After the recent retracement, Ethereum market opened a good opportunity for long. I also decided to work a bit with the 4 hour chart.
When the ATH happened, we enter in a downtrend that formed a triple bottom (please ignore the harmonics in the chart) which, in turn, ended up in an uptrend which I am seeing as the first wave. Coincidentally, there's a support line at the half of wave 1, which is @ .11 and I see a bounce in that point (if it doesn't happen earlier), making it a good time to restock. IF that support doesn't hold, we will go further down and obviously enjoy better prices.
Of course this is just my point of view, any comments, suggestions and corrections are welcome.
Thanks for taking the time to read and watch my chart.
When the ATH happened, we enter in a downtrend that formed a triple bottom (please ignore the harmonics in the chart) which, in turn, ended up in an uptrend which I am seeing as the first wave. Coincidentally, there's a support line at the half of wave 1, which is @ .11 and I see a bounce in that point (if it doesn't happen earlier), making it a good time to restock. IF that support doesn't hold, we will go further down and obviously enjoy better prices.
Of course this is just my point of view, any comments, suggestions and corrections are welcome.
Thanks for taking the time to read and watch my chart.