas BELOW
The above chart was created using this process:
First we have Blue ''Pulse'' fib setting the root increments of price movement
On larger scale, we have this Green ''Wave'' Fib defining the larger structures
Next, measuring the move down, we have Red ''Relaxation'' Fib with it own hearbeat
Combining those three Fib sequences, I can map likely support zones
Also see my ongoing analysis and calls in Related Ideas BELOW
Note
Here we are again Zoomed in, we see EXACT relevance of the blue fib.
.
Note
ETH pretty tightly bound to this microFib series Note
You cant make this stuff up, but you can measure it Note
Fibs dont lie. The 7.618 is a comment end of wave, then the 9.618. But breaking above bands just above is a good sign Fibs dont lie
Note
ETH coming up on likely resistance at 149.75 gdax Note
ETH break out? Note
ETH bulls are definitely eager as per live chart above Zoomed in, it is obvious that we are at an important zone
Note
Rut Roh .
Note
Ping ... ,
Note
Close up of that Ping .
Note
Well, the eager bulls bought ETH exactly where I expected Closer inspection shows that we had 12345 impulse, and maybe completed the ABC correction
If so, this needs too move up rapidly here.
.
Note
Bulls trying to put some distance between support and price .
Note
if this is going to play out, 150.16 has to bounce strong and punch through the red zone with vigor Note
yup, 150 round to be tested, and better bounce like a super ball Note
here we are, but just sitting there, not good Note
Sweet Note
fibs dont lie. This is why it bounced a little above 150 round on gdax Note
ETH bulls MUST defend 149.61 gdax Note
ETh: decent bounce off Critical zone Note
Spectacular dip in typical Crypto style. The current Fib I am watching .
the Golden Ratio is my Religion
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the Trading View is my Nation
the Moderator Tag is my Flag
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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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.