Ethbusd
⚠️Ethereum(ETH) will Go Down at least ➖40%⚠️👋Hi, everyone. I hope you have a great weekend.🥳
📈Today, I am going to analyze Ethereum(ETH) for you; since more than 80% of the Tokens in the cryptocurrency market are on the Ethereum network , I hope this analysis will give you a good insight into investing in Ethereum(ETH)and other tokens .
✅Ethereum(ETH) reacts well to the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴 and has taken a downward trend again in recent weeks .
☠️One of the reasons for the fall of Ethereum(ETH), in addition to hitting a 🔴 Heavy Resistance zone($2,520-$1,880) 🔴, is the DeathCross Signal .
📚☠️ Death Cross Signal ☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day , crosses below its long-term moving average, usually the 200-day .
💡Also, if you look carefully at my chart, the Pitchfork lines also have a good effect on Ethereum(ETH), although in order not to make the chart busy, I refrained from drawing all the lines.
🌊According to the theory of Elliott waves , Ethereum(ETH) seems to be in a Super Cycle so that the main wave 3 ended at $4,868 and Ethereum(ETH) is currently completing the main corrective wave 4 .
🌊Considering that first microwave of the main wave 4 has 3 waves , it is a bit difficult to recognize the correction structure of the main wave 4, but most likely it will be a correction structure of the Double Three Correction(WXY) type.
🌊It seems that Ethereum(ETH) has completed microwave X of the main wave 4 in the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴, which can be one of the signs of the ☠️ Death Cross Signal ☠️.
Now, before concluding, let's take a look at the ETHBTC chart analysis, which gives us a good idea that if the cryptocurrency market falls or rises, Ethereum(ETH) will rise or fall more or less than Bitcoin(BTC)(About 4 months ago, I shared with you the analysis of ETHBTC which is running well✅).👇
💡The chart above👆 shows that it is likely that Ethereum(ETH) will start to rise again after entering the 🟢 Heavy Support zone(0.057 BTC-0.049 BTC) 🟢 and 🟡 Price Reversal Zone(PRZ) 🟡 will be less affected if Bitcoin(BTC) falls.
🔔As a result, I expect that the Ethereum(ETH), as I explained to you, will have a downward trend( ➖40% ) in the next 3-4 months and will begin to rise again, at least to the 🔴 Heavy Resistance zone($2,520-$1,880) 🔴 as it approaches the 🟢 Heavy Support zone($1,060-$744)🟢 , Support line and Pitchfork lines .
🔔So it's better to invest in Tokens that are on the Ethereum network and wait for Ethereum(ETH) to at least enter the 🟢 Heavy Support zone($1,060-$744)🟢 , maybe Altseason will start from this zone.
🙏In the end, I have to apologize for the fact that the chart is busy, but in my opinion, all the lines and indicators were needed for your better understanding of the analysis, and I also hope that this analysis has an 📚 educational 📚 aspect for you.
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I would be happy to share your opinion about Ethereum(ETH) for the mid and even long-term below this post.
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Ethereum Analyze (ETHUSDT), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum / US Dollars (ETHUSDT) Short Selling with DCA 19/09/23Technical Analysis:
In this analysis, I adopt an all-encompassing approach that melds Fibonacci retracement and extension levels with Fibonacci Projection, confluence analysis, and the MACD indicator, with a distinct short sell bias for the 4 Hour Time frame as requested on the assignment, dated on 15/09/2023, 12:55 pm on LinkedIn message section. Additionally, I'll introduce a strategic Dollar-Cost Averaging (DCA) strategy with two scale-in levels. Please refer to the chart for a comprehensive visual analysis:
please zoom out the chart for better comprehension.
Key Technical Observations:
Fibonacci Levels: My analysis meticulously places Fibonacci retracement and extension and projection levels on the chart, highlighting potential resistance zones and solidifying the short sell bias.
MACD Divergence: Vigilance for MACD divergence patterns remains paramount. (Bearish Divergence) accompanied with (Hidden Bearish Divergence) bolsters the short sell bias.
Strategic Entry Points: I identify key entry points for initiating short positions, at $1642 Spot Price at the time of publication capitalizing on price movements in harmony with the overall bias.
