ETH (Y20.P2.E4).Big opportunity

١ أغسطس ٢٠٢٠

Hi All,

(ref. B.charts)

Looking at the weekly chart, we can observe the following:

a) Strong resistance level (refer to red markings) = $360
b) If it we breaks this, more so when we break it, then based on the inverted BARR strategy, we have $800 to $940 (over performance) range as the macro target.
$500 will be another interim resistance.
We need to see this break above $360 with at least a daily open and close candle before we can look at validating it.
c) Target levels have Fib. retracement levels in confluence with Inverted Barr targets.

My thoughts, we are likely to break it soon if not today and then get the retest on this level, definitely.
Why, because the WT indicator shows room to the upside before it crosses over.

FYI, I'm still holding to go long just like with BTC (13500 to 13800).

Please give me a like or tick for this post.

Regards,
S.Sari

12 HRLY chart, RSI looks extended


2D chart shows strong upward pressure


Weekly chart, note RSI trend line equates to resistance as well at this level.


Monthly chart with MR and MS, resistance and support

PREVIOUS POST with detailed TA information

٢ أغسطس ٢٠٢٠

ملاحظة

ETH did a nice run but the dump has caused uncertainty and its struggling to stay above 360 on the daily.
If it holds for another 2 days, then we have potentially re-accumulation area otherwise.. as per this chart.

٣ أغسطس ٢٠٢٠

ملاحظة

Price is holding above 360 even though I see downward pressure. I'm still hodling for the upper targets.

٤ أغسطس ٢٠٢٠

ملاحظة

looking from the smaller time frames, key level broken, needs to hold longer now.

٥ أغسطس ٢٠٢٠

ملاحظة

For now, 15 min chart and my levels show the squeeze and using CRD, the support zone