Here we see Ethereum fighting to gain traction after the recent correction. Looking at the Daily fib retrace levels provided by VectorFI we can see that our bounce occurred at the same spot in the prior cycle. Given this potential and the placement of the current golden pocket, we can see lower resistance levels and price action path down to our lower fibonacci levels. I break of 109 with a health Higher Timeframe candle with placing the trend above 112 will signal invalidation of this trend.
- Dr . FiBoPhi