Ether is coming up on a semi-major ratio of its Genesis Fib. Price action around this fib will be key to what happens next. It may "orbit" this fib a few times and then "flung" either way.
Recent pa on the 8h (upper right) chart shows each fib's relevance. So we expect a reaction at 4737.93 without ever having been here. That is how the "Golden Ratio" lights the way into uncharted space. .
I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6: Chapter 7:
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Comment
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PERFECT Retest
The gravity of this fib can not be denied
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About as perfect of a PING as one could ask for And that is how fib become MORE accurate with time. Everybody in the world is NOW aware of that level, obviously. And that reaction makes it unlikely to be revisited soon.
Zoom IN (8 min) and add a fib of the last wave down Very nice Pings on the red fib. 4.236-4.618 is a common wave ending zone. So no surprise we are back at the Genesis fib again.
Still no definitive signal as to next direction. But given the rhythmic wave downward, it seems easier to go down than up right now.