ETH possible capitulation targetsThe previous 2 broadening wedges extended 1.618%
From C-O fib extension
Hence I'm calling this the "CO wedge phenomenon."
What's next?
Extension targets for the current wedge are:
1859
1996
2098
Personally, I'm leaning towards counter-trading this sell-off, at 1996 and 1859.
That's where my bids will be placed.
