Because 0.5 Fib would be the perfect point to exit shorts on ETH. I have doubt about ETH/BTC chart. I think we can go even lower to 20wma or 200dma.
On ETH/BTC chart potential bear flag is about to be formed. Momentum indicators are constantly sending us bearish signals. BearFlag can fail to form flat bottom but we need the price to break through the heavy resistance that 3 times rejected the price.
If flag confirms, my next target is 0.07 sat based on fib. res levels and support.
評論
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Probably will see ALT spring soon. Keep an eye on it.