Were in a crypto bear market now but I belive that right now we will get a nice bounce from these levels. Ethereum should bounce around 80%-110% from here and should reach target in about 45-90 days. After that more extended consolidating with slow downward movement for many months. It's obvious to many but I will state this that It is seemingly obvious we are approaching a bear market in all markets that will likley extend for about 3 years. Bad times ahead folks.
Reasoning:
ABC retracement hit.
ABC pattern complete
Timeframe lines up
Drop matches prior drop in eth.
Fib extensions hit.
Extreme fear high.
Not fincial advise. do your own research. I apologize for the somewhat sloppy post. Dont got much time to go in depth.
Reasoning:
ABC retracement hit.
ABC pattern complete
Timeframe lines up
Drop matches prior drop in eth.
Fib extensions hit.
Extreme fear high.
Not fincial advise. do your own research. I apologize for the somewhat sloppy post. Dont got much time to go in depth.