No indicators, just straight up FIBS and trend patterns.
on the 2 week chart, ETH has dropped below the .25 using the FIB channel. that resistance confirms that the price will stop here and drop down to the 500 to 700 area.
A lot of longs are put in at this area so the price would need to drop in half in order to liquidate the 2x orders so 600 is a fair assessment.
After this last dip I see a breakout of this falling bullish wedge which would bring the measure move price back up to 2500 but I am guessing by JULY 2023 it'll reject off the Golden pocket at the .382
Just look at how beautiful the price plays the fib channel in this chart over the passed 7 years. I'm still amazed at hot accurate they are.
-KRJcrypto-
on the 2 week chart, ETH has dropped below the .25 using the FIB channel. that resistance confirms that the price will stop here and drop down to the 500 to 700 area.
A lot of longs are put in at this area so the price would need to drop in half in order to liquidate the 2x orders so 600 is a fair assessment.
After this last dip I see a breakout of this falling bullish wedge which would bring the measure move price back up to 2500 but I am guessing by JULY 2023 it'll reject off the Golden pocket at the .382
Just look at how beautiful the price plays the fib channel in this chart over the passed 7 years. I'm still amazed at hot accurate they are.
-KRJcrypto-
KRJcrypto