You are viewing a single comment's thread from:
RE: ETHUSD - Technical Analysis November 14, 2017 - Current Price $325
Thanks for this. But i At least 2 weeks there is resistance around 345-350. Strong resistance ı think. According to elliot wave principle Ethereum correction is still contunie. And this type of correction is really rare. Zigzag, and Triangle combined correction.
And this is the Combined correction.
Takes time, I tend to look for broader pattern nd think a pennant can be drawn here. doesn't denot direction per se. Just that explosive move comes - will be interesting. I prefer to play the channel than predict outcome. Also 350 is psychological level, will be tought not to crack.
I dont think so. I dont believe psychological levels. ATH for ETH is 400 so 350 could not be psychological level. I always trade with trend. But now ı ı can not see any trend on ETH. The correction is still contunie. I am waiting to buy some ether when it becomes to uptrend again.
round numbers are psychological in trading always -- but especially in crypto.
I mean ATH 400 $, so 350$ cant be psychological level now.. But 450$ can be. I have very different system my friend :) I am trying to learn astrofinance at the moment . I am working to understand william d. gann's theory. so classical TA is different for me. but I respect you on your way :)
By the way ı am here to learn something new. So thanks for your sharing.