A little experiment as I'm keen to make the next the sell target on ETH more challenging.
Purley based on RSI my estimate is $2500.
- RSI target coincides with the retest of ascending resistance back end of March 2022 - Circled in Orange/tip of Bear Flag. Matching this level would not result in a similar price range but rather price at the resulting horizontal resistance - Red horizontal line
Overlaying a few other indicators the target checks out:
- The descending resistance line form 2021 coincides with this target - Yellow Dotted line
- There is the 200DMA running through - which ETH should break briefly
- ETH/BTC would be around 0.07 if the price target is reached which is effectively the retest of the ascending resistance
- Coincides with my BTC target of $41k
Assuming this is realised, from here I'll be short back on the final wave back to $1000 price range. This $2500 will form a significant resistance target to break when ETH revisits mid 2023.
Just and Idea.
Best, Hard Forky
BTC Long after 8 Months of Shorting
ETH/BTC Target - retest of ascending resistance
Purley based on RSI my estimate is $2500.
- RSI target coincides with the retest of ascending resistance back end of March 2022 - Circled in Orange/tip of Bear Flag. Matching this level would not result in a similar price range but rather price at the resulting horizontal resistance - Red horizontal line
Overlaying a few other indicators the target checks out:
- The descending resistance line form 2021 coincides with this target - Yellow Dotted line
- There is the 200DMA running through - which ETH should break briefly
- ETH/BTC would be around 0.07 if the price target is reached which is effectively the retest of the ascending resistance
- Coincides with my BTC target of $41k
Assuming this is realised, from here I'll be short back on the final wave back to $1000 price range. This $2500 will form a significant resistance target to break when ETH revisits mid 2023.
Just and Idea.
Best, Hard Forky
BTC Long after 8 Months of Shorting
ETH/BTC Target - retest of ascending resistance
Commento:
On the Move
Commento:
On target
Commento:
ETHBTC
Commento:
on target
Commento:
target remains, timings adjusted
