$ETH
Added 2024-06-11 10:08:20 +0000 UTCThis is going to plan here.
We saw the drop below the 0.236 Fib on Friday, followed by a bounce back up to the 0.236 Fib from below, this was met by a clean rejection at the $3714 line and the price dropped further on this confirmation.
This is what we wanted to see yesterday, so I am happy with how this is moving, the above chart is the 1hr chart so we could see the rejection clearly.
On the Daily chart, the 50 Day MA is still waiting at the 0.5 Fib at $3422, so this is where I will be watching for a test and hold.
A hold here and I will add, if there is no hold, then we wait until the 0.618 Fib at $3292.
