ETH approaching important levels, next stop the graveyard

ETH has almost fully retraced the last run up and is sitting on the last significant horizontal level before that .618 fib which did not provide much resistance on the way up.

If you look at the fib levels of the most recent run up, the next level after the horizontal it is sitting on is the .786 which is not an area of much or any horizontal support other than being a fib level. Not much else to say here, except maybe a Kumo twist to bearish likely occuring soon. ETH does not look too good.

Kommentera:

I want to clarify that I have not entered a trade, and am looking for a break of that level first.