ETH neutral long term view
I believe that we are either in wave 4 of the elliot wave cycle and within a long term channel. We may revisit the bottom of the channel at fib level 0.5 ($206.18) and then begin onward to wave 5..
Or, if we break out of the bottom of the channel, then we may revisit the 0.786 fib level at $88.33
Will watch and see how it plays out. Currently seeing bearish divergence in daily.
Or, if we break out of the bottom of the channel, then we may revisit the 0.786 fib level at $88.33
Will watch and see how it plays out. Currently seeing bearish divergence in daily.
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