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Orame30
Feb 27, 2018 1:51 AM

ETH Big Picture Long

Ethereum / DollarBitfinex

Description

ETH hovering around the 50% retracement from $285 to ATH. Consolidation/winding up for a move higher.

Need to break the recent down trend line for breakout.

Lets ride!
Comments
BethanyJoy
Can you tell me why you placed your 0 line where you did?
Orame30
@BethanyJoy, I am not sure what a 0 line is, happy to elaborate if you explain what you are looking for.
BethanyJoy
@theoracle19, I'm sorry I actually meant your 1 level, the low that you drew your fibs from. I'm still learning.
Orame30
@BethanyJoy, Im not an expert but that is where i deemed the most recent "run" to have started. The run from the $290 consolidation area to the $1400+ all time high.
BethanyJoy
@theoracle19, gotcha. Thanks. That's what I assumed, just wanted to make sure there wasn't some more precision I was missing :)
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