ETHUSDT hit our last target at $2000. It’s now in downtrend after major resistance from $2000. Its next potential entry zone is around $1215-1290. Confluence of Fibonacci level, trendline, weekly resistance and AB = CD target (at 1215) are making it a strong support zone .
Analysis Criteria:
1. MACD Divergence on 4H
2. Trend line
3. Fibonacci retracement 78%
4. Major Support
5. AB = CD
Buy after confirmation on lower Timeframes.
Happy Trading!
Analysis Criteria:
1. MACD Divergence on 4H
2. Trend line
3. Fibonacci retracement 78%
4. Major Support
5. AB = CD
Buy after confirmation on lower Timeframes.
Happy Trading!