I'm getting back into market analysis, forgive me. So looks like ETHUSD wasn't able to hold onto the 236, and using the Martyv TA Kit I am able to see from a few different schools of measurement ( elliot waves coincide roughly with the 236 on the 45-min chart, and on the 30-min I do see a lovely indication from the RO Flash (Rocky Outcrop, check him out on YouTube...
BNB is above the .236 fib level of the most recent drop. The .618 lines up with the 200 MA, and there is an RO-DMI Flash at $624.60.
There might be an inverted H&S which the measured move from would take you back up to the .618/200 MA. May want to wait for BNB to burn off some bearish divergence in the short term. A better entry might be at around 540ish.
If it...
Has been a tripp , right? It ain't easy to transition an entire underground movement into a legal bureaucratic compelling business. There's so much potential for these companies.
So let's look at the recent price movement. The DMI shows we reached equilibrium around the mid 4s, if we get a broader market uptrend we'll highly likely see our favorite number 4.20....
If BTC or the markets take a sharp turn downward, we will likely see a retracement near the .236 likely hitting .17 cents before rebounding. I'm an amateur trader with maybe no more than 3 years of experience, this is not financial advice.
What are your thoughts?
