From the breakout point at about $620, where ETH started goin really vertical, it has now completed a measured move, if we assume the entire section underneath that was an accumulation zone.
It also matches up with the fib extension of the first Elliot Wave in this bull run, starting from the low in March.
Likely retracement targets are around $750 - 800, and best case scenario the breakout point at $620. Not likely, but it might be wise to leave some cash around in case it gets that low.
Have fun!
It also matches up with the fib extension of the first Elliot Wave in this bull run, starting from the low in March.
Likely retracement targets are around $750 - 800, and best case scenario the breakout point at $620. Not likely, but it might be wise to leave some cash around in case it gets that low.
Have fun!