DXY is very much bullish which is an other sign that the Total Crypto Market cap may fall and ultimately BTC will dip to the lower prices
the above analysis can show the possibilities of DXY rally
Technical Conditions:
Take-Profit Levels (TPs): To maximize potential gains from the short sell bias, consider the following TP levels:
1st TP: $1570
2nd TP: $1440
3rd TP: $1260
Dollar-Cost Averaging (DCA): I advocate a DCA strategy for scaling into short positions. Start with a partial position at the initial entry point and progressively adding to the short position at the following DCA scale-in levels:
Scale-In Level 1: DCA Price Level 1: $1735
Scale-In Level 2: DCA Price Level 2: $1830
Stop Loss: Prudent risk management includes placing a stop loss at $1945 which is above the 78.6% level of the minor reverse Fibonacci Retracement level, to safeguard against unexpected price reversals.
Trading Scenario:
Short Sell Bias: Given the confluence of Fibonacci resistance, a bearish and a hidden MACD divergence, and strategic entry points, my analysis strongly favors a short sell bias.
Adaptability: Stay adaptable to market conditions, prepared to adjust your strategy in response to any unexpected developments.
This analysis is grounded in historical data, technical indicators, and a clear bearish bias, complemented by a DCA strategy with two scale-in levels. As with any trading strategy, it's essential to conduct thorough research, adhere to your trading plan, and continuously refine your approach as we navigate the dynamic cryptocurrency markets.
I eagerly await your insights and engaging discussions about this analysis, as we explore opportunities in bullish market scenarios!
Ethereum Road Map🗺️!!!(4-hour time frame⏰)Hi everyone👋 (Reading time less than 3 minutes⏰) .
Today I want to show you the 🗺️roadmap🗺️ for Ethereum for the next 7 days in the 4-hour time frame using the Elliott wave theory.
Ethereum has started to form corrective waves after the completion of five impulsive waves; one of the signs of the beginning of corrective waves is the formation of the Head and Shoulders pattern .
Since the main wave A has 5 microwaves, I expect a corrective structure ahead of Ethereum Zigzag(ABC/5-3-5) .
Ethereum has managed to complete the main wave B in the 🟡 Price Reversal Zone(PRZ)-($1,918-$1899)🟡 (One of the signs of the completion of the main wave B is the breaking of the support line).
🌐 News 🌐: Vitalik Buterin Linked Wallet Invested 2013 Ethereum in OKX! Is it a Bearish Signal❗️❓
An address associated with Lookonchain Ethereum founder Vitalik Buterin said it has invested 2,013 ETH (worth $3.76 million) in OKX.
I expect the main wave C to finish near the support line and inside the 🟢 support zone($1,780-$1,750) 🟢.
📚 Educational Tip 📚: One of the signs of confirming the wave count is that wave A basically goes down to the end of wave 4 .
If we look at the ETHBTC chart, we will realize that if the cryptocurrency market falls, Ethereum will be more affected by this fall than Bitcoin.
For more information, I recommend you to read the following post.👇
Ethereum Analyze ( ETHUSDT ), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum Analyze [Road map!!!🗺️(06/19/2023)]Hi everyone👋( Reading time less than 2 minutes⏰ ).
Ethereum is moving as I expected in the previous roadmap.✅👇
At the moment, Ethereum has been moving in a descending channel for about 2 months ⏰.
The structure of the waves in the descending channel is Double Three Correction(WXY) .
Ethereum is currently moving in wave Y , and I expect this wave to end at the bottom of the descending channel at around $1500 .
I expect Ethereum to reach its minimum to the upper line of the descending channel after confirming the end of wave Y. However, the downward trend can continue up to the 🟢 support zone($ 1,440-$ 1,350) 🟢.
❗️ Note ❗️: Ethereum needs to break the 200-SMA downwards to confirm the wave count and especially the continuation of the downward trend of Ethereum.
Ethereum Analyze ( ETHUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum falls by Expanding Ending Diagonal😉Ethereum was able to complete main wave 5 by Expanding Ending Diagonal.😉
Also, we can see Regular Divergence (RD-) between the end of main waves 3 & 5.
