ETHUSDT Retest Before New ATH?
Updated
In the past two months, we have seen some great gains being made on ETH/USDT and other Altcoins. ETHUSDT was able to make a high of 4800, after that the top altcoin started consolidating between the range of 4460-4780. After taking a look at the weekly chart I found the most recent trend to be over-extended. So I classified it as the 3rd wave of this bull cycle. I am expecting ETHUSDT to retest the 3989-4060 level in the next two weeks, where I will have my limit orders stacked and ready for the final wave of this bull market. If you noticed I have drawn Fibonacci levels based on a high that was never made before. I use this method to predict the highs and lows of cycles. I will explain it in an educational post very soon. A break of the 3886 level would invalid this analysis.
Comment
ETHUSDT is following the projection drawn perfectly. We have seen the retest happen and the bounce just started.Comment
Ether is holding the support level, even after strong selling momentum. The projection is still valid.
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