Hi everyone! The KYRREX project brings a trading idea. Today, we’ve got ЕTH medium-term analysis on the plate.
According to the analysis of the formed trading pattern on the Daily (D1) time frame, we have the following picture:
1. The fifth point (of the downward impulse of the model) showed the price holding below 2773 level.
2. This scenario means that there will be a further move down to 1607 target level.
3. However, highly likely, the target level will be broken and the market keeps moving to 100% of the fourth point (of the downward signal) - 1425 price level.
According to the analysis of the formed trading pattern on the Daily (D1) time frame, we have the following picture:
1. The fifth point (of the downward impulse of the model) showed the price holding below 2773 level.
2. This scenario means that there will be a further move down to 1607 target level.
3. However, highly likely, the target level will be broken and the market keeps moving to 100% of the fourth point (of the downward signal) - 1425 price level.