Page 1 failed to load.
The Long Investor - $ETH
More from The Long Investor
The Long Investor - $ETH - TOP 10 -
About This Title
$ETH has dropped into the Buy Zone at $2,235 and it is sitting right on the 200 Day MA and the 0.5 Fib at $2,158.80, which is a real confluence level for me.
The count is that Wave 5 topped at the 2.272 Fib at $2,843, and now we are in Wave C of the ABC, with the 0.618 Fib at $2,000 and at the blue line
The news is loud, with the biggest exchange hack on record sending crypto lower today, record ETF outflows in October, and a hawkish Fed, and that is exactly how Wave C washouts feel..
All we are looking for is a hold on the 0.5 Fib or the 0.618 Fib at $2000 and this has been a standard count and I expect $ETH to move higher or can consolidate sideways which is also fine while the mess of the hack is sorted.
Below the blue line at $2000 the Bear Case opens up
$ETH has dropped into the Buy Zone at $2,235 and it is sitting right on the 200 Day MA and the 0.5 Fib at $2,158.80, which is a real confluence level for me.
The count is that Wave 5 topped at the 2.272 Fib at $2,843, and now we are in Wave C of the ABC, with the 0.618 Fib at $2,000 and at the blue line
The news is loud, with the biggest exchange hack on record sending crypto lower today, record ETF outflows in October, and a hawkish Fed, and that is exactly how Wave C washouts feel..
All we are looking for is a hold on the 0.5 Fib or the 0.618 Fib at $2000 and this has been a standard count and I expect $ETH to move higher or can consolidate sideways which is also fine while the mess of the hack is sorted.
Below the blue line at $2000 the Bear Case opens up
Comments (0)