ETH has fared very well compared to its two brothers. But it needs to retrace bit to that bulls can jump back on board. $700 retest with a confident bounce should put us back on the uptrend train.
This is critical zone for ETH. Holding the wave-4 parameters (bouncing from above wave 1) would give bulls confidence. If it falls much below 700, then bears will be eyeing 600 as the extended wave C which currently seems to far away with too much support in between.
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Just hit a few limit buys in that zone. Nothing big, as I am prepared to buy all way down to 500. But 700 might hold for a bit of a bounce
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Still might bounce here, looks like back to original plan $600
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I think ETH still has a shot at this. But EU and UK will probably sell it first, to find support.
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700 has to hold this time. Otherwise, the deeper C wave looks possible.
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Mission Accomplished. Next resistance zone on chart. They will be tough, probably will need reload first.