BUT, I do not think it was ready to break up yet.
Bitcoin spiked on Weiss news and dragged ETH along.
ETH did not rise as much as Bitcoin , and stopped sooner.
Also, the Fib extensions of the spike in Ether were not as powerful.
As a result, we have created some new resistance zones above us.
Thus I think it will come back to test the break out point.
I can image a stop hunt below the 152.74 price point.
Stop hunt may go under 150.00 where many stops will be.
So the first green zone is worth watching, but risky entry.
My ETH journey started a Fib observation from the bottom
Once that played out, I was looking for the retrace zones to enter long again
Above zones played out and as bounce progressed I saw 152 and 156 as possible targets
Then I saw the top coming, sold, and was looking for re-entry zones:
Got some long scalps in per above plan, then I saw another leg down to come
So next was plan to look for retrace zones to buy back in:
Then I saw a distinct resistance that should have been harder to break:
The above ''Line in the Sand'' broke, but I dont think it should have. So am now expecting a retest
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
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Indeed, XRP has been looking good.
I am watching this Fib series for Xrp right now
I am exiting ether for now
I got out before the dump
Same here, got out when I concluded it was headed further down.
Watching 150 round rn