Technical analysis by Miketubarao about Symbol ETHW: Buy recommendation (12/7/2024)

ETHW is showing really good momentum to the upside, it is above anchored vwap from sep 22 high and breaking a two year consolidation and the value area high from that period, the monthly timeframe is shifting to bullish and moneyflow increasing signling strength to keep climbing up. The target is oct/sep 2022 highs between fibonacci levels, weekly level and value area high from oct/sep 2022 highs.TARGET: $9,05 TO $11,35 up to (+120%)