ETHUSD retrace done or almost? Ethereum Support zones in sight

已更新
This an update to be continuous study of Ethereum since its bottom (in theory).

The above chart was created using this process:
First we have Blue ''Pulse'' fib setting the root increments of price movement 快照

On larger scale, we have this Green ''Wave'' Fib defining the larger structures 快照

Next, measuring the move down, we have Red ''Relaxation'' Fib with it own hearbeat 快照

Combining those three Fib sequences, I can map likely support zones 快照

Also see my ongoing analysis and calls in Related Ideas BELOW
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Here we are again 快照

Zoomed in, we see EXACT relevance of the blue fib. 快照 MAY WELL BREAK, but it proves RELEVANCE. And if that line is relevant, the rest of that fib series should be relevant as well.


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ETH pretty tightly bound to this microFib series 快照
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You cant make this stuff up, but you can measure it 快照
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Fibs dont lie. The 7.618 is a comment end of wave, then the 9.618. But breaking above bands just above is a good sign
Fibs dont lie 快照
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ETH coming up on likely resistance at 149.75 gdax 快照
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ETH break out? 快照
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ETH bulls are definitely eager as per live chart above 快照

Zoomed in, it is obvious that we are at an important zone 快照
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Rut Roh 快照 resistance as expected
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Ping ... 快照 not a good sign for bulls. They need to break above quickly or risk falling to next zone below.

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Close up of that Ping 快照 EXACT reflection off a fib line confirms its relevance. and in this case it implies a micro retrace

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Well, the eager bulls bought ETH exactly where I expected 快照

Closer inspection shows that we had 12345 impulse, and maybe completed the ABC correction 快照

If so, this needs too move up rapidly here.

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Bulls trying to put some distance between support and price 快照 maybe the ABC correction on this tf is done after all
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if this is going to play out, 150.16 has to bounce strong and punch through the red zone with vigor 快照
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yup, 150 round to be tested, and better bounce like a super ball 快照
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here we are, but just sitting there, not good 快照
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Sweet 快照
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fibs dont lie. This is why it bounced a little above 150 round on gdax 快照 (not saying it will hold, but a reflection was expectable)
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ETH bulls MUST defend 149.61 gdax 快照
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ETh: decent bounce off Critical zone 快照
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Spectacular dip in typical Crypto style. The current Fib I am watching
快照 and will see how it meshes with the rest of family.

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Elliott WaveFibonacciSupport and Resistance

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