Cryptorphic

#ETH/USD 1D Clear Fib level Targets

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Hello everyone.
A ton of Thanks for all the support.
Please like this post before you start reading this. It motivates me to work on more charts everyday for you all.

Coming back to the chart:

ETH in this daily chart looks prime.
200 MA acting as a strong resistance at the moment. We need to break this resistance.
RSI seems overbought in daily. I’ve plotted the saturated points in RSI where we saw the pull backs.
A healthy retracement could be a good sign for better growth.
However we have already broken out of the resistance trend line and retested multiple times.
$160 being a major support after consolidation It’s likely that the fib level targets that has been highlighted with green
Can be achieved easily.
Currently price is hovering around the .786 fib level resistance.

I am net ling on ETH for mid term. BTC price seems to be touching the 10k level soon after pull backs which will easily drive the ETH price to the said targets.

Again, please leave a like, it costs you nothing but motivates me.

#Peace

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