ETH has been relatively weak today. It was also mentioned that the ETH daily chart has completed 5 waves and is showing a terminal wedge pattern, which is a signal of momentum exhaustion, indicating that a correction is approaching, so do not chase the price. The next step is to follow two operational ranges:
The first support zone is between 4200-4350, which is the 0.31 Fibonacci retracement level on the 4-hour chart + demand zone area. I will lightly enter a long position when it reaches this level.
The second support range is between 3550-3850, which is the daily chart Fibonacci retracement
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