ETGH hit the long term swing target posted in January a while ago.
Since that time we've had the big 76 retest. Slight spike out of it and we currently hold the second test. In the instances where the 7 will hold, we'll not go back under it. This offers a good RR long op.
We may have actually made a break of the 76 in the first run down, but even in these instances we sometimes can see the market trade from there to the 76 of the drop - this is what is used to select the target. I'll review decisions there if we get there.
ETH maybe a little lower first. Limit orders are in for 1594.
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Filled
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Profits locked in on this. I think crypto may head lower.
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ETH now selling off the bull target level.
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So here's a good example of using big 76s.
Here the buy was generated when the 76s held for the bull side.
The target was generated targeting the bear's 76s.
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And then the sell was generated on the 76 retracement.