$ETH
Added 2024-04-22 11:36:42 +0000 UTC3 perfect abc waves pulled back here and found support on the 0.5 Fib leading up to the BTC halving event.
We can not ask anymore of a chart than this.
There has been positive moves on the 1hr chart with both the 50 and 200 MA flipped to support
So on the daily chart here we want to see the price recapture the 50 Day MA at $3475.
There is still a chance that this could move down to the 200 Day MA which has just climbed above the 0.618 Fib now if the markets go red this week with bad earnings reports so this will be something I am watching.
A hold at the 200 Day MA is a clear buy for me.
Comments
Did this complete wave C and is ready to move up now cap?
makis
2024-04-24 07:54:41 +0000 UTCThanks mate
Mark
2024-04-22 12:33:46 +0000 UTCHolds are not based on time, they are based on tests of support, so bouncing and retesting confirms the support level
Gareth Neary
2024-04-22 12:32:56 +0000 UTCA hold mean the price have to stay above sma200 for how long?
Mark
2024-04-22 12:30:49 +0000 UTC
