ETHEREUM DAILY OUTLOOK. Bullish days ahead?
Dear Investors,
I am currently observing price action on the daily timeframe, and I can see an active bullish impulse which created a new high above 1700.
Currently, price is retracing, so I have pulled up my Fibonacci tool on the active impulse to get more information on the retracement levels.
Price has tested the active demand, so I expect a bullish rejection above any of these Fibonacci levels.
If price creates a strong bullish reaction with a bullish daily candle close above these Fibonacci levels, then I will be looking for bullish entry opportunities on the lower timeframes with my target at 1900.
If price breaks below 1500 area and closes below these Fibonacci levels, then I will be looking at potential bearish opportunities.
Let’s stay patient and see what happens next.
Have a wonderful trading experience.
I am currently observing price action on the daily timeframe, and I can see an active bullish impulse which created a new high above 1700.
Currently, price is retracing, so I have pulled up my Fibonacci tool on the active impulse to get more information on the retracement levels.
Price has tested the active demand, so I expect a bullish rejection above any of these Fibonacci levels.
If price creates a strong bullish reaction with a bullish daily candle close above these Fibonacci levels, then I will be looking for bullish entry opportunities on the lower timeframes with my target at 1900.
If price breaks below 1500 area and closes below these Fibonacci levels, then I will be looking at potential bearish opportunities.
Let’s stay patient and see what happens next.
Have a wonderful trading experience.
