$ETH
Added 2024-09-30 12:37:49 +0000 UTC$ETH is still in this impulse wave but we need to watch how $BTC behaves right now as the price has just lost the 200 Day MA, it is vital that $BTC bulls reclaim the 200 Day MA or it could go wrong for them and the corrective structure takes place.
$ETH is not in this situation because its ABC pull back was formal and structured and came all the way down to the 0.618 Fib as standard and now has been moving in an impulse manner.
I would like to see the 0.5 Fib or the 50 Day MA held here if the pull back continues however.
Comments
I can't argue with that but let's see, charts are showing two different set ups right now.
Gareth Neary
2024-09-30 13:01:23 +0000 UTCImho, I think that If BTC clearly looses its 200 dma, ETH would have a lot of problem holding its 50 dma. I think BTC just did what he has to do, a nice retest of the 200 dma.
Luc
2024-09-30 12:50:53 +0000 UTC
