Bullish reversal candle today as BTC Miners are starting to get some post halving attention. Breakout of uptrending wedge pattern soon with Stoch/RSI turning up. These miners can run 50-60% in 6 or 7 trading days when they decide to go. $30 to $35 target. Holding long term $30 Calls into the bull cycle for much higher price targets.
COINBASE:ETHUSD
Breaking an all time high could put any of these FIB extensions in play for this cycle.
If we can get an all time high breakout sometime in, I could see the potential for the 1.618 FIB extension around 7,300 to be hit by end of 2024.
A break of the ETH all time high could put any of these FIB extension targets in play.
If we break the all time high by June 1st, I could see the FIB 1.618 extension of 7,310 being hit by early fall 2024 or by year end.
