ETHUSDT - Still on a rise, testing the USDT 2800 level ?
As we can see, we recovered from the dip that happened a few days ago. At around 11 am UTC+2, we went back on a rise after the correction of yesterday's new high price.
On a H1 scale, the Stoch is indicating that we could see a small correction in the next one or two hours, unless the bulls decide to hit it hard and push it even higher.
We've broken the R1 (from pivots) that stood a little bit under USDT 2650. If the correction we faced a few hours ago was there to correct the explosion that happened around midnight on the 26th, we may only see a very small correction.
If not, we may retest the R1 before bouncing off of it, making a small W pattern. We currently stand in the first zone of the Fibo, a little bit under the 0.236 mark. Our bounce may take up to the 0.382 mark, before correction.
As we have seen recently, ETH is being spotted by more and more people, expecting it to run upwards during the alt season. Whales are charging up, the wind blows towards our destination. Keep holding !
On a H1 scale, the Stoch is indicating that we could see a small correction in the next one or two hours, unless the bulls decide to hit it hard and push it even higher.
We've broken the R1 (from pivots) that stood a little bit under USDT 2650. If the correction we faced a few hours ago was there to correct the explosion that happened around midnight on the 26th, we may only see a very small correction.
If not, we may retest the R1 before bouncing off of it, making a small W pattern. We currently stand in the first zone of the Fibo, a little bit under the 0.236 mark. Our bounce may take up to the 0.382 mark, before correction.
As we have seen recently, ETH is being spotted by more and more people, expecting it to run upwards during the alt season. Whales are charging up, the wind blows towards our destination. Keep holding !