ETHUSD Forecast
Updated
D1 - Bullish trend pattern followed by a correction in the form of consolidation. Currently, the price has broken above this consolidation.
H4 - Bullish trend pattern followed by a double wave correction. The price has broken above the most recent downtrend line.
H1 - Bullish trend pattern, expecting further continuation higher after pullbacks.
Invalidation - If the price moves lower, breaks, and holds below the 61.8% (236.41) fibonacci retracement level of this bullish trend pattern in one straight leg then this bullish view will be invalidated.
H4 - Bullish trend pattern followed by a double wave correction. The price has broken above the most recent downtrend line.
H1 - Bullish trend pattern, expecting further continuation higher after pullbacks.
Invalidation - If the price moves lower, breaks, and holds below the 61.8% (236.41) fibonacci retracement level of this bullish trend pattern in one straight leg then this bullish view will be invalidated.
Comment
The price action followed my analysis and delivered an amazing move to the upside!
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