ETHUSD can be seen to be within a channel and moving in corrections and impulse. Every time the price came near channel support or resistance, it reacted aggressively. We are now seeing price approach channel support again where we have multiple confluences:
1. Channel Support
2. 61.8% fibonacci
3. Previous level where price reacted
Will wait for break of correction on a smaller timeframe. See chart update for more information.
1. Channel Support
2. 61.8% fibonacci
3. Previous level where price reacted
Will wait for break of correction on a smaller timeframe. See chart update for more information.
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