I expect Ethereum will go down at least to the 🟢support zone($ 1945.8-$ 1926.5)🟢 and lower line of expanding ending diagonal.
If you want to know my Ethereum roadmap, I suggest you see the following post.👇
Ethereum Analyze ( OKX:ETHUSD T ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETH: The drop is on the horizon! After thorough analysis, it is apparent that the price of ETH has developed a Head and Shoulders pattern. In the event of a breach below the neckline, a substantial downward movement is anticipated. It is, therefore advisable to closely monitor the neckline for any such movement.
Furthermore, based on the strong correlation between BTC and ETH, it is expected that the latter will follow a similar trajectory as the former. Given the likelihood of BTC decreasing from its present levels, ETH is expected to move downwards as well. Thus, it is reasonable to anticipate that ETH will break below the neckline and experience further downward movement.
With regards to BTC:
It is evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
Furthermore, It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, the market will likely experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
It also appears the price is forming a head & shoulder pattern, indicating a weakening trend! If the price breaks below the neckline, the return to 15k will begin! It is, therefore, advisable to keep an eye on the neckline in case it breaks to the downside!
In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level.
ETH - Bigger drop to 1500$ coming! After thorough analysis, it is apparent that the price of ETH has developed a Head and Shoulders pattern. In the event of a breach below the neckline, a substantial downward movement is anticipated. It is therefore advisable to closely monitor the neckline for any such movement.
Furthermore, based on the strong correlation between BTC and ETH, it is expected that the latter will follow a similar trajectory as the former. Given the likelihood of BTC decreasing from its present levels, ETH is expected to move downwards as well. Thus, it is reasonable to anticipate that ETH will break below the neckline and experience further downward movement.
With regards to BTC:
it is evident that the price got rejected from the bear market downtrend resistance! There is a possibility that the recent bear market rally has come to an end. The rejection from the downtrend resistance is indicating a potential move to the previous bottom of $15.5k. This notion is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period!
Furthermore It appears that the current market period is unfolding similarly to the one observed in 2021. If this trend continues, it is likely that the market will experience a downward movement, potentially leading to a decline in value to 13.5k.
While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present.
In conclusion, it is anticipated that the price will continue to exhibit a downward trend, with a likelihood of revisiting the 15k level in the future.
ETH - More downside coming if this breaks: Here's a quick look at the 8 hr. ETH chart.
Upon closer analysis, it is evident that the price was unable to breach the resistance zone and experienced a sharp decline of 10% in value. This suggests that the market lacks sufficient momentum to sustain its upward trajectory, particularly in the short term. Should the price fall below the HKEX:1900 threshold, a drop to $1700 is highly probable, and should it breach $1700, a further decline to HKEX:1500 is likely.
As a result, it is advisable to closely monitor the HKEX:1900 level, as a break below it may result in substantial downward pressure. Moreover, as BTC's performance can impact that of ETH, it is prudent to observe BTC's movements before making any decisions concerning ETH.
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it!
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Recent Altcoin trades:
ARB / USDT: 30% profit!
ROSE / USDT: 5% profit!
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Ethereum and Head and Shoulders Pattern❗️❗️❗️(Short term)Ethereum managed to form a Head and Shoulders Pattern between two support and resistance zones, so that the Head part is in the 🔴resistance zone($ 2158-$ 2123)🔴.
I expect Ethereum to at least fall to the bottom of the 🟢support zone($ 2041.40- $ 2017.68 )🟢 with the Head and Shoulders pattern.
If you want to know my Ethereum roadmap, I suggest you see the following post.👇
Ethereum Analyze ( OKX:ETHUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
⚖️Does Ethereum repeat the sixth movement(6)❗️❓⚖️Today let's take a closer look at Ethereum in the weekly time frame. Do you see similar movements❗️❓
As you know, the price movement depends to some extent on the previous movements, so if we want to compare the previous 6 movements of Ethereum in the first correction phase with the current 6 movements, We should look for evidence and similar movements.🔎🔍
⚖️ Similar movements ⚖️:
The movements of Ethereum microwaves in the correction phases are almost similar to each other.
The third movement (3) in both moves are 50% Fibonacci movement 1-2.
