ETH's support levels- analysis based on Gann Squre and arcs

With the Etherium merge complete, the predicted dump might be incoming.
TA-wise, Gann square played out perfectly and still indicates support levels that could be relied upon based on the previous prediction result.

Watch Gann Fan* 1 x 3 (green) if the price further goes down through the crosspoint of the arcs.
Because significant support lines are absent immediately below, It seems prices like 1256, 1189, and 1123 aren't so far-fetched if a stronger sellout takes place.
The intersections of Gann Fan with Fibonacci levels would provide solid support.

Shaded aqua-colored zones also indicate S & R like Ichimoku cloud, based on my previous observation.

* A component of Gann Square. I emphasized it with a different (green) color.

تعليق:

H1 magnification.