ETHEREUM - Fibonacci retracement , key levels and much more
Long time frame 1D :
From Fibonacci retracement we can see that price is taking resistance from 1950 and moving towards 0.2 level . At 0.2 level we can see some pull back or green candle for short time. But we have to focus on fib levels. 0.3 is a major fib level for over eth short target. Which is of 10-12% at 1660-1700.
Also chart shows double top formation along with 200 Ema rejection in 1d time frame which gives more short idea in eth.
Small time frame 1H :
When we see 1h time frame eth price moves in quite range of 1900-1860. Also in 1h time frame we have not perfect but quite like head and shoulder pattern. If eth breaks 1860 level with strong momentum we may get our first short target of 1800 and second of 6% 1760 and third target of 9% 1700 if market continue in over favore.
From Fibonacci retracement we can see that price is taking resistance from 1950 and moving towards 0.2 level . At 0.2 level we can see some pull back or green candle for short time. But we have to focus on fib levels. 0.3 is a major fib level for over eth short target. Which is of 10-12% at 1660-1700.
Also chart shows double top formation along with 200 Ema rejection in 1d time frame which gives more short idea in eth.
Small time frame 1H :
When we see 1h time frame eth price moves in quite range of 1900-1860. Also in 1h time frame we have not perfect but quite like head and shoulder pattern. If eth breaks 1860 level with strong momentum we may get our first short target of 1800 and second of 6% 1760 and third target of 9% 1700 if market continue in over favore.
Trade closed: target reached
