Eth in daily will be lookep upon from bear and bull point of view.
Bear view:
We are in a series of 3 downtrends inside each other. although this might be the pullback from the weekly bullish point of view, it can also be a new trend of its own.
if so then :
1.the first fib from 4372 to 1728 has not hit target(-0.236 at 1401) or got cancelled (by hitting .618 at 2995) yet. so the target stays in play for bears to get to -.236 at 1401
pivot points is .5 at 2697
entry or re-entry for bears at this pivot point.
2.the second fib from the top of 2891 to the low of 1700. we did hit the .618 at 2360 but did not continue and got bounced back. so this one can be still in play too (can it?)
pivot line .5 at 2217 a possible re-entry for bears.
target is -.236 at 1500
3.if we consider the last wave is in pullback, then w have a 3th fibo with the top of 2409 and the low of 1706
pivot line .5 at 2027 a possible re entry for bears
target is .236 at 1572
so if all these fib waves are still in play, re entrr is in the range of 2027-2697 and target is in the range of 1401 to 1572
NOT A FINANCIAL ADVICE
just learning and sharing
Bear view:
We are in a series of 3 downtrends inside each other. although this might be the pullback from the weekly bullish point of view, it can also be a new trend of its own.
if so then :
1.the first fib from 4372 to 1728 has not hit target(-0.236 at 1401) or got cancelled (by hitting .618 at 2995) yet. so the target stays in play for bears to get to -.236 at 1401
pivot points is .5 at 2697
entry or re-entry for bears at this pivot point.
2.the second fib from the top of 2891 to the low of 1700. we did hit the .618 at 2360 but did not continue and got bounced back. so this one can be still in play too (can it?)
pivot line .5 at 2217 a possible re-entry for bears.
target is -.236 at 1500
3.if we consider the last wave is in pullback, then w have a 3th fibo with the top of 2409 and the low of 1706
pivot line .5 at 2027 a possible re entry for bears
target is .236 at 1572
so if all these fib waves are still in play, re entrr is in the range of 2027-2697 and target is in the range of 1401 to 1572
NOT A FINANCIAL ADVICE
just learning and sharing