Hello,
Been sitting on this chart for a while. Since we've now had a strong retest and close above previous resistance, Ethereum looks set to go significantly higher. To keep the plan simple, taking profits at the referenced levels and rebuying upon successful retests will be the key to riding this major move upwards.
All percentages are the distance between the initial breakout (white dotted line) and the target Fibonacci levels.
0.35 - 0.4 ETH/BTC + looks heavily on the cards, with $350 being where we find major resistance.
This is a longer term play in effect until we have a major close and retest below key levels.
Been sitting on this chart for a while. Since we've now had a strong retest and close above previous resistance, Ethereum looks set to go significantly higher. To keep the plan simple, taking profits at the referenced levels and rebuying upon successful retests will be the key to riding this major move upwards.
All percentages are the distance between the initial breakout (white dotted line) and the target Fibonacci levels.
0.35 - 0.4 ETH/BTC + looks heavily on the cards, with $350 being where we find major resistance.
This is a longer term play in effect until we have a major close and retest below key levels.
Trade active:
ETH/BTC is looking iffy here, but there is still hope. ETH is holding above $300 and looking to make a major move to the upside. As long as we do not have a HTF close below the white line greater than 3 days, this trade is still primed to go. Be patient, a major move is coming.
