Fib levels to try and follow next move.
Hi traders,
ETH is grinding along nicely, we broke out of most recent range quite convincingly. I am expecting the previous range high to become support around 350. if test of previous range hold i think we will see 1.272 extension pretty soon withing the next week or so. After that i would expect market to retrace somewhat, and bounce around for some time between 350-400 until we can break out of the larger range and move to test ATH.
I entered long at 316 however entries long can go around 350 with stops around 320 and targets at 395ish.
good luck
ETH is grinding along nicely, we broke out of most recent range quite convincingly. I am expecting the previous range high to become support around 350. if test of previous range hold i think we will see 1.272 extension pretty soon withing the next week or so. After that i would expect market to retrace somewhat, and bounce around for some time between 350-400 until we can break out of the larger range and move to test ATH.
I entered long at 316 however entries long can go around 350 with stops around 320 and targets at 395ish.
good luck
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