Zooming in on the daily timeframe, we can that we´ve already made a very decent pullback to the upside (see related idea).
ETH has reached the 161.8% A-B-C extension, which is showing resistance (green level).
I´m not a buyer at current levels, and expect another leg down, or at least a pullback to the 1400 region.
If bullish price action continues, I´ll reconsider.
ETH has reached the 161.8% A-B-C extension, which is showing resistance (green level).
I´m not a buyer at current levels, and expect another leg down, or at least a pullback to the 1400 region.
If bullish price action continues, I´ll reconsider.
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