FIB retracements have been working almost perfectly with ETH/USD and in crypto in general. I've highlighted some fib retracement levels we've already touched. After BTC solves issue August 1st, market confidence should restore and we should have some more entry points for those of you who are HO4DL (Hold on for dear lifers). If you can get in around 120-150 I think these levels present a good opportunity to go long. Please wait for confirmation, and keep an eye on the dates. In the event that we approach 150 within the coming days we will move our buy zone between 80-120. Good luck!
Trade aktif:
Hit our buy zone and hopefully you guys got into long positions. Next target is last swing highs of 228 to 240 which is the .618 retracement from top to bottom of this correction. After taking profits here you can play the dip and buy back in if day trading.