EuroMotif

ETHUSD retrace done or almost? Ethereum Support zones in sight

COINBASE:ETHUSD   Ethereum / U.S. Dollar
This an update to be continuous study of Ethereum since its bottom (in theory).

The above chart was created using this process:
First we have Blue ''Pulse'' fib setting the root increments of price movement
On larger scale, we have this Green ''Wave'' Fib defining the larger structures
Next, measuring the move down, we have Red ''Relaxation'' Fib with it own hearbeat
Combining those three Fib sequences, I can map likely support zones
Also see my ongoing analysis and calls in Related Ideas BELOW
Jan 08
Comment: Here we are again
Zoomed in, we see EXACT relevance of the blue fib. MAY WELL BREAK, but it proves RELEVANCE. And if that line is relevant, the rest of that fib series should be relevant as well.


.
Jan 08
Comment: ETH pretty tightly bound to this microFib series
Jan 08
Comment: You cant make this stuff up, but you can measure it
Jan 08
Comment: Fibs dont lie. The 7.618 is a comment end of wave, then the 9.618. But breaking above bands just above is a good sign Fibs dont lie
Jan 08
Comment: ETH coming up on likely resistance at 149.75 gdax
Jan 08
Comment: ETH break out?
Jan 08
Comment: ETH bulls are definitely eager as per live chart above
Zoomed in, it is obvious that we are at an important zone
Jan 08
Comment: Rut Roh resistance as expected
.
Jan 08
Comment: Ping ... not a good sign for bulls. They need to break above quickly or risk falling to next zone below.

,
Jan 08
Comment: Close up of that Ping EXACT reflection off a fib line confirms its relevance. and in this case it implies a micro retrace

.
Jan 08
Comment: Well, the eager bulls bought ETH exactly where I expected
Closer inspection shows that we had 12345 impulse, and maybe completed the ABC correction
If so, this needs too move up rapidly here.

.
Jan 08
Comment: Bulls trying to put some distance between support and price maybe the ABC correction on this tf is done after all
.
Jan 09
Comment: if this is going to play out, 150.16 has to bounce strong and punch through the red zone with vigor
Jan 09
Comment: yup, 150 round to be tested, and better bounce like a super ball
Jan 09
Comment: here we are, but just sitting there, not good
Jan 09
Comment: Sweet
Jan 09
Comment: fibs dont lie. This is why it bounced a little above 150 round on gdax (not saying it will hold, but a reflection was expectable)
Jan 09
Comment: ETH bulls MUST defend 149.61 gdax
Jan 09
Comment: ETh: decent bounce off Critical zone
Jan 10
Comment: Spectacular dip in typical Crypto style. The current Fib I am watching
and will see how it meshes with the rest of family.

.
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Comments

Hello
Pls give us an update

Is there a handle forming for the cup!? That’s why had to drop so much !?
Also pls suppoet is about 120 right !?

Cheers
Reply
H&S pattern !??

Any 140 in the picture !?

Cheers
Reply
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