By Christopher Romano — Nov 07 - 11:35 AM
Ether rallied above 2820/40 resistance then hit a 3-month high of 2881.16
Longs face another hurdle, 38.2% Fib of 4093.70-2149.53 drop sits at 2982.20
Break of that Fib possible; rising daily, monthly RSIs imply upward momentum
Should that Fibo break the 50% Fibo of the same drop, August high in focus
If stocks ESv1, gold XAU= rally more & US$ =USD sinks Ether may rally
Fed meeting risk looms, 25bps cut expected; Powell's presser is key
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary