coingraph

Possible ETH Double Bottom (DAILY) w/Fib Targets

Long
POLONIEX:ETHUSDT   Ethereum / Tether USD
Assuming ETH catches support here at the projected (fib based) bounce zone, it could be setting up for a nice double bottom . If so, I've set some target goals also based on fib retracements. For the crypto world this might be a longer swing trade.

I would SET STOPS in case it fails support here. In that case I would be looking for a bounce at the next inverse fib target.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.