The Long Investor
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$ETH
🕑 Added 2025-04-21 16:43:21 +0000 UTCWe can't confirm that a reversal has started but we can confirm that the bleeding has stopped lately.
Price is holding on the blue support line and the 0.78 Fib, a fib level that has been tested by a lot of charts lately.
As we know, any drop below the 0.618 standard fib support level is weakness, and that is obvious here being below the 200 WMA too.
A lot of people are talking about decoupling now from the market and crypto, this is still too early to say but IF it was to happen, which position do you believe benefits the most from this?
The position that has pulled back to the 0.78 Fib or the 0.38 Fib?
I prefer positions that have completed their ABC correction.
Comments
J$
Why ETH over bitcoin?
DC
You might have fallen “in love” with ETH, Cap. Hope you’re right, though. Higher ETH will mean higher BTC most certainly.
