Hello, thank you for sharing your insights on the recent market trend. The charts indicate that ether broke the consolidation pattern in a bullish manner, however, do you anticipate it rebounding back to the previous 3 months high? And since it broke the upper resistance, im sure many traders will be looking to pump and dump and make quick profits on this
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Thanks for your comment! I'm personally looking for a 50% retrace at least since we haven't had that yet. I.e., (412+136)/2 = 274. So, I'd want to take some profit if we got as far as this. Then maybe, buy back on a dip. But yeah, after that we can look for other Fibonacci levels -- but I'm not that convinced we're likely to see another big high until nearer when metropolis is released. But, first we need to break the 1-day ema! 😄