Hello dear friends and traders in TradingView community, happy new year! I wish you all make big profits in 2023.
Today I want to talk to you about ETHUSDT.
I made a few conclusions about Ethereum.
Recently ETH price tested local high and resistance level and failed,
At the moment the price trades below to POC level $1218.10.
I expect that price can make small correction to the fibonacci 0.382 and resistance level because I think price will make some responds at it.
I set up my first target locate at the fibonacci 0.382 and resistance level $1227.75.
Also, If ETH price continue go up, I think the top of the raising wedge (green) and previous low level (blue line) is a nice opportunity for short.
Therefore I set up second target at previous low and resistance level $1240.03 level (blue line).
And, I think price will bounce down from resistance level and go lower.
I think price will go to the pl1 $1128.54 and pl2 $1155.32 levels (orange lines)
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
Happy trading!
Today I want to talk to you about ETHUSDT.
I made a few conclusions about Ethereum.
Recently ETH price tested local high and resistance level and failed,
At the moment the price trades below to POC level $1218.10.
I expect that price can make small correction to the fibonacci 0.382 and resistance level because I think price will make some responds at it.
I set up my first target locate at the fibonacci 0.382 and resistance level $1227.75.
Also, If ETH price continue go up, I think the top of the raising wedge (green) and previous low level (blue line) is a nice opportunity for short.
Therefore I set up second target at previous low and resistance level $1240.03 level (blue line).
And, I think price will bounce down from resistance level and go lower.
I think price will go to the pl1 $1128.54 and pl2 $1155.32 levels (orange lines)
This is my opinion, I really hope it will be useful for you.
This is an article not financial advice, always do your own research.
And please don't forget to support this idea with your like and comment, It means a lot to me, thanks.
Be prepared and save your money. Make big profits!
Happy trading!
