ETH - Fib Levels

٢٢ يناير ٢٠١٩

Using a day chart on ETH from the (most recent) November 2018 downtrend, it appears profit taking took place up to the 50% Fib Level, then retraced lower as expected from a selloff. ETH has been dancing around the 116 Fib Level however not holding steady for a bounce. Looks like a good short down to the 83 level coming up if no hold at the ~116 Fib Level.