The fourth movement (4) in both moves are 78.8%-61.8% Fibonacci movement 2-3.
The fifth movement (5) in both moves are 78.8% Fibonacci movement 3-4.
The fifth movement (5) in both moves are 61.8% Fibonacci(Extension) movements 2-3-4.
The angles of both support lines are almost equal.
There seems to be good evidence that these two corrective moves are very similar, so we can expect the sixth movement (6) to be perhaps a bit slower than the first corrective movement (the sixth movement (6) was sharper under the influence of 🦠Covid🦠).
Ethereum Analyze ( ETHUSD ), Weekly time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Can Ethereum pass the Price Reversal Zone(PRZ)❗️❓Currently, Ethereum is moving in the Price Reversal Zone (PRZ), so it is better to get to know the quality and power of PRZ to answer the question of the title of this post.
What factors does the PRZ for Ethereum include in the daily time frame❓ (The higher the number of overlapping factors ⏩⏩⏩The strength and quality of the PRZ or resistance/support zone is greater.)
⚫️Most important downtrend line
🟡Cluster of Fibonacci($1,632-$1,589)
🔴Upper line of descending channel
🔵50 day Simple Moving Average(50_SMA)
🟣Monthly Pivot Point($1,603.38)
According to the above factors, PRZ has an huge strength, so, I expect that Ethereum will not be able to break PRZ in the first attempt and that Ethereum will decrease to the middle line of the descending channel and the uptrend line in the coming days or even hours.
Ethereum Analyze ( ETHUSDT ), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETH - Soon there will be a breakout!Here's a quick look at the 2-day ETH chart. As we can see, the price has been oscillating within the bigger symmetrical triangle, and a breakout would cause a big move either way, depending on the breakout direction!
If the price doesn't hold the current purple support, a move to the bottom of the triangle will be next at around 1300$. If DXY rallies, then much lower prices are expected!
Remember that ETH is a leading indicator for the overall Altcoin market. If ETH breaks the triangle to the downside, altcoins will get rekt!
In my opinion, ETH is going much lower than its current levels. I see ETH at sub 800$ at some point before we see the actual bear market bottom. Trade safe!
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Key Dates to Watch in March:
10 Mar: US Non-farm Payrolls
10 Mar: Mt. Gox Distribution
14 Mar: #CPI Data Release
15 Mar: #PPI Data Release
21/22 Mar: #FOMC Meeting
30 Mar: GDP Report
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What's a Fair Value Gap?:
A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It can indicate a misprizing opportunity for traders to profit by buying or selling at the misprized level. In other words, there is a gap in the price in which some open orders still need to be filled. The price will return to fill the orders.
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
A possible trend reversal around 1630$.I will enter a short order to 1627$.
Let's see how lucky i am)
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
Ethereum Analyze (Short Term,15-minute Time Frame,02/18/2023)!!!Ethereum is moving in near its important downtrend line, at the same time, it seems to have found the end of wave B near this line and PRZ.
I expect Ethereum to drop at least until the first PRZ, although further price drops are possible.
Ethereum Analyze ( ETHUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Has Ethereum set a Bull Trap for us ❗️❓🗑🦇Today I have prepared for you different Ethereum scenarios for the coming days.🔜
Let's start with trading volume.
If you look closely at my Ethereum chart, you will see that the heavy support zone currently on the chart, called the heavy resistance zone has been broken by long-bodied, red, high-volume candles. But in this one month when Ethereum has seen an upward trend, a significant volume is not visible in the chart; although Ethereum was able to break the heavy resistance zone, but is it possible that Ethereum has made a trap(bull trap) for us or not❗️❓
Stay with me in the rest of this post to answer the above question.😊
As you can see in the Ethereum chart, Ethereum is moving after breaking the heavy resistance zone and important downtrend line and SMA200 in PRZ(Price Reversal Zone), so it seems that the D point of bearish 🦇bat🦇 harmonic pattern is formed in PRZ and TRZ(Time Reversal Zone).
Also, w can see the end of movement in the StochRSI indicator.👇
Therefore, I expect Ethereum to at least return to the heavy resistance zone and the important downtrend line and SMA200. And since Ethereum has not seen a certain volume in this one month, the possibility that Ethereum has set a trap for us (bull trap) is very high (most of the tokens are active on the Ethereum network, so take care of your portfolio in the coming days).
