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Retrace

Eth recent price action. and coming. in detail. Cam and CPRLooking at eth. from large to small. We have had our monthly pivot tested. and monthly L4 broken. keep in mind we are still in our linear regression channel and this pullback is still very reasonable. it was the pump that wasnt. now mean has been tested. Lets move to the weekly on the right. we broke the L4 and hit BOTH L5 L6 breakdown targets. a new weekly comes in on todays close and a new Pivot point. that point is the reversion to mean. and the coming weekly price action will confirm if we go for monthly Break targets or not. this is the similar reading to BTC and other things in other markts
by Gunslinger2005
Confirmed EU USD break out of a 10 year lasting downtrend?Is this a confirmed EU USD break out of a 10 year downtrend? The trend line connecting the highs since 2011 seems to be broken to the upside at the end of last July. That was about time considering the RSI (below) and price divergence developing for the last 2 years. How many weeks it may take to get to a 50% retrace from the May 2014 high to the low of 2016-2017, if this ushers in a trend reversal, is a big question, especially given the current global economics. It is now at the top of a preliminary drawn channel at the right, where it might as well pop out. But a decent back test of the trend line also has not yet come to pass at this time... Might it reach the 50%, a continuation to the .618, and a bit above, seems obvious. When 127.5 , a significant support/resistance level, is breached and confirmed, a target of (almost) 140 and then 150 might be next because these levels are both fib-nodes (1 and 1.272) and significant resistance levels looking left. But tomorrow, it can all be different, and it will be, a lot, or just a little. Thanks for your time!
ELong
by GuidoN