Potential for ETH to Drop to the 0.5 FIB in the Near Term

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
The use of the Fibonacci (FIB) retracement tool and Phoenix Ascending indicators to predict the ETH price in the near term (1D, 2D, 3D, 4D). Please note that the Phoenix Ascending indicators are freely available. Please see publications by @WykoffMode to learn how to use and interpret these indicators. As illustrated and described in the chart, the white energy may turn up and cross level 50 by April 22. The green exponential moving average ( EMA ) may turn up, cross 50 by April 22, and be crossed by the red relative strength index ( RSI ) by April 20 or 21. The blue least squared moving average ( LSMA ) may dip in proximity to level 65. The ETH price might decrease to the 0.5 FIB level ($2,035.82) by April 20 and increase afterward. The swing low in the ETH price on April 18 was a 23.95% decrease from the all time high, which was set on April 16. A decrease in the ETH price to the 0.5 FIB would be a 19.79% decrease relative to the all time high. This is not financial advice. I am not your financial advisor. This is my opinion.


Wick was pretty close to .5 fib. Looks like it got bought up quick near that price area in the short term
+1 Reply
djr0726 TStolpe29
@TStolpe29, Yep. Exactly. It wicked down near it and bounced all the way up to the 0.236.
TStolpe29 djr0726
@djr0726, 2700 ooowweee
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