Hi traders. We got monthly chart of Etherium. Picture is as clear as a sky in Malibu.
Pulled up MACD to support my idea on this one. I made some adjustments on this indicator. As you can see, momentum shift happened in Jan 2019. Retest of that region could give as a boost up at least for a short while.
These white candles in MACD are suggesting accumulation period before it turns green and momentum comes back with volume and higher demand.
I see 130$ as our target in OCT/NOV for long term buy orders. 0.881 fib is what I'm looking at, it's medium of Fibs 1 & 0.786. I study charts and often I see 0.881 holding well. It also coincides with monthly supply @130.77. Take into consideration double bottom affect to.
Too many arguments of why 130-111$ range will hold WELL.
Also added next target after 130$ --- 219$.
We might reevaluate potential targets as we go.
This is not a financial advise. Let me know what you think, trade safe!
Xena Exchange Resident - xena.exchange/
Pulled up MACD to support my idea on this one. I made some adjustments on this indicator. As you can see, momentum shift happened in Jan 2019. Retest of that region could give as a boost up at least for a short while.
These white candles in MACD are suggesting accumulation period before it turns green and momentum comes back with volume and higher demand.
I see 130$ as our target in OCT/NOV for long term buy orders. 0.881 fib is what I'm looking at, it's medium of Fibs 1 & 0.786. I study charts and often I see 0.881 holding well. It also coincides with monthly supply @130.77. Take into consideration double bottom affect to.
Too many arguments of why 130-111$ range will hold WELL.
Also added next target after 130$ --- 219$.
We might reevaluate potential targets as we go.
This is not a financial advise. Let me know what you think, trade safe!
Xena Exchange Resident - xena.exchange/
