ETHUSDT Q4 Macro Analysis Sept 20th 2022
Below is ETHUSDT simple macro layout for Q4 going into Q1 2023. (This is not a day trading setup)
1)1950-2050 M21ema Resistance Zone
2)1050-950 pivot sprt @0.382
3)650-550 is the immediate support below 1000 (0.382fib)
4) Will discuss about 0.618fib when market
gives more data.
5) Will reassess if price gets prematurely above the M21ema 2100 in Q4 2022
Note: I have stayed with the ETH macro downtrend since $4100 in early December 2021 (10Months).
Below is ETHUSDT simple macro layout for Q4 going into Q1 2023. (This is not a day trading setup)
1)1950-2050 M21ema Resistance Zone
2)1050-950 pivot sprt @0.382
3)650-550 is the immediate support below 1000 (0.382fib)
4) Will discuss about 0.618fib when market
gives more data.
5) Will reassess if price gets prematurely above the M21ema 2100 in Q4 2022
Note: I have stayed with the ETH macro downtrend since $4100 in early December 2021 (10Months).
