ETH FIB RETRACEMENT + Fair Value Gap 5/21/24
We have show resistance at 3727, Currently we look to be bouncing off the fair value gap from 3616 to 3638. We can see a double top yet it might play out to be a triple if we don't just break through this FVG.
The fib levels would show us a drop price back down to around 3400. Also looking at the RSI on the 4hr time frame we are in over sold territory. yet on the daily just touch the 70.
As we have seen a large momentum sweep and active volume over the past two days, I have marked up my chart to share what i think is the next move for eth.
This is my first published idea and would love to hear feedback on my analysis! THANK YOU ! I WISH US ALL BIG WINS!
The fib levels would show us a drop price back down to around 3400. Also looking at the RSI on the 4hr time frame we are in over sold territory. yet on the daily just touch the 70.
As we have seen a large momentum sweep and active volume over the past two days, I have marked up my chart to share what i think is the next move for eth.
This is my first published idea and would love to hear feedback on my analysis! THANK YOU ! I WISH US ALL BIG WINS!
Trade closed: target reached:
The Price has respected the fib level and we are in the 3400 range as predicted. Due to the news we didn't see it sooner, yet here we are !