ETH possible capitulation targets

Ethereum / U.S. dollar BITSTAMP:ETHUSD

CoinObservatory

The previous 2 broadening wedges extended 1.618%
From C-O fib extension

Hence I’m calling this the “CO wedge phenomenon.”
What’s next?
Extension targets for the current wedge are:

1859
1996
2098

Personally, I’m leaning towards counter-trading this sell-off, at 1996 and 1859.
That’s where my bids will be placed.

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