I want to start by looking back in time at Ether’s weekly chart...
This was an extremely beautiful Bullish Triangle! It bounced on the sexy Fibonacci supports and was a clear signal to expect the huge move in ETH.
Now lets look to the Future…
As you can see, it is not sexy yet. I’m predicting another slow forming Bullish Triangle. Patients is a virtue.
Zooming into the daily chart….
I suspect the price action to be limited within the downward channel over the following weeks. Obviously, there are exceptions. I am not a fortune teller, but I believe anywhere around that Golden, 0.618, Fib is a great buy!