After breaking such a strong support I had a target at 175 based in my Fibonacci. This week we reached the fibonacci area/price and I am accumulating now ETH for mid term /long term. It might take a little more time to start reversing but this is definitely a strong support/accumulation area and the risk reward is amazing.
Indicators are also very bullish in 1D showing extreme oversold levels and also in 1W chart we also have extreme oversold levels which support the Fibonacci target and a possible reversal
Indicators are also very bullish in 1D showing extreme oversold levels and also in 1W chart we also have extreme oversold levels which support the Fibonacci target and a possible reversal
Note
Closed my long from 185 at 202.2. Insane profits. Will now look for another entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.