Eth the great platform provider for cryptocurrencies generally has a great potential.
Following the ALL TIME HIGH, Eth has been correcting. This asset has been hitting and retesting all the FIBONACCI levels as displayed on my technical analysis.
Currently, this asset is sitting at zone housing FIB 61.8, ASCENDING TRENDLINE and an HORIZON LINE. These aforementioned are all acting as a support level. This makes this zone a CRITICAL zone.
For me, following current market fundamentals. I do believe that ETH is more likely to break through this level downward.
I WILL BE WAITING FOR A BUY AT $2400 - $2300 for middle term investment.
If I am shorting this asset, my TP will be at $2400 ... these 2 targets are both housing FIB 78.6.
I WILL APPRECIATE YOUR LIKES AND COMMENTS AS CRITIQUES.
Note
Waiting for my TP at $2400
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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.