esuvari

Eth retrace fib level a little higher?

Long
KRAKEN:ETHXBT   ETH / XBT
181 views
7
In my previous chart, I thought this will visit 618 fib (around 0.03) and then turn south.
But having another look into it, 764 fib also is a plausible retrace target, for the following reasons:
1- it's not as overbought as I'd expect it to be. it's not even above 70. Also RSI looks like it's gonna make a new high.
2- the fact that the tip of rising wedge intersecting with the 764 fib is just too tempting.
3- overall sentiment has been bullish as far as I observe.

I think this'll visit 0.033 before going down.

Comments

Looks like it's breaking that wedge down.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out