ETH loading up for a big move
For the past week ETH has been in accumulation bouncing between the 0.6 and 0.7 FIB level. I believe we are going to see a big move in the next coming days/ week. we are going to need to see the bulls step in and hold the 0.6 FIB if we are going to see a big move up breaking the 0.7 FIB and then to go for that ATH! The EMA ribbons are slightly on the move upwards and the Stoch RSI is now pushing into the Oversold area indicating the chance of a wave of buys coming soon. Also if you check out the bollinger bands they are starting to squeeze together pointing at a chance of a big move. Lastly our Wave Trend Oscillator has been twisting back and forth due to the stagnant price action over the past week, we want to see our Blue stay and open up ontop of our orange. For the time being ETH and the market is going to follow bitcoin so depending on what BTC does is also a good indication of what the market and ETH will do. Not financial advice just my opinion.
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