Ethereum broke down-trend since last All time high while holding green trend line.
This gives one more opportunity to visit 1.272 fib level which is at 5100-5250$
After this move is done expect agressive correction to ~3440$. ETH will surge up to the new ATH at the end of this cycle after correction is over probably somewhere in october.
This gives one more opportunity to visit 1.272 fib level which is at 5100-5250$
After this move is done expect agressive correction to ~3440$. ETH will surge up to the new ATH at the end of this cycle after correction is over probably somewhere in october.
Trade active
Trade is still active. We have witnessed multiple fakeouts up and down. I belive we will see true breakout in coming 2 days. Before FOMC 16th of September ETH should rise to 5k+. Correction probably should start somewhere in 18-19th of Sept.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.