What a week for Ethereum, congrats to everyone who managed to take some profits along the way! I do not think we are quite done yet. After a short correction, I believe we will see growth to $900-950, the 1.68 fib extension from the $440 price.
* NOTE PLEASE IGNORE THE FLOATING "T: Buy Zone 1", I must have left it there but it is not part of my analysis *
It's expected to see some consolidation after such dramatic increases. Those who have made profits are going to start looking to take them. Our first support region is around ~$650, although caution is advised because I believe a price target closer to $600 is possible. There is fibonacci confluence there. I will be looking for reentry in the range described, while looking to take profits in the $900-$950 region mentioned.
Once the correction finishes and we start to see growth, we will likely see resistances at the ATH's from the last few days at around $750.
** Comments and critiques always welcome, especially contrasting ideas
** @CAG_CryptoTA
* NOTE PLEASE IGNORE THE FLOATING "T: Buy Zone 1", I must have left it there but it is not part of my analysis *
It's expected to see some consolidation after such dramatic increases. Those who have made profits are going to start looking to take them. Our first support region is around ~$650, although caution is advised because I believe a price target closer to $600 is possible. There is fibonacci confluence there. I will be looking for reentry in the range described, while looking to take profits in the $900-$950 region mentioned.
Once the correction finishes and we start to see growth, we will likely see resistances at the ATH's from the last few days at around $750.
** Comments and critiques always welcome, especially contrasting ideas
** @CAG_CryptoTA
Comment:
So far right on track!