#ETHUSD
ETH broke down the parallel channel and hit 2 targets of my last analysis.
there are 2 scenarios that shows dump of ETH will continue to around $2500.
1. the head and shoulders pattern, that broken from the neck line, so price will fall more as the measure of the head height, which is around $2500.
2. the fibonacci levels of swing high, shows the correction wave can continue to 0.618 level , which is the same as a support zone, and it is around $2500.
ETH broke down the parallel channel and hit 2 targets of my last analysis.there are 2 scenarios that shows dump of ETH will continue to around $2500.
1. the head and shoulders pattern, that broken from the neck line, so price will fall more as the measure of the head height, which is around $2500.
2. the fibonacci levels of swing high, shows the correction wave can continue to 0.618 level , which is the same as a support zone, and it is around $2500.
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Related publications
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.