ETH/USD Fib Extension & Continuation Idea
Assuming this latest bull run is still in tact, our 23.60% fib retracement level ($160) has provided strong support 3 times now and on high volume. I expect some volatility in between our 23.60% fib ($160) and the top of our bull run before the fib extension ($184) before ultimately consolidating and pushing for new highs.
I will be a strong buyer all the way down to our 38.20% fib level ($144). A breach of this level could cause concern for a trend reversal, which would be confirmed with a break of our 50% fib level ($135)
Keep in mind these price targets are not exact, and can vary by a couple % in either direction. These targets are used as a general idea in understanding the direction of the market as a whole.
I will be a strong buyer all the way down to our 38.20% fib level ($144). A breach of this level could cause concern for a trend reversal, which would be confirmed with a break of our 50% fib level ($135)
Keep in mind these price targets are not exact, and can vary by a couple % in either direction. These targets are used as a general idea in understanding the direction of the market as a whole.
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