Hello again everyone and thank you for viewing this latest update of my opinion on Ethereum. Here you can see on the daily chart that the 25 day moving average is flattened out and appears to be starting a slight incline.Also RSI is trending up in the bullish zone with higher highs and higher lows. I would look for a test of the $478 line to happen before another move up here, also in the .618 fib region so I think this will be a strong support (previous resistance). After correction im looking for a target of the 1.618 fib range around the area of $650 assuming support holds and that wave 3 begins in that area. This is my opinion and not financial advice so I hope to hear your feedback and if this chart helps you out in any way then that is awesome!! Good luck traders...and holders!!
Trade ativo:
WOW!!! Looks like this is stronger than I first thought! Looks like it was a very minor corrective period and that we are headed to the 1.618 fib range, target of 650 still stands but keeping an eye on it as the RSI is coming up to the oversold range on the daily time frame.