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dontdaytrade

ETH prediction based on well-respected long term fib levels

Short
Ethereum / TetherUS (BINANCE:ETHUSDT)  
dontdaytrade Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
Chart Patterns Trend Analysis Technical Indicators Ethereum (Cryptocurrency) ETH mean reversion
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chartpattern trendanalysis indicator ethereum eth mean reversion
I thought this recent move might be it, but it's not climactic enough. So continue being short but expect a retrace.
Based on long term fib level which is holding well, it'll either go down to around 320 from here, or retrace and then go back down to 320-ish. Hoping for the retrace from here, to offload at 390 to 415.
Reversion to the mean.
Comment:
Getting pretty close. No sign of recovery just yet so should dip to $290
Comment:
Failed to get back above fib level, also relatively low volume on that candle. Could've been a morning star pattern but didn't play out. $290 likely, hopefully not lower.

snapshot
Comment:
Daily above fib level. Potential for a bit of bounce from here up to the next consolidation area
snapshot
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