ETH is looking amazing on the weekly time frame(currently). We have our yellow fib for the overall swing high to swing low. The white fib is drawn from our most recent swing high to swing low. Then we have a few trend lines as well as our red box which has acted as both resistance and support for ETH.
I expect a movement to the yellow .236 to occur soon. Then once we get a weekly close above the yellow .236 the next target is the white .618 along with the red resistance box. Don’t really expect to blow right through those levels. Would definitely expect a pull back at those levels which is 2,500.
This analysis is being done on the weekly time frame, these movements take time to play out.
What’s everyone think?
I expect a movement to the yellow .236 to occur soon. Then once we get a weekly close above the yellow .236 the next target is the white .618 along with the red resistance box. Don’t really expect to blow right through those levels. Would definitely expect a pull back at those levels which is 2,500.
This analysis is being done on the weekly time frame, these movements take time to play out.
What’s everyone think?
