ETHUSD: A Look at Target Ranges Based on Diagonal Trend Lines.
Hi Everyone! I wanted to place an emphasis on our Diagonal Trend Lines in this publication to get an idea of where we may be going next. I'll post FIB Extensions later in the description. I've also posted a screenshot of this chart for easier viewing. If you prefer to use the cover chart for your viewing, I recommend clicking the plus (+) symbol at the bottom center of the chart a couple of times and dragging the chart where you wish.
Comment:
UPDATE:
Another look at the 5-Day "with" indicators:
Another look at the 5-Day "with" indicators:
Comment:
Remember the Purple vertical time line I placed in the 6-Day in history in the video? That's on the left side of this chart but I put the chart on the left in the 24h time frame instead of the 6-Day time frame. The 24h time frame on the right is present day of course.
Comment:
UPDATE:
This is an older completely different ETHUSD chart with FIB Extensions and Diagonal Trend Lines combined (Weekly Time Frame):
Weekly
This is an older completely different ETHUSD chart with FIB Extensions and Diagonal Trend Lines combined (Weekly Time Frame):
Weekly
It's important NOT to get dead set on a price target; but rather get dead set on watching the indicators in multiple HIGH time frames to get an idea of when we are approaching exhaustion. Then have a look at a group of LOWER time frames for better exit strategy.