EthereumLong
ETH is nearing its bottom. Will we get a breakout soon?
ETH is a very crucial point.
That is the area between 110-108 USD.
Why may you ask? By drawing an ABC we have 1. fibonacci which ends at 108 USD.
Within the C wave we have 5 other waves. The 5th wave ends typically at .2 Fib or 2.272 fib. .2 fib in this case is 110 USD.
So if we dont get a bounce between 110-108 area. ETH will go along and test 2.272 fib (93 USD) as the last straw of this bear trend.
That is the area between 110-108 USD.
Why may you ask? By drawing an ABC we have 1. fibonacci which ends at 108 USD.
Within the C wave we have 5 other waves. The 5th wave ends typically at .2 Fib or 2.272 fib. .2 fib in this case is 110 USD.
So if we dont get a bounce between 110-108 area. ETH will go along and test 2.272 fib (93 USD) as the last straw of this bear trend.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.