Price is currently sitting between a .618 and .786 retrace from the all-time high. A bullish fractal confirmed in the new year. Price is also below the volume point of control. Entry would be anywhere between the .618 and .786 levels. Short-term targets could be a 50% retrace or the point of control. Notice how similar these levels are.
Fundamentally, Ethereum Enterprise is finding a footing in the legacy banking system. Also, there seems to be a lot of uncertainty in Bitcoin. Ethereum and Bitcoin tend to be non-correlated markets.
Fundamentally, Ethereum Enterprise is finding a footing in the legacy banking system. Also, there seems to be a lot of uncertainty in Bitcoin. Ethereum and Bitcoin tend to be non-correlated markets.
Trade chiuso: obiettivo raggiunto:
Short-term targets reached at a 50% retrace or back to the point of control.