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

Kommentar: Here starts the retracement. Will the bulls manage to avoid a new low?
Kommentar: Levels to look at for support:
- daily MA100
- 61.8 fib retracement
- double bottom
Kommentar: Market confirms strong resistance.

Looking for support at above levels
Kommentar: Market Bouncing from our first target: daily MA100 support
Kommentar: This could be the higher low we were looking at
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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