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The Long Investor - $ETH - TOP 10 -
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About This Title
This is honestly beautiful price action and what we really wanted to see.
We saw five perfect waves up, and now we are seeing an ABC pullback to a confluence level between the 200 Day MA and the 0.5 Fib at $2,158.
If support continues to hold here that would be the next Buy Zone, and we'd like to see the price challenge the 50 Day MA from below at $2,500.
If the price does fail to hold support here, the downside risk is the 0.618 Fib at $2,000, which will also act as psychological support.... so this is just something to be aware of.
Either way, if you're bullish on crypto I believe $ETH is at a level to consider, but as always, scale in, in case we do get a deeper pullback.
This is honestly beautiful price action and what we really wanted to see.
We saw five perfect waves up, and now we are seeing an ABC pullback to a confluence level between the 200 Day MA and the 0.5 Fib at $2,158.
If support continues to hold here that would be the next Buy Zone, and we'd like to see the price challenge the 50 Day MA from below at $2,500.
If the price does fail to hold support here, the downside risk is the 0.618 Fib at $2,000, which will also act as psychological support.... so this is just something to be aware of.
Either way, if you're bullish on crypto I believe $ETH is at a level to consider, but as always, scale in, in case we do get a deeper pullback.
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