From our previous idea post, we called ETH continuing the decline to 1046 (which we hit) then bouncing back to 1220 (which we also hit). I'm going to cover my thoughts for the next ETH move and where I think we're going from here!
Based off of our previous analysis, I've been using my RSVP Extractor along with the Stoch RSI, two very power indicators. This, along with some support/resistance lines have allowed us to predict most of these moves. After ETH hit our long target of 1220 we saw another rejection (red shaded area) and I believe we'll hit a short term retracement to 1165 (8h micro support) which is also fueled by the double top on the Stoch RSI. Following this target, I believe we'll see a bounce to retest the resistance near 1220-1270 while ultimately breaking through to our bullish target of 1430. This level will see a lot of resistance as it's also the resistance on the weekly chart as well (1360-1430). Pending any bearish news, I can see this playing out within the next week or two.
If you have any questions about my TA or the indicators used, please comment below or send me a DM :)
Based off of our previous analysis, I've been using my RSVP Extractor along with the Stoch RSI, two very power indicators. This, along with some support/resistance lines have allowed us to predict most of these moves. After ETH hit our long target of 1220 we saw another rejection (red shaded area) and I believe we'll hit a short term retracement to 1165 (8h micro support) which is also fueled by the double top on the Stoch RSI. Following this target, I believe we'll see a bounce to retest the resistance near 1220-1270 while ultimately breaking through to our bullish target of 1430. This level will see a lot of resistance as it's also the resistance on the weekly chart as well (1360-1430). Pending any bearish news, I can see this playing out within the next week or two.
If you have any questions about my TA or the indicators used, please comment below or send me a DM :)
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
🤝 Let's Connect:
📊 Leverage Trade (No KYC) - partner.blofin.com/d/CryptoData
🌎 Website - cryptoscripts.com
🐦 Twitter - x.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
📊 Leverage Trade (No KYC) - partner.blofin.com/d/CryptoData
🌎 Website - cryptoscripts.com
🐦 Twitter - x.com/CryptoScriptsAI
📺 Youtube Indicator Tutorials - youtube.com/c/CryptoScripts
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。