jackrabbitrage

ETH's support levels- analysis based on Gann Squre and arcs

Kort
jackrabbitrage Uppdaterad   
COINBASE:ETHUSD   Ethereum

With the Etherium merge complete, the predicted dump might be incoming.
TA-wise, Gann square played out perfectly and still indicates support levels that could be relied upon based on the previous prediction result.

Watch Gann Fan* 1 x 3 (green) if the price further goes down through the crosspoint of the arcs.
Because significant support lines are absent immediately below, It seems prices like 1256, 1189, and 1123 aren't so far-fetched if a stronger sellout takes place.
The intersections of Gann Fan with Fibonacci levels would provide solid support.

Shaded aqua-colored zones also indicate S & R like Ichimoku cloud, based on my previous observation.

* A component of Gann Square. I emphasized it with a different (green) color.
Kommentera:
H1 magnification.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.