ETHUSD to test 120 before bounce? Ethereum in ABC correction
Zaktualizowano
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.
Uwaga
That first resistance (red zone) proving its energy level with two rejections Uwaga
Yup, that zone is very relevant. .
Uwaga
Possible EW path that could make 125.50 the end of the ABC correction Uwaga
ETH approaching a local 4.236, possible end of this little wave up Uwaga
ETH definitely noticed the 4.236 .
Uwaga
ETH still going. Next up the 4.618 Uwaga
Rut Roh. 4.236 was breached briefly, and then rested as resistance .
Uwaga
ETH definitely paying close attention this fib still .
Uwaga
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 Uwaga
Approaching a possible top here at the 4.236 around 156 .
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