Dear friends, here is the investment information, comments and evaluations Not in the scope of Investment Consultancy . The analyzes and evaluations I have made are based on technical data. (Analysis date: 11.02.2018)
This chart I have prepared DAILY based graphics. (Each red or green bar represents a day.)
ETH this week was very influenced by the panic atmosphere that BTC created on the market. Next week $ 820 beginner ETH $ 560 level. However, with the purchases that came with the recovery of the market, the quick-gathered crypto took part in the money, $ 900 up to the level of At the closing of the week, as it is at the start of the week $ 820 We see that you are moving at the level. Let’s take a look at the technical situations that took place during the past week and evaluate it.
I had been talking about anticipating the formation of a double dip formation for ETH the week before. However, with the sales coming in this week, the sagging of the first bottom of the price has distorted the appearance of this formation. That’s why I moved to FIBO levels with the price moving in this way. If the last graph will be a bit touched; as a result of the ongoing corrective action L1 I have drawn quite a bit from the trend L1-L4 trends are no longer working. Under these conditions it would be appropriate to follow the horizontal movement between the last peak of the price returned. Within the past week FIBO 0 ETH’s returning from FIBO 0.236 quickly FIBO 0.382 level. In ETH, which does not exceed this level, FIBO 0.236 It seems that there is a withdrawal to the level and a recovery from this at least. Let me review this in the light of the developments.
ETH continues to improve its uptrend. The last dip in the correction ($ 560) it also shows how hard the correction is made. I can say that the RSI indicator does not come to the oversold territory and that the downward trend is a bit negative. Current price FIBO 0.286 and FIBO 0.382 level.
In the positive market conditions above is the first resistance zone FIBO 0.382 region. In the break-up of this level FIBO 0.5 level will come to the agenda. I think it is necessary to break up the downward trend and to stay permanently on this level in order for the upward movement to gain momentum. On the negative terms, below is our initial support point FIBO 0.236 level will be our major support. If this level is broken down, the previous bottom zone FIBO 0 level will come to the agenda.