Short

Lows of $550-$500 ETH Possible

Updated

If this plays out as a 5-wave down, we could see the 176.4%-200% fib extensions. I anticipated an ABC, but it is possible we see a 5-wave move down. I then see a healthy move up to the $1250-$1750 range.

Note

Either we're breaking down out of this sym triangle and headed for $630 or this is an overthrown wave e aka a "fakeout"

Note

I think $500 is a safe bet.

Note

Lowering my bottom target to $400

Trade closed: target reached

We need to break back above this bottom support line before I confidently call this a bottom, but it's looking good folks. Closed my shorts here.

Manifested

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by Manifested

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