Wave correction on ETH so expect some buying in the coming days. Stop hunt on the D1 came in violent and price moved away accordingly. Overall structure is bearish but medium term bullishness is building and a along at market is ideal to see expansion the the other side of the range.
-Fibonacci targets as s/r
- structure breaking to upside
- stop runs
-Breakout pattern confirmation
Once the wave is complete then shorts will be back on the table.
-Fibonacci targets as s/r
- structure breaking to upside
- stop runs
-Breakout pattern confirmation
Once the wave is complete then shorts will be back on the table.
Comment:
wrong about calling the bottom but the bullish bias stands, looking at ETH current pa is synonymous of acumulation and now distribution of longs is expected.