Ethereum
The long term view is showing an accumulation period for ETH/USD that is ready to break out! This long accumulation period suggests an excellent risk/reward opportunity.
The 100 and 200-day MA are beneath the current price and the Fib retracement to .618 would bring the price down to 152.50. I think after this pullback, we could see a breakout of the trendline heading toward a price range of 364 to 399.
Happy Trading! 3rd Dog
I’m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
