ETH/USDT: bullish move confirmed to 1380

---- Short-term Analysis for the next coming days - Hourly Chart (LOG)-------

ETH/USDT: bullish move confirmed to 1380

Context
- The ETH reversed up above yearly key support at 880 before drawing a start of bullish reversal
- after having prossing in trading range a short-term bullish move has been triggered bypassing 1115 resistance (neutral upside conf)


Market configuration

- Graphical Elements :
Graphical Resistance = 1380
Graphical Support = 880 & 1035

- Mathematical Indicators:
EMA ( Exp Moving averages) are support but no bullish cross yet = neutral to bullish
RSI indicator (below) is back in positive area = bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (c) has been already reached = 1380
Fibonacci resistance of the wave in progress = 1035
Fibonacci support of the wave in progress = 960
Fibonacci Bearish Target = 795


Conclusion

As long as 1035 remains support a further bulllish move is expected towards 1380
Breaking 1035 a further trading range with swing down will be confirmed

Trade fechado: objetivo atingido:

update coming soon