Prediction evidence

Th

Kayne (formerly Penguin)

@ThePenguinXBT

$ETH looking considerably more bullish on the H4/D🧪 I was 50/50 on whether the move from the 6 June low was simply a corrective flat. The recent local three-wave move down shifts the odds: - Wave 1 now looks more likely to be a genuine 1, not a C, with wave 2 currently resolving. Two paths: -Take the high first, then reject. - Reject from here. Either way, I want a bearish market-structure break before looking short, with $1,800 still the area I’d watch for the long. Straight up from here is possible, but it’s not my base case.