Hello All. Etherium is showing strength as it bounced off of the fib gold level at around $4000 and at the bottom of the descending channel.
All percentages are measured from the time i am making this post
Etherium is currently braking the previous all time high zone once again. We are looking to turn this level as support on the 4 hour charts, short term, and close the daily candle about the $4400. despite the strong rebound, the stochastic RSI still remains in the over sold territory which is another strength indicator.
Short term, looking to hit $4570 level by tonight which is the top of the descending channel's line of resistance.
Long term, we are looking to go towards my 15% mark which sits at the top of the ascending channel's line of resistance.
Next target after that sits at %6200 which is the fib 161 level. This is the 40% target
Thanks for reading and stay tuned. Enjoy.
All percentages are measured from the time i am making this post
Etherium is currently braking the previous all time high zone once again. We are looking to turn this level as support on the 4 hour charts, short term, and close the daily candle about the $4400. despite the strong rebound, the stochastic RSI still remains in the over sold territory which is another strength indicator.
Short term, looking to hit $4570 level by tonight which is the top of the descending channel's line of resistance.
Long term, we are looking to go towards my 15% mark which sits at the top of the ascending channel's line of resistance.
Next target after that sits at %6200 which is the fib 161 level. This is the 40% target
Thanks for reading and stay tuned. Enjoy.
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Disclaimer
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.