Bulls in Control of ETHUSD

9 thg 8, 2017

Ether bulls are firmly in control of the market. The 50% retrace zone of the recent sell off has broken its 61.8% line indicating bulls are full in control of the market. I marked what I think might be some price swings and areas of interest. With the current pace of Ether I suspect some FOMO buying might kick in and all those recent seller will be rushing back in to buy. As a result we might test recent highs very quickly. I think a pullback to 220 area is possible but unlikely given current momentum but even such a large pullback would not be the end of this bull move. I suspect a pullback after touch the all time high (ATH) is a bit more likely but once again with momentum and FOMO setting in we of course can blow past these areas. Lets wait and see what the Ether bulls bring us.