ETH Daily Chart
According to the 1 day chart, ETH has yet to close below the .618 fib level. **
This indicates that there is still major support at $200, and with the current downtrend this level will likely be tested again.
As long as the $200 level is held, prices will probably fluctuate into the mid $220's until the downward trend is broken.
If the $200 level is broken, we will likely see another fall all the way to the $145 level.
This is still a bearish market, therefore I have indicated a good area to short IF the current level is broken.
Use your indicators wisely and leave emotions out of the game.
Thanks and good luck to all!
**This was tested all the was down to the 1 hour charts. As of 10:43 EST the $200 level has not broken
This indicates that there is still major support at $200, and with the current downtrend this level will likely be tested again.
As long as the $200 level is held, prices will probably fluctuate into the mid $220's until the downward trend is broken.
If the $200 level is broken, we will likely see another fall all the way to the $145 level.
This is still a bearish market, therefore I have indicated a good area to short IF the current level is broken.
Use your indicators wisely and leave emotions out of the game.
Thanks and good luck to all!
**This was tested all the was down to the 1 hour charts. As of 10:43 EST the $200 level has not broken
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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.