EthereumLong
ETHUSD Daily Chart Tells the LONG Story
Looking at the daily chart of ETHUSD, we can see that in our retracement journey, we still have miles to marsh north. Our Fibo retracement started from 250$ and we were able to cross 23.6% (312$) before we retraced back. Considering the last three days, on net we are on positive gain. In my humble opinion, I think our next target is to reach 38.2% (352$) as a first target. After that there is a good probability that we ill reach to a second target that represent the golden ratio 61.8% (415$) as a second target. I am saying this because ETHUSD is oversold on the daily hart which will provide the energy to burn until reaching 61.8% at which we need to be very careful because we need to watch and see if ETHUSD will continue or maybe en this and resume going south.
I could be wrong.
I could be wrong.
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