The 1st ETH target was reached, as noted in my Mar 6 post.
Price is sitting at multiple Fibonacci support at the moment from separate swings. However, momentum is pretty fast on this downpour, and the .786 level could be reached at 645-650. This would be the extreme low in my view, and I'd expect ETH to swiftly and strongly rebound from there. I don't see it reaching the 200sma (red line). This is an excellent place to take more profit from the 805-810 entry.
Price is sitting at multiple Fibonacci support at the moment from separate swings. However, momentum is pretty fast on this downpour, and the .786 level could be reached at 645-650. This would be the extreme low in my view, and I'd expect ETH to swiftly and strongly rebound from there. I don't see it reaching the 200sma (red line). This is an excellent place to take more profit from the 805-810 entry.
Commentaire:
The low was at 641. We've seen a very quick price reversal and a daily reversal candle is potentially in progress.