ETHUSD Last call before $4600
Ethereum has crossed above July's Falling Resistance and has started a new bullish phase.
A crossing above the 0.5 Fibonacci level, confirms the bullish extension.
This is the pattern that was followed last October (2023) right when the mega rally started.
Trading Plan:
1. Buy if the 0.5 Fib breaks.
Targets:
1. 4600 (the 1.5 Fibonacci level, in line with the Dec 7th 2023 High).
Tips:
1. The RSI (1d) has already been on a Bullish Divergence since the August 5th low. Similar pattern with the August 18th 2023 bottom. Perfect time and price symmetry.
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A crossing above the 0.5 Fibonacci level, confirms the bullish extension.
This is the pattern that was followed last October (2023) right when the mega rally started.
Trading Plan:
1. Buy if the 0.5 Fib breaks.
Targets:
1. 4600 (the 1.5 Fibonacci level, in line with the Dec 7th 2023 High).
Tips:
1. The RSI (1d) has already been on a Bullish Divergence since the August 5th low. Similar pattern with the August 18th 2023 bottom. Perfect time and price symmetry.
Please like, follow and comment!!
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