$ETH
Added 2024-11-11 15:52:19 +0000 UTC$ETH has moved as expect and aggressively, which is a common sight when there is a long consolidation period....$SOFI, $BTC, $PYPL etc have shown us this lately too.
The hardest part is always sticking with your strategy during the consolidation period and adding.
$ETH is on the cusp of testing its 1.618 Fib at $3320 and as always we are on watch then for a test of resistance and a rejection for Wave 4 next.
The 200 Day MA is going to cut through the 0.23 - 0.38 Fib levels, so this will be an area of interest and will likely be around $3000, making this a confluence level
So a standard pull back and hold at this level and you have your buy entry to catch Wave 5 to $4000
But I am not selling at the 1.618 Fib, I am holding throughout any pull back....it could happen very fast and I don't want to play these waves.
