Regarding previous posts, my bullish bias remains after the current selling/ retracement has ended. My plan is based on the rally being distibution into supply so previously acumulated shorts should push price lower. Looking for the stops resting below current market in the red zones. Overall bias based off S/D.
Wave correction on ETH so expect some buying in the coming days. Stop hunt on the D1 came in violent and price moved away accordingly. Overall structure is bearish but medium term bullishness is building and a along at market is ideal to see expansion the the other side of the range.
-Fibonacci targets as s/r
- structure breaking to upside
- stop runs...