ETHUSD retrace watch: Etherrium hit targets + buy again zones

Mis à jour

Quick short term outook with support zones worth watching.

This is a follow up to my expected top (which was surpassed by a blow off top and thus the large retrace)

ETHUSD study of Elliot Waves and Fibonacci: Etherium waves

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ETH might be starting an impulse off my first support zone

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Just hit first resistance and was definitely noticed

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Go ETH. It may have confirmed previous resistance as new support. Check out the EXACT bounces on the red zone, the boundaries of which were clalculated from Fib Ratios

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Another EXACT bounce

but is a bit concerning for bull view. Ideally it should not have come back to it at all. Each time it is hit, it will become weaker. Next approach will probably go right through. So bulls need to pull away from it as quickly as possible.
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Here it comes again, lets see if it holds a third time

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Rut Roh

let see if it can come back into the red zone quickly. If not, it will fall quite a bit more
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Oh boy, an exact bounce on same line only in OTHER direction.

I would not be surprised to see price come back up and test the LOWER boundary and if it rejects from it, down we go.....

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Bad sign for bulls, could not even retest bottom of zone

:(
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This should be the last test of this support. either it Bounces like a Beast or Sinks like a Stone

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Rut Roh, this recent support zone is now at risk of turning into Resistance

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My ''Ideal Entry'' zone looking better and better

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Just spotted a new possible support zone before my Idea Entry zone

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Here we are, limit buys picked up

EuroMotif

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Publications connexes

ETHUSD study of Elliot Waves and Fibonacci: Etherium waves

par EuroMotif

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