Ethereum is currently in the 2nd wave where we are having an ABC correction. We are approaching 0.5 and 0.618 fib levels where we are looking for a bounce.
Trade Idea:
- Watch the buy zone for bullish price action
- Once bullish price action appears, enter with stops below the recent lows
- Short term targets: 3250, 3600, 3900
Goodluck!
DOT broke the trendline recently but failed to break our last swing point. Price bounced off that structure level and pushed higher.
We are currently at a major level $30 where we may see some resistance. However, if we break that zone, we can get in on the retest.
