ETH last line of defense?
This support line should hold, otherwise we will see another hard drop.
Note
In the above chart, I have counted the drop as ABC. It could also be a 1,2,3,4,5 of Wave A. That means, we would see at least a B wave to the upside (300-500$), followed by another strong selloff. What do you think? Or are we just fooled be crypto and it goes to zero?Note
There you go :)Note
If 117 USD holds, we could see a substantial move to the upside. If not, we could see a retest of 85 USD. My preferred scenario is a large move to the upside.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.