ETH - Heading Lower 🐻
ETH very similar fractal downside to BTC since the top with 3 wave retracement topping exactly at 0.618 has just fallen out the ascending channel.
And this should now see another leg down to the 1:1 :1538 where similar to BTC long term 2018 support is waiting just below.
Also clear H&S.
ETH has become a very strange and exotic chart unique to crypto. Its very hard to judge what it will do. That said there is A LOT of empty space below. My guess is it has been in a long and perculiar topping pattern all this time that will see some impulse to the downside before the bottom is in.
Not advice.
And this should now see another leg down to the 1:1 :1538 where similar to BTC long term 2018 support is waiting just below.
Also clear H&S.
ETH has become a very strange and exotic chart unique to crypto. Its very hard to judge what it will do. That said there is A LOT of empty space below. My guess is it has been in a long and perculiar topping pattern all this time that will see some impulse to the downside before the bottom is in.
Not advice.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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