ETH has had a nice run up after the massive drop due to fear of a world recession. I went from 88 USD al the way up to 177 USD in just a month.
As we speak, ETH is dropping after printing a higher high the last few days. It touched the 0.236 fib level, and bounced back up for now. The 0.236 fib level has a nice confluence with the yellow trendline, following a series of high lows. If ETH can keep this support level, I'll go long with a target just below the previous high.
If ETH closed below the yellow trendline, I'll think about going short. Will update if that happens!
Stay safe!
As we speak, ETH is dropping after printing a higher high the last few days. It touched the 0.236 fib level, and bounced back up for now. The 0.236 fib level has a nice confluence with the yellow trendline, following a series of high lows. If ETH can keep this support level, I'll go long with a target just below the previous high.
If ETH closed below the yellow trendline, I'll think about going short. Will update if that happens!
Stay safe!
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