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jonathonsnell23
Aug 13, 2020 3:11 AM

$550 Bull Target Long

Ether / United States DollarCoinbase

Description

Most of my Analysis is on the chart but to some it up i think we go up to the .618 FIB around $550 but for that to happen we must break through the few areas of resistance from $400 to $425 as depending on Bitcoin price action this area could be a likely spot ETH could reverse and make a lower high similar to what Bitcoin just did a few days ago. On the downside we have strong support around $360 as well as the 100 EMA on the 4HR to support this theory. If we break below the next area I will be looking for buyers to step in is $350 but more then likely $320. Thank You For Your Time!
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