$ETH ETH has completely broken through the accumulation zone that lasted throughout July and August (around the 1,800 - 1,900 area) with a bullish long-bodied Marubozu candle.
Price has surpassed the key Fibonacci level 0.382 (2,061.74) and is heading straight toward the old historical peak zone from May at 2,373.40 (Fib 0 level on your measuring tool).
Note: The Stoch RSI indicator on the daily timeframe has reached the maximum level of 100.00 (extremely overbought). This means the uptrend momentum is very strong, but short-term profit-taking pressure may appear at any time within the next 1-2 days to form a re-test wick.
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$BTC
Price has surpassed the key Fibonacci level 0.382 (2,061.74) and is heading straight toward the old historical peak zone from May at 2,373.40 (Fib 0 level on your measuring tool).
Note: The Stoch RSI indicator on the daily timeframe has reached the maximum level of 100.00 (extremely overbought). This means the uptrend momentum is very strong, but short-term profit-taking pressure may appear at any time within the next 1-2 days to form a re-test wick.
#Write2Earn
$BTC