New_Creation_Capital

Eth back test incoming?

BITSTAMP:ETHUSD   Ethereum
Seeing correction waves incoming across the board. Eth looks like it could be headed back to 2.8k with a healthy wick before closing in that area. What I am looking for is the down move to the 1.414 today or tonight and then pump back up to the 0.414 Sunday night, with the finishing wave coming in Monday down to that 2.414 area of 2.8k. Then I think ETH is off and running to rest ATH, while BTC breaks through 45K heading towards 48k.

I am horrible with time, so I don't focus on time as much as I focus on EW and how the markets tend to move. So Lets see what type of new narrative we get Sunday night, Monday morning.

What are your thoughts?

- NCCM

*(0.414 & 2.414 are fib levels)
Comment:
Could this be our narrative in coming?

www.bbc.com/news/wor...-asia-china-60893070

China has announced its biggest city-wide lockdown since the Covid outbreak began more than two years ago.

The city of Shanghai will be locked down in two stages over nine days while authorities carry out Covid-19 testing.

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