$ETH - The price has managed to hold above the 1D Bull Market Support Band during the brief correction we’ve seen over the last couple of days, has bounced off it, and is now testing the lost high-timeframe support range, aligning with the golden pocket between the 0.5 and 0.618 Fibonacci POIs.
As I’ve said before, I believe the low-timeframes will flip bullish again once the price manages to hold above the 0.618 Fibonacci POI for a couple of days and consolidate above it, in order to confirm that the bottom is in and that we’re not going to see a rejection here.
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$ETH - The price has managed to hold above the 1D Bull Market Support Band during the brief correction we’ve seen over the last couple of days, has bounced off it, and is now testing the lost high-timeframe support range, aligning with the golden pocket between the 0.5 and 0.618 Fibonacci POIs.
As I’ve said before, I believe the low-timeframes will flip bullish again once the price manages to hold above the 0.618 Fibonacci POI for a couple of days and consolidate above it, in order to confirm that the bottom is in and that we’re not going to see a rejection here.