ETH support and resistance zones

Ethereum all time history indexINDEX

Description

⋅ Aug 5, 2022 5:01 AM

#ETH/USD
ETH is between support zone around $1560 and resistance zone around $1780.

🐮 break out from resistance zone will increase price to fib levels of last swing down, that 0.5 fib level is the same with another resistance zone.

🐻 break down from support zone, will drop price to $1400 and maybe $1230.

Comments

SwallowPremium

⋅ Aug 5, 2022 10:16 PM

Will see if it will hit the other resistance aswell, has a great opportunity

parissap

⋅ Aug 6, 2022 7:26 AM

@SwallowPremium, exactly thanks for your feedback

Solldy

⋅ Aug 5, 2022 7:55 PM

Keep it up! After the latest asset movements, this scenario is more appropriate than ever. I wonder if you use leading indicators to confirm your ideas?

parissap

⋅ Aug 6, 2022 7:30 AM

@Solldy, thanks a lot Solldy appreciate it. I use RSI, HMA and MAs

Lingrid

⋅ Aug 5, 2022 2:50 PM

waiting rise🙌

parissap

⋅ Aug 5, 2022 2:56 PM

@Lingrid, thank you

AtlasTrades

⋅ Aug 5, 2022 2:29 PM

Nice one! Awesome Eth/Usd idea here! People should learn it before start trading

parissap

⋅ Aug 5, 2022 2:57 PM

@AtlasTrades, thanks a lot really nice to hear this from you, I learned a lot from you

YMGroup

⋅ Aug 5, 2022 2:14 PM

Noted, thank you!

parissap

⋅ Aug 5, 2022 2:23 PM

@YMGroup, thanks for your feedback