pipmountain
Long

POTENTIAL 38.2% FIBONACCI CORRECTION ON 15M ETHUSD CHART

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hey Traders,

Not Your Typical 3 Drives Pattern but one to watch all the same.

We've seen price thrust lower and put in consecutive shallow 38.2 retraces moves while on the way down. This looks to represent some of the same market harmony we have seen in the past.

Purchased a small position of this coin at what looks to be a short term correction. price may pull back to the 38.2 region or blow straight through if it gets up there and finds itself with enough momentum and buying pressure to do so!

This is one for the avid day trader who's looking into the cryptos and has a mind for some classic TA with Fibonacci.


Happy Trading!



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