Hey there,
Thanks for liking the post and following me on TV!
Comment below!
We got a nice ascending triangle on Ethereum USD.
The measured move target is alining aproximately with the prior swing high
on big timeframes.
Seems like there is heavy resistance at ~830 USD.
At around 760 USD we have the 50% retracement of the fibonacci,
yet I think that will be crushed easily, let's see!
Since Bitcoin will struggle to hold above 30k, I think we won't see higher
prices than 35k. Most likely ETH will retrace at a similiar time.
Bigger timeframes is largely extended and screams for a correction.
Therefore this is only a quick swing trade over a few days, maybe a week!
Cheers,
Konrad
Thanks for liking the post and following me on TV!
Comment below!
We got a nice ascending triangle on Ethereum USD.
The measured move target is alining aproximately with the prior swing high
on big timeframes.
Seems like there is heavy resistance at ~830 USD.
At around 760 USD we have the 50% retracement of the fibonacci,
yet I think that will be crushed easily, let's see!
Since Bitcoin will struggle to hold above 30k, I think we won't see higher
prices than 35k. Most likely ETH will retrace at a similiar time.
Bigger timeframes is largely extended and screams for a correction.
Therefore this is only a quick swing trade over a few days, maybe a week!
Cheers,
Konrad
