YongTung | ETHEREUM target for SHORT
Updated
Hello my friends, today I want to talk to you about ETHUSDT,
I made a few conclusions about Ethereum.
Recently the price tested resistance level and local high and failed.
Currently Ethereum bounced from local high to support zone $1169.42-$1181.69 (fib 0.618-0.66) and bounced up.
At the moment the price broke the 2-wave level (orange line) and pulled back, and now it trades near resistance level $1201.91 (fib 0.236).
So I expect that price can make a small correction to resistance level (fib 0.236).
And, I think price will fall down from resistance level (fib 0.382) and go lower.
I set up my first target at previous low and support level $1085.93 (orange line).
Then, I set up second target at previous low $1073.53 level.
Personally, I think $1073.53-$1085.93 is a extremely strong support area because it tested three times and it still wasn't broken.
Then, I expect such a scenario like like Wyckoff Accumulation Model happen.
So, I think $1073.53-$1085.93 might be a best opportunity to buy/long.
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
I made a few conclusions about Ethereum.
Recently the price tested resistance level and local high and failed.
Currently Ethereum bounced from local high to support zone $1169.42-$1181.69 (fib 0.618-0.66) and bounced up.
At the moment the price broke the 2-wave level (orange line) and pulled back, and now it trades near resistance level $1201.91 (fib 0.236).
So I expect that price can make a small correction to resistance level (fib 0.236).
And, I think price will fall down from resistance level (fib 0.382) and go lower.
I set up my first target at previous low and support level $1085.93 (orange line).
Then, I set up second target at previous low $1073.53 level.
Personally, I think $1073.53-$1085.93 is a extremely strong support area because it tested three times and it still wasn't broken.
Then, I expect such a scenario like like Wyckoff Accumulation Model happen.
So, I think $1073.53-$1085.93 might be a best opportunity to buy/long.
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
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