Quick short term outook with support zones worth watching.
This is a follow up to my expected top (which was surpassed by a blow off top and thus the large retrace)
Catatan
ETH might be starting an impulse off my first support zone
Catatan
Just hit first resistance and was definitely noticed
Catatan
Go ETH. It may have confirmed previous resistance as new support. Check out the EXACT bounces on the red zone, the boundaries of which were clalculated from Fib Ratios
Catatan
Another EXACT bounce but is a bit concerning for bull view. Ideally it should not have come back to it at all. Each time it is hit, it will become weaker. Next approach will probably go right through. So bulls need to pull away from it as quickly as possible. . .
Catatan
Here it comes again, lets see if it holds a third time
Catatan
Rut Roh let see if it can come back into the red zone quickly. If not, it will fall quite a bit more .
Catatan
Oh boy, an exact bounce on same line only in OTHER direction. I would not be surprised to see price come back up and test the LOWER boundary and if it rejects from it, down we go.....
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Catatan
Bad sign for bulls, could not even retest bottom of zone :( .
Catatan
This should be the last test of this support. either it Bounces like a Beast or Sinks like a Stone
Catatan
Rut Roh, this recent support zone is now at risk of turning into Resistance
Catatan
My ''Ideal Entry'' zone looking better and better
Catatan
Just spotted a new possible support zone before my Idea Entry zone
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