Ethereum dipped near the 1d MA50. It is on a Channel Up and if the 1d MA50 holds, the uptrend will be extended.
Even if it doesn't hold, we can still see the 1d MA200 supporting or even the 0.5 Fibonacci. That is what happened on the March 10 low.
Those are the two buy entries currently on this pattern. The target is the 1.382 Fibonacci extension (this is where the April 16 high peaked).
Target 2850.
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Even if it doesn't hold, we can still see the 1d MA200 supporting or even the 0.5 Fibonacci. That is what happened on the March 10 low.
Those are the two buy entries currently on this pattern. The target is the 1.382 Fibonacci extension (this is where the April 16 high peaked).
Target 2850.
Follow, Like, Comment below!