ETH broke below prior ascending channel support: drop to between 215-228 USD?
As usual, highly dependent on BTC chart.
Ichicloud also flipped into bearish state.
PRISM AJ-Ribbon looks like it is about to turnaround though.
But need to wait for PRISM Signal "Buy signal" to trigger to confirm bullish momentum first, before recovery can be deemed more likely.
As usual, highly dependent on BTC chart.
Ichicloud also flipped into bearish state.
PRISM AJ-Ribbon looks like it is about to turnaround though.
But need to wait for PRISM Signal "Buy signal" to trigger to confirm bullish momentum first, before recovery can be deemed more likely.
Note
Emergence of a descending channel? -- Similar to what BTC have already been doing?Something to KIV.
Note
Also haven't been looking at Fibs for ETH. Just only noticed it haven't been updated!
Here's the updated Fib-extension levels. The 61.8% level coincides at the center of the red-support zone @ 223 USD.
Note
Speculative trajectory:Note
Buy Signal triggered on PRISM Signals on the 1hr timeframe.Will wait for it to be triggered on the 3hrly time frame (where there's better confluence) for confirmation.
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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.