Ive shorted ETH at 50% fib and tp at the first support now this could go both ways, (Tho I said on my previous idea that it was going to 618 fib instantly Ive change my mind when the candle is showing a struggle to push through the resistance and oscillators changing its flow) the scenario Im looking for or hoping for is it hitting the 618 fib and would be a really really amazing short position. But the second scenario is highly possible, currently were seeing eth struggling to break the first support but oscillators even though they’re calming down, it is still heading towards down movement. In my opinion I wouldnt put long on this area until I see a sign that oscillators are finally showing a upwards movement and candle showing a reversal pattern, tell me your opinions below. (Not to mention that putting long here poses a great risk since eth is currently in a bear market.)

Hope you have a nice day and stay say safe! 🙂