Ethereum Technical Analysis with Fibo MAs

Ethereum Technical Analysis with Fibo MAs

By Ali_St | Paradoxal_Investment | 14 Jul 2022


In below posts I've shared my thoughts on using Fibonacci numbers with MA indicator:

 

In this post, let's analyze Ethereum with help of moving averages.

First of all, a general look:

Ethereum

After a long and horizontal process, it broke the 2018 high by breaking above $1450 at the beginning of 2021. After that, it saw the highest $4870 point in a 10-month period and started to decline from there.

FIBO MA values as of today:

Ethereum

We are above 8 & 21, we can expect a rise until $1400 (MA 55) but since it's a strong resistance I dont expect it to get over.

In above picture you can see how effectively MA 233 worked as support and resistance points (Green line) 

I'll wait until it's over green line again!

Don't forget, in markets, not to lose money is more important than missing out on potential profits. Opportunities never run out but when you lose money it's hard to recover.

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Ali_St
Ali_St

38 years old, economist, trading-addict


Paradoxal_Investment
Paradoxal_Investment

Sharing experience and thoughts on markets and trading after 20 years in traditional stock markets.

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