Ethereum 1700 is bottom price??? 17/7/21
Time : 4 hour
Indication : Fibonacci retracement
As the current price at Fibo retracement is 0.618, FIbo 0.168 always a congestion area.
It mean the price might up down at this 0.618 area.
But in big picture, the downtrend haven't.
In this situation, ETH might going down to 1730 this area.
IF ETH break through 1730, will might form downtrend cup and handle, which mean possible will going down 1500.
Conclusion,
in this inactive market, for spot player less trade =D
For aggressive high risk future player.
Strategy SHORT
Entry : 1910-1930
CL : 2110-2130
TP 1 : 1710-7130
TP 2 : 1510-1530
Strategy LONG ( catch rebound )
Entry : 1700-1720
CL : 1600-1620
TP 1 : 1850
TRADE at your own risk =D
Indication : Fibonacci retracement
As the current price at Fibo retracement is 0.618, FIbo 0.168 always a congestion area.
It mean the price might up down at this 0.618 area.
But in big picture, the downtrend haven't.
In this situation, ETH might going down to 1730 this area.
IF ETH break through 1730, will might form downtrend cup and handle, which mean possible will going down 1500.
Conclusion,
in this inactive market, for spot player less trade =D
For aggressive high risk future player.
Strategy SHORT
Entry : 1910-1930
CL : 2110-2130
TP 1 : 1710-7130
TP 2 : 1510-1530
Strategy LONG ( catch rebound )
Entry : 1700-1720
CL : 1600-1620
TP 1 : 1850
TRADE at your own risk =D
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.