InvestMate|2 potential scenarios for ETH/USD to play out

💸2 potential scenarios for ETH/USD to play out

💸I made a couple of measurements.

💸1. Measuring the fibo from the peak before the start of the decline to the bottom.

💸2. Measuring the fibo from the bottom to the local peak.

💸3. Fibo measurement from local peak to local bottom.

💸4. one to one correction (overbalance).

💸5. Trend channel from peak before falls to bottom.

💸There are 2 scenarios.

💸1. We will start the uptrend which will eventually end at the levels of the 1.618 cluster and the one to one correction.

💸2. we will fall to the vicinity of the 0.618 wave level from the bottom to the local peak. After which we will make a rise to the one to one correction

💸This is a purely technical view providing an outlook for the next hours.

💸For a broader perspective I refer you to the previous 2 posts

💸1. A broad look at the crypto and Bitcoin market:

💸2. A technical look at the next few months on eth:

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