This is part of my ongoing analysis of Ethereum moves. I have identified two concentrated zones of resistance. These are areas for bulls to attack and bears to defend.
"Impulse" is a strong directional move for a limited duration. "Ripples" of each Impulse can be mapped by Fib Extensions. Impulse "Redux" is when the wave returns to the Impulse.
In most cases it takes several attempts to break through. The .382-.618 zone of the Impulse has maximum pressure. This is how "lower highs" are printed, rejection at Impulse.
If bulls can push through the Impulse Zone, a retest is ideal. If bears can hold the Impulse Core, more bears will appear. In either case, I will evaluate the moves and post an update.
Previous Analysis: (still a target) (getting less likely) .
See some of my other Charts and Trade calls below. I also plot Forex and some Stocks, check my profile page.
(caught the EXACT bottom)
(instant Profits, no drawdown)
(massive Profits, breakout entry)
(in progress, already long, will add)
(massive Profits, short wait)
(massive Profits, instant Win)
(PERFECT targets, massive profits)
(Top warning just in time)
(Top warning EXACTLY in time)
(Early warning for Top)
Of course, I have had total FAILS on some plots too, not going to pretend. But my plots show PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.