Tested 38.2% Fibonacci support level with success, now heading to 23.6% fib level and should do very soon.
The green trend line shows that by mid February we'll see ETH break the 0% Fib level and therefore create a new All Time High!
RSI looks very good as we are currently on less than 50% implying more buyers on the way!
We are moving above 100, 50, 20 day Moving Averages therefore we are very bullish at the moment and are currently trying to break the 10 day moving average.
Buy range should be from $1,147.00 to $1,180.00 but you can buy in higher.
The targets are drawn as blue dashed lines and are as followed with respected returns from 38.2% fib level:
T1 : $1,252.97 9.2%
T2 : $1,422.44 24.0%
T3 : $1,570.30 36.9%
T4 : $1,735.22 51.3%
Set stop loss accordingly!
Any comments or messages will be much appreciated. If you want me to do some technical analysis on any other coin, please let me know!
BTC donation wallet address : 17xaafCmrBj3TL4rXNczuuM1MuvEGwX6XJ
LTC donation wallet address : LNDYMjUEJqo1EuexEbTX6E157tZDBGqtgR
I am not a financial adviser, please trade at your own risk!
The green trend line shows that by mid February we'll see ETH break the 0% Fib level and therefore create a new All Time High!
RSI looks very good as we are currently on less than 50% implying more buyers on the way!
We are moving above 100, 50, 20 day Moving Averages therefore we are very bullish at the moment and are currently trying to break the 10 day moving average.
Buy range should be from $1,147.00 to $1,180.00 but you can buy in higher.
The targets are drawn as blue dashed lines and are as followed with respected returns from 38.2% fib level:
T1 : $1,252.97 9.2%
T2 : $1,422.44 24.0%
T3 : $1,570.30 36.9%
T4 : $1,735.22 51.3%
Set stop loss accordingly!
Any comments or messages will be much appreciated. If you want me to do some technical analysis on any other coin, please let me know!
BTC donation wallet address : 17xaafCmrBj3TL4rXNczuuM1MuvEGwX6XJ
LTC donation wallet address : LNDYMjUEJqo1EuexEbTX6E157tZDBGqtgR
I am not a financial adviser, please trade at your own risk!