🔥 Ethereum Fibonacci Reversal: Higher-Low Confirmed
ETH is seeing a strong bullish impulse after reaching the 0.618 Fibonacci retracement level. This level is classically a strong area of support where higher-lows get put in.
From here onwards, I think we can see more bullish price action in the short term. Targets placed at $3200 and $3500 for the coming two weeks.
Since a macro trend reversal has not yet occurred on BTC's daily chart, I'm not convinced that we're going to see ETH trading above $4k yet in the near future. For that to occur I want to a higher high for both BTC and the NASDAQ.
Happy trading!
From here onwards, I think we can see more bullish price action in the short term. Targets placed at $3200 and $3500 for the coming two weeks.
Since a macro trend reversal has not yet occurred on BTC's daily chart, I'm not convinced that we're going to see ETH trading above $4k yet in the near future. For that to occur I want to a higher high for both BTC and the NASDAQ.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: www.fierytrading.com
