ETHUSD Potential for Bullish Continuation| 4th November 2022

4 Kas 2022

On the H4 chart, the overall bias for ETHUSD is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. With price tapping into our buy entry at 1561.62, where the 2 of the 61.8% Fibonacci lines are located. We are looking to take profit at 1792.55, where the previous high and 100% Fibonacci line is located. Our stop loss is relatively safe being set at 1411.43, which is slightly below where the 38.2% and 100% Fibonacci lines are located.

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