Today I am posting down macro target zone and Ethereum should rather hold above the yellow-dotted neckline of actual Head and shoulders pattern.
I highlight important FIBO's below and above. There is a lot of downside risk with important averages above. BTC & LTC will decide everything in this derby situaction stance. So I will wait .
I heard about volume manipulation so I don't put too much effort in.
In other side, crypto space got some economy bullish fundaments . For bulls ETH needs to break above downtrend channel and even hold above red zone.
Let's check , what the near future brings : )
*This is not a financial advice.
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You could see red 618 FIBO and Pivot around 244 dollars. Then will be bullish.
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Nothing changes , still continue in downtrend .
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Everything was expected..
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I added yellow MA350 average aka " Golden ratio " and now playing as neckline of this huge H&S pattent. Target looks around 103-108usd IF breaks below.
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Upcomming days in death cross threat/ green and red ema crossing /. Needs some upward acceleration . If not, 117 usd zone very probable. Use could use MA350 as the neckline of pattern.
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Here I rather expect some up move attempt as it's common.
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ETH reached buy zone. Did you believe me in July ? ; - )