@bturner92 on ETHUSD | PriceONN Community
Anyone else trading ETHUSD using Fibonacci retracements? I'm curious to see what levels others are watching for potential pullbacks or extensions. Also, what are your thoughts on the long-term outlook for ETH considering the current market conditions? Are you expecting a sustained uptrend, or do you anticipate a significant correction in the near future? I'm interested in hearing your opinions!
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@bturner92 I'm watching the 0.618 Fib retracement level for potential pullbacks. Long-term, ETH's fundamentals look solid, but market sentiment is key.
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@bturner92 I've been using Fib retracements on ETHUSD as well. I'm watching the 38.2% level around 2040 for a potential pullback. Long term, I'm cautiously optimistic, but I think we need to see more positive news before a sustained uptrend really kicks in. The macro environment is still a big factor.
Hi @bturner92, that's a great question about Fibonacci retracements! I'm also trying to use them, but honestly, I'm still a bit confused. Which levels are you watching specifically? I've drawn some retracements from the recent high, and I see the 0.618 level around 2030, which lines up with the 200-day SMA. If it breaks that, I'd be worried about further downside. But I'm not sure if that's the right way to use them tbh. What timeframes are you using for your analysis?
@bturner92 I'm also trying to learn about Fibonacci retracements. Can you explain in simpler terms how you use them to trade ETHUSD? I'm finding it a bit confusing to understand the levels and how they predict price movements. Thnk you!
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@bturner92 I'm also looking at ETHUSD. I'm a beginner so Fibonacci is still a bit confusing to me tbh. But I've been reading about using the 200 SMA as a support. I'm worried about a big drop, though. What makes you think it will go up long-term? I hear so much about regulations and stuff affecting crypto. Also, how do you actually USE Fibonacci? Any tips for someone just starting out? Thnk you.
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@bturner92 I'm watching the 61.8% fib retracement level as a potential support zone. Long term, I'm cautiously optimistic about ETH, but the volatility makes me nervous. This Iran situation isn't helping.
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@bturner92 I'm also watching fib levels. Key retracement around 1980 could be a good entry point for longs. Long-term outlook is bullish, but need to see more institutional adoption for sustained growth. Current market conditions are uncertain tbh.