ETH - pretty damn close to meeting my harmonic target - not a textbook defined harmonic but one with a set of retracements I recognised from charting LINK. (Randomly!)
I would expect a rebound from a harmonic which has met support (78.6 of larger move) initially to 50% of the CD leg - i.e. around 0.063, which coincides with the 61.8% fib on the larger move and the longer term downtrend which treats A as a fakeout. However there are various resistances between.
In addition, we are seeing similar oversold levels on this daily chart as we saw at B, and bullish RSI divergence. ADX remains a concern with the bearish trend still evidenced.
I would expect a rebound from a harmonic which has met support (78.6 of larger move) initially to 50% of the CD leg - i.e. around 0.063, which coincides with the 61.8% fib on the larger move and the longer term downtrend which treats A as a fakeout. However there are various resistances between.
In addition, we are seeing similar oversold levels on this daily chart as we saw at B, and bullish RSI divergence. ADX remains a concern with the bearish trend still evidenced.
Note
Also check out my hourly analysis 
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Endless learning
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.