This has been stunning now from $ETH, while many crypto are extending $ETH has been moving perfectly.
I have been all over this bounce out of the triangle and the target for Wave 3 was always at $3320, we have a clear rejection at this level and I believe we are in Wave 4 now.
Price has already tested the 0.236 Fib at $3145 but we want to see it come down further to the standard 0.38 Fib
Crucially the 200 Day MA is exactly aligned at the 0.38 Fib....making this a confluence level, we always like to see this.
So a retest and hold here and you have another buy signal to catch Wave 5 next.
Gareth Neary
2024-11-13 10:52:33 +0000 UTCkhaled rasmy
2024-11-13 10:51:36 +0000 UTC