kakatho420

ETH - Possible outcomes until next level 2500

Long
BITSTAMP:ETHUSD   Ethereum
  • Fibonacci retracement being tested almost perfectly (blue circles)

  • Probability of outcome: Dark Green > Light Green > Light Red > Dark Red

  • Level 1900 being tested right now as resistance:
    - If price closes above, we can expect testing both 2000 as resistance and 1900 as support, with the possibility of testing 1800 in the support trend line (where the dark green arrow hits before climbing to 2500)
    - If price doesn't break the 1900 resistance, we can expect a downward movement until the support trend line in 1700 (light red arrow) climbing back to the dark green path, with the possibility of breaking 1700 support and fall into 1500 final support before the big climb

  • Next big level: 2000, if price closes above this level we can expect steady push until next level 2500 (light green arrow)

  • Important levels marked with a yellow rectangle: 1500 | 1700

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.