ETHUSD to test 120 before bounce? Ethereum in ABC correction
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ETH and all other crypto's look to have one more leg down before possible uptrend resumption.
The rejection was quite strong, and the price retraced to the .618.
Thus an AB=CD retrace would put the end of C at the -.382 extension.
There is a support zone in 125-126 area, and 125 is a psychological round number.
If bulls can hold 125 then it would be a great sign for other bulls.
The rejection was quite strong, and the price retraced to the .618.
Thus an AB=CD retrace would put the end of C at the -.382 extension.
There is a support zone in 125-126 area, and 125 is a psychological round number.
If bulls can hold 125 then it would be a great sign for other bulls.
Not
That first resistance (red zone) proving its energy level with two rejections Not
Yup, that zone is very relevant. .
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Possible EW path that could make 125.50 the end of the ABC correction Not
ETH approaching a local 4.236, possible end of this little wave up Not
ETH definitely noticed the 4.236 .
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ETH still going. Next up the 4.618 Not
Rut Roh. 4.236 was breached briefly, and then rested as resistance .
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ETH definitely paying close attention this fib still .
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ETH: this 3.618 breach after being unable to reach the 4.618 tells me the 3.326 is bulls' last stand on this wave Not
Approaching a possible top here at the 4.236 around 156 .
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