BYBIT:ETHUSD
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Resistance zone is formed of lows on 9/B~9/M and highs on 9/E
With reversed Fibonacci retracement, support zone is marked.
*You can refer to my last analysis about ETHUSD, showed how Darvas Box gives a support zone.
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Here, time-space trade off is necessary to wait for the downtrend line keeps going.(blue dashed line)
Therefore, we expect the bumpy ride is going till Oct, and any collapse would get rallied back to Vegas tunnel_144/169ema rapidly.
In the end of this bumpy ride, price breaks out the dashed line, then bullish ETHUSD will go on.
-
Resistance zone is formed of lows on 9/B~9/M and highs on 9/E
With reversed Fibonacci retracement, support zone is marked.
*You can refer to my last analysis about ETHUSD, showed how Darvas Box gives a support zone.
-
Here, time-space trade off is necessary to wait for the downtrend line keeps going.(blue dashed line)
Therefore, we expect the bumpy ride is going till Oct, and any collapse would get rallied back to Vegas tunnel_144/169ema rapidly.
In the end of this bumpy ride, price breaks out the dashed line, then bullish ETHUSD will go on.
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