Make or Break for ETHEREUM
The Downside 1D Chart
Ethereum is currently at a make or break point. It has currently rejected the confluence zone and now looks like it is going to retest it, if it is rejected again (and it looks like it will be because of the present bear div) we could see ETH as low as 30 USD. My shorting targets are displayed in the 2nd box, if it breaks above we could see ETH as high as 200 USD. 50 and 100 Ma are above price, the 100ma could act as dynamic resistance
or
The Upside 4h Chart
ETH is clearly in an uptrend and respecting the confluence zones, if it continues this way we could see ETH reach highs of $231. note: There is BEAR DIV too. In saying that the RSI is well above 50 which is positive for an uptrend. 50, 100 and 200 MA are all below price.
I like both setups and they are both highly possible but i'm leaning towards the top one as of the bear div, i also think this hard fork coming up could negatively impact ETHs price, it could also push it old highs, therefore it could go up or down ;)
If ETH Breaks 159.5 ill look to go long, if it is rejected by the confluence zone on the daily ill look to go short.
The FIB KID
The Downside 1D Chart
Ethereum is currently at a make or break point. It has currently rejected the confluence zone and now looks like it is going to retest it, if it is rejected again (and it looks like it will be because of the present bear div) we could see ETH as low as 30 USD. My shorting targets are displayed in the 2nd box, if it breaks above we could see ETH as high as 200 USD. 50 and 100 Ma are above price, the 100ma could act as dynamic resistance
or
The Upside 4h Chart
I like both setups and they are both highly possible but i'm leaning towards the top one as of the bear div, i also think this hard fork coming up could negatively impact ETHs price, it could also push it old highs, therefore it could go up or down ;)
If ETH Breaks 159.5 ill look to go long, if it is rejected by the confluence zone on the daily ill look to go short.
The FIB KID