Eth currently still playing the range and is in the distribution phase leading into a retracement
2 routes
1 . She pulls down around 50 to 618 % of the current range she made to then go higher
:light blue route
2. She retraces down to collect the equal lows then accumulates to expand to make higher high
: dark blue route
And for dxy correlation… Dxy is currently expanding on the micro and making the 4th leg of a bearish Elliot wave on the macro
So once it creates that 4th leg then down she retraces
PAYtience pays
Crypto is just going on discount
2 routes
1 . She pulls down around 50 to 618 % of the current range she made to then go higher
:light blue route
2. She retraces down to collect the equal lows then accumulates to expand to make higher high
: dark blue route
And for dxy correlation… Dxy is currently expanding on the micro and making the 4th leg of a bearish Elliot wave on the macro
So once it creates that 4th leg then down she retraces
PAYtience pays
Crypto is just going on discount
Note
ETH short playing out ,... on her own time though
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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.