$ETH keeps pushing higher so we need to reassess.
I had originally used the Waves 1 and 2 in the White Circle to find the 1.618 Fib level at $2933.
But I believe the price has action has followed the 1.618 FIB level taking from the Wave 1 and Wave 2 that I have shown here with the green impulse wave.
This is my explanation for $ETH moving higher and it does correlate to my thinking.....also the the large Wave 5 then would bring this back up to the ATH line at $4872.
I believe a pull back will need to come shortly but there is no rush to sell unless we see a clear rejection.....likely when $BTC rejects too.
Raul
2024-02-27 15:49:09 +0000 UTCDillon Lay
2024-02-27 15:30:11 +0000 UTCKyle
2024-02-27 15:19:28 +0000 UTC