ETHUSD retrace done or almost? Ethereum Support zones in sight
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This an update to be continuous study of Ethereum since its bottom (in theory).
The above chart was created using this process:
First we have Blue ''Pulse'' fib setting the root increments of price movement
On larger scale, we have this Green ''Wave'' Fib defining the larger structures
Next, measuring the move down, we have Red ''Relaxation'' Fib with it own hearbeat
Combining those three Fib sequences, I can map likely support zones
Also see my ongoing analysis and calls in Related Ideas BELOW
The above chart was created using this process:
First we have Blue ''Pulse'' fib setting the root increments of price movement
On larger scale, we have this Green ''Wave'' Fib defining the larger structures
Next, measuring the move down, we have Red ''Relaxation'' Fib with it own hearbeat
Combining those three Fib sequences, I can map likely support zones
Also see my ongoing analysis and calls in Related Ideas BELOW
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Here we are again Zoomed in, we see EXACT relevance of the blue fib.
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ETH pretty tightly bound to this microFib series Nota
You cant make this stuff up, but you can measure it Nota
Fibs dont lie. The 7.618 is a comment end of wave, then the 9.618. But breaking above bands just above is a good sign Fibs dont lie
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ETH coming up on likely resistance at 149.75 gdax Nota
ETH break out? Nota
ETH bulls are definitely eager as per live chart above Zoomed in, it is obvious that we are at an important zone
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Rut Roh .
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Ping ... ,
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Close up of that Ping .
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Well, the eager bulls bought ETH exactly where I expected Closer inspection shows that we had 12345 impulse, and maybe completed the ABC correction
If so, this needs too move up rapidly here.
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Bulls trying to put some distance between support and price .
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if this is going to play out, 150.16 has to bounce strong and punch through the red zone with vigor Nota
yup, 150 round to be tested, and better bounce like a super ball Nota
here we are, but just sitting there, not good Nota
Sweet Nota
fibs dont lie. This is why it bounced a little above 150 round on gdax Nota
ETH bulls MUST defend 149.61 gdax Nota
ETh: decent bounce off Critical zone Nota
Spectacular dip in typical Crypto style. The current Fib I am watching .
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