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This is the weekly chart, very basic but very important imo.
We are encountering resistance@636
I think the volatility is going to really go into overdrive as we try to reclaim these Fibbonaci levels @ 61%, 50% and 38% if we’re lucky.
You can see how the 50% retracement level coincides with what seemed to be a lot of support at around 788~ ETH. That will be my final target. I will start to unload at 700 and close out my position there.
We are now dealing with the 61% Fibbonaci, from my knoweldge of Fibbonaci retracement levels this is a very important level. If we can move above this level and stay there, there is a high probability that I will hit my target. It’s actually a very bullish sign that this is in fact a reversal on ETH and possibly the overall market.
Hold on to your nutsacks and panties because it’s going to get a little hectic from here imo.
Good luck trading.
I have my exit position with ETH set at 714..... Great post. Thanks for sharing.
BTC is going to take off here guys....... Hope everybody is ready.