ETHEUR is a perfect example of a bursting bubble and - like other bubbles - we can see on this chart that it is attracted by its mean.
2 target areas can be identified from extrem fibonacci retracements :
- the first one is very likely to be reached and price will surely fluctuate nearby (the mean)
- the second one represents a real excess of the market and would provide a great long entry
2 target areas can be identified from extrem fibonacci retracements :
- the first one is very likely to be reached and price will surely fluctuate nearby (the mean)
- the second one represents a real excess of the market and would provide a great long entry
Trade geschlossen: Stop wurde erreicht:
Closed @ 8.0, could not be more wrong :(