ETHUSD approaching pivot, potential for a rise! | 17th Feb 2022
On the H4, with price moving above the ichimoku cloud, we can expect price to rise to our take profit at 3276 in line horizontal graphical swing high resistance and 61.8% Fibonacci retracement from our Entry in line with horizontal overlap support and 50% Fibonacci retracement at 3020. Alternatively, price may break head to our stop loss, which coincides with horizontal swing low at 2831.