santiago.mesa.caceres

Etherium Dive 4hr

Short
COINBASE:ETHUSD   Ethereum
As a continuation of my prior prediction I expect Etherium to find some support at the critical 750 or level or even a bit before (green channel) at which point I expect a rebound to the 78.6% retrace before dropping again (fib retracement copied from move prior to second red window), however if the bears prove more convincing than I expect and the 750 mark is broken at the first test this could drop like a rock to to the 530 range at which point the bulls WILL take over. I see this move as a repeat of the trend between to 2 red windows indicated in my chart. I am a bit sad to see this move as I was bullish before and was hoping we could break from the overall downtrend channel but it seems that the elliot waves many were predicting is holding true. Fortunately I kept my stop loss and will be waiting for my buy window in the 550-575 range!
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