In this chart, I am showing you the worst possible scenario. If we compare this cycle to the past, we see some very similar things on the weekly chart:
- Weekly RSI divergence
- Testing the 50-level RSI and the trend line from the bottom to the top
- Correction to the 0.5 fibbonacci level.
- Last time we had a war between Ukraine and Russia and now we have a war between Israel and Iran
- Last time everyone on X(twitter) was talking and cheering about Alt-Seoson and ToTheMoon and now we have the same situation, DYOR, check X
$750-800 for Ethereum are the lows of the two global channels. So it's a logical bottom. And after the price reaches the bottom, we can reach the top of the channel.
Hence after this mega-dump we will see #ETH at $18000-20000.
What do you think about this scenario?
- Weekly RSI divergence
- Testing the 50-level RSI and the trend line from the bottom to the top
- Correction to the 0.5 fibbonacci level.
- Last time we had a war between Ukraine and Russia and now we have a war between Israel and Iran
- Last time everyone on X(twitter) was talking and cheering about Alt-Seoson and ToTheMoon and now we have the same situation, DYOR, check X
$750-800 for Ethereum are the lows of the two global channels. So it's a logical bottom. And after the price reaches the bottom, we can reach the top of the channel.
Hence after this mega-dump we will see #ETH at $18000-20000.
What do you think about this scenario?
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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.
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.