ETH/USD Short?Downtrend Fibonacci's:
Yellow Fib: Resistance Zone to R/S Zone
Blue Fib: Resistance Zone to Support Zone
Uptrend Fibonacci's:
Red Fib: R/S Zone to Resistance Zone
Cyan Fib: Support Zone to Resistance Zone
Analysis:
I think ETH will lose its steam soon. In my eyes, price is currently testing the R/S Zone. The previous high wasn't broken. I believe price will reach the 61.80 to 100% on the Yellow Fib. If lucky, price will proceed to the 61.80/100% marks on the Blue Fib.
I sold because price hit the 61.80/100% zones on both the cyan and the red Fib. Usually price either hits the 61.80 - 100% and retraces the previous trend. On the red Fib, price hit 100% and since it hit, price has been testing the support. I got in a little late but I have a good feeling about this.
Strike Prices:
(1324 - 1045)
