Before I continue, I'm still bearish at ETHUSD. the reason is simple, because right now we still inside symetrical channel down. But,.... not all my follower and our client agree with bearish, so I made this analysis for bullish scenario
You can see we have 2 strong pattern here, 1. Big symetrical channel up this bullish pattern perform since Mar 01st, and still not broken yet. If bullish continue, we have a big target with 16% profit projection (no leverage) 2. ABCD fibonacci pattern previous big bearish candle hit fibonacci 618 support (C point) and we also have another support at 134 (weak support) If one of this support able to hold bearish movement, we have 3 bullish target for Ethereum : 151.29 at fibonacci 1.272 153.52 at fibonacci 1.414 and 156.62 at fibonacci 1.618
If you believe bullish will win this "tug o'war", you can buy ETH at : 134.55 at support level, 132.38 at fibonacci support, Or for more bullish confirmation, we can wait after red channel down break up.
This bullish scenario failed if 132.38 break down
Note : Do not make hurry decission, little late better than little loss.
don't forget to "like" this analysis, if you need more quick update.
We're still bearish as well on ETH and are holing our short trade until we see signs of the reversal to an uptrend. The weekly stochastic is at the top and could drop the price very fast. Best of luck and thanks again for the update!