RATE Group | The price is getting sticky at an important Fibonacci level
79441
wp-singular,post-template-default,single,single-post,postid-79441,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

The price is getting sticky at an important Fibonacci level

14 Feb The price is getting sticky at an important Fibonacci level

Posted at 15:45h in Ethereum News by

[ad_1]

  • Ethereum is trading 1.53% higher on Friday as general crypto sentiment is positive.
  • ETH/USD has moved higher and is stalling at the 61.8% Fibonacci level.

ETH/USD Daily Chart

Ethereum is trading higher on Friday.

Now the price has moved above 270.00 which is a key Fibonacci level.

The 61.8% is often considered the most important of the retracement levels. 

If the level breaks and holds the next resistance is at 320.00.

It’s hard to track a chart that has such velocity, In this instance it’s hard to see where this rally will end.

Ethereum Analysis

Additional Levels

 

[ad_2]

Source link