Has the most anticipated all time high of the year been cancelled? The crowd does not get what it wants! Everyone from CNBC to my grandmas goldfish have been bullish on ETH for the past few months so what a fitting psychological mess it would be if we significantly pulled back here!
Firstly it may just be a temporary set back to the High Volume Node support at $3900 [1] before a move to all time high. Even then I am expecting a deeper pullback to set us up for all time high in Q4. Losing this support bring up the ascending daily 200EMA right at the Fibonacci golden pocket, which you can see is the wave 3 high!
The next target, which is my next buy level, is the larger degree Fibonacci golden pocket, major support High Volume Node and wave 4 bottom at $2100. This would be a capitulation area for many!
RSI has printed confirmed bearish divergence with plenty of room to fall.
Safe trading
Firstly it may just be a temporary set back to the High Volume Node support at $3900 [1] before a move to all time high. Even then I am expecting a deeper pullback to set us up for all time high in Q4. Losing this support bring up the ascending daily 200EMA right at the Fibonacci golden pocket, which you can see is the wave 3 high!
The next target, which is my next buy level, is the larger degree Fibonacci golden pocket, major support High Volume Node and wave 4 bottom at $2100. This would be a capitulation area for many!
RSI has printed confirmed bearish divergence with plenty of room to fall.
Safe trading
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
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🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.