Harmonic Structure: Navarro 200
Ethereum's weekly chart showcases a fully formed Navarro 200 pattern, identified by:
• A deep B-to-D leg extension (~1.364) — beyond typical harmonic norms, validating the Navarro classification.
• Precise internal Fibonacci alignments:
- XA retracement to B = ~0.771
- BC extension to D = ~1.364
• Completion of point D in a historical demand area around $1500, indicating a potential reversal zone (PRZ).
This harmonic pattern suggests a bullish reversal scenario, contingent on price holding above the $1500 level.
Demand Zone: $1500–$1600
This green box zone represents a major accumulation range from early 2023:
• High volume support — confirmed by prior consolidations.
• On-chain data supports this as a major ETH acquisition zone (1.5M+ ETH bought).
• Current bounce from this area following a liquidity sweep reaffirms it as a strong demand base.
Failure to hold this zone could invalidate the bullish harmonic setup.
Target Zones (Based on Navarro 200 Mechanics)
• T1: $2100–$2200
- Historically significant support-turned-resistance.
- Converges with structural highs and prior breakdown area from mid-2024.
- First logical profit-taking or reaction point following a D-point reversal.
• Mid-Zone: ~$2800
Though not labeled as a target, this is a key supply region to monitor:
- Past consolidations and price rejection.
- Mid-range of the overall pattern.
- Also aligns with prior bullish support in 2024 that flipped to resistance.
• T2: $4000–$4100
- Strong weekly supply zone marked in red.
- Aligns with point C of the pattern.
- Also a psychological barrier near the previous all-time high area ($4,868).
- Likely to see heavy resistance if price rallies that far.
Risks to Watch
• Failure to hold the $1500–$1600 demand zone could send ETH into deeper retracement.
Ethereum's weekly chart showcases a fully formed Navarro 200 pattern, identified by:
• A deep B-to-D leg extension (~1.364) — beyond typical harmonic norms, validating the Navarro classification.
• Precise internal Fibonacci alignments:
- XA retracement to B = ~0.771
- BC extension to D = ~1.364
• Completion of point D in a historical demand area around $1500, indicating a potential reversal zone (PRZ).
This harmonic pattern suggests a bullish reversal scenario, contingent on price holding above the $1500 level.
Demand Zone: $1500–$1600
This green box zone represents a major accumulation range from early 2023:
• High volume support — confirmed by prior consolidations.
• On-chain data supports this as a major ETH acquisition zone (1.5M+ ETH bought).
• Current bounce from this area following a liquidity sweep reaffirms it as a strong demand base.
Failure to hold this zone could invalidate the bullish harmonic setup.
Target Zones (Based on Navarro 200 Mechanics)
• T1: $2100–$2200
- Historically significant support-turned-resistance.
- Converges with structural highs and prior breakdown area from mid-2024.
- First logical profit-taking or reaction point following a D-point reversal.
• Mid-Zone: ~$2800
Though not labeled as a target, this is a key supply region to monitor:
- Past consolidations and price rejection.
- Mid-range of the overall pattern.
- Also aligns with prior bullish support in 2024 that flipped to resistance.
• T2: $4000–$4100
- Strong weekly supply zone marked in red.
- Aligns with point C of the pattern.
- Also a psychological barrier near the previous all-time high area ($4,868).
- Likely to see heavy resistance if price rallies that far.
Risks to Watch
• Failure to hold the $1500–$1600 demand zone could send ETH into deeper retracement.
Anmerkung
Target 1 reached
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.