Will history repeat on ETH?

I recently shared a similar idea about BTC and now I wanted share some Fibonacci magic on ETH too.

3 months ago I've shared the first version of this Adam&Eve idea about ETH when ETH was around 1800. In the first version target was $650 then I improved it and I thought it was safe to say my target was $700.

And a week ago I've shared this idea with $700 target again.

Everything about Fibonacci magic is on the chart. It's really simple. The only question is "Will history repeat?"

Commentaire:

I have 3 points:

1. If ETH is going to 700, don't rush to buy. You'll have A LOT of time during an accumulation period. Wait and see how whales react to $700.

2. I'm not saying shorting now is safe. It depends on your margin, your stop, how much you can wait etc etc.

3. I'm not ruling out the possibility that bottom is already in. But I'm saying it's unlikely. It's very unlikely imo.

Commentaire:

If this really happens, accumulation range will be scalper's heaven. I'll personally start to scalping hard once I believe I understand what I see.