ETHUSD may pullback but is now BTFD mode: Ether 30% jump soon ?

You are here because you have seen Ether spring to life.
But you also know that it will probably pull back soon.
So now we are entering BTFD (Buy The F'in Dip) mode.

Plotted are 3 time frames to capture the various wave structures.

Left chart is the key fib series that it has followed since $840 peak.
Right upper is the last wave down which indicated a bottom (click).
Right lower shows the local wave that is probably about to end soon.

$199.31 - 205.66 would the ideal entry if given the chance. (helped by the $200 round number)
$215.08 - 216.39 break and retest second chance entry if given.
$193.73 - 197.50 is key support that MUST hold to remain Bullish.

Chart Notes:
Blow up any of the 3 panes with the square icon in lower center when you hover there.
Drag UP on any PRICE scale to reduce overlapping numbers and read them more clearly.

코멘트:

Moving along roughly as planned. From the Upper Right plot

Actually a bit more bullish than thought because: the Pullback from the Red 5.236 did not drop to either of the fibs below, as in that support was not needed to get a bounce.

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코멘트:

From the Hourly view (right lower chart)

I was Wrong about a "wave ending" at the 4.618. Plus the shallow pullback and bounce was a good sign. Of note, the 5.618 is a common endpoint as well, but the reaction to it thus far does not imply end of wave yet.

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코멘트:

Front the Daily view (left side)

Again roughly as expected, and perhaps a little more bullish. Again no need for a kiss and jump off the fib below. and maybe 3 daily candles closing above the 5.236.

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