We could be seeing a final move down for Ethereum before we start buying, along with other coins.
We can see that we made an impulse down and we fibbed that impulse to get the best reversal zone, which falls in line with the structure level. Looking for rejection of the fib to move down to the 1700 area.
Trade Idea:
- Watch for price to reject the structure and fib level
- Enter with stops above that level
- Take profits off around the 1700 level
Do you agree? Let us know below. Goodluck!
We can see that we made an impulse down and we fibbed that impulse to get the best reversal zone, which falls in line with the structure level. Looking for rejection of the fib to move down to the 1700 area.
Trade Idea:
- Watch for price to reject the structure and fib level
- Enter with stops above that level
- Take profits off around the 1700 level
Do you agree? Let us know below. Goodluck!
