IamCryptoWolf

Reversal needs a higher low

BITFINEX:ETHUSD   Ethereum / Dollar
I'm expecting a last upward leg to 4hr MA100 will act as a resistance.

Retracement to .618 fib level before breaking the upper wedge
Kommentar: As expected price has reached upper wedge resistance.

I'm expecting a .618 fib retracement from here.

Also look for support at daily MA100

these 2 will act as strong support giving us the higher low we are looking at for a reversal

snapshot
Kommentar: Here starts the retracement. Will the bulls manage to avoid a new low?
so far the recovery from this last big dump is an exact replica of the recovery from the first one. fractal?
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