After the drop with the Cryptos, where most of them reached either 618 or 786 Fib levels, ETH is currently trading at a strong confluence zone in the H1 realm.
After successfully testing the 618 level from Fib, prices retraced to find resistance signaling a nice retest confirmation for a short entry.
However, market sentiment remains bullish. This correction brought a reasonable entry price again, which could lead to confirmation for a long entry and a potential new high at the 777 handle.
Expecting this H1 candle's closing to read more about the market sentiment before diving in (market just closed with a Doji bar, "excellent" ironically).
There's nothing left but to keep waiting.
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After successfully testing the 618 level from Fib, prices retraced to find resistance signaling a nice retest confirmation for a short entry.
However, market sentiment remains bullish. This correction brought a reasonable entry price again, which could lead to confirmation for a long entry and a potential new high at the 777 handle.
Expecting this H1 candle's closing to read more about the market sentiment before diving in (market just closed with a Doji bar, "excellent" ironically).
There's nothing left but to keep waiting.
--
*** If you like the idea, don't be shy; click on like and comment. If you disagree, please comment ;-) | Thanks for your support!!! ***
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