willdathrill

willdathrill

Give me some comments.

willdathrill

Yesterday we broke the 0.382 resistance. I believe that will play as a support until the 3rd wave up. Other positive signs are that we are hanging out on top of the 55 day moving average on the 4hr and 1hr. If we do a clean break of the 0.382 FIB I will look to enter a short entry. No financial advice. Please like my post.

willdathrill

With ETH still above the 8 month downtrend I'm looking for a possible Wave 3. The MACD on the 1 day is still bullish and we just crossed bullish on the 4hr MACD.

willdathrill

I labeled the.382 fib retrace in pink. The 0.618 is in yellow. If ETH breaks below the current .618 at 201 we will be bearish I believe. If we break the .382 at 221 we can start to look for the next leg up.

willdathrill

It looks like ETH hit right above the 0.618 Fibonacci. I believe that that was the bottom for now, if not we will see a break to $200, if it breaks $200 I will leave it alone. We will now look for the 5th leg up throughout the next week.

willdathrill

Looks like we have a nice elliot wave forming here. My chart shows we've broken a substantial downtrend. I believe we should be bullish on ETH for a while.

willdathrill

As you can see we have crossed the 8 month downtrend. I think we see a further dip to the 224-228 region then bounce to around 330. 330 will complete the 5th wave and then we will see it do a 3 part corrective retrace. After the retrace we should see the next elliot wave to the upside.