I have no idea where ETH USD is going in the Long Term. Personally, I enjoy a micro level, but this is an interesting pattern. Everyone is calling for $100 Retest, and an $80 retest - maybe the market will get it. Maybe it wont.
Possible that the sooner it retests $80, the sooner it can challenge on to $220
Good Luck Traders!
Possible that the sooner it retests $80, the sooner it can challenge on to $220
Good Luck Traders!
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I think I'm wrong on the pattern. If this is a Bearish Gartley, we have to move up before we can move down.
Comment:
The numbers qualify for a Bearish Gartley. Which would mean, a move up, before a move down. I'm sidelined waiting for the move. If it breaks down, it does. If it breaks up, there is a good target zone.
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We may as well be consistent with the pattern on recent price action as well - which may suggest a view from 95.