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swimmax
Aug 11, 2021 7:37 PM

Strong S&R at 3234 Long

Ether / United States DollarCoinbase

Description

There is strong (but not the strongest) S&R at the 3234-3248 level. We have drawn in a long term fib line that matches pretty close to this level at the moment. The only problem with it is that there is not much back data to go on just a total 7 daily candles have held an S&R at this level.

If we get a break above then look for a continuation to 3K and a stop will mean at return to 2850.x range

Comment

test, retest, drop, retest and break now looking for 3234 to hold as support
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