ETH was looking like it had a good start today. My opinion as of now with the current scenario is that it will drop below both the 10 and 20 day EMA's towards the 0 fib level. I will watch it closely and if it drops below the EMA's significantly, I will most likely set a buy order slightly above the 0 fib level depending on indicators such as MACD and STOCH/RSI. RSI is currently showing overbought on the 1 hour chart which is leading me to believe that if it drops below the current fib level that it is hugging, it will drop significantly which may offer a good buy opportunity.
Comment:
Currently testing the EMA's, looking like a drop to the 0 fib line is more likely than using the EMA's as support.