"ETHEREUM - ASCENDING TRIANGLE FORMATION | 61.8 FIBONACCI / 100MA" di JayanVarsani su INDEX:ETHUSD

trendanalysis chartpattern cryptocurrency crypto bitcoin ethereum cardano ripple doge elonmusk eth

Analysis

Inverse head and shoulders pattern invalidated and now seeking an ascending triangle breakout
100MA serving as resistance turned support on the 4H chart
Breakout targeting the 61.8% fibonacci resistance at ~$3400 before retesting the resistance turned support
Targeting a multi-week ascending triangle on the macro time-frame, akin to 2017 (see post linked below)

Conclusion: Price about to potentially break out of an ascending triangle. Short term target as the 61.8% fibonacci at ~$3400, mid-term target at close to the ATH at ~$4200

2017 Fractal

Idee correlate

about ETHUSD

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.