$ETH
Added 2024-06-03 12:18:46 +0000 UTC$ETH has been holding up quite well over the last week and has only managed to pull back to 0.236 Fib so far, which would not entice me to add to my position here, I would like a stronger pull back to consider adding to my position.
The 50 Day MA is right at the 0.618 Fib so this would be the sweet spot for me to add to get maximum return on my next buy.
So for now I will wait, I do believe that this needs to pull back more before it can go higher to complete Wave 5 but what I am happy about is that this is moving in a strong impulse manner and Wave 5 completing is expected this summer.
Comments
Don't disagree with the counts I just think if ETH goes to 4800 BTC will be at ATHs imo
TommyJR
2024-06-04 00:52:32 +0000 UTC$BTC made a higher high this year, $ETH did not come anywhere close to it at its time, they are not the same wave count
Gareth Neary
2024-06-03 23:50:14 +0000 UTCCap if this goes W5 to 4800 very hard to see how BTC wont also go higher - they have traded almost in lockstep for 2.5 years - we will see though
TommyJR
2024-06-03 23:11:31 +0000 UTC
