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ETHEREUM DAILY OUTLOOK. Bullish days ahead?

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
Dear Investors,

I am currently observing price action on the daily timeframe, and I can see an active bullish impulse which created a new high above 1700.

Currently, price is retracing, so I have pulled up my Fibonacci tool on the active impulse to get more information on the retracement levels.

Price has tested the active demand, so I expect a bullish rejection above any of these Fibonacci levels.

If price creates a strong bullish reaction with a bullish daily candle close above these Fibonacci levels, then I will be looking for bullish entry opportunities on the lower timeframes with my target at 1900.

If price breaks below 1500 area and closes below these Fibonacci levels, then I will be looking at potential bearish opportunities.

Let’s stay patient and see what happens next.

Have a wonderful trading experience.

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