$ETH and $BTC are having a difficult start to the day while the PM for stocks is a sea of green and commodities are also performing well.
There is talk now that the $ETH ETF could be approved by Mid-July, so a retest of the 0.618 Fib at $3256 and the wedge trend line holds, then we could take advantage of this pull back before a strong move higher to complete Wave 5 at $4872.
We can see that the 200 Day MA is at the 0.78 Fib at $3063, so this level can not be ruled out either.
We just need to see a hold at support to consider buying, as our last buy here in this cycle.
AL
2024-07-04 13:57:28 +0000 UTC