Ethereum took a nice hefty correction after scorching higher all weekend.
I expect support here in the 140-130 area which has both structure support and is 50% retrace of the high-to-highs move. The Fibonacci implies targets of at least $200. If we get a similar sized move as the last one we easily make it to $227 area. How long this takes is anybodies guess. I suspect somewhere in the next 10-days but with all the bullishness behind crypto these days it might take less than 10 hours.
I expect support here in the 140-130 area which has both structure support and is 50% retrace of the high-to-highs move. The Fibonacci implies targets of at least $200. If we get a similar sized move as the last one we easily make it to $227 area. How long this takes is anybodies guess. I suspect somewhere in the next 10-days but with all the bullishness behind crypto these days it might take less than 10 hours.
Nota
I should note that if we get a similar move on a highs-to-highs basis we have targets as high as $270Nota
200 was barely breached. Pulling back to refuel for the move higher.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.