ETH has had a marvellous run - and as GOLDBUG1 mentioned in his post it has the same characteristics as BTC before the extension or the last wave before the correction. Future: My analysis tells me that we will see a move long in the next few weeks.
Past: Price has stalled/consolidated at the 127% extension of the last corrective wave after the leg up.
Present: Resistance has been retested (see yesterday's doji). (Most crypto's restest areas several times before extending). Once price moves sideways retesting the last level of resistance now support (role-reversal), we should see a move up.
Future: My first level is conservative. My final fib extension profit targets where there is a cluster of fibs levels 200%, 423% from the last swing & a 227% from the minor move may and more than likely be achieved. All there is to do is scale once you have banked some money.
The Key: Confluence, price action and overlapping areas of support and resistance.
Past: Price has stalled/consolidated at the 127% extension of the last corrective wave after the leg up.
Present: Resistance has been retested (see yesterday's doji). (Most crypto's restest areas several times before extending). Once price moves sideways retesting the last level of resistance now support (role-reversal), we should see a move up.
Future: My first level is conservative. My final fib extension profit targets where there is a cluster of fibs levels 200%, 423% from the last swing & a 227% from the minor move may and more than likely be achieved. All there is to do is scale once you have banked some money.
The Key: Confluence, price action and overlapping areas of support and resistance.