Ethereum Short Target
ETH appears to be on the verge of breaking out. With prices declining to lows since its recent rally, the retracement seems to be treading above the .78 Fib level.
Key items to look out for in the future to confirm the breakout is to confirm a solid close above the previous support level and an increase in RSI. This can be seen as a bullish divergence with MACD crossing upwards.
Target is 10-13% up since the last breakdown.
* This is all personal opinion and all TA's aren't perfect. I do own ETH. *
Key items to look out for in the future to confirm the breakout is to confirm a solid close above the previous support level and an increase in RSI. This can be seen as a bullish divergence with MACD crossing upwards.
Target is 10-13% up since the last breakdown.
* This is all personal opinion and all TA's aren't perfect. I do own ETH. *
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