Ethereum Continuation Of Upward Breakout💲

💲Ethereum Continuation Of Upward Breakout

💲Post is a direct continuation of the previous post in which I predicted the upcoming breakout

💲In this post we will look at the chart from a slightly closer perspective.

💲As you can see ETH has been holding steady since the last post. Slowly climbing to higher and higher levels.

💲The support zone which I think is significant is the 0.382 level of the entire upward wave from the bottom of 22.11.2022 to the peak of 30.11.2022

💲The nearest significant resistance zone is around 1450 where there is a cluster of two fibo levels. The first level is 0.382 of the entire downward wave from the peak on 14.08.2022 to the bottom on 22.11.2022 The second level is 0.5 of the entire upward wave from the bottom on 18.06.2022 to the peak on 13.08.2022.

💲The next important resistance zone is around 1570 where we also have a cluster of two levels. The first level is 0.5 of the wave from the peak on 14.08.2022 to the peak on 22.11.2022. The second level is 0.382 of the whole upward wave from the peak on 18.06.2022 to the peak on 13.08.2022.

💲This is where I expect the price to arrive in the coming weeks.

💲As you can see the MACD is also indicating an uptrend

💲A RSI is holding steadily above the 50 level.

💲The scenario I am playing out is a continuation of the upward trend over the next few weeks. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💲*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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