Cryptorphic

#ETHUSDT Is the Dump over?

BINANCE:ETHUSDT   Ethereum / TetherUS
Welcome to this quick update, everyone.

#ETHUSDT bounced right off the $1706 which I called on my previous updates.
That was the golden pocket as per fIB RATIO.

What's next?
There are two scenarios and both are bullish if you see it as a mid-term signal.

We might get another. opportunity to buy ETH around $1700 that could happen purely on a complete daily rejection of $2k ETH. This is Scenario 2.

Scenario 1 is a breakout above the green zone.
If BTC manages to break and close above the Green box I believe ETH will enter into another positive wave after a long consolidation.

Stock RSI shows signs of rejection in the short term.
Let's see how daily reacts.


What's your thought on this?
Do share your views in the comment section and do not forget to hit the like button.

Thank you



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Comments

That's a proper explanation I was looking for. Thanks. Appreciated!!
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