---- Short-term Analysis for the next coming days - Hourly Chart (LOG)-------
ETH/USDT: bullish move confirmed to 1380
Context - The ETH reversed up above yearly key support at 880 before drawing a start of bullish reversal - after having prossing in trading range a short-term bullish move has been triggered bypassing 1115 resistance (neutral upside conf)
Market configuration
- Graphical Elements : Graphical Resistance = 1380 Graphical Support = 880 & 1035
- Mathematical Indicators: EMA ( Exp Moving averages) are support but no bullish cross yet = neutral to bullish RSI indicator (below) is back in positive area = bullish - Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (c) has been already reached = 1380 Fibonacci resistance of the wave in progress = 1035 Fibonacci support of the wave in progress = 960 Fibonacci Bearish Target = 795
Conclusion
As long as 1035 remains support a further bulllish move is expected towards 1380 Breaking 1035 a further trading range with swing down will be confirmed