Hey,
Just wanted to post an update. The 50SMA daily on ETH will form huge resistance, I don't expect us to continue going higher above that before retesting the long term bullish support below again. This will be the ultimate buying opportunity for a long trade. That low will be higher than the prior low of course.
You can see how the black line is the likely scenario of ETH wave pattern analysis.
Hope all is good with you all :)
Idan
Just wanted to post an update. The 50SMA daily on ETH will form huge resistance, I don't expect us to continue going higher above that before retesting the long term bullish support below again. This will be the ultimate buying opportunity for a long trade. That low will be higher than the prior low of course.
You can see how the black line is the likely scenario of ETH wave pattern analysis.
Hope all is good with you all :)
Idan