Been watching ETHUSD just before the drop to $100. That drop marked the Spring in Phase C of the Wychoff distribution for me. The pump back to $108 - $110 confirmed the pattern by forming the LPS in Phase D of the Wychoff distribution. I will look for longs after a small retrace preferably to around lower $105. Would like to see:
- Small retrace to the 50 MA around our entry (Orange) - Retest $110 and find support on the 128 MA (Red) - Target $115 for the 200 MA (Purple)