Ethereum - Looking for a bounce from the support area.
The market is showing a strong bounce from the first support zone near to 0.618 fib level and already breaking above of 0.5 fib level which signifies that the price is trying to push higher.
The 4h candle needs to close above of 0.5 fib level to give reliance to this bounce and to the breakout.
It's important to be patient and not to fomo in as the volume hasn't seen any major increase so far.
If it doesn't hold the first support zone that can be find near to $454 level then it's more likely to test second support zone that is in between of $442 - $446 levels.
Please, if any question comes to your mind don’t hesitate to ask! I try my best to respond ASAP!
If you need help with trading, finding information or courses let me know and I’d be more than happy to help you! Feel free to DM me in here or in my Twitter!
Things to Remember:
DISCLAIMER:
Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing in anything.
Yarr
The 4h candle needs to close above of 0.5 fib level to give reliance to this bounce and to the breakout.
It's important to be patient and not to fomo in as the volume hasn't seen any major increase so far.
If it doesn't hold the first support zone that can be find near to $454 level then it's more likely to test second support zone that is in between of $442 - $446 levels.
Please, if any question comes to your mind don’t hesitate to ask! I try my best to respond ASAP!
If you need help with trading, finding information or courses let me know and I’d be more than happy to help you! Feel free to DM me in here or in my Twitter!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
- Do your homework before investing.
DISCLAIMER:
Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing in anything.
Yarr
Comment:
ETH is showing three white soldiers which is bullish candlestick pattern.
