The Long Investor

$ETH

Added 2024-07-29 10:59:40 +0000 UTC

$ETH and $BTC are both at important junctions right now, $BTC is testing support at $69K which has been an issue for it since the start of this year, so it must flip this level to support in order to move higher, it may need another smaller pull back before this happens

Likewise, $ETH has now bounced on its 200 Day MA and 0.618 Fib and is back above its 50 Day MA too, we need to see a higher high next above $3553 to confirm that this pull back is now complete.....that being said, I really like $ETH as an entry here, as long as you have the same strategy as I and have no intention of selling until new ATH's are made.

I have added in the green fib extensions and we can see that they align perfectly with Wave 5 completing at the previous ATH line and in between the 2.27 - 2.618 Fib, which is as standard as you'll get for a Wave 5 completing.