$ETH
Added 2024-11-07 12:27:53 +0000 UTCI am not a candles guy but if you ever want to see a candle...this is what you want!
An explosive bounce off the 0.78 Fib (which was also the 200 WMA) through the wedge top line and above all the previous highs going back as far as August.
Price is right at the 150 Day MA at $2812 right now, which is also the high from the 24th of August
We have been waiting for this and it's the very least we deserve after consolidating 12 weeks.
I added in the consolidating range and I am happy that I stuck to my strategy.
A test of the 200 Day MA could be next at $2955 here but we can not rule out a retest of the wedge break out level again at $2641....it failed twice already to hold above this level....$BTC also needed to retest its breakout channel too and when it did, it gave a buy signal and took off again
So I would have no issue seeing this happen.
Otherwise, our Wave 3 target is unchanged at $3320.
Comments
$BTC what price to retest of breakout channel ??
Charlie
2024-11-07 17:49:47 +0000 UTC
