Eth has been too strong these past few days...
Will it continue to go higher or will it retrace first to give a leg up for its price?
Something that goes up will eventually go down or retrace back, thus, if it retraces, I will look around 0.5 fib level from the very low ($1722) and the newest low ($2460).
The fib 0.5 level from the very low is at a price of $2460 (which is the same as the newest low)
and The fib 0.5 level from the newest low is at $2820-ish which is also coherent with the orange trend line ETH is currently at.
If it continues higher, I suspect it will meet resistance at the $3360 level.
Will goes up or down? and what price point do you guys think it will have its leg into? Comment below... THX
Will it continue to go higher or will it retrace first to give a leg up for its price?
Something that goes up will eventually go down or retrace back, thus, if it retraces, I will look around 0.5 fib level from the very low ($1722) and the newest low ($2460).
The fib 0.5 level from the very low is at a price of $2460 (which is the same as the newest low)
and The fib 0.5 level from the newest low is at $2820-ish which is also coherent with the orange trend line ETH is currently at.
If it continues higher, I suspect it will meet resistance at the $3360 level.
Will goes up or down? and what price point do you guys think it will have its leg into? Comment below... THX
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.