Looking at the daily chart of ETHUSD, we can see that in our retracement journey, we still have miles to marsh north. Our Fibo retracement started from 250$ and we were able to cross 23.6% (312$) before we retraced back. Considering the last three days, on net we are on positive gain. In my humble opinion, I think our next target is to reach 38.2% (352$) as a first target. After that there is a good probability that we ill reach to a second target that represent the golden ratio 61.8% (415$) as a second target. I am saying this because ETHUSD is oversold on the daily hart which will provide the energy to burn until reaching 61.8% at which we need to be very careful because we need to watch and see if ETHUSD will continue or maybe en this and resume going south.
I could be wrong.
I could be wrong.
