A quick update on ETHUSD. I've adjusted the Gann Square a bit making the arcs aligned with the lower points (point 1 and 3).
Target 1: 260$, 23.July
Target 2: 235$, 19.July
My latest ideas on XRPUSD and BTCUSD says the same dates.
Here is why (along with my earlier arguments):
- We are clearly in a descending trend currently (along the gann line).
- A possible global descending wedge could appear (a bit early to confirm this!).
- Target 1 is more likely compared to on how much I think BTCUSD will fall.
- Target 1 fits perfect to the bottom line of the descending wedge.
- Target 1 is also where the outer arc hits the fib circle.
- Target 2 is my earlier target which I think also could fit, but less likely.
- Target 2 is where the outer arc hits the global 1.27 fib level.
Currently we're in a rising wedge which could indicate a drop ahead. It is important that the neckline (the red line) holds it down.
Good luck!
Target 1: 260$, 23.July
Target 2: 235$, 19.July
My latest ideas on XRPUSD and BTCUSD says the same dates.
Here is why (along with my earlier arguments):
- We are clearly in a descending trend currently (along the gann line).
- A possible global descending wedge could appear (a bit early to confirm this!).
- Target 1 is more likely compared to on how much I think BTCUSD will fall.
- Target 1 fits perfect to the bottom line of the descending wedge.
- Target 1 is also where the outer arc hits the fib circle.
- Target 2 is my earlier target which I think also could fit, but less likely.
- Target 2 is where the outer arc hits the global 1.27 fib level.
Currently we're in a rising wedge which could indicate a drop ahead. It is important that the neckline (the red line) holds it down.
Good luck!
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