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Ethereum / TetherUS
Updated

ETH, upgraded, with TP 2222

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With a clearly flat structure in the major trend (of the graph), the first target price is 2222.
Note
Hi everyone,

One might be curious about the sell-off in the previous candlestick. As shown in the graph tradingview.com/x/hc0VdMi8, the price reached the 1.236 Fib Proj. However, I still maintain the target at 1.382 Fib Proj, which coincides with the projection of the major correction. One could also consider opening a short position if the price fails to hold at 1970.

Happy Trading!
Note
Hi everyone,

Unfortunately, ETH seems not to have reached the 2200 level and has dropped below the uptrend line.
See: snapshot

The good news is that it now retraces from 1920 and tries to reach the 2000 level.
See: snapshot

With the time constraint from flat structure, one could consider taking a short position if the price is unable to surpass 2000 (which is my current bias) or 2058.
lordachita
Also on:
neowaveanalysisWave Analysis

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.
neowaveanalysisWave Analysis
lordachita
Also on:

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.