$ETH - WATCHLIST -
Added 2025-05-19 10:15:21 +0000 UTCThe price action has been moving wonderfully here
We wanted Wave 1 to reject at the 200 Day MA and the 3.618 Fib at $2700 and pull back for Wave 2 and that is what we are getting.....and this started before the Moody's downgrade came out.
Therefore the plan remains the same here too, we want a 3 wave pull back to in between the 0.5 - 0.618 Fib ($1900-$2100) and hold, a hold here and Wave 2 is complete for me and Wave 3 is next to the 1.618 fib at $4100 as shown.
I like how Wave 1 stopped at the 200 Day MA and the Wave 2 0.618 Fib is now aligned perfectly with the 50 WMA at $1900.
This symmetry is a technicians dream.
Comments
Think $2,326 was low enough ? Doesn’t feel good today. Bond yields rising. China not happy with trade talks.
Adam Beaudry
2025-05-19 13:57:08 +0000 UTC
