Eth retrace fib level a little higher?
In my previous chart, I thought this will visit 618 fib (around 0.03) and then turn south.
But having another look into it, 764 fib also is a plausible retrace target, for the following reasons:
1- it's not as overbought as I'd expect it to be. it's not even above 70. Also RSI looks like it's gonna make a new high.
2- the fact that the tip of rising wedge intersecting with the 764 fib is just too tempting.
3- overall sentiment has been bullish as far as I observe.
I think this'll visit 0.033 before going down.
But having another look into it, 764 fib also is a plausible retrace target, for the following reasons:
1- it's not as overbought as I'd expect it to be. it's not even above 70. Also RSI looks like it's gonna make a new high.
2- the fact that the tip of rising wedge intersecting with the 764 fib is just too tempting.
3- overall sentiment has been bullish as far as I observe.
I think this'll visit 0.033 before going down.
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