I was looking at ETH on the Daily and notice that price is inside the buy zone as per ProTrader script. As I have seen on many occasions that price manages to touch upper level (the golden line), I am of opinion it might do so this time as well. Since price is below 3194, price has to reach up to trigger a long trade at 3194.

Traders may want to look for retracements on Lower time frames to spot a long trade entry opportunity.

For the curious types, the levels are plotted automatically by ProTrader script and are based on Fibonacci Sequence.

Let’s see what happens.