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LukeSkywalker

ETH is nearing its bottom. Will we get a breakout soon?

Long
Ethereum (BITFINEX:ETHUSD)  
LukeSkywalker  
BITFINEX:ETHUSD   Ethereum
Harmonic Patterns Chart Patterns Trend Analysis Ethereum (Cryptocurrency) ETH ETHUSD Cryptocurrency 5thwave abcpattern
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harmonicpatterns chartpattern trendanalysis ethereum eth ethusd cryptocurrency 5thwave abcpattern
ETH is a very crucial point.

That is the area between 110-108 USD.

Why may you ask? By drawing an ABC we have 1. fibonacci which ends at 108 USD.

Within the C wave we have 5 other waves. The 5th wave ends typically at .2 Fib or 2.272 fib. .2 fib in this case is 110 USD.

So if we dont get a bounce between 110-108 area. ETH will go along and test 2.272 fib (93 USD) as the last straw of this bear trend.
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