This is a follow-up on my previous ETH analysis.
ETH seems to be finding support around 78.6% of wave B, everywhere I see, people are in distress and panic selling and opening shorts out of FOMO, it looking more and more probable that one last leg up is still due, I will be staying neutral while keeping my short from local top open for time being, will be looking for an opportunity to long it near 78.6% - 90% of wave B.
If we see the upward move like I believe, it will be a swift one. Need some more price action to be more sure.
For mid-term, as long as we are below 2980$, we are bearish overall.
ETH seems to be finding support around 78.6% of wave B, everywhere I see, people are in distress and panic selling and opening shorts out of FOMO, it looking more and more probable that one last leg up is still due, I will be staying neutral while keeping my short from local top open for time being, will be looking for an opportunity to long it near 78.6% - 90% of wave B.
If we see the upward move like I believe, it will be a swift one. Need some more price action to be more sure.
For mid-term, as long as we are below 2980$, we are bearish overall.
