ETH at $1500 Soon?

in #ethereum • 7 years ago (edited)

ETH has hit another record high a few minute ago at $1420, which marks the 78.6% line of the last wave Fib extention. It's fluctuating between 2 diverging trend lines and so far we haven't seen a strong resistance for this bullish run.

MACD on the 4H chart is still positively divergent, but RSI is hitting 70, suggesting a possible consolidation and possibly a small retracement down to the 61.8% line of the extension of the same wave at $1347, which will form a support line in this case.

DISCLAIMER:

I'm not a financial advisor. I'm just sharing my thoughts from the way I see the market. Your trades are your own responsibilities. Always trade responsibly and only money you can afford to lose.

#bitcoin #cryptocurrency
7 years ago in #ethereum by
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