Not only is ETH showing good support at the 0.5 fib retracement level, it has yet to touch the gigantic resistance line that began to form in 2017.
It is also bouncing off multiple times and showing good support on the 50MA and the 0.5 fib retracement level, two very powerful indicators in crypto.
Most importantly, this last price increase was too fast, and as you may know, there tends to be cycles, so I think we still have some momentum to go to the top and touch the upper pink line.
Also, price prediction matches a price range of around 300$, a psychological level.
It is also bouncing off multiple times and showing good support on the 50MA and the 0.5 fib retracement level, two very powerful indicators in crypto.
Most importantly, this last price increase was too fast, and as you may know, there tends to be cycles, so I think we still have some momentum to go to the top and touch the upper pink line.
Also, price prediction matches a price range of around 300$, a psychological level.
註釋
And of course, RSI cooled off pretty good!
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