Ethereum 1H Update After Support Break (Target Updated to $1444)
Our main initial support was taken down but the bulls are still ahead, short-term.
ETHUSD failed to keep $1168 went straight through the 0.5. Fib. retracement level.
This is only short-term price dymanics, noise, and should be ignored.
Any trading above the ETHUSD 30-June low at $997 and we stay STRONGLY BULLISH.
The next immidiate support if $1136 fails is set at $1103 or the 0.618 fib. retracement level, followed by $1056.
The target has also been updated to $1444+.
Thank you for reading.
Feel free to leave a comment with your questions.
Namaste.
ETHUSD failed to keep $1168 went straight through the 0.5. Fib. retracement level.
This is only short-term price dymanics, noise, and should be ignored.
Any trading above the ETHUSD 30-June low at $997 and we stay STRONGLY BULLISH.
The next immidiate support if $1136 fails is set at $1103 or the 0.618 fib. retracement level, followed by $1056.
The target has also been updated to $1444+.
Thank you for reading.
Feel free to leave a comment with your questions.
Namaste.
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