ETH crashed 34%! Wow… but this correction IS GOOD. See my latest YouTube video on ETH.
We re-tested the old ATH level as support! If this holds then we’re set-up for ETH to go much higher.
Questions is… did you buy? If not, there may be reasons to buy in the old ATH area as highlighted by the chart around $1,360… if we revisit it again.
1. We are at a major (old ATH + Fib level)
2. We corrected over 30%
3. We are in a market!
4. We have on lower timeframes
5. We bounced on this level confirming it as support
6. We completed a 5 Eliot wave down
I find it very unlikely for ETH to drop below $1,360.
Once we clear this pattern and correction ends, ETH is ready to go much higher. This correction is good for price long term.
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Published at Tue, 23 Feb 2021 14:55:03 +0000