ETHUSD - Where does it stop falling?
Bearish short-term; Bullish long term.
For ETHUSD, I see 4 bases of support under the peak. It is possible it recovers at any one of these lower support bases. It is also possible it drops to Base-1 before it recovers.
I think it may reach Base-2 and then bounce up to Base-3 shortly afterwards. I could be wrong but looking at other parabolic moves, it is possible. I plan to re-enter at Base-2 support. If it recovers before that, that's fine.
For ETHUSD, I see 4 bases of support under the peak. It is possible it recovers at any one of these lower support bases. It is also possible it drops to Base-1 before it recovers.
I think it may reach Base-2 and then bounce up to Base-3 shortly afterwards. I could be wrong but looking at other parabolic moves, it is possible. I plan to re-enter at Base-2 support. If it recovers before that, that's fine.
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