Eth Macro With Weekly Closes
This chart is marking weekly close prices in the range above, the macro golden pocket and a continuation of the curvature of the lows since June last year.
While eth may seem to be moving slow it is simply because eth made its major move early and quite quickly while btc has push in more of a stair step fashion.
Still looking for same target of a 50-61.8 retrace from the macro swing low to swing high in the 3000-3500.
Even with higher targets week close price in past price action tends to be respected very well and a reaction at these levels is likely.
IF and it is a IF price continues to rise at the same rate of time vs price this curve would culminate around june or july 2024.
Trade Well.....
While eth may seem to be moving slow it is simply because eth made its major move early and quite quickly while btc has push in more of a stair step fashion.
Still looking for same target of a 50-61.8 retrace from the macro swing low to swing high in the 3000-3500.
Even with higher targets week close price in past price action tends to be respected very well and a reaction at these levels is likely.
IF and it is a IF price continues to rise at the same rate of time vs price this curve would culminate around june or july 2024.
Trade Well.....