Ethereum Analyze ( ETHUSDT ) Daily Timeframe ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum Analyze(⬆️Up⬆️ or ⬇️Down⬇️)❗️❓In order to know what situation Ethereum can have in the coming days, I recommend you follow this post and analysis.
Ethereum has reached its heavy resistance zone in the daily time frame, while it has hit the important downtrend lines and SMA 200 (Daily TF) at the same time, and if you look closely at the chart, you will notice that the last time this happened, Ethereum experienced a sharp drop.
Since there is a possibility that Bitcoin will fall in the coming days, Ethereum cannot escape from this fall either. (Read the post below to learn more about Bitcoin analysis👇)
Now let's see if Bitcoin will fall, Ethereum will experience more fall or not❗️❓
🔆To answer the above question, better refer to the ETHBTC chart.👇
As you can see, ETH/BTC is close to the resistance zone and based on the Elliott wave theory, ETH/BTC is expected to be bearish for at least a month.
As a result, if Bitcoin falls, Ethereum will experience a greater fall, and if the cryptocurrency market rises, Ethereum will see a smaller share of the market growth.
❗️ Note ❗️: if Ethereum goes up over $1440, Ethereum can 🚀pump🚀 at least to $1680 or maybe more.
Ethereum Analyze ( ETHUSDT ) Daily Timeframe ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ETH - The calm before the storm!Here's a quick look at the daily ETH chart. As we can see, the price has been oscillating within the bigger symmetrical triangle. The price will likely break below the triangle with the current market sentiment.
There's an unfilled Fair Value Gap from 770$ to 870$. These gaps will likely get filled in this bear market since the DXY is expected to rally from its current level - when the DXY goes up, the BTC price will go down!
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
ETH - trade rekapDisclaimer: If you think this chart is a mess, you are wrong. Here, we are dealing with lots of fibonacci lines to find confluence at specific zones we want to trade. As we want to maximize our profits, we want to trade at highest possible risk reward ratio. As this is a game of possibilities, our job is to find specific zone with highets probability to make price reaction.
Scalp trade. This is how we catch the trades, because we are traders, not gamblers. Why this trade works? Because we have mutiple confluences at the same place. Its yellow trend line of few wick highs. Its blue EMA 233 which is very important EMA. Next, there is 1 fibonacci extension. Enough to think of taking a trade. Now, there is already 1:3 profit taken. You can drive this all the way down if possible, or moving the stop loss in profit level by level.
Happy trading :))
Tools:
- Fibonacci retreacement
- Fibonacci extension
- Pitchfork (All types)
- Trend lines
- RSI
- EMA fibonacci numbers
If you take closer look, you can see how price respects the lines. If the trade analys is good, we can find a place where the top/bottom of the wick will happen, therefore place an entry buy/sell order and let the magic happen :)
ETH - Range analysDisclaimer: If you think this chart is a mess, you are wrong. Here, we are dealing with lots of fibonacci lines to find confluence at specific zones we want to trade. As we want to maximize our profits, we want to trade at highest possible risk reward ratio. As this is a game of possibilities, our job is to find specific zone with highets probability to make price reaction.
We are currently moving above 1203 support area and moving in a triangle range which is always difficult to identify. So we should be prepared for all possible outcomes. If 1203 zone hold the price above, we should be heading to 1245 zone. 1245 zone didnt offer any support during that intense fall, it is reasonable to expect it will turn into resistance zone. Therefore, we want to be ready for trading AROUND that zone. Yes, we cant say for sure that 1245 price will directly affect the price, we need to be carefull with wicks that could be left above the zone. If the price fails to break that resistance zone, we should be preapred for more downward movements. I will keep ypu updated.
Happy trading :)
Tools:
- Fibonacci retreacement
- Fibonacci extension
- Pitchfork (All types)
- Trend lines
- RSI
- EMA fibonacci numbers
If you take closer look, you can see how price respects the lines. If the trade analys is good, we can find a place where the top/bottom of the wick will happen, therefore place an entry buy/sell order and let the magic happen :)