Ethereum is finishing up a massive ABC correction or others may call it a WXY from its genesis point. to keep it simple we will just look at it as a giant ABC.it seems to be putting in a wave 5 of the 5th wave of a bigger C wave. fib extensions show confluence between $220 and $205 and the fib fan (not shown here because it gets in the way of showing other technicals) has a date of sept 5th.it must be noted that the current price action has stayed close to fib fan median line so its likely to hit that date as well. it must also be noted that the confluence zone at $220 lines up almost perfectly with a 1 year long double bottom and the fib extensions shown. its all about building confluence zones for probabilities. thanks for giving me your time and i hope this info has helped you build YOUR own case for future price action. happy trading!
RIGO
RIGO