Technical analysis regarding the price of ETHEREUM in relation of dollar Binance for the next scenarios, based on 4 hour movement.
The price formed an inverted Shoulder-Head-Shoulder graphic pattern (bullish pattern) and, if we take Fibonacci and project from the beginning of that leg kick, the target perfectly matches the size of the projection from the beginning of the neck line to the head. It is a beautiful thing to observe, with mathematical principles that can be respected!
Price above the Exponential Moving Average of 34 and 89 periods and both moving away from each other.
disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***