$ETH HTF- Fib retracement
ETH/USD COINBASE:ETHUSD
If we retrace to the 0.5 fib on a HTF basis, we’re talking $600-700 eth…While $BTC 3rd cycle pretty much invalidated the S2F model of parabolic adoption, this being $eth second cycle i could see $eth having signifigantly more downside risk ST/MT.
$btc.d has already broken out above its HTF resistance.
And $eth/ btc has broken down below its HTF support.
NFA . DYOR. This is for my personal benchmarking reference only.
