ETH… brace yourself 🤨
Ethereum lead the pack this time around, but is there gas still in the rocket or should we look to position our fingers squarely over the ejection button?
Macro view showing that ETH is struggling under the weight of resistance at the March 2021 lowThe bullish scenario sees us again darting up towards the next liquidity zone between ~$1900 to ~$2000.
As we currently retrace and retest the 0.263 Fibonacci level
Déjà vu, retraced to the 0.236 just 3 days ago…
However, the first time ETH left this particular liquidity zone for the next, it retraced well below the 0.618 level.
History doesn't repeat but rhymes, the dilemma with being guided by historical data is determining the rhyming couplets…
I am treading cautiously with Ether, as all the stochastics seem to indicate a pull back yet the fundamentals call for a sustained climb.
Just as rocket fuel is made up of liquified natural gas and liquified oxygen.
Successful trades are guided by the mixture of technicals and fundamentals.
My ejection seat has been deployed…
Just sharing what I am doing.
DYOR
Banter on, Banter Strong!
✌️
