ETHUSD bulls have much work ahead: Ethereum's two bad Impulses
This is part of my ongoing analysis of Ethereum moves.
I have identified two concentrated zones of resistance.
These are areas for bulls to attack and bears to defend.
"Impulse" is a strong directional move for a limited duration.
"Ripples" of each Impulse can be mapped by Fib Extensions.
Impulse "Redux" is when the wave returns to the Impulse.
In most cases it takes several attempts to break through.
The .382-.618 zone of the Impulse has maximum pressure.
This is how "lower highs" are printed, rejection at Impulse.
If bulls can push through the Impulse Zone, a retest is ideal.
If bears can hold the Impulse Core, more bears will appear.
In either case, I will evaluate the moves and post an update.
Previous Analysis:
Long call to $288.69 (still a target)
Possible Retrace Paths (getting less likely)
.
See some of my other Charts and Trade calls below.
I also plot Forex and some Stocks, check my profile page.
BTC bottom (caught the EXACT bottom)
ETH breakout (instant Profits, no drawdown)
MATIC rocket (massive Profits, breakout entry)
CELR bottom (in progress, already long, will add)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
ADA breakout (PERFECT targets, massive profits)
IOTA Top (Top warning just in time)
DASH top (Top warning EXACTLY in time)
ONT top (Early warning for Top)
Of course, I have had total FAILS on some plots too, not going to pretend.
But my plots show PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
I have identified two concentrated zones of resistance.
These are areas for bulls to attack and bears to defend.
"Impulse" is a strong directional move for a limited duration.
"Ripples" of each Impulse can be mapped by Fib Extensions.
Impulse "Redux" is when the wave returns to the Impulse.
In most cases it takes several attempts to break through.
The .382-.618 zone of the Impulse has maximum pressure.
This is how "lower highs" are printed, rejection at Impulse.
If bulls can push through the Impulse Zone, a retest is ideal.
If bears can hold the Impulse Core, more bears will appear.
In either case, I will evaluate the moves and post an update.
Previous Analysis:
Long call to $288.69 (still a target)
Possible Retrace Paths (getting less likely)
.
See some of my other Charts and Trade calls below.
I also plot Forex and some Stocks, check my profile page.
BTC bottom (caught the EXACT bottom)
ETH breakout (instant Profits, no drawdown)
MATIC rocket (massive Profits, breakout entry)
CELR bottom (in progress, already long, will add)
ZRX breakout (massive Profits, short wait)
XLM breakout (massive Profits, instant Win)
ADA breakout (PERFECT targets, massive profits)
IOTA Top (Top warning just in time)
DASH top (Top warning EXACTLY in time)
ONT top (Early warning for Top)
Of course, I have had total FAILS on some plots too, not going to pretend.
But my plots show PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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