ETH daily time frame outlook.
Good ole ETH slowly grinding. On the daily time frame we’ve seemed to put in a “high” and now as long as we don’t fall below the $880 area we will have put in a higher low. Which means we should expect a higher high above $2,000.
The area I’m looking out for is the white .618 fib which lines up with the red resistance box and the white trend line. Which is $2,550. The white .618, red box and trend line all line up with December 29th.
Trades take time to play out. Be patient and have a plan. Definitely take profits around $2,500 and set a tight trailing stop loss because this area is a huge make it or break it area for a swing trade.
What’s everyone think?
The area I’m looking out for is the white .618 fib which lines up with the red resistance box and the white trend line. Which is $2,550. The white .618, red box and trend line all line up with December 29th.
Trades take time to play out. Be patient and have a plan. Definitely take profits around $2,500 and set a tight trailing stop loss because this area is a huge make it or break it area for a swing trade.
What’s everyone think?
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