Approaching Line in the Sand. Break Through or Sand in Face..?

ETH has got to prove itself at $300. If we break through, we are in a new impulse wave structure. If we stall at $300 and start to retrace, then ETH remains in a bear trend. If you're long now, expect some sort of reaction at $300. If you're looking to get long, it's a wait and see moment. Currently, the expectation is that we will see a reaction and a pullback. We've got an over bought oscillator, the 61.8 retracement of the entire move lower and the 100% alternate price projection all coming together as we approach $300. I'm a long term bull, so I'm looking for a push through but it would surprise me. Ultra aggressive traders can look for a short with a tight stop just above the 61.8. The trade I'll wait for is the wave-4 if and when we get through $300 convicingly...