ETH needs to retest 700

ETH has fared very well compared to its two brothers.
But it needs to retrace bit to that bulls can jump back on board.
$700 retest with a confident bounce should put us back on the uptrend train.

This is critical zone for ETH.
Holding the wave-4 parameters (bouncing from above wave 1) would give bulls confidence.
If it falls much below 700, then bears will be eyeing 600 as the extended wave C which currently seems to far away with too much support in between.

評論:

Just hit a few limit buys in that zone.
Nothing big, as I am prepared to buy all way down to 500.
But 700 might hold for a bit of a bounce

評論:

Still might bounce here, looks like back to original plan $600

評論:

I think ETH still has a shot at this.
But EU and UK will probably sell it first, to find support.

評論:

700 has to hold this time.
Otherwise, the deeper C wave looks possible.

評論:

Mission Accomplished.
Next resistance zone on chart.
They will be tough, probably will need reload first.