I grabbed this screen from my Coinigy setup late last night.
This Fibonacci retracement is a beauty, really fun to see how well most of the movements this past week and leading up to last night's ATH fit so neatly within! Go ETH!
It's a one hour chart with the retracement starting from the low on Jan 11th. The big dip from the 21st found support right at .786, with the corresponding uptrend leading to last night's ATH 🔥
And more good news, it looks like there loads of support at .382 ($1,268). Lets see what happens this week, but wow looking bullish.
Now why not drop a second fib retracement starting from the low that occurred on Jan 12th.
It's showing confluence.. with the support and resistance setups being confirmed a little more. Price seems really dialed into this fib. I would think that ETH takes another shot at an ATH again today or tomorrow.
Also On This Chart
EMA/MFI/MACD
Up top I've got 3 EMA's at 12, 26, 200. Then I've got the two oscillators below the chart, with an MFI and a MACD.
I trade mostly off the 5 minute chart, with my Trading View setup. This Coinigy chart is a secondary that I've enjoyed having ready to go with a select group of USDT pairs. Keeps the primary chart cleaner too.
Oops, I did miss another DOT pump last night which was a bit disappointing. It's on my watchlist, I've just been too dialed into ETH that I sometimes forget I can trade other coins too..
